# Nifty beaks below 24900, plunges for 5th straight day. It was sea of red at Dalal Street as caution continues to be the buzzword. India VIX 10.76.

NIFTY (-166, 24891)
Sensex (-556, 81160)
Bank Nifty (-145, 54976)

# The pessimism at Dalal Street revolved around 2-big headwinds:

1) Trumps’ 50% higher tariff for India.
2) Trumps’ new ‘one-time payment’ $100,000 H-1B visa fee.

# Nifty bulls must be now really praying with kneels down and hoping that the trade tensions ease…

# Our call of the day suggests Nifty and its stocks could further tumble if the Jaishankar–Rubio meeting fails to revive India–US ties!

# The need of the hour is that PM Narendra Modi and US President Donald Trump reset ties and look to boost and strengthen economies

# Going forward, all eyes will be on the US PCE price index, the Federal Reserve’s preferred inflation measure, which is due on Friday and could provide fresh insight into the Fed’s monetary policy outlook.

# Meanwhile, Indian rupee ended flat at 88.67 per dollar on Thursday versus Wednesday's close of 88.69.

# Adv-Dec 12—38
# INDIA VIX 10.78 (+2.47%)
# NIFTY PCR (30th SEP) 0.58
# USD/INR Futures (Sep) (-0.06%, 88.85

# SECTOR GAINERS:
NIFTY METAL (+0.22%)

# SECTORS LOSERS
NIFTY REALTY (-1.65%)
NIFTY IT (-1.27%)
NIFTY PHARMA (-0.92%)

# TODAY’S MARKET RE-CAP:

1) Nifty (-0.66%) witnessed massive drubbing and the negative takeaway was the benchmark ended lower for the 5th straight day.

Nifty is now below its 21 DMA (24942), 50 DMA (24876) and its 100 DMA (24930).

Nifty’s 200 DMA at 24162 mark.

2) Bank Nifty (-0.64%) too joins the conga-line of falling sectoral indices, and ends on a jittery note. Bank Nifty’s new all-time-high continues to be at 57628.40 mark

3) The market breadth (12:38) was in favour of the bears.

4) The Nifty Mid-cap (-0.76%) and Nifty Small-cap (-0.61%) indices too witnessed massive drubbing.

5) Technically, confirmation of strength only if Nifty closes above its biggest hurdles at 25251 mark.

# Bottom-line: Until Nifty 25251 mark is a hurdle, expect volatility, volatility and volatility to the preferred theme at Dalal street.

# STOCKS IN SPOTLIGHT:

1) Glenmark Pharmaceuticals (+0.36%) was in spotlight after the company announced that its arm, Glenmark Specialty, entered into an exclusive licensing agreement with Hengrui Pharma for Trastuzumab Rezetecan (SHR-A1811), a HER2-targeting antibody drug conjugate.

2) Newgen Software Technologies (+3.43%) is up and enjoying strong session after the company said that its arm signed a five-year Master Service Agreement with Tata Consultancy Services N.V., valued at €4.22 million (around Rs 44 crore).

3) Lupin (-1.4%) slipped despite the company announced that it has received tentative approval from the USFDA for Bictegravir, Emtricitabine & Tenofovir Alafenamide Tablets, used for treating human immunodeficiency virus (HIV) infection in adults.
4) Tata Motors (-2.64%) tumbled on reports said Jaguar Land Rover (JLR), its UK-based luxury car subsidiary, will keep its factories closed until October 1.

(The shutdown follows a cyberattack on 31 August 2025 that has crippled JLR's IT systems and brought production to a halt. The incident, widely believed to be a ransomware assault, has disrupted operations not only in the UK but also at facilities in China, Slovakia, Brazil and India. Losses are estimated at 50 million pounds ($68 million) a week).

5) HAL was in limelight on reports that Government has inked pact with HAL for procurement of 97 Tejas jets for IAF

The Defence Ministry on Thursday (September 25, 2025) sealed a ₹62,370 crore deal with the Hindustan Aeronautics Ltd (HAL) to procure 97 Tejas light combat aircraft for the Indian Air Force.

Deliveries will start in 2027-28, boosting Indian Air Force capability, Atmarnirbhar Bharat and India’s defence preparedness

The agreement was supported by 105 suppliers and the project will generate 11,750 jobs per year over six years, according to the Ministry.

# BULLS OF THE DAY:
BEL (+2.07%)
HEROMOTOCORP (+1.51%)
HINDALCO (+0.80%)
ONGC (+0.49%)
AXISBANK (+0.35%)

# BEARS OF THE DAY:
TRENT (-3.61%)
POWERGRID (-3.10%)
TATAMOTORS (-2.64%)
TCS (-2.55%)
ASIANPAINT (-2.17%)

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