In the week ended on Friday, 12 September 2025, the S&P BSE Sensex rallied 1,117.4 points or 1.38% to settle at 81,904.70. The Nifty 50 index jumped 314.15 points or 1.37% to settle at 24,114. The BSE Mid-Cap index rose 0.09% to close at 46,184.30. The BSE Small-Cap added 0.27% to end at 53,548.49.

Weekly Index Movement:

The key equity benchmarks closed with minor gains on Monday, buoyed by recent GST reforms and strong economic data. The S&P BSE Sensex added 76.54 points or 0.54% to 80,787.30. The Nifty 50 index rose 32.15 points or 0.13% to 24,773.15.

The equity benchmarks ended higher on Tuesday, driven by a rally in IT stocks after Infosys announced a share buyback proposal. The S&P BSE Sensex added 314.02 points or 0.39% to 81,101.32. The Nifty 50 index rose 95.45 points or 0.39% to 24,868.60.

Domestic equity benchmarks closed with strong gains on Wednesday, amid positive global cues. Market mood remained buoyant on hopes of thawing India-U.S. diplomatic tensions and rate-cut expectations from the U.S. Federal Reserve next week. The S&P BSE Sensex added 323.83 points or 0.40% to 81,425.15. The Nifty 50 index rose 104.50 points or 0.42% to 24,973.10.

The domestic equity benchmarks ended higher on Thursday. The S&P BSE Sensex added 123.58 points or 0.15% to 81,548.73. The Nifty 50 index rose 32.40 points or 0.13% to 25,005.50.

The key equity benchmarks ended with modest gains on Friday. The S&P BSE Sensex added 355.97 points or 0.44% to 81,904.70. The Nifty 50 index rose 108.50 points or 0.43% to 25,114.

Fitch Ratings:

Global ratings agency Fitch Ratings has revised its growth forecast for India, raising its projection for the fiscal year ending March 2026 (FY26) to 6.9%, up from the previous 6.5%.

India-US Trade Negotiations:

Prime Minister Narendra Modi on Wednesday reaffirmed India's deep ties with the United States, describing the two countries as "close friends and natural partners." Modi also expressed optimism about collaborating with Trump to secure a "brighter, more prosperous future" for the people of both nations.

His comments followed remarks by President Trump, who said that Washington and New Delhi would continue negotiations to address existing trade barriers. The statements from both leaders have lifted hopes of progress toward resolving tariff frictions and strengthening bilateral economic ties.

Stocks in Spotlight:

Infosys advanced 6.48%. The company said that its board has approved a proposal to buyback of up to Rs 18,000 crore. The buyback offer price is at 19.25% premium to the scrip’s previous closing price of Rs 1509.50 recorded on BSE yesterday. The board has approved the buyback of up to 10 crore equity shares, representing up to 2.41% of total outstanding equity shares. The buyback will be executed via the tender offer route at Rs 1,800 per share.

JBM Auto soared 14.37%. The company’s subsidiary, JBM Ecolife Mobility, secured a $100 million long-term capital investment from the International Finance Corporation (IFC). The funds will be used to deploy 1,455 modern electric buses across Maharashtra, Assam, and Gujarat under the Pradhan Mantri e-bus Sewa Scheme.

JBM said the project will help cut over 1.6 billion kg of CO₂ emissions, save 600 million liters of diesel, generate 5,500 jobs, and serve more than one billion passengers. The company has already deployed 2,500+ e-buses across 10 states and 15 airports, with an order book of 11,000 units under execution.

Jupiter Wagons rallied 3.52%. The company’s material subsidiary, Jupiter Tatravagonka Railwheel Factory, secured a significant order from the Ministry of Railways. In a regulatory filing, the company announced that it has received a letter of acceptance (LoA) from the Railway Board for the supply of 9,000 LHB axles for FIAT-IR bogies. The total value of the order is approximately Rs 113 crore.

Hero MotoCorp declined 2.36%. The company announced that it will fully pass on the benefits of the next-generation GST 2.0 reforms to customers, effective 22 September 2025.

Bajaj Auto fell 4.71%. The company announced that it will fully pass on the recent GST reduction to buyers, offering price cuts of Rs 20,000 on its two-wheelers and KTM motorcycles and up to Rs 24,000 on its three-wheeler range.

RailTel Corporation of India rallied 8.15%. The company announced that it has secured a series of significant work orders from the Bihar Education Project Council (BEPC), with a cumulative value of Rs 713.52 crore.

Regaal Resources fell 3.65%. The company reported a 1.19% decline in standalone net profit to Rs 9.06 crore, despite a 26.52% increase in net sales to Rs 246.56 crore in Q1 FY26 compared to Q1 FY25.

Morepen Laboratories rose 9.76%. The company announced that its subsidiary, Morepen Medipath, has signed a joint venture agreement with UAE-based Bimedical FZE. The proposed joint venture company, to be incorporated in India, will focus on manufacturing, trading and selling medical devices. Both partners will contribute equally to the share capital of the new entity, with Morepen Laboratories holding an indirect 30% stake through its subsidiary. The company clarified that the joint venture will be treated as a related party, but its promoters have no direct interest apart from their shareholding in Morepen Medipath.

Adani Power jumped 2.35%. The company announced the signing of a shareholders agreement (SHA) with Bhutan’s state-owned utility Druk Green Power Corp. (DGPC) for setting up a 570 MW hydroelectric project in Bhutan.

Global Market:

Europe

Euro Zone Inflation in the euro zone edged up to 2.1% in August, slightly above the European Central Bank’s 2% target, according to flash estimates from Eurostat. Core inflation—which excludes volatile food, energy, alcohol, and tobacco prices—remained steady at 2.3%, unchanged from July. Meanwhile, services inflation, a key metric for the ECB, eased slightly to 3.1% from 3.2% in the previous month.

Germany:

German inflation rose to 2.1% in August, in line with preliminary estimates, as confirmed by the Federal Statistics Office. Harmonized consumer prices, used for EU-wide comparisons, had increased 1.8% year-over-year in July.

United Kingdom:

The UK economy showed signs of a summer slowdown, with GDP growth flat in July, following a 0.4% expansion in June, according to the Office for National Statistics. This pause comes after a relatively strong first half of 2025, during which GDP grew by 0.7% in Q1 and 0.3% in Q2.

Asia-Pacific:

China:

Consumer prices in China fell 0.4% year-on-year in August, data from the National Bureau of Statistics showed. However, core CPI, which excludes volatile food and energy items, rose 0.9% year-over-year. Meanwhile, the Producer Price Index (PPI) dropped 2.9%, showing some improvement from the 3.6% decline in July.

Japan:

Japan’s economy expanded at a stronger-than-expected pace in Q2 2025. Revised data from the Cabinet Office showed annualized GDP growth of 2.2% for the April–June period, up from the initially reported 1.0%. Quarterly growth was also revised to 0.5% from 0.3%, boosted by upward revisions in private consumption and inventories.

South Korea:

The seasonally adjusted unemployment rate rose slightly to 2.6% in August, up from 2.5% in July, according to government data.

United States:

U.S. job growth slowed significantly in August, with the unemployment rate rising to 4.3%, the highest level in nearly four years. The data pointed to a softening labor market and fueled expectations of a Federal Reserve rate cut later this month.

The Consumer Price Index (CPI) rose 0.4% in August, the largest monthly increase since January, following a 0.2% rise in July, according to the Bureau of Labor Statistics. The increase was driven largely by a 0.4% rise in shelter costs, while food prices jumped 0.5%, with supermarket prices up 0.6%.

The larger-than-expected rise in CPI marked the biggest annual increase in inflation since January. The combination of rising inflation and a weakening labor market has raised concerns over potential stagflation, creating a policy dilemma for the Federal Reserve ahead of its upcoming rate decision.