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2025-09-18 19:18:18
Indian Stocks Close Higher for the Third Consecutive Day: ⑴ On Thursday, India's BSE Sensex index closed up 0.4% at 83,014 points, reaching its highest level since July 10th and marking its third consecutive day of gains. The gains were primarily driven by the IT and pharmaceutical sectors, the Federal Reserve's resumption of easing and signaling of further interest rate cuts, and positive progress in US-India trade negotiations. ⑵ In the pharmaceutical sector, favorable regulatory measures by the US Food and Drug Administration for Indian companies including Biocon and Natco Pharma further boosted the sector's performance. ⑶ In the trade sector, India's Chief Economic Advisor, Nageswaran, stated that the United States may remove its 25% punitive tariffs on Indian goods by November 30th and reduce the corresponding tariffs to 10%-15%, potentially benefiting approximately $50 billion in exports. ⑷ In terms of individual stock performance, Eternal, Sun Pharma, Infosys, HDFC Bank, and Power Grid saw the highest gains of 2.9%, while Bajaj Finance, Trent, Tata Motors, UltraTech Cement, and Asian Paints saw declines of up to 1%.
