The Indian stock market ended higher on Wednesday (September 10), buoyed by expectations that an India-US trade deal could be finalised soon after US President Donald Trump’s update about the ongoing negotiations.
Positive global cues and buying in banking and IT heavyweights also kept the market up.
The Sensex closed 324 points, or 0.40 per cent, higher at 81,425.15, while the Nifty 50 ended the day at 24,973.10, up 105 points, or 0.42 per cent. The midcap and smallcap segments outperformed. The BSE Midcap index rose by 0.84 per cent, and the Smallcap index climbed 0.72 per cent.
Investors’ wealth rose by over ₹2 lakh crore as the overall market capitalisation of BSE-listed firms rose to over ₹456 lakh crore from ₹453.8 lakh crore in the previous session.
Indian stock market: 10 key highlights from the day
1. Why did the Indian stock market rise today?
Trump’s latest update on India-US trade negotiations infused positive sentiment in the market. Trump said on Tuesday that India and the US are continuing negotiations to address the trade barriers between the two countries.
US tariffs have been one of the key headwinds weighing on domestic market sentiment. A trade deal with the US will be a major positive for the market, which is anticipating earnings revival due to the recent reforms and monetary easing.
“Renewed optimism around ongoing trade negotiations between India and the US lifted market sentiment. Anticipation of stronger H2FY26 earnings, driven by GST rationalisation and the benefits of monetary easing, is providing resilience to valuations,” Vinod Nair, Head of Research, Geojit Investments Limited, observed.
“The IT index extended its outperformance on hopes of a potential Fed rate cut next week and a revival in technology spending. Investors remain focused on the progress of India–US trade talks for signals of a constructive resolution to tariff-related issues,” Nair said.
2. Top gainers in the Nifty 50 index today
As many as 35 stocks ended higher in the Nifty 50 index. Shares of Bharat Electronics (BEL) (up 4.58 per cent), Wipro (up 2.63 per cent), and HCL Technologies (up 2.60 per cent) ended as the top gainers in the index.
3. Top losers in the Nifty 50 index
Shares of Mahindra & Mahindra (down 2.36 per cent), Bajaj Auto (down 1.60 per cent), and Maruti Suzuki India (down 1.50 per cent) ended as the top losers in the index.
4. Sectoral indices today
Barring Nifty Auto (down 1.28 per cent), Media (down 0.64 per cent) and Consumer Durables (down 0.30 per cent), all sectoral indices ended higher.
Nifty IT jumped 2.63 per cent, followed by PSU Bank (up 2.09 per cent), and Realty (up 1.13 per cent) indices.
Nifty Bank and Financial Services indices rose by about 0.60 per cent each.
5. Most active stocks in terms of volume
Vodafone Idea (82.8 crore shares), YES BANK (13.2 crore shares), and Salasar Techno Engineering (6.8 crore shares) were the most active stocks in terms of volume on the NSE.
6. Over 10 stocks jump over 15% on BSE
Some 12 stocks, including Coastal Corporation, Smruthi Organics, Prithvi Exchange, Indo Count Industries, and Faze Three, jumped over 15 per cent on the BSE.
7. Advance-decline ratio
Out of 4,282 stocks traded on the BSE, 2,409 advanced, while 1,717 declined. Some 156 stocks remained unchanged.
8. 118 stocks hit 52-week highs
Maruti Suzuki India, JSW Steel, Eicher Motors, and Cummins India were among the 118 stocks that hit their 52-week highs in intraday trade on the BSE.
9. 53 stocks hit 52-week lows
Affordable Robotic & Automation, DIC India, and Groww BSE Power ETF were among the 53 stocks that hit their 52-week lows on the BSE.
10. Nifty 50 technical outlook
According to Shrikant Chouhan, the head of equity research at Kotak Securities, the Nifty ended above the 50-day SMA (simple moving average) after a long time, which is largely a positive sign.
Chouhan believes that the 50-day SMA or 24,920 and the 24,800 will act as key support zones for traders.
“As long as the market trades above these levels, the bullish sentiment is likely to continue. On the higher side, the index could move up to 25,100–25,200. On the flip side, if the market falls below 24,800, traders may consider exiting their long positions,” said Chouhan.
Nilesh Jain, head technical and derivatives research analyst at Centrum Broking, pointed out that the Nifty 50 formed a doji candle on the daily chart, reflecting indecision among market participants.
“The index has moved above its 50 DMA and is now trading above all key short-term and long-term moving averages. Momentum indicators and oscillators have also given a bullish crossover on the daily chart, signalling positive sentiment. Going forward, the Nifty could gradually move towards the 25,200–25,500 range, with immediate support placed around the 24,800 level,” said Jain.
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
