Indian equities are likely to open on a positive note today as GIFT Nifty was trading at 25,397 in the early trade, up 0.25%. Market attention will remain on sectoral cues, with autos, metals, infra, and IT in focus, while global triggers such as crude prices, currency movement, and trade updates may guide intraday sentiment.
On September 16, Indian markets closed higher as the Sensex advanced 594.95 points (0.73%) to 82,380.69 and the Nifty 50 added 169.90 points (0.68%) to settle at 25,239.10.
Key global and domestic cues to know on September 17, 2025
Asian Markets
Asian markets slipped in early Wednesday trade, with Japan’s Nikkei 225 down 0.3% and the Topix lower by 0.65%. South Korea also saw weakness as the Kospi dropped 1.07% and the Kosdaq fell 0.78%, while Australia’s S&P/ASX 200 opened 0.34% lower.
US markets
US markets ended lower on Tuesday ahead of the Federal Reserve’s policy decision. The S&P 500 slipped 0.13% to 6,606.76 after touching a new high earlier. The Nasdaq Composite edged down 0.07% to 22,333.96, and the Dow Jones Industrial Average declined 125.55 points, or 0.27%, to 45,757.90.
Fed meeting under spotlight
The US Federal Reserve began its two-day policy meeting on Tuesday, with markets anticipating the first interest rate cut of 2025 when it concludes on Wednesday. The discussion comes against a backdrop of a cooling jobs market and heightened political pressure, as Donald Trump’s newly sworn-in aide Stephen Miran joined the board, while another governor, Lisa Cook, faces efforts from the president to remove her. Trump has also urged Chair Jerome Powell to push for deeper cuts, putting the central bank’s independence in sharper focus.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.04% up at 96.71 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.17% to close at 88.06 to the dollar on September 16.
Crude Oil
Crude oil slipped in early Wednesday trade, with WTI at $64.44 a barrel, down 0.13%, while Brent eased 0.07% to $68.42.
FII, DII data
As per provisional exchange data, on Tuesday, foreign investors purchased Indian equities worth Rs 308 crore, while domestic institutional investors added Rs 1,519 crore to their holdings.
Gold rate today
Gold prices (XAU/USD) edged higher in early Asian trade on Wednesday, hovering near $3,695. In the latest gold rate in Dubai, 24-carat gold was priced at AED 445.25 per gram, while 22-carat traded at AED 412.56 per gram and 18-carat at AED 339 per gram.
As per Goodreturns, in India, 10 grams of 24-carat gold rate today is Rs 1,11,940, while 22-carat gold costs Rs 1,02,610. For those preferring 18-carat gold, the price is Rs 83,960 for the same weight.
Top sectors in Tuesday’s trade
Several sectoral indices ended higher in today’s session, with tyres leading the gains at a little over 2%. Leather and textiles followed, each advancing around 2%, while plastics posted more modest gains of nearly 1.5%.
Best and worst performing business groups in Tuesday’s
Among business groups, Anil Ambani group, Essar Group led the gainers with a rise of 5% and 4%, followed by Jindal BC Group at 3.8%, Wadia Group at 3.71%, and GMR Group at 2%. On the downside, Mahindra Group declined 1.18%, Manipal Group lost 2.43%, and Nagarjuna Group slipped 3.49%.