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Informist, Friday, Sept. 12, 2025

MUMBAI – Benchmark equity indices closed Friday's session higher, largely driven by gains in banks and financial services. However, shares of large-cap fast-moving consumer goods and some retailers ended lower. Market sentiment has been upbeat ever since the government announced its plans to restructure the goods and services tax to drive consumption. Both indices closed higher on all five sessions of the week. Nifty 50 crossed 25100 points Friday, mainly driven by gains in index heavyweight ICICI Bank. 

The Nifty 50 closed at 25114 points, up 108.50 points or 0.4% after moving in a thin range of about 100 points for the entire session. The index extended gains for the eighth session in a row, its longest rally since August last year. Even then, the 50-stock index is still 4.4% away from its all-time high of 26277.35 points hit in September 2024. On a week-on-week basis, the Nifty 50 gained 1.5%, its highest weekly gain since the week ended Jun. 23.  

The BSE Sensex closed at 81904.70 points, up 355.97 points or 0.4%. Broader market indices also gained Friday, with small-cap indices outperforming both the benchmark and mid-cap indices. The Nifty Smallcap 100 closed 0.6% higher.

Data released after market hours showed that India's retail inflation rose to 2.07% in August from 1.61% in July. This is the seventh consecutive month when CPI inflation is below the Reserve Bank of India's medium-term target of 4.0%. 

On the geopolitical front, media reports said that the European Union has rejected US President Donald Trump's suggestion to levy a 100% tariff on India and China as a penalty for buying oil from Russia. However, the EU has not issued any official statement on it. India is currently holding negotiations with the European Union for a free trade agreement. The two sides are expected to sign the agreement by the end of this year, granting India market access to the member countries. India is holding trade negotiations with several other countries, including the US.

In the equity market, metal stocks saw huge buying interest from investors. Nifty Metal, which closed nearly 1% higher, emerged as the top gainer among the sectoral indices. The rise was mainly due to sharp gains in Hindustan Copper, which closed nearly 13% higher on Friday. The stock closed at a three-month high after the company said it plans to invest INR 20 billion over the next five to six years. Hindustan Zinc, Vedanta, and Hindalco Industries closed 2-4% higher. 

Fast-moving consumer goods stocks were the biggest drag on the Nifty 50. Hindustan Unilever closed 1.6% lower. Other FMCG stocks such as ITC, Nestle India, and Tata Consumer Products came off intraday lows and closed slightly lower. Among the Nifty 50 constituents, Eternal closed 2% lower after reports said that Amazon Now, the quick commerce business of Amazon, has expanded to Mumbai, after Bengaluru and Delhi. "However, we believe that incumbents are better placed – creating almost an entirely new supply chain for its quick commerce business will be a challenge for Amazon, given that incumbents have an advantage of being top-of-the-mind recall apps for a large pool of customers," Emkay Global Financial Services said in a report.  

Meanwhile, defence stocks also made sharp gains. Bharat Electronics gained the most among the Nifty 50 constituents, ending the session nearly 4% higher. "The defence sector outperformed, aided by the Indian procurement authorities beginning negotiations for six next-generation conventional submarines," Vinod Nair, head of research at Geojit Investments, said. Nifty India Defence closed 4.4% higher, with Garden Reach Shipbuilders & Engineers, MTAR Technologies, and BEML gaining 9-10%. 

Among other stocks, shares of Infosys closed over 1% higher at INR 1,525.60 after rising to an over-one-month high of INR 1,542.90 intraday. The company approved a proposal for a buyback of up to 100 million shares at INR 1,800 per share. Infosys will spend up to INR 180 billion to buy back a 2.41% stake in the company.

* Of the Nifty 50 stocks, 26 rose, 21 fell, and 3 were unchanged
* Of the Nifty 50 stocks, 30 rose and 20 fell 

* Of the Sensex stocks, 17 rose and 13 fell

* On the NSE, 1,561 stocks rose, 1,483 fell, and 101 were unchanged

* On the BSE, 2,061 stocks rose, 2,082 fell, and 168 were unchanged

* Nifty Metal: up 0.9%; Nifty Financial Services: up 0.7%; Nifty FMCG: down 0.7%

BSE                                                NSE

Sensex: 81904.70, up 355.97 points or 0.4%         Nifty 50: 25114, up 108.50 points or 0.4%

End

Edited by Saji George Titus

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