Summary of the Day's Market Performance

• Indian equity indices ended on a strong note on September 10, with the Nifty crossing the 25,000 mark. The Sensex gained 361.75 points or 0.44%, closing at 81,921.29, while the Nifty rose 104.70 points or 0.42% to end at 25,041.10.

• Broader markets also witnessed gains as the BSE Midcap index rose 0.5% and the Smallcap index surged 1.5%.

Performance of Key Sectors

• Except for Oil & Gas, all other sectoral indices ended in the green. Telecom and Media were the top performers, each gaining 2%, while sectors like Capital Goods, IT, Healthcare, and Power added 1% each.

Market Transactions:

• 📈FII Bought: 2,208.23 cr.

• 📉DII Sold: -275.37 cr.

"The markets rebounded strongly, driven by gains in telecom, media, and IT sectors. Despite some pressure on financial stocks, positive corporate developments and strategic deals in the infrastructure sector supported market sentiment."

Key Stock Movements and News

• Top Gainers: Notable gainers in the Nifty included Divis Labs, LTIMindtree, Bharti Airtel, Wipro, and HCL Tech, which all recorded impressive gains.

• Top Losers: On the flip side, HDFC Life, SBI Life Insurance, Bajaj Finserv, Bajaj Finance, and Shriram Finance were the major laggards.

• Ahluwalia Contracts: Shares rose 4% after the company secured two orders worth Rs 1,307 crore for a group housing project.

• HG Infra: Stock jumped 7% after bagging a Rs 781.1 crore project from the Ministry of Road Transport & Highways.

• Century Textile: The company made headlines with its acquisition of 10 acres of land in Mumbai for Rs 1,100 crore.

• GMR Airports Infra: GMR announced plans to acquire a 10% stake in Delhi International Airport for USD 126 million.

• Zaggle Prepaid: The company signed an agreement with HDFC ERGO General Insurance to expand its services.

• ITI Ltd: The company bagged an order worth Rs 300 crore for installing solar street light systems in Bihar.

• Tata Power’s TP Solar: TP Solar started production at its 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu.

• Axis Bank: Jefferies retained its 'buy' rating for Axis Bank with a target price of Rs 1,500, boosting investor confidence.

• Axis Bank: Jefferies retained its 'buy' rating for Axis Bank with a target price of Rs 1,500, boosting investor confidence.

"With the Nifty reclaiming the 25,000 mark and broad-based buying across sectors, the outlook for the upcoming sessions looks promising. Investors are advised to stay alert for further global cues and sector-specific movements."

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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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