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Informist, Wednesday, Sept. 10, 2025

 

By Gopika Balasubramanium

 

MUMBAI – The Nifty 50 closed higher for the sixth session in a row on Wednesday, with signs of a thaw in relations between the US and India and a likely free trade agreement between India and the European Union. The Sensex rose for third straight session. Information technology stocks were up for the second straight session but there was profit-booking in automobile stocks.

 

Mirroring US President Donald Trump's promising sentiment on India-US trade negotiations, Prime Minister Narendra Modi Wednesday said respective teams of the two countries were working to conclude the discussions at the earliest. "India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India-US partnership," Modi wrote on microblogging site X.

 

The Nifty 50 closed at 24973.10 points, up 104.50 points or 0.4%. Analysts had expected the index to move in a thin range and face strong resistance at 25000 points. The 50-stock index climbed to an intraday high of 25035.70 points for the first time in 11 days, but failed to close above the psychologically important level. Derivatives data showed traders bought call contracts at strike prices between 25000 and 25200 points, indicating further upside in the index in the upcoming sessions. At the same time, traders sold put contracts around the 25000 and higher strikes, indicating that the Nifty 50 is likely to stay above the level.  

 

The Sensex closed at 81425.15 points, up 323.83 points or 0.4%. This was ahead of the expiry of weekly contracts of the 30-stock index. Broader market indices rose more than the benchmark indices. The mid-cap indices gained more than the small-cap ones. The Nifty Midcap 50 ended 1% higher and the Nifty Smallcap 50 was up 0.8%. Among the sectoral indices, Nifty IT and Nifty PSU Bank rose the most. The Nifty Auto, on the other hand, fell, followed by Nifty Media.

 

In an attempt to keep the Indian economy from taking a steep blow from the US tariffs, the government has been trying to sign trade agreements with various other nations and blocs. One such pact was signed with the UK in July, bringing down tariffs as high as 90% on some items. After the 50% US tariff came into effect, India has been in talks for trade agreements with Qatar, Oman, Peru and the Association of South East Asian Nations. The country is currently in discussions with the European Union for a trade agreement. India and the European Union may be able to "substantially" conclude the negotiations for the proposed free trade agreement this week, Commerce and Industry Minister Piyush Goyal said Tuesday.

 

Late Tuesday, the European Union listed 102 Indian establishments for export of fishery items to EU member countries. This will increase market access for Indian seafood products like shrimps and cephalopods such as squid, cuttle fish and octopus. In reaction, shrimp exporters such as Avanti Feeds and Apex Frozen Foods rose to one-month highs on Wednesday.

 

Textile companies also saw some upside on hopes of a likely US-India trade deal, which could bring down the tariffs on Indian shipments. Welspun Living and Vardhman Textiles closed 8-10% higher. Alok Industries and Trident came off highs and closed 2-4% higher. Most of these textile makers have a high exposure to the US market.

 

Information technology stocks mirrored gains in the tech-heavy Nasdaq Composite Index, which hit a record high Tuesday. Mid-caps such as Oracle Financial Services Software, Persistent Systems, and Coforge gained 4-10%. Large-caps Tech Mahindra, Tech Mahindra, and Tata Consultancy Services closed nearly 2?ch. It is widely expected that the US Federal Open Market Committee will trim the interest rate by 25 basis points, especially after the non-farm payrolls for the August came in at 22,000 against the consensus of 75,000 additions.

 

Most automobile stocks, on the other hand, closed lower for the second straight session. They had rallied after the goods and services tax was lowered on various product categories. Mahindra & Mahindra fell for the second session, after hitting fresh record highs over the last few days. Others such as TVS Motor Co. and Maruti Suzuki India closed nearly 2% down each.

 

* Of the Nifty 50 stocks, 36 rose and 14 fell 

* Of the Sensex stocks, 19 rose and 11 fell

* On the NSE, 1,833 stocks rose, 1,209 fell, and 86 were unchanged

* On the BSE, 2,410 stocks rose, 1,717 fell, and 155 were unchanged

* Nifty IT: up 2.6%; Nifty PSU Bank: up 2.1%; Nifty Auto: down 1.3%

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BSE                                                NSE

Sensex: 81425.15, up 323.83 points or 0.4%         Nifty 50: 24973.10, up 104.50 points or 0.4%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84058.90 (Jun. 27)	: 2025 Closing High: 25637.80 (Jun. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 84099.53 (Jun. 30)	: 2025 High (intraday): 25669.35 (Jun. 30)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

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End

 

Edited by Ashish Shirke

 

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