Stock Market Updates: Sensex Gains 100 Points, Nifty Tests 25,100; Godfrey Phillips Rises 3%

Sensex Today: Indian equities opened higher on Tuesday as investors awaited the outcome of the US Federal Reserve’s monetary policy meeting, scheduled for Wednesday (September 17).

Back home, markets will also keep an eye on talks between chief negotiators from India and the US, who are expected to meet today for stock-taking discussions on the proposed bilateral trade agreement (BTA).

At the opening bell, the BSE Sensex was trading at 81,895, up 109 points or 0.13 per cent, while the NSE Nifty50 edged higher by 24 points or 0.10 per cent to 25,092.

In the broader market, the Nifty MidCap index was flat, while the Nifty SmallCap index inched up 0.09 per cent.

Sector-wise, Nifty Auto emerged as the top gainer, rising 0.5 per cent, whereas Nifty PSU

Bank was the worst performer, slipping 0.07 per cent.

Global Cues

Globally, Asian markets were buoyant, with Japan’s Nikkei crossing the 45,000 mark for the first time on Monday after US President Donald Trump said trade negotiations with China in Spain were making progress. The talks coincided with a ‘framework’ deal on the divestment of Chinese-owned TikTok, announced in Madrid by US Treasury Secretary Scott Bessent, who said the commercial terms had already been finalised.

Trump and Chinese President Xi Jinping are scheduled to review the agreement on Friday. The Topix index rose 0.36 per cent to a record high, South Korea’s Kospi gained 0.82 per cent, and Australia’s ASX 200 advanced 0.23 per cent.

On Wall Street, US stocks closed higher ahead of this week’s Federal Reserve policy meeting. The S&P 500 climbed 0.5 per cent to finish above 6,600 for the first time at 6,615.28. The Nasdaq Composite advanced 0.9 per cent to a record 22,348.75, while the Dow Jones Industrial Average added 49.23 points, or 0.1 per cent, to end at 45,883.45.