Markets Open Today: Nifty 50 at 25,209.00 (0.03%), Sensex at 82,147.37 (-0.02%); Hyundai Motors in Focus
The OECD will be releasing its Interim Economic Outlook report on 23rd September, which will give insights into the current global market scenario, trade dynamics, and economic risks.
In the pre-trading session of 23rd September, Nifty was at 25,209.00, up by 0.03% Sensex was trading around 82,147.37, down by 0.02%.
Global Cues
- The Asian markets are witnessing a mixed start to the day, with Japan and Taiwan benefiting from the US market rally, while the Hang Seng is down due to rising economic concerns.
- The US markets closed on a higher note, while the European markets showed a mixed trend.
Gift Nifty
On September 23, 2025, GIFT Nifty showed a decline. This decline is a direct consequence of the net selling by FIIs in the Indian market and the caution among foreign investors due to mixed performance in other global markets.
Asian Markets
- Nikkei 225, Taiwan, and KOSPI stood positively, primarily driven by positive sentiment around the technology sector.
- GIFT NIFTY faced pressure from a recent significant increase in US H-1B visa fees.
- The Hang Seng index was red due to concerns over China's domestic economy and a weak sentiment toward Chinese stocks.
US & European Markets
The technology and AI sectors drove a significant rally in the S&P 500 and Nasdaq, while the Dow Jones experienced modest returns.
- The European markets showed a split performance, with the FTSE 100 posting a marginal gain while the CAC 40 and the DAX recorded a slight decline.
- This divergence was because of the sector-specific news and differing corporate performance across the regions.
Commodities
- Both Brent and WTI crude oil prices experienced a slight decline, largely due to a prevailing global oversupply outlook.
- Natural gas saw a modest increase, which was driven by rising exports of Liquefied Natural Gas (LNG) from the US, which is tightening the domestic market.
- After reaching record highs recently, both gold and silver saw minor declines, which was also influenced by a marginal rebound in the US dollar and a more stable outlook on US interest rates, making precious metals less attractive.
Currency Movements
- The Indian Rupee depreciated significantly against the US Dollar, British Pound, and Euro. This weakness was primarily driven by domestic factors, trade deficit concerns, and foreign capital outflows.
Sectors to watch
1. Consumer Goods and Automobile: Both sectors are likely to see a surge in their demand due to the recent GST rate cuts. Additionally, the festive season will also boost the sales for both sectors.
2. Banking and NBFC: The current low-interest-rate scenario will aid the consumption boost and increase credit demand, which can potentially boost profitability for banking and other financial institutions.
Stocks to watch
- Hyundai Motor India: On the first day of Navratri, the company recorded the best single-day performance in the last 5 years with 11,000 sales.
- Rail Vikas Nigam: The company has emerged as the lowest bidder for a project involving the design, supply, erection, testing, and commissioning of traction sub-stations from Southern Railway worth Rs 145.3 crore.
- KEC International: The company has secured new orders in the United Arab Emirates and the United States worth Rs 3,243 crore for transmission and distribution projects.
FII and DII Inflows - 22nd September 2025
(The above numbers are in ₹ Cr)
For 22nd September, net value for DIIs inflow was ₹2582.63 crores and FII outflow was ₹2910.09 crores, respectively. DIIs' inflow was driven by new GST rate implementation, whereas FIIs were concerned about the latest US H-1B visa fee hike and stronger performance by other global markets compared to Indian markets, leading to a huge sell-off.
Global Events & Updates
- The OECD will be releasing its Interim Economic Outlook report on 23rd September, which will give insights into the current global market scenario, trade dynamics, and economic risks.
- Major economies like the US, UK, and Eurozone are set to release their flash PMI data, which provides early signals on economic momentum. This data could affect the export demand and supply chain confidence in India.
Things to look out for
- On 22nd September, External Affairs Minister Dr S Jaishankar met US Secretary of State Marco Rubio for the 80th UN General Assembly (UNGA) session.
- RBI has authorised standalone primary dealers to trade in non-deliverable Rupee derivatives to solidify the role of primary dealers as market makers.
