Latest after the Bell @ 4:00 PM – Tuesday, September 23rd 2025

# Nifty ends lower for 3rd straight session as caution prevails. India VIX 10.62.

NIFTY (-33, 25170)
Sensex (-58, 81102)
Bank Nifty (+225, 55510)

# The trading theme at Dalal Street revolved around:

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

# All eyes on Commerce and Industry Minister Piyush Goyal who will lead an official delegation to discuss the trade deal, while External Affairs Minister S Jaishankar will meet US Secretary of State Marco Rubio for bilateral discussions.

# 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, the S&P Global retains India's GDP forecast at 6.5%, revises inflation downward.

# Adv-Dec 22—28
# INDIA VIX 10.62 (+0.57%)
# NIFTY PCR (30th SEP) 0.86
# USD/INR Futures (Sep) (+0.53%, 88.77)

# SECTOR GAINERS:
NIFTY PSUBANKS (+1.09%)
NIFTY METAL (+1.00%)
NIFTY AUTO (+0.62%)

# SECTORS LOSERS
NIFTY FMCG (-1.29%)
NIFTY REALTY (-0.89%)
NIFTY IT (-0.71%)

# TODAY’S MARKET RE-CAP:

1) Nifty (-0.13%) witnessed a choppy up-and-down session and the negative takeaway was the benchmark ended lower for the 3rd straight day.

Nifty is above its 21 DMA (24929), 50 DMA (24883) and its 100 DMA (24919).

2) Bank Nifty (+0.41%) gains, and snaps its 2-days losing streak. Bank Nifty’s new all-time-high continues to be at 57628.40 mark

3) The market breadth (22:28) was in favour of the bears.

4) The Nifty Mid-cap (-0.06%) and Nifty Small-cap (-0.53%) indices witnessed uninspiring session.

5) Technically, confirmation of strength only if Nifty closes above its biggest hurdles at 25466 mark.

Until Nifty 25466 mark is a hurdle, expect volatility, volatility and volatility to the preferred theme at Dalal street.

# Bottom-line: Nifty’s bull case can get louder ONLY above the 25466 mark.

# STOCKS IN SPOTLIGHT:

1) The positive takeaway from today’s trading session is that Nifty Auto index (+0.62%) scaled fresh all-time-high on backdrop of most of the auto stocks being in the fast lane on festive demand.

Maruti (+1.69%) in top gear as it hits 52-week high.

2) The Nifty FMCG index (-1.29%) is the biggest loser and the negative takeaway is that the index is down for the three consecutive trading sessions.

3) Refex Industries rebounded sharply 15.93% higher after the company's board approved a composite scheme of arrangement aimed at unlocking value from its green mobility business.

4) Shilpa Medicare rallied 0.80% after the firm received the initial authorization from European Medicine Agency (EMA), recommending final marketing approval for its Rivaroxaban Orodispersible Films (ODF).

# BULLS OF THE DAY:
INDUSINDBNK (+2.82%)
AXISBANK (+2.24%)
BAJFINANCE (+1.93%)
JSWSTEEL (+1.87%)
MARUTI (+1.69%)

# BEARS OF THE DAY:
TECHM (-2.16%)
TRENT (-2.11%)
SBILIFE (-2.01%)
HUL (-1.84%)
NESTLEIND (-1.72%)

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