Morning Market Report – 12th September 2025
Global Cues
Wall St closed at record highs as weak US jobless claims boosted Fed rate cut hopes (Sept 17).
Asia trades firm: Nikkei (+0.8%), Kospi (+0.7%), ASX200 (+0.5%).
US CPI rose 2.9% YoY, broadly in line with forecasts; 10Y yield eased to 4.02%.
Dollar index slipped to 97.57, Brent crude fell to $66.37/bbl, gold at $3,635/oz.
Rupee hit a record low of ₹88.44/$; Bitcoin rallied above $115,800.
Macro & Policy Updates
Trump invites Indian ministers for trade talks in Washington next week; US Commerce Secretary hopeful of a deal once Russian oil imports ease.
ECB kept rates unchanged, but signaled possible December cut.
GST reforms lower coal costs; DGTR proposes anti-dumping duty on glass fibre imports.
RBI bonds redeemed at 155.99% gain, exporters seek relief amid tariffs.
China considering credit support to settle $1 tn of local govt dues.
Domestic Market Setup
FIIs raised index futures longs to 10.77%, reflecting improving risk appetite.
Lower crude and softer US yields supportive; however, weak rupee could limit upside.
Strong rollovers expected into Friday’s expiry week.
Sector Themes to Watch
IT: Possible profit booking post Infosys buyback announcement.
Defense: Positive momentum from US-India talks, HAL and Bharat Forge in focus.
Solar & Renewables: Govt push for domestic solar cells, PM-KUSUM Phase 2, JSW Energy commissioning.
Capital Market: Sentiment support from Sebi not pursuing weekly expiry changes.
Export-linked: Gujarat Ambuja Exports benefits from corn-ethanol push; sugar/distilleries cautious.
Financials: Positive triggers from Canara Bank AMC filing, IREDA bond issue, strong delivery data in