Summary of the Day's Market Performance

• Indian equity markets ended higher on September 25 with Nifty crossing the 26,000 mark for the first time.

• Sensex closed up by 255 points at 85,169.87, while Nifty rose by 63 points to end at 26,004.20.

• BSE Midcap and Smallcap indices fell by 0.5%.

• Markets remained choppy throughout the day but saw a sharp rally in the final half-hour, pushing Nifty near its day’s high.

• Energy, realty, and metal stocks gained, while IT and FMCG stocks saw profit-taking.

• Mixed performance across sectors, with profit-booking seen in midcap and smallcap stocks.

Performance of Key Sectors

• Power, Metal, Media, Realty: Gained 0.5-3%.

• FMCG, PSU Bank, IT: Declined 0.5-1%.

• Midcap & Smallcap: Dropped 0.5%, showing weaker breadth.

Market Transactions:

• Foreign Institutional Investors (FII): -₹973.94 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹1,778.99 crore (Net Buyers)

DIIs remained strong buyers, balancing out FII outflows.

• Volatile Session: Despite early weakness, markets managed a sharp rally towards the end, with Nifty crossing 26,000 for the first time.

• Global Factors: Positive global cues from the Chinese stimulus and central banks' dovish stance helped lift the market.

• Profit-Taking: Midcap and smallcap stocks faced pressure due to profit-booking.

• India's Position: India became the third most powerful nation in Asia, overtaking Japan in the Asia Power Index.

• Economic Outlook: The Asian Development Bank (ADB) retained India’s FY25 growth forecast at 7%.

India is now the third most powerful nation in Asia, surpassing Japan in the latest Asia Power Index!

Key Stock Movements and News

• Top Gainers: Power Grid Corp, NTPC, Axis Bank, Grasim Industries, Bajaj Finserv.

• Top Losers: LTIMindtree, Tech Mahindra, Tata Consumer, Tata Motors, Titan Company.

• Coromandel International acquires a stake in Baobab Mining and Chemicals Corporation.

• Max Estates secures ₹391 crore from New York Life Investment Company.

• Zee Media Corporation shares surged 13% ahead of a board meeting.

• Delta Corp board approves the demerger of its hospitality and real estate businesses.

• Waaree Energies is likely to launch its IPO in mid-October.

• Airtel launches India’s first AI-powered network solution for spam detection.

• Motilal Oswal maintains a 'buy' rating on Piramal Pharma, with a target price of ₹260.

• Max Estates: Fresh funding secured, boosting real estate projects.

• Delta Corp: Restructuring through the demerger could unlock value.

• Zee Media Corporation: Positive momentum ahead of the board meeting.

• Coromandel International: Strategic acquisition to drive future growth.

Indian markets continued their upward trend with Nifty crossing the 26,000 mark for the first time. Gains in power, metal, and realty stocks offset losses in IT and FMCG. Though midcap and smallcap stocks faced profit-taking, strong FII inflows, and positive global cues maintained market momentum.

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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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