Nifty 50 opened at 25,108.75, down by 71.35 points (-0.28%). Bank Nifty opened at 55,434.40, decreased by 121 points (-0.3%). Sensex opened at 81,917.65, shrank 185 points (-0.30%). GIFT Nifty is currently trading at 25,156.00.
Global index as of 24 September 2025
- DOW 30 closed at 46,292.78, down by 88.76 points (-0.19%).
- S&P 500 closed to 6,656.92, plummeted by 36.83 points (-0.55%).
- NASDAQ decreased by 215.50 points (-0.95%), closing at 22,573.47.
- FTSE 100 decreased by 3.36 points (0.036%) to settle at 9,223.32.
- DAX zoomed by 84.28 points (0.36%), ending at 23,611.33.
- NIKKEI 225 decreased 193.36 points (-0.43%) to trade at 45,300.30.
Commodities Update
- Gold: Currently trading at Rs. 113,487 per 10 grams.
- Silver: decline by Rs. 0.27%, now at Rs. 134,720 per kilo.
- Crude Oil: Prices have declined by 0.01%, reaching 67.125, compared to the previous close of 67.135.
Global events/updates
Japanese equities continue to rally, with the Nikkei 225 and Topix hitting record highs, supported by corporate reforms and strong foreign inflows. Despite concerns around political uncertainty, currency volatility, and global market risks, analysts believe the rally is underpinned by robust fundamentals. Momentum is expected to sustain as Japan’s market remains attractive to global investors.
Nvidia’s $100 billion deal with OpenAI was sealed after last-minute talks between their CEOs, finalized during President Trump’s U.K. visit. The partnership was later announced in California, highlighting OpenAI’s big infrastructure push. Despite Nvidia’s huge investment, OpenAI plans to raise debt and may even develop its own cloud services, signaling bold expansion plans.
The proposed $100,000 fee for H-1B visa petitions could severely impact startups, which rely heavily on foreign engineering talent. While big companies may absorb the cost, smaller firms may be priced out, limiting their ability to hire skilled workers. Experts warn this move could stifle innovation and weaken the startup ecosystem in the U.S.
Asia-Pacific markets slipped, mirroring Wall Street’s downturn after U.S. Federal Reserve Chair Jerome Powell cautioned that equity prices look “fairly highly valued.” His remarks sparked investor worries over stretched valuations, prompting regional sell-offs. Markets remain sensitive to U.S. signals, with concerns that elevated stock prices could face corrections if economic or policy risks intensify.
OpenAI and Oracle have launched the first data center of their $500 billion Stargate project in Abilene, Texas, powered by Oracle Cloud and Nvidia chips. With additional sites planned in New Mexico and Ohio, the initiative underscores a massive push to expand AI infrastructure. OpenAI says this is just the beginning of nationwide and global expansion.
Stocks to watch
- Swiggy: The board has approved moving its quick commerce business under the Instamart brand. It will also sell equity and preference shares in Rapido worth ₹1,968 crore and transfer more Rapido shares to Setu AIF Trust for ₹431 crore.
- Infosys: The company has extended its partnership with Switzerland’s Sunrise to drive IT transformation and boost AI-led initiatives.
- Havells India: Lloyd Kolors refrigerators are now available on Flipkart and other distribution channels, with prices starting at ₹18,990.
- Bajaj Electricals: The board has cleared the acquisition of the Morphy Richards brand and related IP rights for ₹146 crore from Glen Electric Limited, subject to approvals.
- Schloss Bangalore: The company has officially changed its name to Leela Palaces Hotels & Resorts.
- Tech Mahindra: Its subsidiary, Tech Mahindra London, has signed a deal to divest its entire 26.42% stake in Surance.
- Torrent Power: The company will acquire a 49% stake in Newzone India and take full control of Newzone Power Projects for ₹211 crore.
- Lemon Tree Hotels: The company has opened a new 44-room property in Andhra Pradesh.
- 360 One Wealth Asset Management: NCLT’s Mumbai bench has approved the merger of its arm Mavm Angels Network with 360 One Distribution Services.
- Imperial Chemical Industries: The company will sell 23 lakh shares, or 5% of its stake, in Akzo Nobel India through a bulk deal at ₹3,261.80 per share, raising ₹742.7 crore.
- Sudarshan Chemical Industries: The company’s Q1 consolidated profit surged 87% year-on-year to ₹55 crore from ₹29.4 crore, while revenue jumped nearly threefold to ₹2,506.9 crore compared to ₹633.6 crore, driven by strong operational performance.
- Dilip Buildcon: Through its JV with PSP, the company emerged as L-1 bidder for a ₹1,115.37 crore Kerala Industrial Corridor project, covering design, construction, testing, commissioning, and maintenance of infrastructure works at Pudussery and Kannambra nodes.
- HCL Technologies: The IT services firm has renewed its digital transformation partnership with a Swedish commercial vehicle maker, continuing to deliver AI-powered digital foundation services as part of their long-standing strategic technology collaboration.
- VIP Industries: Neetu Kashiramka resigned as Managing Director effective September 23, continuing employment till October 31, 2025. Atul Jain has been appointed as MD for five years starting September 23, ensuring leadership continuity.
- Gandhar Oil Refinery: The company will terminate licenses and agreements with JV partner ESPE Oils FZC, leading to the closure of Texol Oils FZC in Sharjah, where Gandhar Oil holds a 50% equity stake.
- Poly Medicure: Via subsidiary RisoR Holdings, Poly Medicure acquired majority ownership in the PendraCare Group. It now controls 90% of the economic rights, making Wellinq Medical B.V. and PendraCare Holding B.V. step-down subsidiaries.
- Torrent Pharmaceuticals: The Competition Commission of South Africa approved Torrent’s acquisition of a controlling stake in JB Chemicals & Pharmaceuticals from KKR, marking progress in expanding its global footprint through regulatory clearance.
- Ceinsys Tech: The company secured a ₹15.95 crore order from MMRDA to supply and maintain ESRI ArcGIS software for four years, covering license delivery, activation, and ongoing operation and maintenance services.
Bulk and Block Deals
- Sammaan Capital: Plutus Wealth Management sold 1.16 crore shares, representing a 1.4% stake, at ₹137.26 apiece. The block deal was valued at ₹159.2 crore, reducing its holding in the company.
- Parth Electricals & Engineering: India Max Investment Fund offloaded 1 lakh shares in the company at ₹225 per share through a block deal, trimming its exposure to the electricals and engineering player.
- Wheels India: HDFC Mutual Fund purchased 1,27,940 shares of Wheels India at ₹809 apiece, signaling confidence in the company’s long-term growth prospects despite market volatility.
- Energy Infrastructure Trust: Sponsor Rapid Holdings 2, part of Brookfield, sold 3.61 crore units (5.4% stake) at ₹82 per unit worth ₹296.43 crore. Buyers included Neo Infra Fund, Pico Capital, and others.
- NDR InvIT Trust: Infra India Opportunities Parent sold 2.64 crore units (6.68% stake) at ₹115 apiece for ₹304.2 crore. Radhakishan Damani and the Jhunjhunwala family trusts emerged as key buyers, collectively investing nearly ₹200 crore.
Brokerage Recommendations
Sri Lotus Developers and Realty Ltd
- Target Price:- Rs 282
- Upside:- 51%
- Brokerage: Motilal oswal
South India Bank
- Target Price:- Rs 38
- Upside:- 27%
- Brokerage: ICICI Direct
KEC International
- Target Price:- Rs 1,030
- Upside:- 16.53%
- Brokerage: Axis Direct
Prince Pipes
- Target Price:- Rs 400
- Upside:- 16%
- Brokerage: Axis Direct
Mainboard/SME IPO Listing on September 24
- VMS TMT
- Sampat Aluminium
Stocks in F&O ban
- HFCL
- RBL Bank
- Sammaan Capital
Stocks Trade Ex-Dividend
- Shraddha Prime Projects
- SMS Lifesciences India
Written by Abhishek Singh
Disclaimer
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