The Indian stock market continued its positive momentum on Wednesday, September 10, 2025, buoyed by renewed optimism surrounding India-US trade negotiations and positive global cues. Both the NSE Nifty 50 and the BSE Sensex closed higher for the sixth consecutive session, reflecting sustained investor confidence.

Market Performance:

• The NSE Nifty 50 settled 0.42% higher at 24,973.10.
• The BSE Sensex closed 0.4% up at 81,425.15.
• Mid- and small-cap indices also saw gains of 0.73-0.93%.

Key Market Drivers:

• India-US Trade Deal Optimism: Positive signals from US President Trump and Prime Minister Modi regarding ongoing trade negotiations have boosted market sentiment. Trump expressed confidence in reaching a successful conclusion to discussions with Modi, potentially leading to the abolishment of tariffs on Indian exports to the US. Economists have welcomed these signs of progress, anticipating tariff relief and a stronger bilateral relationship.
• Hopes of US Fed Rate Cut: Expectations of a potential US Federal Reserve rate cut have further fueled optimism, particularly in the IT sector. A cooler-than-expected inflation data kept the U.S. Federal Reserve on track to cut borrowing costs this year.
• Stronger H2FY26 Earnings Anticipation: Anticipation of stronger earnings in the second half of fiscal year 2026, driven by GST rationalization and the benefits of monetary easing, is providing resilience to valuations.

Nifty 50 Technical Outlook:

• The underlying trend of Nifty remains positive with choppy movement.
• Important resistance zone for the benchmark Nifty index is around 24900-25000 levels.
• Immediate support is placed at 24750.
• Nifty's immediate resistance levels are R1 (24,886), R2 (24,982), and R3 (25,086), while immediate support levels are S1 (24,814), S2 (24,765), and S3 (24,701).
• Going forward, the Nifty could gradually move towards the 25,200–25,500 range, with immediate support placed around the 24,800 level.

Stocks to Watch:

Market experts have recommended several stocks for potential buying or selling on Thursday. These include:

• Stocks to Buy: Waaree Energies Ltd, Indraprastha Medical Corporation Ltd, ITC Ltd, Asian Paints Ltd, PNB Housing Finance Ltd, Bharat Electronics Ltd, Adani Green Energy Ltd, and Apollo Micro Systems Ltd.
• Other Stocks in Focus: HAL, NLC India.

Global Market Overview:

• Global stocks have rebounded to all-time highs as of mid-June, driven by a more sanguine view of the global economy.
• US stocks rose to fresh records on Wednesday, supported by cooler inflation data and a strong Oracle forecast.
• The S&P 500 and the Nasdaq 100 finished slightly higher, both closing at records highs.
• The Dow dropped 213 points on weakness in Apple.
• August's Producer Price Index fell 0.1% versus expectations for a 0.3% gain.

India-US Trade Deal Details

Negotiations between India and the U.S. began in February 2025, with the goal of expanding bilateral trade from $200 billion to $500 billion by 2030. While economists are optimistic, some experts suggest India should remain cautious and formally challenge existing tariffs in the US Supreme Court to protect its interests.

Overall Market Sentiment:

The Indian stock market exhibits a cautiously optimistic sentiment, driven by positive global cues, renewed hopes for the India-US trade deal, and expectations of a US Federal Reserve rate cut. While some sectors face selling pressure, overall market confidence is improving, with investors focusing on sectors with strong fundamentals.