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Key gauges remain in red in morning deals
Sep-19-2025

Indian equity benchmarks remained in red in morning deals, amid profit-taking in blue-chips ICICI Bank, Titan Company and HDFC Bank. Traders overlooked Chief Economic Advisor V Anantha Nageswaran's statement that 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. Traders also paid no heed towards exchange data showed Foreign Institutional Investors bought equities worth Rs 366.69 crore on a net basis on Thursday. On the global front, Asian markets are trading mostly in red following a slightly hawkish leaning policy decision from the Federal Reserve. Investors reacted to hawkish comments from Fed Chair Powell, who said higher goods prices are feeding through to inflation and that the FOMC expects inflation to continue to build into next year. 

The BSE Sensex is currently trading at 82628.34, down by 385.62 points or 0.46% after trading in a range of 82575.41 and 82978.63. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.02%, while Small cap index was up by 0.16%.

The top gaining sectoral indices on the BSE were Utilities up by 0.99%, Power up by 0.89%, Oil & Gas up by 0.81%, PSU up by 0.67% and Capital Goods up by 0.41%, while IT down by 0.55%, TECK down by 0.50%, Bankex down by 0.43%, FMCG down by 0.40% and Telecom down by 0.17% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports &SEZ up by 1.83%, SBI up by 0.99%, Asian Paints up by 0.85%, Bharat Electronics up by 0.49% and NTPC up by 0.43%. On the flip side, ICICI Bank down by 1.17%, Titan Company down by 1.15%, HDFC Bank down by 0.88%, Infosys down by 0.86% and Kotak Mahindra Bank down by 0.82% were the top losers.

Meanwhile, Rating firm Icra has said that revenue of leading domestic pharmaceutical companies is set to expand by 7-9 per cent in the current fiscal (FY26) even as global headwinds and regulatory uncertainties cast a shadow over its largest export market, the US. It mentioned revenue for the sample set of companies is projected to expand by 7-9 per cent in FY26, supported by 8-10 per cent growth in the domestic market and 10-12 per cent growth in Europe. 

However, it stated performance in the US market is expected to moderate, with year-on-year growth slowing to 3-5 per cent, from nearly 10 per cent in FY25. The operating profit margins (OPM) of ICRA's sample entities are expected to remain resilient at 24-25 per cent in FY26, broadly in line with 24.6 per cent in FY25, aided by favourable raw material prices, improved operating leverage, and a rising share of speciality products.
Research and Development (R&D) spending is projected to remain steady at 6-7 per cent of revenues, with companies increasingly focusing on complex molecules and speciality products over generics. Icra said it estimates total capital expenditure for its sample set to reach Rs 42,000-45,000 crore in FY26, including Rs 25,000 crore in inorganic investments.

The CNX Nifty is currently trading at 25319.85, down by 103.75 points or 0.41% after trading in a range of 25297.05 and 25428.75. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 4.25%, Adani Ports &SEZ up by 1.78%, SBI up by 0.95%, SBI Life Insurance up by 0.83% and Asian Paints up by 0.80%. On the flip side, Nestle down by 1.30%, ICICI Bank down by 1.19%, Titan Co down by 1.18%, Cipla down by 1.02% and Tata Consumer Product down by 1.00% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 142.43 points or 0.31% to 45,161.00, Taiwan Weighted lost 66.79 points or 0.26% to 25,702.57, Jakarta Composite plunged 5.04 points or 0.06% to 8,003.39, KOSPI dropped 23.17 points or 0.67% to 3,438.13 and Straits Times fell 12.25 points or 0.28% to 4,300.37.

On the flip side, Shanghai Composite strengthened 4.66 points or 0.12% to 3,836.32 and Hang Seng advanced 21.15 points or 0.08% to 26,566.00. 
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