Will Sensex and Nifty Continue to Rise as India-US Trade Talks Resume?
Click to start listening
Synopsis
The Indian stock market saw a positive start today, driven by the resumption of trade negotiations between India and the US. With the Sensex and Nifty both rising, analysts are optimistic about potential market rallies ahead. Discover the latest developments and their implications for investors in this insightful report.
Key Takeaways
- Sensex up 184 points, Nifty up 47 points.
- Brendan Lynch arrives in India for trade talks.
- Broadcap indices outperform benchmarks.
- Top gainers include Kotak Mahindra and Axis Bank.
- Market analysts predict potential rally.
Mumbai, Sep 16 (NationPress) The Indian benchmark indices commenced the trading day on a positive note on Tuesday, influenced by mixed global signals, following the arrival of US Chief Negotiator Brendan Lynch in India to continue trade discussions between the two countries.
As of 9:25 am, the Sensex increased by 184 points or 0.23%, reaching 81,970, while the Nifty rose by 47 points or 0.19%, settling at 25,117.
The broadcap indices surpassed benchmark indices, with Nifty Midcap 100 gaining 0.26%, and Nifty Smallcap 100 advancing by 0.70%.
Leading the gains on the NSE Nifty 50 index were Kotak Mahindra, Axis Bank, and Hero Motocorp. Conversely, Titan Company, SBI Life Insurance, Asian Paints, and Tata Consumer Products negatively impacted the Nifty 50 index.
Among sectoral indices, Nifty Media emerged as the top gainer, surging 1.08%. Nifty Auto (up 0.65%) and Nifty Oil and Gas (up 0.57%) were other significant gainers. All indices, with the exception of Nifty FMCG and Nifty PSU Bank, which experienced slight declines, were in the green.
Analysts indicated that a sustained move above the 25,160 level could signal a rally toward 25,250 and 25,500 zones. Immediate support levels are noted at 25,000 and 24,900.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, remarked, "The bold reforms - both fiscal and monetary - implemented this year are beginning to show positive outcomes and are expected to gain momentum in the near future. An India-US trade agreement, free of penal tariffs, could significantly boost the markets."
On the previous night, major US indices closed firmly in the green, with the Nasdaq climbing 0.94%, the S&P 500 up 0.47%, and the Dow increasing by 0.11%.
Most Asian markets saw strong gains during the morning session. While China's Shanghai index dipped 0.1% and Shenzhen fell 0.26%, Japan's Nikkei rose 0.54%, and Hong Kong's Hang Seng Index slightly increased by 0.07%. South Korea's Kospi gained 1.2%.
The US markets are anticipating a 96.4% probability of a 25-basis-point rate cut on September 17, with further cuts likely through the end of the year.
On Monday, foreign institutional investors (FIIs) offloaded equities worth Rs 1,268 crore, while domestic institutional investors (DIIs) were net purchasers of equities worth Rs 1,933 crore.
Point of View
It's essential to note the growing dynamics of India-US relations and their impact on our financial markets. The optimism surrounding the resumption of trade negotiations signals a potential boost for investors, reflecting our nation's resilience and adaptability in the global economy.
NationPress
06/11/2025
Frequently Asked Questions
What factors are influencing the rise in the Indian stock market?
The rise in the Indian stock market is primarily influenced by mixed global cues and the resumption of trade negotiations between India and the US.
Who are the major gainers in the Nifty 50 index?
The major gainers in the Nifty 50 index include Kotak Mahindra, Axis Bank, and Hero Motocorp.
What are the immediate support levels for the Nifty index?
The immediate support levels for the Nifty index are at 25,000 and 24,900.
What are analysts predicting for the Nifty index?
Analysts predict that a sustained move above the 25,160 level could lead to a rally towards 25,250 and 25,500.
How did the US markets perform recently?
Recently, major US indices closed firmly in the green, with the Nasdaq rising by 0.94%, the S&P 500 gaining 0.47%, and the Dow advancing by 0.11%.
