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Indices add more losses in late morning deals
Sep-19-2025

Indian equity indices added more losses in late morning deals as market participants indulged in reducing their positions. Selling in index heavyweight stocks such as ICICI Bank, HDFC Bank, HCL Technologies and Infosys dragged markets below their crucial 25,350 (Nifty) and 82,600 (Sensex) levels. Weak cues from other Asian markets weighed on the domestic sentiments. Further, depreciation in Indian rupee against dollar also weighed down sentiments. Rupee weakened by 10 paise to 88.30 against the dollar at the Inter-bank Foreign Exchange market on account of increased demand for the American currency from importers and banks. 

On the global front, Asian markets were trading lower after the Bank of Japan kept its policy rate steady at 0.5%. Back home, on the BSE sectoral front, traders were seen piling up position in Utilities, Power, Oil & Gas, PSU and Energy, while selling was witnessed in IT, TECK, Bankex, Telecom and FMCG.

The BSE Sensex is currently trading at 82576.21, down by 437.75 points or 0.53% after trading in a range of 82548.96 and 82978.63. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was down by 0.01%, while Small cap index up by 0.11%.

The top gaining sectoral indices on the BSE were Utilities up by 1.02%, Power up by 0.87%, Oil & Gas up by 0.79%, PSU up by 0.69% and Energy up by 0.39%, while IT down by 0.62%, TECK down by 0.62%, Bankex down by 0.55%, Telecom down by 0.39% and FMCG down by 0.26% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports up by 1.21%, Asian Paints up by 1.08%, SBI up by 0.88%, NTPC up by 0.64% and Sun Pharma up by 0.41%. On the flip side, Titan down by 1.24%, ICICI Bank down by 1.22%, HDFC Bank down by 1.13%, HCL Technologies down by 1.07% and Infosys down by 0.99% were the top losers.

Meanwhile, the Commerce and Industry Minister Piyush Goyal has said that India and the United Arab Emirates (UAE) have set a target to double bilateral trade in non-oil and non-precious metal to $100 billion over the next 3 to 4 years. Currently, the bilateral trade in non-oil and non-precious metals stands at about $50 to $55 billion. He also said that both sides have decided to work on modalities to invest in regions, such as Africa and the GCC (Gulf Cooperation Council), in various sectors like infrastructure, by leveraging the UAE's investment strength and India's talent pool.

These issues relating to bilateral trade were discussed during the 13th meeting of the India-UAE High-Level Joint Task Force on Investments here. The minister said both sides also explored new frontiers for investment and collaboration, especially in the maritime, defence, aerospace, and space sectors to drive mutual growth. He added that trade in local currencies is also on the rise, which will help traders to cut transactions cost and will promotes ease of operations.

In February 2022, India and UAE had signed Comprehensive Economic Partnership Agreement (CEPA). Since signing of the Agreement, both the governments have strived to address challenges faced by each other’s exporters through regular high-level meetings and technical discussions between the officials. During financial year 2024-25, the bilateral trade between both countries stood at $100.05 billion.

The CNX Nifty is currently trading at 25316.30, down by 107.30 points or 0.42% after trading in a range of 25297.05 and 25428.75. There were 18 stocks advancing against 32 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 3.77%, SBI Life up by 1.36%, Adani Ports up by 1.23%, Asian Paints up by 1.06% and SBI up by 0.92%. On the flip side, Titan down by 1.22%, ICICI Bank down by 1.19%, HDFC Bank down by 1.13%, Hindalco down by 1.13% and HCL Technologies down by 1.06% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 279.43 points or 0.62% to 45,024.00, Taiwan Weighted lost 190.99 points or 0.75% to 25,578.37, Jakarta Composite plunged 5.04 points or 0.06% to 8,003.39, Shanghai Composite weakened 11.12 points or 0.29% to 3,820.54, KOSPI dropped 24.06 points or 0.7% to 3,437.24, Hang Seng declined 36.85 points or 0.14% to 26,508.00 and Straits Times fell 12.14 points or 0.28% to 4,300.48.

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