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Informist, Thursday, Sept. 18, 2025

 

By Simran Rede

 

MUMBAI – The domestic market closed higher for the third straight session Thursday, but with minor gains similar to Wednesday's close. Gains in banking and automobile stocks helped the Nifty 50 reverse its intraday lows in the last hour of the session. While banking stocks extended their gains later in the session, automobile stocks reversed losses after dipping into negative territory for some part of the session.

 

On Thursday, the Nifty 50 settled at 25423.60 points, up 93.35 points or 0.4%. The BSE Sensex ended at 83013.96 points, up 320.25 points or 0.4%. Both indices rose suddenly in the final hour of trade, with gains in banking, financial services, and information technology stocks leading to the rise of Nifty 50. Heavyweight HDFC Bank contributed to a 0.1% rise in the 50-stock index.

 

Analysts said the market had already priced in a 25-basis-point rate cut in the US as well as two more reductions of 25 bps each in 2025. The US Fed policymakers hinted at only one rate cut in 2026, while traders had priced in two to three more trims next year, CNBC reported.

 

The last-moment rise in the market was also likely after Chief Economic Adviser V. Anantha Nageswaran said that the US may soon scrap the 25% punitive tariff imposed on Indian goods and also lower the reciprocal tariff to 10-15% from the current 25%. He further said that he expects the uncertainty regarding US tariffs to settle down in 8-10 weeks. 

 

Shares of automobile companies reversed earlier losses later in the session. Following this, the Nifty Auto index also recovered from its decline and closed 0.1% higher. The automobile sector is an export-oriented sector, for which import tariffs will be a key factor to monitor. Maruti Suzuki India ended 0.1% higher. The company announced to pass on the benefit of the reduction in the goods and services tax by reducing prices of its entry-level cars to spur offtake. Moreover, the company is also offering a much higher discount than the 8.5%, net effect of the GST cut, on certain cars. 

 

Most IT stocks extended gains for three or more sessions. The Nifty IT index ended up 0.8%, rising for the third straight day. Infosys rose 1.2% and was among the top gainers in the Nifty 50. The positive momentum in these stocks came after the US Federal Reserve Wednesday cut the federal funds target range by 25 basis points, as widely expected, to 4.00-4.25%, the first time in 2025, while also guiding for two more rate cuts this year.

 

The central bank had kept the interest rates unchanged for five consecutive meetings. This will likely improve the discretionary spending of US-based clients at a time when tariff-related uncertainty and rapid artificial intelligence-related changes have led to these clients cutting down on spending. Analysts also expressed their positive outlook on the discretionary spending of US-based clients. Indian IT companies earn a major chunk of their revenue from the US. "IT and Pharma outperformed on expectations of higher spending and stronger export prospects," Vinod Nair, head of research at Geojit Investments, said in a note.

 

Sun Pharmaceutical Industries rose 1.8% and was the third-biggest gainer in the Nifty 50. The rise was likely after global brokerage Citi estimated the revenue from the company's innovation business to rise to $3.2 billion in 2029-30 (Apr-Mar). This is higher than $1.2 billion revenue in FY25. The broking firm has reiterated its 'buy' rating on the stock and added it to its pan-Asia focus list. The brokerage has a target price of INR 2,180, implying a 32% upside from the stock's closing level.

 

Poonawalla Fincorp surged over 12% and was the top gainer in the Nifty 500 index after the company's board approved allotting 33.15 million shares to promoter Rising Sun Holdings Pvt. Ltd. The allotment is at the issue price of INR 452.51 apiece, aggregating to INR 15 billion. The allotment was at a premium to Wednesday's closing price but the stock rose post that level Thursday. 

 

Waaree Energies and Premier Energies closed 2–3% lower and were the worst hitv stocks in the Nifty 200. YES Securities Institutional Equities started coverage on both stocks with a 'buy' rating and target prices of INR 4,610 and INR 1,310, respectively. The brokerage is bullish on the growth of these companies.

 

Page Industries fell over 2% and was among the top Nifty 200 losers after global brokerage HSBC reduced its target price on the stock to INR 41,040, implying over 7% downside to Thursday's close. The broking firm also raised concerns about the company's growth outlook and changing product strategy. Cohance Lifesciences fell over 5% and was among the worst performers in the Nifty 500 index. The stock fell following a large deal on the NSE at a discount to the stock's closing price Wednesday. 

 

Heritage Foods rose over 8%. Informist had during market hours Wednesday reported that the company is considering a price cut across its milk products portfolio to pass on the benefits of goods and services tax rate rationalisation. In the final hour of trade Thursday, the company said that there will be a reduction of INR 50 per litre for ghee, and the same price reduction on per kilogram of butter and cheese, among others. 

 

* Of the Nifty 50 stocks, 35 rose, 15 fell
* Of the Sensex stocks, 22 rose and 8 fell

* On the NSE, 1,606 stocks rose, 1,426 fell, and 102 were unchanged

* On the BSE, 2,182 stocks rose, 1,993 fell, and 167 were unchanged

* Nifty Pharma: up 1.5%; Nifty Healthcare: up 1.3%; Nifty India Defence: down 0.5%

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BSE                                               NSE

Sensex: 83013.96, up 320.25 points or 0.4%        Nifty 50: 25423.60, up 93.35 points or 0.4%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84058.90 (Jun. 27)	: 2025 Closing High: 25637.80 (Jun. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 84099.53 (Jun. 30)	: 2025 High (intraday): 25669.35 (Jun. 30)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

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End

 

Edited by Tanima Banerjee

 

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