Here's a look at seven key factors that have influenced the Indian stock market recently:
1. GIFT Nifty Signals Positive Start:
On September 18, 2025, GIFT Nifty was trading near 25,497, around 74 points higher than the previous Nifty futures close, hinting at a positive opening for the Indian markets. However, on September 19, 2025, GIFT Nifty was trading near 25,472, around 39 points lower than the previous Nifty futures close, hinting at a potentially negative start for Indian markets.
2. Mixed Cues from Wall Street:
Overnight on September 18, 2025, US equities closed mixed after the Federal Reserve delivered an expected 25-bps rate cut. The Dow Jones Industrial Average gained 260.42 points (0.57%) to close at 46,018.32. The S&P 500 was down by 6.41 points (0.1%), ending at 6,600.35. The Nasdaq Composite was trading lower by 72.63 points (0.32%), finishing at 22,261.33. On September 19, 2025, US stock market indexes closed at record highs on Thursday, a day after the Federal Reserve delivered a 25-basis-point interest rate cut. The Dow Jones Industrial Average gained by 124.10 points (0.27%) to close at 46,142.42. S&P 500 up by 31.61 points (0.48%), ending at 6,631.96. The Nasdaq Composite was trading higher by 209.40 points (0.94%), finishing at 22,470.73.
3. US Federal Reserve Rate Cut:
The US Federal Reserve's decision to cut benchmark interest rates by 25 bps, as expected, has had a positive impact. They also signaled the possibility of two more rate cuts this year.
4. India-US Trade Talk Developments:
Sentiment strengthened after India and the US resumed trade talks. India's Chief Economic Adviser (CEA) V. Anantha Nageswaran anticipates a resolution to the tariff dispute with the US within two months. He also suggested that Washington might roll back the additional 25% tariff imposed on New Delhi for purchasing Russian oil.
5. SEBI's Ruling on Adani Group:
SEBI has cleared Gautam Adani and his group of stock manipulation charges that were raised by Hindenburg Research, a US short-seller. The ruling stated that fund transfers between group companies did not violate regulations.
6. H-1B Visa Fee Hike Impact:
On September 22, 2025, Indian equity benchmark indices, Nifty50 and BSE Sensex, were negatively affected by IT stocks, which plunged following US President Donald Trump's announcement to increase H-1B visa fees to $100,000 per worker. A White House official clarified that the $100,000 H-1B visa fee would apply only to new applicants.
7. Key Index Movements:
