Market at a glance
The domestic market extended its winning streak on Friday, buoyed by optimism over softer U.S. labour data and expectations that the Federal Reserve could start cutting rates. A potential revival of U.S.–India trade talks and strong corporate action kept sentiment buoyant. Both benchmark indices closed at fresh record highs with the Nifty rising for the eighth straight session.
| Index / Benchmark | Closing level (pts) | Change |
|---|---|---|
| Nifty 50 | 25 114.00 | +108.50 (+0.43%) |
| BSE Sensex | 81 904.70 | +355.97 (+0.44%) |
| Nifty Bank | 54 809.30 | +139.70 (+0.26%) |
| Nifty IT | 36 110.75 | +0.30% |
| BSE Small-cap | 53 548.49 | +0.27% |
Sectoral moves
Gainers: Pharma, IT, auto and private financials outperformed on renewed buying interest. Nifty Oil & Gas led sectoral indices, gaining about 1.1 %. IT and auto stocks rose as investors cheered lower U.S. bond yields and domestic tax cuts.
Underperformers: Defensive pockets such as FMCG, media, PSU banks and real estate retreated mildly as traders booked profits following recent rallies.
Broader markets: Mid‑cap and small‑cap indices ended slightly higher. India VIX fell to 10.36 – its lowest since April 2024 – indicating low expected volatility.
| Statistic | Data point |
|---|---|
| Foreign institutional investors (FIIs) | Net outflow of ~₹3,472 cr (previous session) |
| Domestic institutional investors (DIIs) | Net inflow of ~₹4,046 cr (previous session) |
| Put–Call ratio (Nifty) | 1.17 – indicates bullish positioning |
| India VIX (volatility index) | 10.36, down 1.68 %, signalling complacent volatility |
| Market breadth (Nifty 50) | 32 gainers vs 18 losers |
Top Nifty‑50 gainers and losers
| Top gainers | Pct chg |
|---|---|
| Bharat Electronics | +3.71 % |
| Bajaj Finance | +3.34 % |
| Bajaj Finserv | +2.23 % |
| Hindalco Industries | +2.05 % |
| Eicher Motors | +1.73 % |
| Axis Bank | +1.58 % |
| Shriram Finance | +1.42 % |
| Maruti Suzuki | +1.27 % |
| Tata Motors | +1.26 % |
| ICICI Bank | +1.22 % |
| Top losers | Pct chg |
|---|---|
| Hindustan Unilever | –1.53 % |
| IndusInd Bank | –1.02 % |
| Bajaj Auto | –0.97 % |
| Trent | –0.81 % |
| Wipro | –0.75 % |
| Asian Paints | –0.60 % |
| Titan Co. | –0.52 % |
| Bharti Airtel | –0.49 % |
| Adani Enterprises | –0.41 % |
| ITC | –0.36 % |
What moved the market
• Rate‑cut hopes and macro backdrop: Weekly U.S. jobless claims and rising unemployment eased worries about inflation, reviving hopes of a Fed rate cut later this year. Wall Street rallied to record highs and Asian markets traded firm, offering a supportive backdrop.
• Trade optimism: Reports that the U.S. may resume negotiations on outstanding trade issues with India bolstered risk appetite.
• Corporate action: Infosys’ board approved a ₹18,000 cr share buyback at ₹1,800 per share (a ~19 % premium) and signed a 10‑year digital alliance with HanesBrands; this fuelled a 2‑plus‑percent jump in the stock. Bajaj Finance surged past ₹1,000 after its 4:1 bonus issue and 1:2 stock split, hitting a new 52‑week high. Auto shares rose after the government’s tax cut on large vehicles, and aquaculture stocks rallied on strong export demand.
• Flows and volatility: While FIIs continued to sell, DIIs more than offset the outflows. Declining volatility (VIX near 10) and a high put–call ratio signalled bullish positioning.
Global cues
• U.S. indices (Dow, S&P 500, Nasdaq) closed at fresh highs on softer labour data and hopes of early Fed easing. U.S. consumer inflation rose 0.4 % in August, slightly above forecasts, but traders focused on higher jobless claims.
• Asian markets were in the green: Nikkei up 0.5 %, Kospi up ~1 % and ASX 200 up 0.8 %. European indices also advanced as crude oil held near $82/bbl and bond yields eased.
• A strong U.S. dollar weighed on rupee; the currency traded near ₹83/$ but remained within its recent range.
Stocks to watch
Infosys: Board approved a major buyback and announced a 10‑year digital alliance; shares rallied.
State Bank of India: Regulators recommended Ravi Ranjan as new MD.
Indian Overseas Bank: Cut MCLR rates by 5 bps across select tenors effective 15 Sep.
Canara Bank: Subsidiary Canara Robeco AMC received SEBI nod to file for an IPO.
Marico: To acquire the remaining 46.02 % stake in HW Wellness (True Elements) for ₹138 cr.
Mahindra & Mahindra: Subsidiaries Mahindra Contech and PSL Media to be taken over directly.
JSW Energy: Commissioned 317 MW renewable capacity, lifting total capacity to ~13.1 GW.
GMR Power & Urban Infra: Supreme Court upheld a favourable order on coal allocation, boosting sentiment.
NBCC India: Signed a ₹3,700 cr MoU to develop a convention centre near Jaipur Airport.
Lodha Developers (Macrotech): Signed a ₹30,000 cr MoU for a data‑centre park in Palava.
Bharat Forge: Entered a UAV deployment pact with the UK’s Windracers and a UAE deal for artillery spare parts.
JBM Auto: Subsidiary JBM Ecolife secured $100 mn investment from IFC for electric buses.
RailTel: Won projects worth ₹103 cr from Panvel and Nashik civic bodies.
NLC India: Partnered with Khanij Bidesh India to explore critical mineral projects.
Urban Company: The local‑services firm’s ₹19 bn IPO closed with heavy oversubscription; listing is scheduled for 17 Sep.
Technical levels & outlook for Monday (15 Sep 2025)
• Nifty 50: The index broke out of a falling trendline and formed a bullish candle. Momentum indicators (RSI ~58, MACD bullish) suggest continued strength. Immediate support lies at 24 900–24 800; a sustained move above 25 000 can push the index toward 25 200–25 250, with an extension to 25 500 in the short term. A fall below 24 800 could trigger mild consolidation.
• Bank Nifty: Formed a bullish candle and remains above the 20‑day EMA. Support zones are 54 474–54 255 (pivot points) and 54 418–53 418 (Fibonacci retracements). Resistance levels stand near 54 745–54 965, followed by 55 500–56 000. Momentum remains positive with RSI ~47 and a bullish MACD crossover, but the index still trades below its long‑term downtrend line.
• Market tone: The overall structure remains bullish, with low volatility and strong domestic flows offering support. However, valuations are rich, and profit‑booking around 25 200–25 250 on the Nifty is possible. Investors should watch global cues (U.S. inflation and central‑bank comments) and crude‑oil trends. A positive bias with intermittent consolidation is expected for Monday’s session.
