The domestic equity benchmarks saw significant gains this week, with declines occurring only on Monday and Friday, while the other three days closed in positive territory. The market was buoyed by optimism around India-U.S. trade talks and the U.S. Federal Reserve’s 0.25% interest rate cut. Investor confidence was also supported by recent GST reforms and India’s return to positive wholesale inflation, which eased deflation concerns.
In the week ended on Friday, 19 September 2025, the S&P BSE Sensex jumped 721.53 points or 0.88% to settle at 82,626.23. The Nifty 50 index advanced 213.05 points or 0.85% to settle at 25,327.05. The BSE Mid-Cap index added 1.47% to close at 46,867.33. The BSE Small-Cap index gained 2% to end at 54,622.04.
Weekly Index Movement:
The domestic equity benchmarks ended lower on Monday, with the Nifty 50 breaking an eight-session winning streak. The S&P BSE Sensex declined 118.96 points or 0.15% to 81,785.74. The Nifty 50 index shed 44.80 points or 0.18% to 25,069.20. In the past eight sessions, the 50 unit index climbed 2.17%.
The headline equity benchmarks rallied on Tuesday as optimism grew over India-US trade talks and expectations of a US Federal Reserve rate cut. The S&P BSE Sensex rallied 594.95 points or 0.73% to 82,380.69. The Nifty 50 index added 169.90 points or 0.68% to 25,239.10.
The domestic equity benchmarks extended gains for a second straight session on Wednesday, lifted by optimism around India-U.S. trade talks and hopes of a U.S. Federal Reserve rate cut later in the day. The S&P BSE Sensex rallied 313.02 points or 0.38% to 82,693.71. The Nifty 50 index added 91.15 points or 0.36% to 25,330.25. Over the last two trading sessions, the Sensex has gained 1.11% and the Nifty has added 1.04%.
The key equity benchmarks ended higher on Thursday, rising for a third consecutive session after the U.S. Federal Reserve cut interest rates by 0.25% to support its labour market. Investor sentiment was further aided by recent goods and services tax reforms and progress in trade negotiations between India and the U.S.
The domestic equity benchmarks ended with moderate losses today, halting a three-day rally led by optimism over potential U.S. Fed rate cuts and progress in trade talks between New Delhi and Washington. The barometer index, the S&P BSE Sensex tanked 387.73 points or 0.47% to 82,626.23. The Nifty 50 index fell 96.55 points or 0.38% to 25,327.05.
Economy:
India's inflation based on Wholesale Price Index (WPI) index rose to 0.52% in August 2025, marking a return to positive territory after two consecutive months of deflation.
In July, wholesale inflation had dropped to a two-year low of -0.58%, while in June, it stood at -0.13%, the lowest in 20 months.
The government attributed the positive WPI inflation in August to rising prices in several categories, including food products, non-food articles, other manufacturing items, non-metallic mineral products, and transport equipment, among others.
Meanwhile, India's merchandise trade deficit narrowed to $26.49 billion in August from $27.35 billion in July. Exports in August decreased to $35.1 billion from $37.24 billion in July, while imports dipped to $61.59 billion from $64.59 billion in the previous month.
Stocks in Spotlight:
State Bank of India jumped 4.73%. The bank said it has completed the divestment of a 13.18% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of about Rs 8,889 crore. This transaction involved the sale of 413.44 crore equity shares at Rs 21.50 per share.
Larsen & Toubro (L&T) advanced 2.68%. The company’s Heavy Civil Infrastructure (HCI) business vertical received a significant order from Nuclear Power Corporation of India (NPCIL) for Nuclear Power Project in Tamil Nadu.
Meanwhile, Larsen & Toubro (L&T) announced that its construction equipment & industrial products design & development (CE & IPDD) vertical has secured significant orders across multiple business segments it serves.
Multi Commodity Exchange of India (MCX) rallied 3.87%. The reports said SEBI chairman Tuhin Kanta Pandey outlined new reform measures for the commodity derivatives market. Speaking at an event hosted by MCX, Pandey reportedly said strengthening the commodity market is a key priority. He added that SEBI is in talks with the government to permit banks, insurers and pension funds to trade in commodities, a move that could expand institutional participation and improve liquidity.
One MobiKwik Systems declined 1.21%. The company disclosed an incident of unauthorized settlements claimed by certain registered merchants and users in collusion from limited locations in Haryana. In a regulatory filing, One MobiKwik Systems said the fraud occurred between September 11 and 12, 2025, and involved claims of around Rs 40 crore. Of this, the company has already recovered about Rs 14 crore, bringing the estimated net impact to Rs 26 crore.
Vodafone Idea surged 9.64%. The media reports said the Supreme Court has fixed a tentative hearing for 19 September 2025. The case relates to the telco’s petition against the Department of Telecom’s (DoT) demand for Rs 9,450 crore in additional Adjusted Gross Revenue (AGR) dues.
Redington soared 22.82%. As excitement built ahead of Apple’s iPhone 17 launch. Pre-orders for the device are already underway, with official sales slated to begin on 19 September 2025. The rally reflects Redington's pivotal role in Apple’s supply chain, handling logistics, warehousing, and distribution of iPhones and other tech products across India, the Middle East, Turkey, Africa, and South Asia.
Poonawalla Fincorp jumped 13.91%. The company said its board approved the allotment of 3.31 crore equity shares worth nearly Rs 1,500 crore to promoter entity Rising Sun Holdings. The shares have been issued at Rs 452.51 per share, including a premium of Rs 450.51, under the preferential issue route.
Texmaco Rail & Engineering rose 1.26%. The company announced that it has received a purchase order worth Rs 86.85 crore from Ultratech Cement for the supply of BCFC wagons along with a brake van.
Ramky Infrastructure gained 6.14%. The company said that its subsidiary, Mallannasagar Water Supply has executed a concessionaire agreement with Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), Hyderabad under hybrid annuity mode (HAM).
Global Markets:
South Korea’s Kospi index rose in early trade to a record high on Monday after Finance Minister Koo Yun-cheol said that the government will scrap its previous plan to raise taxes on stock investments.
In China, retail sales last month rose 3.4% from a year earlier, data from the National Bureau of Statistics showed Monday, slowing from July’s 3.7% growth. As per reports, the industrial output growth slowed to 5.2% in August, compared to the 5.7% jump in July, marking its weakest level since August 2024.
Fixed-asset investment, reported on a year-to-date basis, expanded just 0.5%, a sharp slowdown from the 1.6% expansion in the January to July period. Within that segment, the contraction in real estate investment worsened, slumping 12.9% in the first eight months, government data reportedly showed.
China's central bank left a key interest rate unchanged on Thursday, as authorities appear in no rush to ease monetary settings. Resilient exports and a sharp stock market rally have allowed policymakers to withhold fresh stimulus even with a broader economic slowdown, media reports stated.
Japan’s exports dropped 0.1% year on year in August, government data showed. The latest reading compares with the 2.6% decline in exports in the previous month.
The Bank of Japan kept its policy rate steady at 0.5%. Japan’s core inflation rate fell to its lowest since November 2024, coming in at 2.7% for August and marking a third straight month of decline, according to government data. Headline inflation in the country also dropped to 2.7%, coming down from 3.1% in July and marking a fresh low since November 2024.
Singapore's non-oil domestic exports plunged 11.3% in August year over year, according to government data Wednesday. It followed a revised 4.7% decline in July. The latest reading was dragged down by falling demand in specialised machinery, food preparations and petrochemicals.
The latest U.K. inflation data, which showed annual price growth holding steady at 3.8% in August.
The Bank of England kept its key interest rate at 4% Thursday, as elevated UK inflation offsets the country's stagnant economic growth. The decision widely expected by markets followed a regular policy meeting and came one day after the US Federal Reserve cut its benchmark borrowing costs for the first time in 2025.
The U.S. Federal Reserve cut its interest rate by 25 basis points, bringing the target range to 4%–4.25%. Fed Chair Jerome Powell described the decision as a "risk management cut" rather than a response to underlying economic weakness. The central bank also signalled two more rate cuts in 2025, one in 2026, another in 2027, and no cuts in 2028.