Trump’s Soft Stance, Chaos in Nepal & More2 min read
Commentary: Indian stock markets extended their winning streak to a sixth straight session on Wednesday, buoyed by optimism over a potential US-India trade deal. Sentiment improved after US President Donald Trump expressed confidence in reaching a “successful conclusion” to talks with India. Hopes of a Fed rate cut and continued FII buying further supported the rally. In the broader market, mid- and small-caps outperformed large-caps. Sector-wise, IT and PSU banks led the gains, with realty and FMCG also advancing, while autos slipped. Market volatility declined, with India VIX losing 1.5%.
Source: Moneycontrol | Trendlyne
NoteNifty50 closed at 24,973.10, up 0.42%, on Sep 10, 2025.
Source link: Chart IQ (PML)
Top 5 Gainers & Losers (Nifty50):
- Gainers: BEL (+4.3%), Wipro (+2.6%), HCL Tech (+2.5%), HDFC Life (+2.1%), Bajaj Finance (+2.0%)
- Losers: M&M (-2 4%), Maruti Suzuki (-1.6%), Bajaj Auto (-1.4%), Hero Moto (-1.3%), Tata Motors (-0.9%)
Source: Trendlyne
Indices Overview:
| Index | Close | % Change | Year High | Year Low |
|---|---|---|---|---|
| Nifty 50 | 24973.10 | 0.42 | 26277.35 | 21743.65 |
| Nifty Bank | 54536.00 | 0.59 | 57628.40 | 47702.90 |
| FinNifty | 26123.75 | 0.62 | 27369.80 | 22320.85 |
| Nifty Midcap 100 | 57999.55 | 0.93 | 60925.95 | 46865.70 |
| Nifty Smallcap 100 | 17874.60 | 0.73 | 19716.20 | 14084.30 |
Source: Trendlyne
Trending Corporate News:
- Vodafone Idea: The company filed a writ petition in the Supreme Court against the DoT’s revised calculation of AGR.
- Jio Fin: Announced a JV with Allianz Group to set up a domestic reinsurance firm, ‘Allianz Jio Reinsurance.’
- Tata Motors: JLR slashes Defender, Range Rover, and Discovery prices by up to Rs 30.4 lakh after GST rate cut.
Source: Moneycontrol, Economic Times
F&O Corner
| Index Name | Last Close | Resistance (Call – Max OI) |
Support (Put – Max OI) |
|---|---|---|---|
| Nifty 50 | 24973 | 25000 | 25000 |
| Nifty Bank | 54536 | 57000 | 54000 |
| FinNifty | 26123 | 26500 | 25500 |
| Sensex | 81425 | 83000 | 81000 |
| Bankex | 60998 | 61000 | 59000 |
Global Glance:
- India’s GDP Outlook: Fitch upgraded India’s FY26 growth forecast to 6.9% (earlier 6.5%), citing resilient demand and easier financial conditions.
- Chaos in Nepal: Protesters set SC and parliament buildings on fire, forcing China-leaning PM KP Sharma Oli to quit over the social media ban issue.
- Qatar Attacked: Israel has struck Hamas’s senior leadership headquarters in Qatar; Qatar warned Israel of retaliation.
Source:www.forexfatory.com | Reuters
IPO Corner:
Urban Company
- Industry: Home & Beauty Services,
- Opening Date: Sep 10, 2025
- Closing Date: Sep 12, 2025
- Price Band – ₹98-₹103
Dev Accelerator
- Industry: Office Space,
- Opening Date: Sep 10, 2025
- Closing Date: Sep 12, 2025
- Price Band: ₹56-₹61
Source: RHP
FAQ of the Day:Q. Define moving average indicator. Source: Investopedia |
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