Nifty 50 closed at 24,650.50, up by 3.25 points (0.050%). Bank Nifty closed at 54,525.95, up by 127 points (0.24%). Sensex closed at 80,445.80, up by 19.34 points (0.023%).
The BSE Midcap index rose 0.3%, while the Smallcap index fell 0.3%. On the Nifty, top losers included Axis Bank, Maruti Suzuki, L&T, Adani Enterprises, and Dr Reddy’s, while gainers were Eternal, Bharat Electronics, IndusInd Bank, Titan, and SBI. Sector-wise, oil & gas, PSU banks, energy, and realty gained 1%, whereas media declined 1%.
US Markets
- Dow Jones Futures jumped by 199.00 points, up 0.43%, currently trading at 46,755.00 as of 29th September 2025.
European Markets
- FTSE (UK) jumped by 54.52 points, up by 0.59%, standing at 9,339.35.
- CAC (France) jumped by 14.82 points, up by 0.19%, at 7,885.62.
- DAX (Germany) jumped by 75.13 points, up by 0.25%, at 23,801.54.
Global events/updates
Cleveland Fed President Beth Hammack said the U.S. is facing a “challenging time” for monetary policy as inflation concerns persist. Speaking on CNBC, she noted uncertainty around whether interest rate cuts are appropriate in the current backdrop. Investors, meanwhile, have reduced expectations for quick rate cuts, signaling caution about the Fed’s next moves.
Spain has achieved a rare hat trick of credit upgrades from Fitch, Moody’s, and S&P, reflecting growing confidence in its economy. Strong growth, rising foreign investment, and a healthier labor market have set it apart from regional peers. Immigration is also supporting momentum, making Spain the standout performer in Europe’s current economic landscape.
China’s industrial profits bounced back strongly in August, rising 20.4% compared to last year. This ended three months of decline and marked the biggest increase since November 2023. The rebound comes as Beijing takes steps to reduce excess supply and limit price wars, helping companies recover and boosting confidence in the industrial sector.
Andhra Pradesh attracted ₹10,600 crore for tourism, with plans for 10,000 homestays, 50,000 new hotel rooms, and cultural centres to boost temple, eco-, and wedding tourism. Telangana promotes itself as a safe, investor-friendly destination, highlighting Hyderabad’s medical tourism and successful global events, aiming to attract both domestic and international investments in the sector.
Rising H-1B visa fees under Trump’s plan may push global tech talent to the Middle East. The region offers strong infrastructure, high salaries, and low taxes, making it appealing for skilled workers. With billions invested in AI by sovereign wealth funds and private equity, the Middle East could benefit, though concerns about regional stability remain.
Stock news
- United Van Der Horst Ltd – The company plans a 5-for-1 stock split. Each Rs. 5 share will be divided into five shares of Re. 1 each.
- Gandhi Special Tubes Ltd – Promoter Rahul Gandhi acquired 2,00,000 equity shares as a gift, representing 1.65% of the company’s shareholding.
Solarium Green Energy Ltd – Solarium Green Energy has received Notification of Awards totaling ₹18.78 crore for rooftop solar projects with a combined capacity of 5,996 kW across various GAIL sites. The largest project, a 5,546 kW installation at GAIL-Raigad, Maharashtra, is valued at ₹17.43 crore under an NVVN tender. Smaller projects are spread across Gujarat, Uttar Pradesh, and Odisha.
Sunteck Realty Ltd – Sunteck Realty is entering the ultra-luxury housing market with two new projects in Mumbai and Dubai, targeting Rs 20,000 crore in revenue. The projects will launch under an exclusive, invitation-only lifestyle brand called ‘Emaance’.
Tata Communications Ltd – Tata Communications has been selected by the Ministry of Finance to provide end-to-end digital infrastructure for GSTAT, covering network, IoT, cloud, and security solutions. The project aims to enhance efficiency, transparency, and security across 32 benches nationwide.
Sadhav Shipping Ltd – The M.V. Canara Pride vessel has been deployed to ONGC under a three-year contract worth USD 12.27 million (₹108.9 crore). Its upgrade from DP1 to DP2 enhances operational flexibility and offshore performance.
Wheels India – Wheels India signed a technology transfer agreement with South Korea’s SHPAC to improve hydraulic cylinder manufacturing. The company plans to expand globally, targeting growth in Europe and North America, positioning hydraulic cylinders as a key business driver.
Kaynes Technology – Kaynes Technology aims for $2 billion revenue by FY30, driven by OSAT and printed circuit board expansions. Total CapEx is estimated at ₹3,400 crore, with 70% funded by government subsidies. So far, ₹200–300 crore has been spent, with another ₹600–700 crore planned in FY26.
Wockhardt Ltd – Wockhardt shares jumped 15% after the U.S. confirmed new medicine import tariffs won’t affect countries with existing trade agreements. With European units in the UK and France, Wockhardt can continue exports without extra costs, boosting investor confidence.
Hindustan Unilever – shares fell 2% after a weak quarterly update, with growth expected to be flat to low single digits due to GST-driven trade and channel disruptions. HUL expects the impact to continue in October, with recovery from November. Analysts are mixed. Morgan Stanley is cautious, while Jefferies sees potential upside once the temporary slowdown passes.
Premier Energies – won $19.95 million in orders to install 750 rooftop solar systems, 4,400 solar streetlights, and 650 solar water heaters in Benin, supporting the country’s clean energy goals. The company recently launched high-efficiency 620 W TOPCon solar modules, highlighting its advanced technology and global competitiveness.
Brokerage Recommendations
KPIT Technologies
- Target Price:- Rs 1500 apiece
- Upside:- 23.82%
- By ICICI Direct
City Union Bank
- Target Price:- Rs 250 apiece
- Upside:- 19.07%
- By ICICI Securities Limited
Sudarshan Chemical
- Target Price:- Rs 1700 apiece
- Upside:- 25.46%
- By Anand Rathi
Dreamfolks Services
- Target Price:- Rs 160 apiece
- Upside:- 58.89%
- By Motilal Oswal Financial Services
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Wockhardt (17.73%) | Firstsource Solutions (-7.41%) |
| Sammaan Capital (12.45%) | Jindal Stainless (-6.43%) |
| Redington (8.51%) | Cochin Shipyard (-5.46%) |
| Godfrey Phillips (7.1%) | Raymond(-5.12%) |
| Cholamandalam Financial Holdings Ltd. (5.46%) | Zen Technologies (-5%) |
Conclusion: Indian markets showed mixed performance, with modest gains in Nifty and Bank Nifty, while Smallcaps slipped. Global cues were positive, but domestic news like HUL’s weak update and Premier Energies’ overseas orders influenced sentiment. Sectoral trends and corporate developments indicate cautious optimism, with opportunities in select stocks supported by strong fundamentals and government-backed projects.
Written by Abhishek Singh
