On Tuesday, September 23, equity benchmark indices Sensex and Nifty 50 are expected to open on a cautious note amid persisting worries over US tariffs and new visa policies. At 7:11 AM, the GIFT Nifty was trading near 25,263, down by 25 points.
External Affairs Minister Dr. S. Jaishankar met US Secretary of State Marco Rubio on the sidelines of the 80th UN General Assembly (UNGA) session. Rubio underlined Washington’s partnership with New Delhi and said the two countries would “continue working together to promote a free and open Indo-Pacific region, including through the Quad.”
India’s eight core infrastructure industries recorded a 13-month peak growth of 6.3% in August 2025. In comparison, output growth stood at 3.7% in July and had contracted by 1.5% in August a year earlier.
In early deals, Asian peers traded on a mixed note, while the US stock market rallied overnight, with all three Wall Street indices posting record closing highs.
On Monday, September 22, Foreign Institutional Investors (FIIs) were net sellers. FIIs sold equities worth ₹2,910.09 crore.
Domestic Institutional Investors (DIIs) were buyers on Monday. They bought shares worth ₹2,582.63 crore on the same day. DIIs have been net buyers for the past 20 consecutive trading sessions.
On Monday, the benchmark indices Sensex and Nifty 50 extended their losses, dragged down mainly by weakness in IT counters after US President Donald Trump’s move to raise H-1B visa fees to USD 100,000 per worker. Adding to the pressure, heavy selling in Reliance Industries further weighed on the market.
This marked the second straight session of decline, with the 30-share BSE Sensex slipping 466.26 points, or 0.56%, to close at 82,159.97. During the day, the index had dropped as much as 628.94 points, or 0.76%, hitting an intraday low of 81,997.29.
US equities extended their winning streak on Monday, with all three key indexes closing at fresh record highs for the third straight session.
The Dow Jones Industrial Average rose 66.27 points, or 0.14%, to finish at 46,381.54. The S&P 500 advanced 29.39 points, or 0.44%, to 6,693.75, while the Nasdaq Composite climbed 157.50 points, or 0.70%, to settle at 22,788.98.
Meanwhile, Federal Reserve officials voiced caution over the necessity of further interest rate cuts. This comes just a week after the Fed lowered rates for the first time since December and signalled the possibility of more reductions ahead.
Gold remained steady in early Asian trading, supported by expectations of further U.S. Federal Reserve rate cuts. Market focus is on Fed Chair Jerome Powell, who is set to speak on the US economy later today. The yellow metal touched another all-time high overnight, extending gains. Spot gold was flat at $3,747.22 per ounce, while on Monday, MCX gold futures climbed 2.17% to a fresh record all-time high of ₹1,12,295 per 10 grams.
WTI crude oil futures traded around $62.2 per barrel and Brent crude oil futures traded around $66.5 per barrel on Tuesday after a four-session slide as traders balanced concerns over a supply glut against ongoing risks tied to Russian oil.
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