Nifty 50 opened at 25,209.00, up by 35.75 points (0.15%). Bank Nifty opened at 55,248.70, decreased by 36.05 points (-0.07%). Sensex opened at 82,147.37, jumped 38.54 points (0.063%). GIFT Nifty is currently trading at 25,269.50.
Global index as of 23 September 2025
- DOW 30 closed at 46,381.54, up by 66.27 points (0.14%).
- S&P 500 zoomed to 6,693.75, jumped 29.39 points (0.44%).
- NASDAQ increased by 157.50 points (0.70%), closing at 22,788.98.
- FTSE 100 increased by 10.01 points (0.11%) to settle at 9,226.68.
- DAX plummeted by 112.36 points (-0.48%), ending at 23,527.05.
- NIKKEI 225 surged 447.85 points (+0.99%) to trade at 45,493.66.
Commodities Update
- Gold: Currently trading at Rs. 112,381 per 10 grams.
- Silver: decline by Rs. 0.08%, now at Rs. 133,585 per kilo.
- Crude Oil: Prices have declined by 0.53%, reaching 65.615, compared to the previous close of 65.965.
Global events/updates
Donald Trump’s proposed $100,000 H-1B visa fee is seen as a turning point in global talent competition. While it may discourage skilled workers from moving to the U.S., countries like the U.K., Europe, the Middle East, and Asia are positioning themselves to attract this talent. Meanwhile, American companies are also exploring ways to adapt and retain expertise.
The U.S. decision to impose a hefty fee on H-1B visas hit India’s tech sector hard, as nearly 71% of H-1B holders are Indians. Shares of Infosys, TCS, Wipro, HCL, and Tech Mahindra dropped after the announcement. Analysts expect U.S. firms to adjust hiring strategies, signaling ripple effects beyond India’s IT outsourcing industry.
India is investing $18.2 billion in ten semiconductor projects across six states to reduce chip imports, strengthen supply for strategic sectors, and capture opportunities as global electronics shift from China. However, experts caution that limited funding and a shortage of skilled talent may hinder India’s ambition to become a true semiconductor powerhouse in the near term.
JPMorgan CEO Jamie Dimon stressed that India should remain America’s best friend while keeping its non-aligned stance. He expressed optimism about resolving trade and energy issues and highlighted the need for stronger US-India ties. Dimon also supported merit-based immigration, urging policies that allow skilled workers, doctors, and graduates to stay in America, strengthening economic and strategic cooperation.
Stocks to watch
- Godrej Industries: The company approved allotment of Series 1 and Series 2 non-convertible debentures worth ₹400 crore each, totaling ₹800 crore, strengthening its fundraising plans and supporting business growth initiatives.
- KEC International: The company secured international transmission and distribution orders worth ₹3,243 crore. Year-to-date, its order intake has reached nearly ₹11,700 crore, reinforcing growth momentum and strong execution in global infrastructure projects.
- KFin Technologies: The company denied media reports suggesting that General Atlantic plans to offload a 10–15% stake at a 5–8% discount, confirming no such developments and reiterating its commitment to long-term growth.
- Paytm: The company completed ₹300 crore investment in its subsidiary Paytm Money through a rights issue and further infused ₹155 crore into Paytm Services, enhancing capital support for expansion in financial services business.
- Emkay Global Financial Services: The board approved a preferential issue of up to ₹227.53 crore. Additionally, equity investment by Kirti Doshi via Antique Securities secured a 21% stake, strengthening ownership and growth prospects.
- Tata Investment Corporation: The company fixed October 14, 2025, as the record date for its stock split in the ratio of 1:10, aimed at enhancing liquidity and broadening retail investor participation.
- Suraj Estate Developers: The company launched its new residential project ‘Suraj Park View 1’ in Dadar, Mumbai, with a gross development value of ₹250 crore, targeting growth in the city’s premium real estate market.
- RVNL: The company emerged as the lowest bidder for a ₹145 crore project from Southern Railway, highlighting its competitive edge and expanding presence in India’s rail infrastructure development segment.
- Brigade Enterprises: The company entered a joint development agreement to build a large residential project in Bengaluru with a gross development value of nearly ₹1,200 crore, expanding its portfolio in the housing sector.
- Kolte-Patil Developers: The company sought shareholder approval to raise funds by issuing securities worth up to ₹2,500 crore, aimed at supporting future expansion, new projects, and strengthening financial flexibility.
- Vikran Engineering: The company reported a 31.7% year-on-year rise in Q1 profit at ₹5.65 crore, compared with ₹4.29 crore a year ago. Revenue jumped 17% to ₹159.2 crore from ₹136 crore.
- Hyundai Motor India: The automaker recorded 11,000 dealer billings on the first day of Navaratri, its best single-day performance in five years. The company expects strong festive demand. Meanwhile, Tapan Kumar Ghosh resigned as National Sales Head, effective October 3.
- Maruti Suzuki India: The company delivered nearly 30,000 cars and received 80,000 enquiries on the first day of the Navaratri festival, reflecting strong festive momentum.
- Alkem Laboratories: The company launched Pertuza injection, a 420mg/14mL pertuzumab biosimilar, in India for the treatment of HER2-positive breast cancer, expanding its oncology portfolio.
- JBM Auto: Subsidiary JBM Electric Vehicles has partnered with UAE’s Al Habtoor Motors, which will serve as the exclusive importer and distributor of JBM’s electric buses in the UAE, marking its global expansion.
- Birla Corporation: Subsidiary RCCPL has been declared the preferred bidder by the Telangana government for the Guda-Rampur limestone and manganese block, strengthening its raw material base.
- JK Lakshmi Cement: The company commissioned a 13.5 lakh tonnes per annum grinding unit at Surat and completed debottlenecking at Sirohi, raising total cement capacity to 18 MTPA. It also entered a solar power purchase pact, acquiring 26% equity in Ampin C&I Power Four.
- Amber Enterprises India: The company raised ₹1,000 crore through QIP by allotting 12,57,861 shares at ₹7,950 each to institutional investors, including Nomura India, HDFC Life, Invesco, Allianz Global, and HDFC Mutual Fund.
- Coforge: The board re-appointed D K Singh as Independent Director for another five years from February 2026 and approved the appointment of John Speight, currently EVP, as Executive Director for five years, effective October 2025.
- NTPC Green Energy: The company commissioned part of a 9.9 MW wind project in Bhuj, Gujarat, under Ayana Renewable Power Four. With this, NGEL Group’s total installed capacity has risen to 7,382.475 MW.
Bulk and Block Deals
- Energy Infrastructure Trust: 360 ONE Portfolio Managers sold 93 lakh units (equivalent to 1.4% of shareholding) in the InvIT at Rs 82.3 per unit, amounting to Rs 76.5 crore.
- Dynamatic Technologies: Samena Special Situations Mauritius III sold 62,688 shares (0.92% stake) at Rs 7,302.72 per share for Rs 45.78 crore. Samena Special Situations Mauritius held a 4.8% stake in Dynamatic Technologies as of June 2025.
Brokerage Recommendations
- AU SFB (MOSL): Maintains Buy, TP ₹875. Earnings to accelerate in H2 with loan CAGR at 24% (FY26–28). Healthy deposits, easing funding costs, and NIM recovery expected; cost ratios remain under control.
- Shree Cement (Citi): Maintains Buy, TP ₹35,500. Demand weak in H1FY26 due to early monsoons and GST cut anticipation. Management optimistic for H2 recovery, private capex boost, and long-term growth outlook.
- Vishal Mega Mart (Jefferies): Maintains Buy, TP ₹175. Strong value positioning with double-digit SSSG despite soft demand. Visibility from >80 store adds annually; piloting smaller formats in tier-III towns, strong private-label portfolio sustains leadership.
- Hyundai Motor (Nomura): Maintains Buy, TP ₹2,846. India volumes seen at 9% CAGR (CY25–30). Strong model pipeline, hybrid/EV tech push, capacity needs, and export growth to drive sustained earnings momentum.
- L&T (JP Morgan): Maintains Overweight, TP ₹4,240. Strong order flows from infra, oil & gas, and PSU spending. Expanding geographies, efficient capital use, and robust execution underpin bullish long-term outlook.
- Indian Metals and Ferro Alloys Ltd(Anand Rathi): Initiates Buy, TP ₹1,510. Growth drivers include ferrochrome demand, stainless-steel consumption, and diversification, adding ₹300 crore revenue annually with 8–10% EBITDA margins. Capacity expansion supports long-term growth.
Mainboard/SME IPO Listing on September 23
- Euro Pratik Sales
Stocks Trade Ex-Date For Split & Bonus
- Pidilite Industries
- Time Technoplast
Stocks Trade Ex-Date For Income Distribution (InvIT)
- Digital Fibre Infrastructure Trust
- Intelligent Supply Chain Infrastructure Trust
Stocks in F&O ban
- RBL Bank
- HFCL
- Sammaan Capital
Stocks Trade Ex-Dividend
- Aartech Solonics
- Amba Enterprises
- AVG Logistics
- Bambino Agro Industries
- Best Agrolife
- Cargotrans Maritime
- Confidence Futuristic Energetech
- Confidence Petroleum India
- Crest Ventures
- Dev Information Technology
- Dhabriya Polywood
- Emerald Finance
- Fredun Pharmaceuticals
- Grovy India
- Gujarat Apollo Industries
- Hariom Pipe Industries
- HP Adhesives
- Inani Marbles & Industries
- India Glycols
- Intense Technologies
- ITL Industries
- Jindal Poly Films
- Kemistar Corporation
- KMS Medisurgi
- Last Mile Enterprises
- Loyal Equipment
- Mold-Tek Technologies
- Mold-Tek Packaging
- Navkar Urbanstructure
- NIBE
- Padam Cotton Yarns
- Panorama Studios International
- Pashupati Cotspin
- Premier Explosives
- R P P Infra Projects
- Satia Industries
- Shelter Pharma
- Shervani Industrial Syndicate
- Sicagen India
- Signet Industries
- SP Capital Financing
- Steel Strips Wheels
- Sunteck Realty
- Shri Venkatesh Refineries
- New Swan Multitech
- Talbros Engineering
- Tilaknagar Industries
- VEDAVAAG Systems
- Vipul Organics
- Zodiac Ventures
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
