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Markets extend opening losses in early deals
Sep-19-2025

Indian equity benchmarks made a negative start on Friday and extended their losses in early deals as investors booked profit after recent rally following encouraging progress in India-U.S. trade discussions and US Federal Reserve's 25 basis points rate cut. Traders overlooked the government data which showed that net direct tax collection grew 9.18 per cent so far this fiscal to over Rs 10.82 lakh crore due to higher advance tax mop-up from corporates and slower refunds. Meanwhile, India and the UAE have set a target to double bilateral trade in non-oil and non-precious metal to $100 billion over the next 3-4 years.

On the global front, Asian markets were trading mostly lower as investors turned their attention to a call between Donald Trump and Xi Jinping. As per the report, they would discuss a deal to change ownership of the hugely popular video-sharing app TikTok. Back home, on the sectoral front, pharma stocks are in focus as rating firm ICRA said that revenue of leading domestic pharmaceutical companies is set to expand by 7-9 per cent in the current fiscal even as global headwinds and regulatory uncertainties cast a shadow over its largest export market.

The BSE Sensex is currently trading at 82696.31, down by 317.65 points or 0.38% after trading in a range of 82633.60 and 82978.63. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.13%, while Small cap index was up by 0.13%.

The gaining sectoral indices on the BSE were Utilities up by 0.93%, Oil & Gas up by 0.85%, Power up by 0.80%, Energy up by 0.47%, PSU up by 0.45% while, IT down by 0.52%, Bankex down by 0.43%, FMCG down by 0.33%, TECK down by 0.30%, Consumer Durables down by 0.22% were the losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 1.73%, Bharat Electronics up by 0.50%, Maruti Suzuki up by 0.36%, Bharti Airtel up by 0.25% and NTPC up by 0.19%. On the flip side, ICICI Bank down by 0.91%, Titan Company down by 0.89%, HCL Technologies down by 0.78%, Ultratech Cement down by 0.78% and Infosys down by 0.71% were the top losers.

Meanwhile, Chief Economic Advisor V Anantha Nageswaran has said he expects that a solution to the tariff issues with the US is likely to be arrived in the next eight to ten weeks. The US imposed an additional 25 per cent tariff imposed on Indian products for the country's purchases of Russian oil, which came into effect in August, bringing the total amount of levy on New Delhi to 50 per cent.

He said ‘Underneath the surface, conversations are going on between the two governments. My hunch is that in the next eight to ten weeks, we will likely see a solution to the tariff imposed by the US on Indian goods’. India’s exports to the US stood at $85 billion.

Terming India as an aspirational lower-middle-income economy, he said real GDP growth in the first quarter of the current financial year was 7.8 per cent. He added that post the COVID pandemic, the Indian economy grew faster than many countries.

He said the growth in manufacturing, services and agriculture will contribute to economic progress in a great way in the next two years, and added that consumption and investments will continue to anchor growth for the country. He noted that the recent relief in GST rates will give more disposable income in the hands of consumers, and urban consumption is likely to go up.

The CNX Nifty is currently trading at 25340.55, down by 83.05 points or 0.33% after trading in a range of 25322.90 and 25428.75. There were 21 stocks advancing against 29 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 3.46%, Adani Ports & SEZ up by 1.54%, Shriram Finance up by 1.29%, HDFC Life Insurance up by 0.73% and SBI Life Insurance up by 0.72%. On the flip side, Tata Consumer Products down by 1.11%, Nestle down by 1.11%, Bajaj Auto down by 0.99%, ICICI Bank down by 0.96% and HCL Tech. down by 0.90% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 625.43 points or 1.38% to 44,678.00, Taiwan Weighted lost 54.37 points or 0.21% to 25,714.99, KOSPI dropped 25.70 points or 0.74% to 3,435.60, Straits Times fell 12.51 points or 0.29% to 4,300.11 and Shanghai Composite was down by 1.01 points or 0.03% to 3,830.65. On the other hand, Hang Seng advanced 44.15 points or 0.17% to 26,589.00 and Jakarta Composite was up by 3.02 points or 0.04% to 8,011.45.
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