Nifty 50 closed at 25,167.15, down by 30.70 points (-0.12%). Bank Nifty closed at 55,530.10, up by 241.80 points (0.44%). Sensex closed at 82,114.88, down by 39.79 points (-0.054%).
Maruti Suzuki, Adani Enterprises, Bajaj Finance, Eicher Motors, Axis Bank are among the major gainers on the Nifty, while losers are UltraTech Cement, Trent, Nestle India, HDFC Life, and Grasim. BSE midcap and smallcap indices are down 0.2% each. On the sectoral front, auto, metal, PSU Bank up 0.5% each, while FMCG, media, IT, and realty down 0.5-1%.
US Markets
- Dow Jones Futures jumped by 67.00 points, up 0.14%, currently trading at 46,790.00 as of 23rd September 2025.
European Markets
- FTSE (UK) zoomed by 23.57 points, up by 0.25%, standing at 9,249.60.
- CAC (France) zoomed by 66.68 points, up by 0.85%, at 7,897.01.
- DAX (Germany) jumped by 160.05 points, up by 0.68%, at 23,686.63.
Global events/updates
The OECD has raised its 2025 global growth forecast to 3.2%, up from 2.9% in June, citing stronger-than-expected performance, particularly in emerging markets. While the first half of the year showed resilience, the full impact of tariffs is still uncertain, posing notable risks to the global economic outlook despite the optimistic revisions.
U.S. Treasury yields eased slightly as investors await Fed officials’ comments, including a speech by Chair Jerome Powell. The 10-year yield fell to 4.133%, while the 2-year and 30-year yields were largely unchanged. Following last week’s quarter-point rate cut, markets expect Powell to maintain a dovish tone, with upcoming PCE data providing insight into inflation and economic conditions.
Nvidia’s $100 billion investment in OpenAI was finalized after direct negotiations between the CEOs, timed during President Trump’s U.K. visit. The deal coincided with OpenAI’s infrastructure announcement at Nvidia’s California headquarters. Despite the massive funding, OpenAI plans to raise additional debt and potentially develop its own cloud services, signaling ambitious expansion beyond the Nvidia partnership.
A meeting between U.S. President Trump and Chinese President Xi is now expected next year rather than this fall, according to U.S. Ambassador to China David Perdue. His remarks came during a rare visit to Beijing by a bipartisan group of U.S. lawmakers, led by Democratic Representative Adam Smith and including one Republican, marking the first such visit since 2019.
JPMorgan CEO Jamie Dimon sees AI as a transformative technology that will experience boom-and-bust cycles, similar to past innovations like cars, TV, and the internet. The bank employs 2,000 people across 500 AI use cases. While costs are high now, wider adoption will reduce them. Dimon emphasizes AI’s long-term potential despite some overhyped investments.
Stock news
HEC Infra Projects Ltd: HEC Infra received a ₹28.75 crore EPC work order from BG Infra for a 66 KV substation and UG cable project. The company plans to bid for similar private and government projects across states.
PVR Inox: The Karnataka High Court has stayed the implementation of the Karnataka Cinemas (Regulation) Amendment Rules, 2025, which capped movie ticket prices at ₹200, halting enforcement until further orders.
Paisalo Digital: Equilibrated Venture Cflow released 25 lakh pledged shares (0.28%) of Paisalo Digital on September 23, 2025, while still holding 8.14 crore pledged shares. Promoters own 19.67% of the company, with 45.88% pledged.
Hindustan Construction Company Ltd: HCC secured contracts worth ₹2,566 crore from Patna Metro Rail Corporation to construct 10.67 km of underground tunnels and six metro stations along the Danapur-Khemnichak Corridor, including design, tunneling, and station works.
Parsvnath Developers Ltd: Parsvnath Developers announced a 113-acre township project in Rajpura, Punjab, with residential plots, apartments, commercial spaces, schools, and clubs. Emperor Infratech will manage development, sales, and marketing, focusing on timely possession delivery.
Delphi World Money Ltd: Delphi World Money expands into travel by acquiring Ebix Travels, offering tickets, hotels, packages, and MICE services. The integration creates a unified platform, improving efficiency, customer experience, and tapping India’s fast-growing travel market.
Wardwizard Foods & Beverages Ltd: Wardwizard Foods & Beverages enters Africa through a distributor in Tanzania for its QuikShef brand. Already exporting to the USA, Canada, UAE, and Germany, the company aims to grow its international footprint.
Shilpa Medicare Limited: Shilpa Medicare received EMA’s initial authorization for Rivaroxaban 10, 15, and 20 mg Orodispersible Films. Targeting the €2.5 billion European anticoagulant market, the drug prevents heart attacks, strokes, and other atherothrombotic events in adults.
Godawari Power & Ispat Limited: Godawari Power proposes raising ₹500 crore via issuing up to 2.04 crore warrants at ₹245 each, convertible into equity shares. The move includes promoters, promoter group members, and other identified non-promoters.
Remsons Industries Ltd: Remsons Industries announced an 80,000 sq. ft. expansion in NCR to meet rising demand. The move enhances manufacturing, operations, and customer service, aiming for Rs. 900 crore revenue by 2030, strengthening its automotive and engineering presence.
KNR Constructions: KNR Constructions won a Rs. 459 crore Telangana project to build multi-level flyovers at Khajaguda and IIIT Junctions and widen surrounding roads in Cyberabad, enhancing urban infrastructure and connectivity.
EKI Energy Services Ltd: EKI Energy Services incorporated a wholly-owned subsidiary, EKI Greengas Solutions Pvt Ltd, with ₹10 lakh paid-up capital, focusing on renewable energy, including biogas, biomass, biochar, carbon capture, and related consulting services.
Brokerage Recommendations
Tilaknagar Industries Ltd
- Target Price:- Rs 650 apiece
- Upside:- 41.74%
- By Choice Equity Broking Private Ltd
JSW Energy
- Target Price:- Rs 705 apiece
- Upside:- 30%
- By Axis Direct
Somany Ceramics
- Target Price:- Rs 635 apiece
- Upside:- 34%
- By Choice Equity Broking Private Ltd
JK Lakshmi Cement
- Target Price:- Rs 1,175 apiece
- Upside:- 33%
- By Choice Equity Broking Private Ltd
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Tata Investment Corporation Ltd (12%) | Adani Total Gas Ltd (-7%) |
| Gujarat Mineral Development Corpn Ltd (11%) | LT Foods (-6.16%) |
| Deepak Fertilisers & Petrochemicals Corp Ltd (4.92%) | Adani Power (-4.42%) |
| NLC India Ltd (4%) | AWL Agri Business Ltd (-4.06%) |
| Vodafone Idea (3.69%) | Vedant Fashions (-4%) |
Conclusion: Indian markets ended mixed, with Nifty 50 slightly lower while Bank Nifty gained on banking sector strength. Global cues were positive after the OECD raised growth forecasts. Key stocks saw strong corporate activity, expansions, and regulatory updates, while sectoral moves highlighted auto, metal, and PSU gains versus FMCG, IT, and media weakness.
Written by Abhishek Singh
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