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Markets maintain gain amid hopes of India-US deal
Dec-12-2025

Indian equity markets continued to trade higher in late afternoon session as investors showed optimism over India-US bilateral trade deal following discussions between Prime Minister Narendra Modi and US President Donald Trump. During the talks, both leaders reviewed the steady progress in India-U.S. bilateral relations and exchanged views on key regional and global developments. Besides, Union Commerce Minister Piyush Goyal’s optimistic comments about overcoming issues to finalise a freed trade agreement (FTA) with the European Union have supported market sentiments. Moreover, optimism about trade deals have overshadowed the concerns over declining rupee. The Indian rupee weakened and hit fresh record lows of Rs 90.56 against US dollar. 

On the global front, all Asian and European equity markets were trading higher buoyed by hopes that the U.S. Federl Reserve will deliver more interest-rate cuts in 2026.

The BSE Sensex is currently trading at 85249.87, up by 431.74 points or 0.51% after trading in a range of 84956.74 and 85310.83. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 1.02%, while Small cap index was up by 0.61%.

The top gaining sectoral indices on the BSE were Metal up by 2.57%, Basic Materials up by 1.76%, Realty up by 1.38%, Oil & Gas up by 1.04% and Telecom up by 1.00%, while FMCG down by 0.20% was the sole losing index on BSE.

The top gainers on the Sensex were Tata Steel up by 3.22%, Eternal up by 2.37%, Ultratech Cement up by 2.06%, Larsen & Toubro up by 1.82% and Adani Ports & SEZ up by 1.50%. On the flip side, Hindustan Unilever down by 1.94%, Asian Paints down by 0.80%, ITC down by 0.65%, Sun Pharmaceutical Industries down by 0.38% and Power Grid Corporation down by 0.36% were the top losers.

Meanwhile, the commerce ministry has said that India and the United States (US) have concluded two-day trade talks, during which both sides exchanged their views on a wide range of items related to India-US trade and economic ties, including the ongoing negotiations for a mutually beneficial India-US Bilateral Trade Agreement. Both sides agreed to continue the current purposeful and positive engagements.

A delegation, led by Deputy US Trade Representative (USTR) Rick Switzer, visited India from December 9, 2025- December 11, 2025, for the talks. The visit was Ambassador Switzer's first to India after assuming his current office. During the visit, Ambassador Switzer met Commerce and Industries Minister Piyush Goyal, Commerce Secretary Rajesh Agrawal, and other senior Indian officials. The visit is crucial as India and the US are working to finalise the first tranche of the pact. 

In February 2025, leaders of the two countries directed officials to negotiate an agreement, with first tranche of the pact expected to conclude by the fall of 2025. So far, six rounds of negotiations have been held. Through the trade agreement, both the countries aim to double trade from the current $191 billion to $500 billion by 2030. The US remained India's largest trading partner for the fourth consecutive year in 2024-25, with bilateral trade reaching $131.84 billion, including $86.5 billion in exports.

The CNX Nifty is currently trading at 26037.35, up by 138.80 points or 0.54% after trading in a range of 25938.45 and 26056.30. There were 36 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Hindalco up by 3.43%, Tata Steel up by 3.24%, Eternal up by 2.49%, Ultratech Cement up by 1.97% and JSW Steel up by 1.94%. On the flip side, Hindustan Unilever down by 1.87%, Asian Paints down by 0.83%, ITC down by 0.63%, Sun Pharmaceutical Industries down by 0.50% and Max Healthcare Inst down by 0.50% were the top losers.

All Asian equity markets were trading higher; Nikkei 225 surged 740.18 points or 1.45% to 50,889.00, Taiwan Weighted added 173.27 points or 0.61% to 28,198.02, Hang Seng advanced 419.49 points or 1.62% to 25,950.00, KOSPI increased 56.54 points or 1.36% to 4,167.16, Straits Times rose 60.5 points or 1.34% to 4,581.33, Shanghai Composite strengthened 16.03 points or 0.41% to 3,889.35 and Jakarta Composite gained 32.29 points or 0.37% to 8,652.77.

All European equity markets were trading higher; UK’s FTSE 100 increased 35.79 points or 0.37% to 9,738.95, France’s CAC rose 40.64 points or 0.5% to 8,126.40 and Germany’s DAX gained 90.69 points or 0.37% to 24,385.30.
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