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Markets continue to trade below unchanged lines
Sep-19-2025

Indian equity markets have recovered from day’s low, but continued to trade below the unchanged lines. Market participants took note of a recent report release by Crisil rating indicating that the recent rationalisation of GST rates is unlikely to pose a fiscal burden on the government. It added that the government has estimated a net loss of an annualised Rs 48,000 crore in the short term on account of GST rationalisation. The total GST collections in the previous fiscal were Rs 10.6 lakh crore. Hence, the loss does not seem significant. However, markets remained in red amid lack of supportive cues from global markets. 

On the global front, Asian equity markets were trading mixed as the Bank of Japan's hawkish tilt lifted the yen. European equity markets were trading mostly in green investors cheered data that showed U.K. retail sales increased for the third straight month in August.

The BSE Sensex is currently trading at 82619.69, down by 394.27 points or 0.47% after trading in a range of 82485.92 and 82978.63. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in mixed; the BSE Mid cap index declined 0.15%, while Small cap index was up by 0.02%.

The top gaining sectoral indices on the BSE were Utilities up by 1.67%, Power up by 1.28%, Oil & Gas up by 0.56%, PSU up by 0.50% and Realty up by 0.39%, while IT down by 0.70%, Bankex down by 0.48%, FMCG down by 0.44%, TECK down by 0.40% and Consumer Durables down by 0.31% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 1.43%, Asian Paints up by 1.08%, Sun Pharmaceutical Industries up by 0.82%, SBI up by 0.81% and Bharti Airtel up by 0.75%. On the flip side, HCL Technologies down by 1.47%, ICICI Bank down by 1.40%, Kotak Mahindra Bank down by 1.22%, Trent down by 1.18% and Titan Company down by 1.11% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said India will not encourage or allow rerouting of domestic goods from the UAE to the US. He said that if Indian goods come to the UAE and are sent to other Asian countries or African nations, or other parts of the region, declaring that they are made in India, it will be a very welcome step. He said India will be looking at creating such pathways. 

The remarks are important as the US has imposed a steep 50 per cent tariff on Indian goods entering Washington. It is expected to impact exports of Indian goods from labour-intensive sectors such as shrimp, leather and textiles. Earlier, the commerce ministry had suggested to Indian exporters not to export their goods to the US through countries which are facing lower tariffs than India.

The US accounts for about 18 per cent of India's total goods exports and 6.22 per cent in imports, and 10.73 per cent in bilateral trade. The India-US bilateral trade in goods and services stood at $191 billion. It is planned to double it to $500 billion by 2030. Established in 2013, the task force has served as a vital platform for promoting trade and investment ties, identifying new opportunities and resolving investor issues. The free trade agreement between India and the UAE, which came into force in May 2022, has nearly doubled bilateral merchandise trade from $43.3 billion in 2020-21 to $83.7 billion in 2023-24. The UAE is the seventh largest investor in India. The country has received $24 billion in foreign direct investment from April 2000 to June 2025. 

The CNX Nifty is currently trading at 25335.25, down by 88.35 points or 0.35% after trading in a range of 25286.30 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 5.54%, Adani Ports & SEZ up by 1.36%, Shriram Finance up by 1.08%, Asian Paints up by 1.06% and Eicher Motors up by 0.97%. On the flip side, HCL Technologies down by 1.53%, ICICI Bank down by 1.39%, Kotak Mahindra Bank down by 1.20%, Nestle down by 1.17% and HDFC Bank down by 1.12% were the top losers.

Asian equity markets were trading mixed; Hang Seng advanced 7.15 points or 0.03% to 26,552.00, Straits Times rose 5.48 points or 0.13% to 4,318.10 and Jakarta Composite gained 0.83 points or 0.01% to 8,009.26, while 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, KOSPI dropped 16.06 points or 0.47% to 3,445.24 and Shanghai Composite weakened 11.57 points or 0.3% to 3,820.09.

European equity markets were trading mostly in green; France’s CAC rose 43.89 points or 0.56% to 7,898.50 and Germany’s DAX gained 28.97 points or 0.12% to 23,703.50, while UK’s FTSE 100 decreased 20.16 points or 0.22% to 9,207.95.
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