Last Updated on September 16, 2025 10:32 pm by BIZNAMA NEWS
AMN / BIZ DESK
Indian equity markets witnessed a strong rally on Tuesday, driven by renewed optimism over India-US trade negotiations and expectations of a rate cut by the US Federal Reserve.
The BSE Sensex closed at 82,380.69, up 594.95 points (0.73%), while the NSE Nifty ended at 25,239.10, gaining 169.90 points (0.68%). The Sensex touched an intraday high of 82,443.48, after opening slightly higher at 81,852.11 compared to the previous close of 81,785.74.
Market experts said the uptrend was supported by value buying across sectors amid positive global cues. The resumption of trade discussions between India and the US, addressing concerns over tariffs, fueled positive sentiment. The market also anticipates a 25-basis-point rate cut by the US Federal Reserve in its upcoming policy meeting.
“Domestic equities sustained their recovery trend on the back of expectations of a 25-basis-point cut in the upcoming US Fed policy and renewed optimism around resumed India-US trade discussions,” said Vinod Nair, Head of Research, Geojit Financial Services. “Auto and consumer durable stocks led the rally, supported by festive season demand and new GST rate rollout.”
Sector-wise Performance:
- Nifty Auto surged 1.44%.
- Nifty IT rose 0.86%.
- Nifty Bank gained 0.47%.
- Nifty FMCG ended lower.
- Broader indices also closed in positive territory, with the Nifty Small Cap 100 up 0.95% and the Nifty Midcap 100 higher by 0.54%.
Top Gainers and Losers (Sensex):
- Gainers: Kotak Bank, Mahindra & Mahindra, L&T, Maruti Suzuki, Bharti Airtel, Tata Steel, Axis Bank, HCL Tech, NTPC, TCS, SBI, and PowerGrid were among the top performers.
- Losers: Bajaj Finserv and Asian Paints were among the top losers.
Meanwhile, the rupee appreciated 0.13%, trading at 88.05 against the dollar, supported by rate cut hopes and positive sentiment from trade talks.
Analysts said investor focus will remain on trade discussions, while robust domestic fundamentals and a potential revival in corporate earnings are expected to support valuations and the earnings outlook.
