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11 Sep 2025
Global and Macro Cues - September 11, 2025
Global markets continued to maintain positive sentiment, with all three major U.S. stock indices rising across the board last night. The Dow Jones closed above 46,000 points for the first time, while the S&P 500 and Nasdaq rose by 0.85% and 0.72% respectively, reaching new phase highs. The U.S. CPI for August rose 2.9% year-on-year, exceeding expectations, yet the market still bets on a Fed rate cut next week. The yield on the 2-year U.S. Treasury fell to 4%, the dollar index edged higher, and gold remained near historic highs. This week, Asian stock markets broadly rallied, with the Nikkei, Hang Seng, and Korea Composite Index all rising, indicating a recovery in risk appetite. The International Energy Agency forecasts an oil supply surplus next year, leading to continued declines in oil prices and easing inflationary pressure.
Indian Market and Sector Focus
GIFT Nifty rose in pre-market trading to around 25,186, indicating a mildly positive opening today. Yesterday, Nifty50 closed higher for the seventh consecutive session, holding firm above the 25,000 mark, while Sensex settled at 81,548 points, reflecting continued bullish momentum. Among sectors, energy, PSU banks, and pharmaceuticals led the gains, while IT and auto sectors saw profit booking. In terms of fund flow, FIIs were net sellers by ₹3,472 million, while DIIs were net buyers by ₹4,046 million, showing consistent domestic support for the market. Technically, if Nifty sustains above 25,000, the short term target is 25,150–25,250, with key support in the 24,900–24,800 range; Bank Nifty is rebounding toward the 54,900 resistance, and a breakout could aim for 55,400.
Stock Specific and Event Driven Updates
On the stock front, NBCC signed a ₹37 billion project MoU, likely becoming a key focus today; Infosys Board approved a ₹1.8 trillion buyback and entered a ten-year strategic partnership with HanesBrands; IREDA successfully issued ₹4.53 billion perpetual bonds, receiving oversubscription; Canara Bank’s subsidiary received SEBI’s observation letter, paving the way for an upcoming IPO. Upcoming market opportunities include Sampat Aluminium launching its IPO on September 17, and Tata Capital planning a $2 billion IPO in early October. Overall, macro and corporate news remains broadly positive. Investors are advised to continue a "buy on dips" strategy, with a focus on rotation opportunities in infrastructure, defense, energy, and high-quality banking stocks.
Indian Market and Sector Focus
GIFT Nifty rose in pre-market trading to around 25,186, indicating a mildly positive opening today. Yesterday, Nifty50 closed higher for the seventh consecutive session, holding firm above the 25,000 mark, while Sensex settled at 81,548 points, reflecting continued bullish momentum. Among sectors, energy, PSU banks, and pharmaceuticals led the gains, while IT and auto sectors saw profit booking. In terms of fund flow, FIIs were net sellers by ₹3,472 million, while DIIs were net buyers by ₹4,046 million, showing consistent domestic support for the market. Technically, if Nifty sustains above 25,000, the short term target is 25,150–25,250, with key support in the 24,900–24,800 range; Bank Nifty is rebounding toward the 54,900 resistance, and a breakout could aim for 55,400.
Stock Specific and Event Driven Updates
On the stock front, NBCC signed a ₹37 billion project MoU, likely becoming a key focus today; Infosys Board approved a ₹1.8 trillion buyback and entered a ten-year strategic partnership with HanesBrands; IREDA successfully issued ₹4.53 billion perpetual bonds, receiving oversubscription; Canara Bank’s subsidiary received SEBI’s observation letter, paving the way for an upcoming IPO. Upcoming market opportunities include Sampat Aluminium launching its IPO on September 17, and Tata Capital planning a $2 billion IPO in early October. Overall, macro and corporate news remains broadly positive. Investors are advised to continue a "buy on dips" strategy, with a focus on rotation opportunities in infrastructure, defense, energy, and high-quality banking stocks.