Nifty 50 opened at 25,414.20, up by 83.95 points (+0.33%). Bank Nifty opened at 55,682, increased by 194.60 points (+0.36%). Sensex opened at 83,053.64, gaining 359.93 points (+0.44%). GIFT Nifty is currently trading at 25,493.00.
Global index as on 18 September 2025
- DOW 30 closed at 46,018.32, up by 260.42 points (0.57%).
- S&P 500 fell to 6,600.35, falling 6.41 points (-0.097%).
- NASDAQ decreased by 72.63 points (-0.33%), closing at 22,261.33.
- FTSE 100 zoomed by 12.71 points (12.71%) to settle at 9,208.37.
- DAX zoomed by 29.94 points (0.13%), ending at 23,359.18.
- NIKKEI 225 surged 623.92 points (+1.39%) to trade at 45,414.47.
Commodities Update
- Gold: Currently trading at Rs. 109,375 per 10 grams.
- Silver: Down by Rs. 0.46%, now at Rs. 126,410 per kilo.
- Crude Oil: Prices have jumped by 0.01%, reaching 67.445, compared to the previous close of 67.42.
Global events/updates
- The Federal Reserve cut interest rates by 0.25% to 4.00–4.25%, signaling two more cuts this year to address slowing job growth despite lingering inflation. The decision faced limited dissent, with most policymakers backing the move. Powell called it “risk management,” while markets reacted mixed. Political pressure and labor market concerns remain key drivers of Fed actions.
- Newly appointed Fed Governor Stephen Miran stood out as the lone dissenter in Wednesday’s rate cut decision. While the Federal Reserve lowered rates by 0.25%, Miran pushed for a sharper 0.50% cut, reflecting his more aggressive stance on easing. His vote highlights internal differences within the Fed as it balances inflation concerns with slowing job growth.
- Meta CEO Mark Zuckerberg introduced the $799 Ray-Ban Display glasses, the company’s first smart glasses with a built-in display, controlled by hand gestures via a neural wristband. Alongside, Meta launched the $499 Oakley Meta Vanguard glasses, available in October, and the $379 Ray-Ban Meta Gen 2 glasses, which are already on sale.
- Japan’s Nikkei 225 hit a new record Thursday, driven by strong gains in real estate and technology stocks. Other Asian markets traded mixed following the U.S. Fed’s rate cut. Investors are now watching the Bank of Japan’s two-day policy meeting, where economists largely expect rates to remain unchanged, keeping focus on Japan’s steady monetary stance.
- Nvidia CEO Jensen Huang responded after reports that China banned the use of its AI chips. Earlier, the Trump administration allowed Nvidia to sell H20 chips to China under a deal tied to 15% of its sales. However, the Financial Times reported that Beijing has now urged local tech firms to avoid Nvidia’s AI chips.
Stocks to watch
- Cohance Lifesciences: Jusmiral Holdings to sell 1.9 crore shares, 5.1% stake worth Rs 1,756.2 crore, at Rs 900 per share—6.9% discount to CMP. IIFL Capital sole broker.
- Marico: Income Tax officials visited company offices and plants in India. Marico confirmed full cooperation with authorities, assured no material impact on operations, and said business continues without disruption.
- Zinka Logistics: The company announced a rebranding, with its name officially changing to Blackbuck effective September 22, aligning its identity with evolving business focus and future strategic goals.
- Bandhan Bank: Sold 15.39 crore Yes Bank shares to SMBC at Rs 21.5 each. Stake in Yes Bank reduced from 0.7% to 0.21% after transaction.
- Lodha Developers: The company referred Rajendra Lodha’s resignation as director on August 17 to the authorities for investigation, ensuring proper transparency and compliance with regulatory requirements in addressing the matter.
- Federal Bank: Sold 16.62 crore Yes Bank shares at Rs 21.5 per share to Sumitomo Mitsui Banking Corp. Stake trimmed as part of portfolio adjustment and capital allocation.
- Bajaj Finserv: Set 2029 goals with income rising 20-22% to Rs 3 lakh crore, profit 18-22% to Rs 20,000 crore, and customer base growing 15-17% to 20 crore.
- Aavas Financiers: Board approved raising up to Rs 8,500 crore via Non-Convertible Debentures through private placement to fund business expansion, strengthen balance sheet, and meet long-term financing requirements.
- Poonawalla Fincorp: Board approved allotment of 3.3 crore equity shares worth nearly Rs 1,500 crore to promoter Rising Sun, strengthening promoter holding and providing additional growth capital.
- Indosolar: Promoter Waaree Energies plans to sell up to 61 lakh shares, 14.66% stake, via Offer for Sale on Sept 18–19. Floor price fixed at Rs 500.
- Landmark Cars: The premium auto retailer received KIA India’s approval to open a new showroom in Kolkata, marking its expansion into the city and strengthening presence in the eastern market.
- SVP Global Textiles: A fire at the Jhalawar, Rajasthan facility damaged records and documents beyond recovery. The company informed exchanges, confirming significant loss of stored physical files at the premises.
- Mangalam Organics: The Board approved a Rs 50 crore loan facility with Yes Bank, replacing its canceled Rs 60 crore NCD plan. Facility includes Rs 48 crore working capital.
- Escorts Kubota: The tractor manufacturer launched the PRO588i-G combine harvester under the Kubota brand, specifically targeting Punjab and Haryana’s agricultural markets to strengthen mechanization and product offerings.
- Central Bank of India: The Board approved equity infusion of Rs 64.40 crore in subsidiary Cent Home Bank Finance through a proposed Rs 100 crore rights issue to strengthen capital base.
- Cochin Shipyard: Signed Rs 200 crore contract with ONGC for 12-month dry dock and major repairs of a jack-up rig, reinforcing capabilities in offshore vessel maintenance services.
- B R Goyal Infrastructure: The company’s order book expanded to Rs 1,442.93 crore as of August 2025, reflecting strong project inflows and steady growth in infrastructure development contracts.
- Bombay Dyeing: The Board appointed Rohit Santhosh as CEO of Bombay Realty, strengthening leadership to drive growth and operational strategy in the company’s real estate business.
- Dixon Technologies: Will acquire 51% stake (20.86 million shares) in Kunshan Q Tech Microelectronics for Rs 553 crore, boosting presence in camera and fingerprint modules for mobiles, IoT, and autos.
- Biocon: Subsidiary Biocon Biologics received USFDA approval for Bosaya and Aukelso, biosimilars of Prolia and Xgeva. Both also secured provisional interchangeability status, strengthening the biologics portfolio in regulated markets.
Bulk and Block Deals
- Gujarat Fluorochemicals: Promoter Devansh Trademart LLP sold 13 lakh shares (1.18% stake) at Rs 3,539.3 per share, worth Rs 460.1 crore, reducing its holding in the chemicals manufacturer.
- Pitti Engineering: Motilal Oswal MF offloaded 10.74 lakh shares (2.85%) worth Rs 102.06 crore at Rs 950.1 each. Simultaneously, SBI MF purchased 10.73 lakh shares at the same price.
- Voltamp Transformers: Vittoria Fund – OC LP sold 64,803 shares (0.64% stake) at Rs 7,340.02 each, valuing the transaction at Rs 47.56 crore, trimming its stake in the company.
- Dev Accelerator (DevX): Axis Bank, South Indian Bank, and AU Small Finance Bank sold stakes totaling ~17.9 lakh shares around Rs 61–62.89, while Neo Apex Venture LLP acquired 10 lakh shares.
Brokerage Recommendations
- UltraTech Cement: CLSA added UltraTech Cement to its ‘high-conviction outperform’ list, raising the price target to ₹14,700 per share, highlighting growth prospects for India’s largest cement producer.
- Bandhan Bank: CLSA maintained its ‘high-conviction outperform’ rating, with a price target of ₹220, implying 34% upside potential, reflecting confidence in the bank’s growth trajectory and profitability.
- DLF: CLSA kept DLF on its ‘high-conviction outperform’ list, with a price target of ₹1,025, suggesting a 30% upside, supported by robust growth in real estate demand.
- Indus Towers: On May 2, CLSA rated Indus Towers ‘high-conviction outperform, setting a price target of ₹520, indicating 47% upside potential, backed by rising telecom infrastructure demand and growth opportunities.
- Avenue Supermarts: CLSA gave Avenue Supermarts a ‘high-conviction outperform’ rating, with a target of ₹6,406 per share, implying a 35% upside, driven by expansion and consistent retail growth.
- Eternal: CLSA rated Eternal as ‘high-conviction outperform’, setting a price target of ₹385, indicating a 17% upside potential, reflecting steady performance and future growth prospects in its segment.
- Tech Mahindra: CLSA rated Tech Mahindra ‘high-conviction outperform’ with a price target of ₹2,020, implying 30% upside, despite the stock falling 9% in 2025 so far.
- Dixon Technologies: CLSA included Dixon Technologies in its ‘high-conviction outperform’, setting a price target of ₹19,000 per share, reflecting strong growth outlook in electronics manufacturing services.
- Max Financial Services: Recently added to CLSA’s ‘high-conviction outperform’ list, Max Financial Services received a target of ₹1,800, implying a 17% upside, highlighting optimism in the insurance company’s long-term growth.
- NHPC: CLSA rated NHPC ‘high-conviction outperform’, with a ₹117 target, indicating 35% upside potential, significantly above its 52-week high, showcasing strong confidence in the state-run power producer.
- ONGC: CLSA’s ‘high-conviction outperform’ rating on ONGC since May 23 comes with a ₹360 target, implying a 52% upside, the highest in the list, driven by energy sector strength.
- Apollo Tyres: CLSA rated Apollo Tyres ‘high-conviction outperform’ with a price target of ₹566, implying a 17% upside potential, reflecting positive momentum in auto and tyre demand.
Mainboard/SME IPO Listing on September 18
- Airfloa Rail Technology
Stocks Trade Ex-Date For Split
- Kesar Enterprises
- Zydus Wellness
Stocks in F&O ban
- Angel One
- Oracle Financial Services Software
- RBL Bank
Stocks Trade Ex-Dividend
- First Custodian Fund India
- Acutaas Chemicals
- Amarjothi Spinning Mills
- Arrow Greentech
- Ashiana Housing
- Atam Valves
- Bal Pharma
- Comfort Intech
- Creative Castings
- Dhoot Industrial Finance
- Dr Agarwal’s Eye Hospital
- Eldeco Housing & Industries
- Gujarat Mineral Development Corporation
- Goodluck India
- Hindustan Composites
- Hindustan Copper
- Honda India Power Products
- Indo Borax & Chemicals
- Indraprastha Medical Corporation
- IRM Energy
- ITCONS E-Solutions
- Jamna Auto Industries
- JMJ Fintech
- JNK India
- Kamdhenu
- KCP Sugar & Industries Corporation
- Kanoria Energy & Infrastructure
- Kilburn Engineering
- Krishival Foods
- NCL Industries
- Poly Medicure
- PPAP Automotive
- Quality Power Electrical Equipment
- Riddhi Siddhi Gluco Biols
- Rubfila International
- Samrat Pharmachem
- Sandu Pharmaceuticals
- Shakti Pumps India
- Shukra Pharmaceuticals
- SJVN
- Star Paper Mills
- Sterling Tools
- Venus Pipes & Tubes
- Weizmann
- Wonder Electricals
Written by Abhishek Singh
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