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Bourses remain in green in early afternoon session
Sep-18-2025

Indian markets remained in green in early afternoon session amid optimism over ongoing U.S.-India trade talks. Besides, rate cut by the US Federal Reserve also boosted the investors’ sentiments. Traders took note of report that Union Commerce Minister Piyush Goyal has expressed confidence that India's exports would grow by around 6 per cent this year compared to the corresponding period in 2024. Underscoring the country's strong performance in global trade despite challenges, he said discussions on free trade agreements (FTAs) were advancing with several countries. On the global front, Asian markets were trading mixed after the US Fed delivered a widely expected quarter point interest rates cut to 4.0 percent, citing a shift in the balance of risks. The latest projections from Fed officials also suggest they expect the central bank to lower rates two more times this year.

The BSE Sensex is currently trading at 82997.54, up by 303.83 points or 0.37% after trading in a range of 82920.76 and 83141.21. There were 17 stocks advancing against 12 stocks declining on the index, while 1 stock remained unchanged. 

The broader indices were trading in green; the BSE Mid cap index gained 0.06%, while Small cap index was up by 0.05%.

The top gaining sectoral indices on the BSE were IT up by 1.00%, TECK up by 0.64%, Bankex up by 0.43%, Realty up by 0.24% and FMCG was up by 0.23%, while Capital Goods down by 0.43%, Energy down by 0.25%, Basic Materials down by 0.21%, Industrials down by 0.21% and PSU was down by 0.20% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 1.72%, Eternal up by 1.66%, Sun Pharma up by 1.04%, HDFC Bank up by 1.00% and Hindustan Unilever up by 0.77%. On the flip side, Bharat Electronics down by 0.70%, Bajaj Finance down by 0.56%, Tata Motors down by 0.51%, Mahindra & Mahindra down by 0.51% and Trent down by 0.37% were the top losers.

Meanwhile, ratings firm ICRA in its latest report has said that high US tariffs are expected to affect close to 8 per cent of India's overall auto component production. It said Indian auto component exporters are at a relative disadvantage compared to most other Asian exporting nations, highlighting the importance of concluding an India-US bilateral trade agreement. It noted that auto component exports contribute nearly 30 per cent to the industry's revenues, with the US alone accounting for 27 per cent of this share. 

ICRA pointed out that the imposition of a 50 per cent tariff on Indian goods places Indian auto component exporters at a disadvantage compared to their Asian counterparts, as countries such as China, Japan, Vietnam, and Indonesia face lower tariffs of 15-30 per cent. Further, it said manufacturers in Mexico and Canada remain exempt under the United States-Mexico-Canada Agreement (USMCA), further intensifying competitive pressures on Indian exporters.

According to the report, exports of auto components from India to the US have been rising steadily, moving from $4.1 billion in FY2021 to $6 billion in FY2022, $6.5 billion in FY2023, $6.8 billion in FY2024, and are estimated to reach $7.3 billion in FY2025. It said geography-wise, exports comprise 29 per cent of the country's auto component industry, with domestic sales accounting for 56 per cent and replacement demand for 15 per cent. It added that within exports, Europe accounts for 30 per cent, the US 27 per cent, Asia 26 per cent, Latin America 3 per cent, and other regions 13 per cent.

The CNX Nifty is currently trading at 25417.85, up by 87.60 points or 0.35% after trading in a range of 25393.80 and 25448.95. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 2.44%, Infosys up by 1.80%, Eternal up by 1.60%, SBI Life up by 1.20% and Sun Pharma up by 1.07%. On the flip side, Coal India down by 0.94%, ONGC down by 0.79%, Bharat Electronics down by 0.70%, Apollo Hospital down by 0.66% and Bajaj Finance down by 0.66% were the top losers.

Asian markets were trading mixed; Hang Seng declined 393.39 points or 1.46% to 26,515.00, Shanghai Composite weakened 44.68 points or 1.15% to 3,831.66, Straits Times fell 8.98 points or 0.21% to 4,314.80 and Jakarta Composite was down by 0.78 points or 0.01% to 8,024.40. On the flip side, KOSPI increased 47.90 points or 1.38% to 3,461.30, Taiwan Weighted added 331.11 points or 1.28% to 25,769.36 and Nikkei 225 was up by 591.62 points or 1.3% to 45,382.00.

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