Gift Nifty Trade Higher: Indian Market Set for a Positive Start on September 17

On September 17, 2025, the domestic equity benchmarks, the Sensex and Nifty 50, are expected to open on a positive note despite the cautious global sentiment ahead of the US Federal Reserve’s policy announcement.

Gift Nifty Signals Upbeat Opening

In the early trade, Gift Nifty futures were trading around 25,392, indicating a premium of approximately 61 points over the Nifty futures’ previous close. This suggests a firm start for Indian indices in today’s session.

Global Market Overview

Asian equities traded mostly lower, replicating the subdued close on Wall Street, as investors remained wary ahead of the Fed's decision, widely anticipated to include a 25-basis-point rate cut. Japan’s Nikkei 225 declined 0.45%, while the broader Topix index fell 0.65%. South Korea’s Kospi slipped 0.80%, and the Kosdaq dropped 0.78%. However, futures point to a stronger open for Hong Kong’s Hang Seng Index.

In the US, the Dow Jones Industrial Average shed 125.55 points (0.27%) to finish at 45,757.90. The S&P 500 dipped 8.52 points (0.13%) to 6,606.76, while the Nasdaq Composite edged down 14.79 points (0.07%) to close at 22,333.96.

Domestic Market Recap

Back home, the Indian stock market rallied on Tuesday, buoyed by optimism surrounding a potential India–US trade agreement and the prospect of a rate cut from the Fed. The Sensex surged 594.95 points (0.73%) to close at 82,380.69, while the Nifty 50 gained 169.90 points (0.68%) to settle at 25,239.10.

Also Read: GST Bachat Utsav: Govt Joins Hands with E-Commerce Giants to Pass on GST Savings

Progress in India–US Trade Dialogue

In a positive development on the trade front, India and the US described recent discussions between US Chief Negotiator Brendan Lynch and Indian Commerce Special Secretary Rajesh Agrawal as “constructive and forward-looking,” raising hopes for progress on a bilateral trade pact.

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