Top Gainers & Losers on Sep 17: DCM Shriram, Elgi Equipments, Garden Reach, MCX, Apar Industries among top gainers
Published on 17/09/2025 03:54 PM
The Indian stock market closed higher during Wednesday's trading session, September 17, led by optimism over ongoing trade talks between India and the US and hopes that the US Federal Reserve will announce a rate cut later in the day, which drove the benchmark indices for the second straight day and pushed them to a three-month high.
The Nifty 50 ended the session up 0.36%, closing above the 25,300 mark at 25,330, while the S&P BSE Sensex surged 0.38% to finish at 82,693. Broader markets, however, ended mixed, with the Nifty Midcap 100 rising 0.08% and the Nifty Smallcap 100 rallying 0.70%.
Sector-wise, the Nifty PSU Bank led the gains, rising 2.61%, followed by Nifty IT and Oil & Gas, which added 0.65% and 0.86%, respectively. The Nifty Bank index also advanced 0.63%. On the losing side, Nifty Metal was the top laggard, slipping 0.50%, followed by the Nifty Consumer Durables index, which dropped 0.30%.
The trade negotiations, which resumed on Tuesday in New Delhi, are expected to take shape quickly as both nations agreed to intensify efforts to reach a mutually beneficial trade deal.
In a day-long discussions on Tuesday between the American trade team led by chief negotiator Brendan Lynch and Indian officials headed by Rajesh Agarwal, special secretary in the department of commerce, both sides agreed to move the negotiation process from where it had stalled, with the objective of quickly reaching a bilateral trade agreement (BTA).
Meanwhile, the US Federal Reserve will announce its policy decision later in the day, with the market largely anticipating a 25-basis point rate cut, and some even speculating that the bank may go for a 50-basis point cut amid a deteriorating US labor market, which in recent months has shown weakness such as a slowdown in hiring, rising unemployment claims, and an increasing unemployment rate.
(more to come)
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