Nifty manages to end above the dotted lines as volatility marked with wild swings was the order of the day. India VIX 10.81.

NIFTY (+32, 24773)
Sensex (+77, 80787)
Bank Nifty (+72, 54187)

1) All bullish eyes turn towards the Federal Reserves’ meeting outcome later this September 17th, with some bullish traders positioning for a larger half-point move depending on this week’s inflation outcomes.

2) So, focus shall shift towards the US producer price index is due Wednesday, followed by the consumer price index on Thursday, September 11th .

# Meanwhile, the big question on every investors mind: Is the hype over big GST cut fizzling out?.

Our call of the day which suggests the ‘Next-Gen GST Reforms’ should strengthen the case for a consumption-led recovery, with auto and consumption expected to benefit the most.

But having said that, the broader and macro-outlook still is vulnerable to global macro uncertainties – especially on Trump's US tariff of 50% on India and most importantly, the persistent FII’s outflows.

We will continue to spy with one big eye to watch out what positive trigger it will take for Dalal Street to climb the biggest ‘Wall of Worry’ of 50% Trump’s tariff which came into effect on August 27th?

# Long Story Short: Nifty risk-on theme is likely to prevail, that said confirmation of strength only above Nifty 25155 mark.

# Adv-Dec 26—24
# INDIA VIX 10.83 (+0.46%)
# NIFTY PCR (09th SEP) 0.88
# NIFTY PCR (30th SEP) 1.10
# USD/INR Futures (Sep) (+0.13%, 88.33)

# SECTOR GAINERS:
NIFTY AUTO (+3.30%)
NIFTY PSUBANKS (+0.49%)
NIFTY REALTY (+0.46%)

# SECTORS LOSERS
NIFTY IT (-0.94%)
NIFTY HEALTHCARE (-0.40%)
NIFTY PHARMA (-0.27%)

# TODAY’S MARKET RE-CAP:

1) Nifty (+0.13%) ends slightly higher as the benchmark gave away most of its hard-fought intraday gains.

Nifty is now above its 21 DMA (24711) but still below its 50 DMA (24948) and 100 DMA (24806) and most importantly, well below the psychological 25000 mark.

2) Bank Nifty (+0.13%) too ends on an uninspiring note and most importantly, was seen mirroring Nifty’s rangebound action. Bank Nifty’s new all-time-high continues to be at 57628.40 mark

3) The market breadth (26:24) was just slightly in favour of the bulls.

4) The Nifty Mid-cap (+0.73%) and Nifty Small-cap (+0.16%) indices were seen seen inching highe in today’s volatile session.

5) Amongst sectoral indices ending in green were NIFTY AUTO (+3.3%)) Nifty PSU BANKS (+0.49%) and Nifty REALITY (+0.46%), while sectors ending in red were Nifty IT (-0.94%), NIFTY HEALTHCARE (-0.4%) and NIFTY PHARMA (-0.27%).

6) Technically speaking, Nifty’s major interweek/intermonth hurdles placed at 24155 mark and only above 24155, all eyes will be on June 30th high at 25670 mark.

Nifty’s immediate support seen at 24336 mark. Nifty’s major support placed at its 200 DMA at 24099 mark.

# Bottom-line: We reiterate, Nifty now needs some real major positive catalyst to move up and reclaim its psychological 25000 mark. Technically, confirmation of major strength only above 25155 mark.

# STOCKS IN SPOTLIGHT:

1) Spicejet (-2.8%) dropped after the airline company reported a standalone net loss of Rs 235.08 crore in Q1 FY26 compared with net profit of Rs 149.95 crore in Q1 FY25. Revenue from operations tumbled 34% YoY to Rs 1,033.36 crore in Q1 June 2025.

2) Aurobindo Pharma rose 0.13%. The company announced that the United States Food and Drug Administration (USFDA) has completed an inspection of its Unit-XII manufacturing facility at Bachupally, Telangana. At the conclusion, the USFDA issued a Form 483 citing eight procedural observations.

3) The stock price of Adani Power gained 4.26% after the Adani Group firm inked a shareholders’ agreement (SHA) with Bhutan’s state-owned utility Druk Green Power Corporation Ltd (DGPC).

4) The Nifty Auto index zooms 3% and the positive takeaway was that the Auto index is up around 6.27% for last four trading sessions.

Stocks outperforming were: Bharat Forge (+5.81%), Ashok Leyland (+5.18%), Tata Motors (+4.25%), Bajaj Auto (+4.08%), and Mahindra & Mahindra (+4.01%).

# BULLS OF THE DAY:
TATAMOTORS (+4.25%)
BAJAJ AUTO (+4.08%)
M&M (+4.01%)
EICHERMOT (+3.31%)
JSWSTEEL (+2.79%)

# BEARS OF THE DAY:
TRENT (-3.99%)
ASIANPAINT (-1.74%)
COALINDIA (-1.35%)
DRREDDY (-1.35%)
NESTLEIND (-1.28%)

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