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Informist, Tuesday, Sept. 9, 2025

By Gopika Balsubramanium

MUMBAI – The benchmark indices are seen moving in a range with a positive bias on Wednesday. Analysts see the gains capped because of selling pressure from foreign investors. There are only a few sectors, mostly consumer-facing, that are attracting investors.

As long as the Nifty 50 stays above 24750-24800 points, the sentiment will remain bullish, analysts said. However, 25000 points remains a crucial level for the 50-stock index. Some analysts expect the index to touch this level this week itself while others see it rising gradually. Analysts said the overall participation remains weak as only select sectors such as automobile, fast-moving consumer goods, information technology in the benchmark indices are seeing momentum. It is largely expected that the index will consolidate for the rest of the week. Only a close above 25000 points will attract fresh buying at 25150-25200 points, analysts said.

"If not this week, it is most likely to breach 25,000 within this month," G. Chokkalingam, head of research at Equinomics Research Pvt. Ltd. "Gestures expressed by leaders of both US and India give some confidence on the amicable solution to trade war initiated by US on India," he added. In the longer term, he sees earnings of Indian corporate companies as the main trigger for the indices to rise further. 

On Tuesday, the Nifty 50 closed at 24868.60 points, up 95.45 points or 0.4%. The index moved between 24891.80 points and 24814.00 points. Technical analysts see support for the index at 24750-24800 points and resistance at 24900-25000 points.

Foreign investors were net sellers for 10 sessions in a row, despite the government announcing reforms in Goods and Services Tax to drive consumption. So far this month, foreign investors have sold equities worth INR 13.05 billion.

Hopes of US finalising a trade agreement with India by November end, boost from tax rebate and GST rejig, a good monsoon, low crude oil prices, and interest rate cut will drive the market, Chokkalingam said.  End

Edited by Ashish Shirke

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