Indian markets commenced the trading day on a subdued note, reflecting cautious sentiment among investors. The Sensex, a key benchmark index, opened at 82,249.32, marking a decline of 376.91 points, or 0.46%. Similarly, the Nifty 50, which represents the fifty largest Indian companies, started at 25,239.15, down by 87.90 points or 0.34%. The Bank Nifty also experienced a slight dip, opening at 55,429.30 with a decrease of 29.55 points, a modest 0.04% fall. In contrast, GIFT Nifty was observed trading slightly higher at 25,345.50, suggesting some divergence in early indicators.
Global Market Performance as of September 22, 2025
Globally, market performance presented a mixed picture. The U.S. indices largely showed positive momentum. The DOW 30 closed at 46,315.27, gaining 172.85 points (0.37%). The S&P 500 also zoomed upwards, adding 32.40 points (0.49%) to reach 6,664.36. Technology-heavy NASDAQ increased by a significant 160.75 points (0.72%), closing at 22,631.48. This upward trend in the U.S. indicates a generally optimistic outlook, potentially influenced by recent economic developments.
Conversely, European markets experienced slight declines. The FTSE 100 plummeted by 11.44 points (-0.12%) to settle at 9,216.67, while the DAX also saw a decrease of 35.12 points (-0.15%), ending at 23,639.41. In Asia, the NIKKEI 225 surged impressively, gaining 683.52 points (+1.52%) to trade at 45,729.33, highlighting robust performance in the Japanese market.
Commodities Update
In the commodities sector, precious metals and crude oil showed varied movements. Gold is currently trading at Rs. 110,363 per 10 grams, maintaining its value. Silver, however, experienced an upward trend, increasing by 1.73% to Rs. 132,046 per kilo. Crude Oil prices also zoomed by 0.77%, reaching 66.525, up from its previous close of 66.015, signaling a modest rise in energy costs.
Key Global Events and Updates
Several global developments are influencing market sentiments. China maintained its key lending rates, with the one-year loan prime rate at 3.0% and the five-year rate at 3.5%, a cautious move despite the U.S. Fed’s recent rate cut. This decision reflects Beijing's strategy to balance economic growth with financial stability. In political news, Donald Trump hinted at Rupert Murdoch and Lachlan Murdoch's potential involvement in a deal to keep TikTok operating in the U.S., with negotiations ongoing with Chinese leader Xi Jinping. This suggests high-level discussions surrounding the popular social media platform.
U.S. markets concluded the week on a positive note, but investor attention is now fixated on Friday’s inflation report, which will be crucial in assessing the wisdom of the Fed’s recent rate cut. Other notable global headlines include a proposed $100,000 annual fee on H-1B visas, which could significantly impact skilled immigration, and South Korea’s cautionary stance regarding risks associated with U.S. investments. Domestically, the Trump administration is reportedly preparing to link Tylenol use during pregnancy with a higher risk of autism, a contentious claim that has sparked debate among medical experts.
On the economic front, new GST reforms effective from September 22 are poised to benefit key sectors such as automobiles, consumer durables, dairy, and FMCG by making products more affordable. This timing, coinciding with the start of Navratri, is expected to boost festive demand and consumer spending, providing a strong impetus to overall economic activity. In the tech world, Meta unveiled new $799 Ray-Ban Display glasses at its Connect event. These smart glasses feature a built-in display for messages, photo previews, and real-time captions, offering a futuristic blend of style and functionality, especially when paired with a neural wristband.
Stocks to Watch
Several Indian companies are generating buzz today. Adani Green Energy is in focus after establishing two wholly owned subsidiaries, Adani Ecogen One and Adani Ecogen Two, aiming to expand its renewable energy footprint. Hindustan Copper announced the extension of its Rakha Mining lease for another 20 years, securing long-term operations. Power Grid Corp was declared the successful bidder for an "Augmentation of Transformation Capacity" project, reinforcing its leadership in power transmission. Vodafone Idea clarified its challenge against additional AGR demands before the Supreme Court, with the next hearing slated for September 26. NDTV’s board approved the acquisition of the ‘GoodTimes’ channel business for up to ₹18 crore, expanding its lifestyle entertainment portfolio.
Other notable stocks include Garden Reach Shipbuilders, which signed a $62.4 million agreement for constructing hybrid multi-purpose vessels. Swan Defence inked an MoU with Gujarat Maritime Board to invest ₹4,250 crore in maritime projects. ESAF Small Finance Bank plans to raise fresh capital and increase its authorized capital. Shipping Corp signed an MoU with BPCL, HPCL, and IOCL to jointly manage vessels, enhancing fuel transportation capabilities. Ceigall India emerged as the lowest bidder for a ₹1,700 crore solar photovoltaic project in Madhya Pradesh. Lupin’s Pune Biotech facility received four observations during a US FDA inspection. Amber Enterprises India’s subsidiary, IL JIN Electronics (India), acquired a 100% stake in Israel-based ILJIN Holding. RailTel Corporation of India secured an ₹18.06 crore order for offshore internet connectivity. PNC Infratech received a ₹495.54 crore project for a high-level bridge in Bihar. Netweb Technologies India bagged a ₹450 crore order for Tyrone AI GPU Accelerated systems. Brigade Enterprises saw a ₹126 crore investment in its Bengaluru Twin Towers. Hariom Pipe Industries signed an MoU with the Maharashtra government to establish a ₹3,135 crore integrated steel plant. Redington’s subsidiary, Arena Bilgisayar, signed an $8 million device distribution contract with Vodafone Turkey. Godrej Consumer Products infused $85 million equity into its Mauritius Africa Holdings subsidiary. HUDCO signed an MoU with NBCC (India) for multiple infrastructure projects. Finally, Oil India signed a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam to develop 1.2 GW renewable energy capacity.
Bulk and Block Deals
Significant bulk and block deals were observed across several companies. In Aarti Pharmalabs, promoter Safechem Enterprises sold 6 lakh shares, while BNP Paribas Financial Markets sold 4.59 lakh shares. Conversely, Norges Bank and Vanguard funds collectively acquired a 1.7% stake. For Landmark Cars, promoter Aryaman Sanjay Thakker sold 7 lakh shares, and New York State Teachers Retirement System offloaded 4.8 lakh shares, with Morgan Stanley Asia and Dhunseri Ventures picking up parts of these shares. Norges Bank, through the Government Pension Fund Global, made substantial purchases in Cartrade Tech (3.88 lakh shares) and Tanla Platforms (8.79 lakh shares). iShares Core MSCI Emerging Markets IMI Index ETF acquired 31.85 lakh shares in Sigachi Industries. Motilal Oswal Asset Management sold 1.68 lakh shares of Power Mech Projects. In Energy Infrastructure Trust, Rapid Holdings 2 Pte sold 16.86 crore units to 24 investors, raising ₹1,382.7 crore. Lastly, IndiGrid Infrastructure Trust saw Vanguard Group acquire over 2 crore units, while Larsen & Toubro and BNP Paribas offloaded significant units.
Brokerage Recommendations
Motilal Oswal Financial Services provided several brokerage recommendations:
- Atul Ltd: Target Price (TP) Rs 8,975 apiece, with an upside of 41.54%.
- Angel One: TP Rs 3,100 apiece, offering an upside of 37%.
- Five-Star Business Finance: TP Rs 800 apiece, indicating a potential upside of 48.75%.
- Nuvama Wealth Mgmt: TP Rs 8,750 apiece, suggesting an upside of 36.59%.
Market Calendar
- Mainboard/SME IPO Listing on September 22: TechD Cybersecurity
- Stocks Trade Ex-Date For Split & Bonus: Adani Power, Sandur Manganese & Iron Ores
- Stocks in F&O ban: HFCL, Angel One, RBL Bank
- Stocks Trade Ex-Dividend: A B Infrabuild, Accel, Ahluwalia Contracts, Archit Organosys, Asian Star Company, Aurionpro Solutions, Aveer Foods, Bajaj Holdings & Investment, Bandaram Pharma Packtech, BEML, Bengal & Assam Company, Black Rose Industries, Bondada Engineering, Bright Outdoor Media, Ceinsys Tech, Commercial Syn Bags, Cords Cable Industries, CyberTech Systems, DCW, Divyashakti, Fischer Medical Ventures, Gujarat Fluorochemicals, GEM Enviro Management, GTV Engineering, Gufic Biosciences, Gujarat Craft Industries, Gujarat Intrux, Hazoor Multi Projects, HPL Electric & Power, Josts Engineering Company, Jeena Sikho Lifecare, Lahoti Overseas, Madhuveer Com 18 Network, Maharashtra Scooters, Monte Carlo Fashions, Navneet Education, National Fertilizers, OM Infra, Paisalo Digital, Parag Milk Foods, Phoenix Township, PNC Infrattech, Radix Industries (India), Rolcon Engineering Company, Ruchira Papers, Sadhana Nitro Chem, Shalibhadra Finance, SMS Pharmaceuticals, Sudarshan Chemical Industries, Swan Corp, Tirupati Foam, Veto Switchgears and Cables, Vintage Coffee And Beverages.
