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Indices end higher for 2nd straight day amid Fed rate cut hopes
Sep-17-2025

Indian equity benchmarks rose for the second straight day on Wednesday on buying in PSU, Capital Goods and Banking shares by investors enthused by positive day-long discussions with the visiting US team on a bilateral trade deal. Growing expectations of a rate cut by the US Federal Reserve also helped stock markets to end higher.  

Some of the important factors in trade:

India set to attract investments worth Rs 80 lakh crore in coming years: Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal has said that India is set to attract investments worth Rs 80 lakh crore, generate over 1.5 crore jobs, and accelerate green shipping practices in the coming years.

Govt plans Rs 5 000 crore scheme to promote decarbonisation in steel industry: Steel Secretary Sandeep Poundrik said the government is working on a Rs 5,000 crore scheme to promote adoption of clean steel-making technologies, thereby reducing carbon emissions.

Rupee rises against US dollar: Indian rupee appreciated against US dollar, tracking a positive trend in domestic equities and supported by optimism over US–India trade negotiations. 

India's exports to US falling due to high tariffs: Global Trade Research Initiative (GTRI) said India's exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington. 

Global front: European markets were trading mostly in red, while Asian markets ended mixed with investors making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement, due later in the day. The U.S. Federal Reserve is widely expected to lower interest rates by 25 basis points later today amid slowing job growth.  

Finally, the BSE Sensex rose 313.02 points or 0.38% to 82,693.71 and the CNX Nifty was up by 91.15 points or 0.36% to 25,330.25.     

The BSE Sensex touched high and low of 82,741.95 and 82,490.47 respectively. There were 20 stocks advancing against 10 stocks declining on the index.  

The broader indices ended in green; the BSE Mid cap index rose 0.19%, while Small cap index was up by 0.51%.

The top gaining sectoral indices on the BSE were PSU up by 1.27%, Capital Goods up by 0.96%, Bankex up by 0.75%, Industrials up by 0.75% and IT up by 0.72%, while Metal down by 0.49%, Telecom down by 0.42%, Utilities down by 0.33%, Consumer Durables down by 0.16% and FMCG down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were SBI up by 3.02%, Bharat Electronics up by 2.36%, Kotak Mahindra Bank up by 1.43%, Maruti Suzuki up by 1.35% and Trent up by 1.21%. On the flip side, Bajaj Finserv down by 0.99%, Titan Company down by 0.98%, ITC down by 0.93%, Tata Steel down by 0.44% and Power Grid Corporation down by 0.42% were the top losers.

Meanwhile, Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal has said that India is set to attract investments worth Rs 80 lakh crore, generate over 1.5 crore jobs, and accelerate green shipping practices in the coming years. Further, he said India's maritime sector is undergoing a transformative shift, positioning the nation as a future global maritime superpower. He emphasized ‘India's maritime growth story is about prosperity, sustainability, and pride in our heritage. We have already set course as India's blue economy aims to gain Rs 80 lakh crore boost, 1.5 crore jobs under Maritime Amrit Kaal Vision.’

He mentioned the government's flagship 'Sagarmala' programme is driving this change with 840 projects worth Rs 5.8 lakh crore under implementation by 2035. Already, 272 projects worth Rs 1.41 lakh crore have been completed. The upcoming Rs 76,000-crore Vadhavan Port in Maharashtra -- envisioned among the top 10 container ports globally -- is projected to create 12 lakh jobs. Meanwhile, India's major ports have reduced turnaround time to 0.9 days, faster than global benchmarks in the US, Germany and Singapore. Nine Indian ports are now ranked among the world's top 100.

Talking on the key role that Kerala plays in India's ambition of becoming a global maritime power, Sonowal said ‘Kerala anchors India's vision of becoming a maritime superpower by 2047. The Cochin Port and its Vallarpadam transhipment terminal are set for further expansion to accommodate rising cargo flows.’ Under the Sagarmala project, he said 54 projects worth Rs 24,000 crore are being executed in Kerala, of which 20 are already complete. These include modernised fishing harbours at Kochi, Kannur, and Thrissur, providing direct benefits to thousands of fishermen.

Besides, with India Maritime Week 2025 scheduled in Mumbai this October, the government anticipates stronger international partnerships and fresh investment inflows. Sonowal urged global stakeholders to deliberate on various issues, such as decarbonisation, supply chain resilience, cybersecurity, and sustainable shipping.

The CNX Nifty touched high and low of 25,346.50 and 25,275.35 respectively. There were 34 stocks advancing against 16 stocks declining on the index.  

The top gainers on Nifty were Tata Consumer Product up by 3.99%, SBI up by 3.05%, Bharat Electronics up by 2.21%, Kotak Mahindra Bank up by 1.45% and Maruti Suzuki up by 1.39%. On the flip side, HDFC Life Insurance down by 1.08%, Bajaj Finserv down by 0.98%, Titan Company down by 0.91%, SBI Life Insurance down by 0.87% and Hindalco Industries down by 0.85% were the top losers.

European markets were trading mostly in red; France’s CAC fell 29.52 points or 0.38% to 7,788.70 and Germany’s DAX lost 40.94 points or 0.18% to 23,288.30, while UK’s FTSE 100 increased 15.54 points or 0.17% to 9,211.20.

Asian markets ended mixed on Wednesday tracking Wall Street's gains overnight and ahead of the Federal Reserve interest rate decision later in the day, with a 25-bps rate cut already priced in. Investors ignored data showing US factory production unexpectedly increased in August and retail sales rose at a brisk pace for the third month in a row. Chinese shares rose as the US and China reached a framework agreement to switch short-video app TikTok to US-controlled ownership. Japan’s Nikkei index slipped, retreating from record highs after weak trade data raised concerns over Japan's export-dependent economy. Data showed that Japan's trade deficit widened sharply from yen 118.4 billion to yen 242.5 billion in August.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,876.34

14.47

0.37

Hang Seng

26,908.39

469.88

1.78

Jakarta Composite

8,025.18

67.48

0.85

KLSE Composite

1,611.70

11.57

0.72

Nikkei 225

44,790.38

-111.89

-0.25

Straits Times

4,323.78

-13.96

-0.32

KOSPI Composite

3,413.40

-36.22

-1.05

Taiwan Weighted

25,438.25

-191.39

-0.75


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