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Markets maintain gains in late morning deals
Sep-18-2025

Indian equity markets continued to witness gains and were trading higher by over 0.35 percent in late morning deals on account of buying by funds and retail investors. Hectic buying in Eternal, Infosys, Sun Pharma, Hindustan Unilever and HDFC Bank helped the markets to maintain their gaining momentum. Support came in as Union Commerce Minister Piyush Goyal expressed confidence that India's exports would grow by around 6 per cent this year compared to the corresponding period in 2024. On the BSE sectoral front, traders were seen piling up positions in IT, Realty, TECK, FMCG and Bankex, while selling was witnessed in Energy, Oil & Gas, Capital Goods and Basic Materials.

On the global front, Asian markets were trading mostly higher after the Federal Reserve lowered its benchmark rate as expected on Wednesday. Back home, in the stock specific development, Poonawalla Fincorp jumped after the company’s board approved the allotment of 3.31 crore equity shares worth nearly Rs 1,500 crore to promoter entity Rising Sun Holdings.

The BSE Sensex is currently trading at 83044.82, up by 351.11 points or 0.42% after trading in a range of 82920.76 and 83141.21. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.28%, while Small cap index up by 0.17%.

The top gaining sectoral indices on the BSE were IT up by 0.88%, Realty up by 0.83%, TECK up by 0.52%, FMCG up by 0.48% and Bankex up by 0.45%, while Energy down by 0.19%, Oil & Gas down by 0.15%, Capital Goods down by 0.10% and Basic Materials down by 0.02% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.49%, Infosys up by 1.42%, Sun Pharma up by 1.08%, Hindustan Unilever up by 1.06% and HDFC Bank up by 1.03%. On the flip side, Bharti Airtel down by 0.33%, Bajaj Finance down by 0.24%, Bharat Electronics down by 0.22%, Ultratech Cement down by 0.16% and Trent down by 0.09% were the top losers.

Meanwhile, the rating agency Crisil has indicated that the current account deficit (CAD) of India is likely to remain under control at 1% of gross domestic product (GDP) in the current financial year (FY26), despite of the challenges faced by the economy from higher tariffs and global geopolitical headwinds. It added that despite these challenges, the strong growth in services trade, steady remittances from overseas Indians, and softer crude oil prices will help to keep deficit manageable. It pointed that the uncertainty on trade front is because US has increased tariffs on Indian exports, particularly due to purchases of Russian oil. It noted that it is still uncertain where the tariff rates will finally settle as negotiations are continuing, but the higher duties may create challenges for India’s exports.

It highlighted that India is actively working on trade agreements with other countries in order to reduce the US tariff impact. Besides, the latest trade data of August showed some encouraging signs. The country’s merchandise exports rose 6.7% on-year in August 2025 to $35.10 billion, compared with $32.89 billion in August 2024. The growth in August was supported by broad-based gains in oil, gems and jewellery, and core exports. At the same time, imports recorded a sharp fall with merchandise imports dropping 10.1% on-year to $61.59 billion in August as compared to $68.53 billion a year earlier. This helped bring down the merchandise trade deficit to $26.49 billion from $35.64 billion in the same month last year.

Crisil also pointed out that while export growth to the US slowed, but shipments to other markets have improved. For the month of August, non-US exports rose 6.6% year on-year, faster than the 4.3% growth in July. On the import side, gems and jewellery imports saw a significant contraction of 51.2% in August, which contributed to the overall decline in imports. It has outlined that the combination of resilient services trade, steady inflows from remittances, softer crude oil prices, and a narrowing trade deficit will help keep the CAD at a manageable level this fiscal despite the global and tariff-related challenges.

The CNX Nifty is currently trading at 25425.15, up by 94.90 points or 0.37% after trading in a range of 25393.80 and 25448.95. There were 36 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 2.09%, Eternal up by 1.52%, Infosys up by 1.43%, SBI Life up by 1.16% and Sun Pharma up by 1.03%. On the flip side, Apollo Hospital down by 0.72%, Coal India down by 0.69%, ONGC down by 0.58%, Bharti Airtel down by 0.40% and Bajaj Finance down by 0.38% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 573.62 points or 1.26% to 45,364.00, Taiwan Weighted added 331.11 points or 1.28% to 25,769.36, Jakarta Composite gained 21.43 points or 0.27% to 8,046.61 and KOSPI increased 39.55 points or 1.15% to 3,452.95. However, Shanghai Composite weakened 16.77 points or 0.43% to 3,859.57, Hang Seng declined 225.39 points or 0.84% to 26,683.00 and Straits Times fell 2.33 points or 0.05% to 4,321.45.
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