On Wednesday, September 10, Indian equity benchmark indices closed in the positive territory, with Nifty 50 extending gains for the 6th straight session, while Sensex closed in green for the 3rd consecutive day.
At the closing bell, the Nifty 50 ended up by 104.50 points, or 0.42%, at 24,973.10. The Sensex edged up by 323.83 points, or 0.40%, to 81,425.15. The broad-based rally led by information technology companies on signs of progress in trade talks with the US, as well as hopes of a Fed rate cut.
U.S. President Donald Trump says his administration is continuing negotiations to address trade barriers with India.
India's Prime Minister Narendra Modi says the two countries are working to conclude the negotiations at the earliest.
IT stocks, which earn a significant share of revenue from the US, climbed 2.63%, also helped by firming US rate cut hopes at next week's meeting.
Among individual stocks, textile companies such as Welspun Living, Vardhman Textiles, Trident, KPR Mills, Arvind and Alok Industries climbed between 2% and 9% on U.S.-India trade deal hopes.
Seafood exporters Apex Frozen and Avanti Feed jumped 17.12% and 14.79%, respectively, after the EU cleared 102 additional Indian fishery establishments for exports to member countries.
On the sectoral front, 9 of the 11 key sectoral indices ended in positive territory. Meanwhile, broader indices like Nifty Midcap 100 and Smallcap 100 ended in the green.
Among individual stocks,
Nifty IT index surged by 2.63%, emerging as the top sectoral gainer, for the 2nd consecutive day. Among its constituents, Oracle Financial Services Software (OFSS) and Persistent Systems were top gainers. On the flip side, Nifty Auto declined by 1.28%, with 11 of 15 of its constituents ending in the red.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended in the green on Wednesday, September 10, outperforming the benchmark Indices. The Mid-cap 100 index ended up by 0.93%, and the Small-cap 100 index closed higher by 0.73%.
As of September 10, 2025, the market breadth was in favour of advancing stocks. Out of 3,128 stocks traded on the NSE, 1,835 advanced, 1,210 declined, and 83 remained unchanged.
A total of 67 stocks touched their 52-week highs, while 23 hit their 52-week lows. Additionally, 102 stocks were locked in their upper circuits, whereas 66 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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