Market Wrap

Indian equities extended gains on September 18, 2025, with the Nifty 50 rising 0.36% and decisively crossing the 25,300 mark. The session opened gap-up, backed by the previous day’s breakout, though choppy intraday action kept traders cautious before late buying lifted the index. PSU banks outperformed, lending strong sectoral support to the broader market. FIIs engaged in short covering, helping sustain momentum, while heavy call writing at higher levels indicated option sellers were caught on the wrong foot. Globally, markets traded cautiously ahead of the U.S. Federal Reserve policy outcome. Wall Street managed modest gains, while Asian and European peers remained largely flat. On the domestic front, optimism was also buoyed by constructive U.S.-India dialogue and symbolic diplomatic goodwill as President Trump extended greetings to PM Modi on his 75th birthday.

What's Ahead

With Nifty now comfortably above the 25,200–25,300 zone, the index has established fresh near-term support at 25,280, 25,200, and 25,150. On the upside, resistance levels are placed at 25,360, 25,440, and 25,520. The U.S. Fed decision will be the key near-term trigger, with Jerome Powell’s commentary on inflation and growth shaping global sentiment. A dovish stance could extend the rally in Indian equities, while a hawkish surprise may prompt profit-booking near resistance levels.

Market Snapshots

Institiutional Activity

Sectoral Performance

Technical Outlook

Nifty 50

The Nifty 50 gained 91 points to close at 25,330.25, extending its rally to a three-month high. The session remained rangebound with just 71 points of movement, but strong buying in Tata Consumer Products, SBI, and Kotak Bank kept the index steady. Market breadth was positive with 34 advances against 16 declines, though selling pressure in ITC and life insurers capped broader gains. The index is now trading near its upper band with RSI close to 70, flashing overbought signals and suggesting caution after the recent run-up. Immediate support lies at 25,108 and 24,970, while resistance is seen at 25,553 and 25,690.

Bank Nifty

The Bank Nifty surged 346 points to end at 55,493.3, supported by strong gains in PSU banks, with PNB and SBI leading the charge. Private players like Kotak and Federal Bank added further strength, even as heavyweights HDFC Bank and ICICI Bank closed flat to slightly negative. The index maintained a steady upward bias after a subdued start, ending near the day’s high with RSI approaching 60, indicating improving momentum. Strong support levels are placed at 55,026 and 54,737, while resistance stands at 55,960 and 56,249.

Sensex

The Sensex advanced 313 points to settle at 82,693.71, powered by strength in banking and auto names. Gains in SBI, Maruti Suzuki, and Kotak Mahindra Bank provided leadership, while IT majors like TCS and Infosys added stability. Despite a minor dip in HDFC Bank, overall sentiment stayed positive with 20 of 30 constituents closing in the green. The index has built a base above 82,000, with near-term support at 81,986 and 81,548, while resistance levels are placed at 83,402 and 83,839.

FINNIFTY

The Fin Nifty added 68 points to finish at 26,563.55, marking a steady day for the financial pack. SBI and Kotak Bank were the star performers, while HDFC Life and SBI Life dragged on the index. Heavyweight HDFC Bank’s muted trade also limited upside momentum. The index breadth was narrowly positive, with 11 advances versus 9 declines, reflecting cautious optimism. Near-term support is seen at 26,380 and 26,210, while resistance lies at 26,740 and 26,910.