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Informist, Thursday, Sept. 11, 2025

 

By Gopika Balasubramanium

 

MUMBAI – With the Nifty 50 closing above 25000 points, analysts see the 50-stock index range-bound in the coming sessions, with some profit-booking intraday. Optimism about the goods and services tax cuts and the government seeking trade deals with different countries, along with warming of US-India ties, continues to keep sentiment in the market bullish. Investors will track domestic CPI for August, due at 1600 IST Friday.          

 

"A decisive close above 25,000 could trigger a stronger rally towards 25,150 and 25,400," Jigar Patel, senior manager of equity research at Anand Rathi Shares and Stocks Broking Ltd., said. "However, some level of profit-booking at levels between 24850 and 24800 points is possible," he added. Meanwhile, Shrikant Chouhan of Kotak Securities said in a note that as long as the 50-stock index stays above 24900 points, the trend will continue to be bullish. Technical analyts see the Nifty 50 finding support at 24900 points and facing resistance at 25050 points. 

 

On Thursday, the Nifty 50 closed at 25005.50 points, up 32.40 points or 0.1%. The 50-stock index closed above 25000 points for the first time in three weeks. This was largely because index heavyweight Reliance Industries and HDFC Bank sustained the gains accumulated during the day. Information technology stocks were largely in the red throughout Thursday's session. 

 

Investors will keep a track on the movement of the rupee as the currency ended at a record closing low of 88.4425 against the dollar Thursday. The currency's movement assumes importance amid foreign investors taking a bearish stance on Indian equites, as they continue to be net sellers. The rupee's move past 88 against dollar largely reflects tariff-driven sentiment rather than deterioration in India's underlying fundamentals, YES Securities said in a report Thursday, adding that this suggests "limited room for further depreciation".

 

After market hours on Friday, the statistics ministry will release the CPI print for August. India's CPI inflation in August likely rose to 2.1% from 1.55% in July, an Informist poll of 12 economists showed. The rise is likely because the statistical effect of a favourable base faded and due to higher food and gold prices. August would mark the first rise in CPI inflation in 10 months and the seventh consecutive month when CPI inflation is below the Reserve Bank of India's target of 4.0%. Lower-than-expected inflation in the September quarter would provide comfort to the RBI's Monetary Policy Committee, which left the repo rate unchanged at 5.50% in August, after lowering it by 100 basis points between February and June. 

 

Shares of Infosys will be on focus Friday as the company's board has met to consider a share buyback. The company did not specify the quantum of share buyback or the price at which it intends to purchase the shares. This would be the company's first buyback in around three years. Shares of the IT company closed 1.5% lower at INR 1,509.70 on Thursday.  End

 

Edited by Avishek Dutta

 

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