Markets Open on 19th September 2025: Nifty at 25,390.10, down by 0.11%; Sensex at 83,103.96, down by 0.17%; Adani Group in focus

On 19th September, 2025, in the Indian markets pre-trading session, Sensex was around 83,103.96, down by 0.17 % and the Nifty was around 25,390.10, down by around 0.11%. The overall sentiment was on a negative side.

Global Cues

• Asian markets showed a diverse performance, with the Nikkei going up by 0.67% and other Asian indices went down.
• The U.S. markets gained, driven by technology stocks after Nvidia and Intel announced a $5 billion investment and a collaboration on AI infrastructure and personal computer products.

Gift Nifty

• GIFT NIFTY declined by 0.19%, settling at 25,466.50 points, despite positive movements in the US and Japan, signalling a cautious or muted opening for Indian indices.

Asian Markets

• Asian markets showed mixed performance for the day.
• Japan’s Nikkei 225 gained due to the expectations in the market ahead of the Bank of Japan’s rate decision.
• Due to weaker-than-expected economic data, such as slower growth in industrial output and retail sales in China, and concerns over the U.S.-China trade relations/tariffs, Hang Seng and the other Chinese indices were negative.

US & European Markets

• U.S. markets were positive, with the DJIA up by 0.34% from the previous close, the S&P 500 up by 0.48% from the previous close, and the Nasdaq by 0.94%, driven by the Fed’s recent rate cut and strong performance in technology stocks.

• European markets also responded positively due to a continuation of a positive sentiment post recent central bank decisions and a generally supportive momentum for equities.

Commodities

• Fed rate cuts can make gold appear cheaper for holders of other currencies.
• Lower interest rates also boost oil demand by stimulating economic activity, due to which Brent crude oil and Crude oil gained in the recent trade.

Currency Movements

• The US Dollar's strengthening, indicated by the rise in the Dollar Index (DXY) was due to a reassessment of the Federal Reserve's future interest rate policy and resilient US economic data.
• The rise in the Dollar Index and all the INR pairs suggests a broad-based weakening of the Indian Rupee (INR), which was a result of the ongoing uncertainty about the high US tariffs (up to 50%) imposed on Indian goods.

Sectors to watch

• Information Technology (IT): Benefitting from the Fed’s rate cut, IT giants like Infosys, TCS, and Tech Mahindra may see strong buying interest on expectations of improved U.S. client demand.
• Pharma & Healthcare: ICRA projected 7–9% revenue growth in FY26 for the Pharma and Healthcare sectors. Companies like Sun Pharma and Dr. Reddy’s could attract defensive buying.
• Metals & Infrastructure: Rising global metal prices and domestic infrastructure push position by the government highlights domestic steel demand. Companies like Tata Steel, JSW Steel, and Hindalco will be the major beneficiaries.
• Financials & NBFCs: Easing borrowing cost of US dollar and expectations of credit growth may benefit Finance companies such as SBI, PNB, and Bajaj Finance.
• Automobile Sector: Recent GST restructuring and the upcoming festive season demand could provide momentum to Maruti Suzuki, Tata Motors, and M&M.

Stocks to watch

• Adani Group Firms: SEBI has disposed of proceedings against Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone, and Adicorp Enterprises in matters related to allegations made by Hindenburg Research.
• JSW Energy: JSW Neo Energy, a subsidiary of JSW Energy, is set to acquire Tidong Power Generation.
• Titagarh Rail Systems: Titagarh Rail Systems is all set to deliver the ₹24,000 crore order of 80 Vande Bharat sleeper trains.

FII and DII inflows

For September 19, 2025, the trading activity in the Capital Market Segment was as follows:

• The outflow was primarily driven by concerns over the Indian market's stretched valuations, especially due to elevated US interest rates and a stronger dollar.

Global Events & Updates

• The Global Digital Health Summit in Mumbai could attract FIIs to invest in the Indian healthcare and IT sectors.
• The US economic data and China’s monetary policy may influence FPIs.

Things to look out for

• India’s net direct tax collections rose by over 9% YoY to ₹10.8 trillion from April 1 to Sept 17.
• S&P Global / CRISIL forecasts strong growth of about 6.5% for India in FY2026, supported by favorable monsoon, lower crude oil prices, and easing interest rates globally, though external risks like trade policy, global growth, and inflation remain.
• Finance Minister Nirmala Sitharaman asked Indian businesses to invest and expand; the government believes the new policy and reforms are more aligned to support private sector growth.
• India and the UAE aim to double their bilateral non-oil and non-precious metal trade to $100 billion in the coming 3 - 4 years.