Opening Bell: Nifty trading at 25.108.75(-0.24%); Sensex at 81,916.30 (-0.23%)
S&P expects India’s GDP growth to be at 6.5% supported by strong domestic demand amid a benign monsoon, GST rate cuts, and an increase in government investment.
Today on 24th September 2025, the Dalal Street continued to bleed red with Nifty trading at 25,108.75 in the pre-trading session, down by 0.24% while Sensex was down by 0.23%, trading around 81,916.30 amid global weakness.
Global Cues
- The Asian markets are signalling a cautious tone, with Nikkei and KOSPI in red, while Chinese markets are positive with expectations of government stimulus measures.
- The US markets closed red while the European markets are trading cautiously.
Gift Nifty
- On September 24, 2025, GIFT Nifty indicated a negative start for the day. This decline is mainly due to overnight global market sentiments, rupee volatility, and Fed policy uncertainty.
Asian Markets
- Nikkei 225, Taiwan, and KOSPI are in red, where Nikkei 225 & KOSPI fell due to global economic concerns, particularly from the US. Taiwan's decline was driven by profit-taking in its sensitive tech and semiconductor sectors.
- GIFT NIFTY faced pressure from losses in Global markets and weakness in the IT, FMCG, and Pharma sectors due to volatile investor sentiment.
The Hang Seng index was up due to optimism about Chinese economic policies and undervalued stocks.
US & European Markets
- The Dow Jones and Nasdaq declined while the S&P 500 remained flat, reflecting investor caution as they await fresh economic data and further clarity on the Federal Reserve's future policy prospects.
- DAX and CAC rose on the positive investor sentiment around an improving economic outlook for the Eurozone, whereas FTSE remained flat, due to concerns over inflation and slower growth forecasts.
Commodities
- Crude oil and natural gas prices saw slight increases due to firm demand and recent production adjustments
- Metals like gold and silver experienced minor declines mainly because of profit-taking and a change in investor sentiment.
Currency Movements
- The US Dollar rose as a result of global economic uncertainty and upcoming US economic data.
- The Indian Rupee depreciated against all three major currencies (USD, GBP, and EUR) due to foreign fund outflows, a growing trade deficit, and a record US tariff on Indian goods, which has weakened the outlook for exports.
Sectors to Watch
- Metals: The Metal industry is likely to remain in focus as global commodity prices rise and GST cuts boost demand. Steel and aluminium majors like Tata Steel, JSW Steel, Hindalco, Vedanta, and NMDC may stay active.
- IT: The sector has recently seen a decline, but the companies with renewed digital transformation pacts like HCL Technologies agreement with Husqvarna Group and Infosys’ partnership with Sunrise could be in focus.
- Banking & Finance: The Banking and Finance sector can be in focus due to recent developments, like an increase in the foreign investment limit in the PSU Bank.
Stocks to watch
- Bajaj Electricals: On 23rd September, the board approved the acquisition of Morphy Richards’ brand rights for ₹146 crores in India and neighbouring markets.
- Torrent Power: On 23rd September, Torrent Power acquired stakes in Newzone firms worth ₹211 crores to set up a thermal power project in Madhya Pradesh.
- Swiggy: The board of Swiggy yesterday approved the sale of its entire stake in Rapido, worth ₹2,400 crores, to Prosus and Westbridge Capital.
FII and DII Inflows - 23rd Sep 2025
(The above numbers are in ₹ Cr)
- FIIs were net sellers due to global factors like strengthening of the US dollar and geopolitical concerns, while DIIs were net buyers, relying on stable domestic capital from mutual fund and retail inflows.
Global Events & Updates
- Japan will be releasing its flash PMI data today. Germany’s Ifo Business Climate Index is also due. These are early indicators of economic activity in major economies.
- Taiwan will be reporting its Industrial Production data. This could influence global tech / chip-sector sentiment as Taiwan has great importance in electronics supply chains and semiconductors.
Things to look out for
- OECD raised its growth forecast rate for India by 6.7%, citing ease of monetary and fiscal policy, good domestic demand, and the latest GST reforms.
- S&P expects India’s GDP growth to be at 6.5% supported by strong domestic demand amid a benign monsoon, GST rate cuts, and an increase in government investment.
- JP Morgan projects India’s IPO market in 2025 will surpass its levels in 2024, driven by ease of regulations and strong valuations.
