Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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September 17, 2025

• Daily Morning Report     Date: 17.09.2025
• NIFTY OUTLOOK: 25069.20 FII +308.32 cr DII +1518.73 cr
• As discussed yesterday, market behavior remained on expected lines, as Nifty broke above 25150 resistance and rallied to 25261.40.
• A long bullish candle appeared on the daily chart, negating the tweezer top formed earlier. This suggests continuation of the positive uptrend.
• If Nifty crosses 25281 decisively, it may rally to 25323–25365, and if demand strengthens, it could test 25404.
• On the downside, supports are at 25197–25156. A break below these levels may drag Nifty to 25115–25074.
• Bank Nifty OUTLOOK
• SPOT: 55147.60 PCR: 1.08 Max CE OI: 57000 Max PE OI: 54000
• On 16th September 2025, Bank Nifty closed at 55147.60, up 259.75 points (0.47%).
• The index moved 407.70 points during the session, hitting a high of 55185.45 and a low of 54777.75.
• Technical View:
• Key support and resistance levels are at 55000 and 55600 respectively.
• Intraday support and resistance are at 55030 and 55260.
• Intraday Strategy:
• Go long above 55260 with SL 55210 and target 55370.
• Go short below 55035 with SL 55072 and target 54920.
• RSI for Bank Nifty stands at 55 (below 30 = oversold, above 70 = overbought).
• Bank nifty Day SMA Analysis:
• Bank nifty is trading above 6 out of 8 SMA’s (5, 10, 20, 30,150, 200 Day).
• Bank nifty is trading below 2 out of 8 SMA’s. (50,100 Day)
• One bullish single candlestick Pattern was identified in bank nifty.
• • Belt Hold Uptrend
• Macros .
• 1.Dollar index @ 96.44
• 2.S&P 500 Vix @ 16.10
• 3.Brent crude @ 68.29
• 4.U.S. 10 years bond yield @ 4.038
• Note:
• U.S. retail sales rose faster than anticipated in August, driven partly by strong e-commerce demand, though concerns over a weakening labor market persist heading into the final weeks of Q3.
• Month-on-month, retail sales grew 0.6%, matching July’s upward revision and beating expectations of 0.2%, as per Commerce Department data released on Tuesday. Retail sales mainly consist of goods and are not adjusted for inflation.
• The Fed policy review meeting has begun, with markets expecting a 25 bps rate cut. While the cut is largely priced in, commentary from the Fed Chairman will be crucial as inflation has started to rise.
• In commodities, bullion and metals have rallied in recent days, supported by a weaker dollar index.
• --------------------------------------------------------------------------
• Contributed by
• Ashok bhandari : INH000019549
• -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
• PM MODI Says Thank you, my friend, President Trump, for your phone call and warm greetings on my 75th birthday.
• Like you, I am also fully committed to taking the India-US Comprehensive and Global Partnership to new heights.
• We support your initiatives towards a peaceful resolution of the Ukraine conflict.
• Donald Trump on Truth Social;
• 'Just had a wonderful phone call with my friend, Prime Minister Narendra Modi. I wished him a very Happy Birthday! He is doing a tremendous job. Narendra: Thank you for your support on ending the War between Russia and Ukraine! President DJT'
• SURAJ INDUSTRIES LTD
• Approves Right Issue of 120 crores
• @beatthestreet10
• Kaaya Limited to consider fundraising on 18th Sept-25
• @beatthestreet10
• SHORT COVERING TODAY IN VARUN BEVERAGES?
• TOO MUCH PESSIMISM BUILT IN COUNTER
• DREAM OVER FOR DREAMFOLKS?
• What’s the news?
• -Services of domestic airport lounges have been discontinued to clients, effective today.
• -The impact of the same is material.
• -Other domestic services and the global lounge business will continue as usual.
• What’s the impact?
• 87% revenue comes from domestic operations.
• 6% revenue comes from non-lounge services.
• 80% revenue to be impacted.
• Source – annual report/calculations by ET Now.
• Why the pressure on the company?
• -Certain programs with ICICI Bank and Axis Bank closed w.e.f. July 1.
• -Institutions have been selling stake over the last 2–3 years.
• DreamFolks loses moat:
• -The lounge biz is dependent on relations with bankers.
• -Recently, banks have started rolling back freebies like lounge access.
• -Large airport operators may provide direct access to lounges.
• Financials trend (in Rs cr):
• Dec 2024: Revenue 340, PAT 18
• March 2025: Revenue 314, PAT 16
• June 2025: Revenue 395, PAT 22
• Shareholding pattern changes:
• Dec 2024: MOSL MF 7.1%, FIIs 2.5%
• June 2025: MOSL MF 3.1%, FIIs 0.7%
• Stock tracker:
• Life-time high: -83%
• 1-year: -73%
• 2025 YTD: -65%
• @beatthestreet10
• YES BANK
• YES Bank has received an independently assigned ESG Rating of '69' from SEBI-registered ESG Risk Assessments & Insights Ltd.
• The rating is based on the Bank’s FY25 disclosures and other publicly available data.
• Reflects focus on sustainability & governance standards.
• RailTel Corporation of India Ltd
• RailTel has received a Letter of Acceptance (LOA) from Bihar State Educational Infrastructure Development Corporation Ltd.
• Project: Hybrid Smart Classroom & ICT Lab setup.
• Value: ₹57.48 crore.
• Strengthens RailTel’s presence in digital & education infra space.
• Roto Pumps Ltd
• Roto Pumps has secured a major sales order from GPS Renewables Pvt Ltd.
• Order Value: ₹7.25 crore (exclusive of GST)
• Scope: Supply of Progressive Cavity Pumps
• Completion: Within the current financial year
• Strengthens order book & reinforces presence in renewable energy solutions
• Morgan Stanley View – India Strategy
• Key Risks
• • Global growth slowdown
• • Higher global commodity prices
• Return on Equity (ROE)
• • MSCI India ROE at 15.3% in 2024, in line with long-term avg
• • ROE expected to move higher in next 3–4 years
• • Gap contracted in 2024 → reflects growth slowdown in H2CY24
• • India continues to report ROE above global averages
• • Current dip seen as temporary → ROE set to rise again
• @beatthestreet10
• Morgan Stanley on AB Fashion & Retail
• • OW, TP ₹131
• • ABFRL launched OWND!, a value fashion brand for Gen Z & trend-conscious consumers
• • New brand with fresh identity, store layouts & trend-driven products
• • Existing StyleUp stores (46 stores across 18 cities in FY25) to be converted into OWND! stores
• • Plans to expand to 100 stores by FY26
• Jefferies on HDFC Bank
• • Buy, TP ₹1200
• • GST expected to lift credit demand
• • US tariff impact seen minimal on loans
• • Asset quality stable / improving
• • Loan growth guidance: in-line with sector in FY26, faster in FY27
• • Operating efficiency to improve from FY27 with digital platforms & branch breakeven
• Growth improving, stable quality & efficiencies to support earnings & valuations
• UBS on Suzlon
• • Buy, TP ₹78
• • Secured 838 MW order from Tata Power → 2nd largest order to date
• • Tata Power’s 3rd order to Suzlon
• • Order book crosses 6.5 GW
• • FY26TD intake: 1.8 GW, on track to meet UBS forecast of 3.5 GW
• Supports sustainable execution ramp-up
• MOSL on Consumer Sector
• • HUL, P&G, Colgate offering trade schemes ahead of GST cut
• • Goal: encourage stocking, ensure smooth transition, protect shelf presence, gain share
• • Two-pronged approach:
• Upfront trade schemes pre-transition
• Revised MRPs applicable post 22nd Sept
• • Companies liquidating inventory via targeted trade offers
• MOSL on Consumer – Company Updates
• • HUL: Price cuts across soaps, shampoos, toothpaste, foods
• • Colgate: "Dhanvarsha Landing" scheme (11–21 Sep)
• • P&G: "GST Special Offer" – extra discounts (hair, oral, baby care)
• • L'Oréal: Aligning invoicing with GST cut date
• • Britannia: No MRP cuts yet, but 5% additional offer at wholesale/retail
• Target Prices:
• • Colgate – ₹2,850 (Buy)
• • HUL – ₹3,050 (Buy)
• • P&G – ₹15,000 (Neutral)
• • Britannia – ₹6,500 (Neutral)
• Morgan Stanley on Telecom
• • Operators rethinking monetization → removing entry-level plans, making higher-data plans more attractive
• • Differential pricing on high-data plans may support future monetization
• • BSNL: Tweaked packs (lower validity, OTT bundles), aligning with peers
• • RJio: Broadband push via offers (e.g., ZeroRisk Trial, 9th Anniversary Free 2M JioHome)
• MOSL on Retail
• • Apparel momentum improving, footwear waiting for GST cut
• • Value retail showing sustained demand
• • Festive + GST tailwinds building optimism
• • Formal wear showing strong momentum via loyalty-led growth
• • Footwear demand subdued but expected to revive with GST cut + festive season
• Investec on Belrise:
• Initiates Buy, TP ₹185
• Strong growth outlook in 2W & 4W auto ancillary segments with rising OEM partnerships and product premiumization.
• Forecasts 30% PAT CAGR (FY25-28E) backed by 12% EBITDA CAGR & de-leveraging.
• 4W revenue share to grow from 9% (FY25) to 14% (FY28), boosting TAM and valuation rerating.
• Karur Vysya Bank – Credit Rating Reaffirmed
• ICRA reaffirmed A1+ rating for the Bank’s ₹10,000 Cr Certificate of Deposit Programme.
• Rating action communicated on Sept 16, 2025.
• Impact: Positive — Strong reaffirmation reflects stable credit profile & funding strength.
• CLSA's VIKASH JAIN Says India remained the least favoured EM for FIls in August, with outflow of $4.3 bn across all fund categories, making it the worst-performing large market in US Dollar terms.
• FIls are tracking another $0.1 bn of outflows so far in September. Flls rotated into consumer discretionary, driven by GST rate cut optimism, with the bulk of the allocation going to auto.
• We added UltraTech to the CLSA optimism, with the bulk of the allocation going to auto.
• We added UltraTech to the CLSA India focus portfolio for exposure to potential margin gains from continued pricing discipline and favourable GST changes.
• We favour consumption, real estate, oil & gas and IT in our Portfolio
• L&T : WINS RS 2500-5000 CR RANGE ORDER
• L&T ; CO WINS LARGE STATCOM & SCADA ORDERS IN INDIA, UAE & OMAN
• India orders – Revamp of power distribution with SCADA & smart technology integration in two towns; includes transformer station upgrades and underground cabling. (Positive)
• UAE orders – Design & construction of two +300 MVar STATCOM systems for dynamic reactive power compensation at 400 kV substations. (Positive)
• Oman order – Establishing a 400/132 kV grid station with transmission line segment. (Positive)
• Reinforces L&T’s role in building future-ready grid infrastructure supporting energy transition & sustainability. (Positive)
• Overall Impact: Positive for L&T (order book growth, international expansion, strong positioning in grid infra).
• GUJARAT FLUROCHEMICALS; 14 Lk Shares (1.28% Eq) Worth ₹500 Cr Change Hands At ₹3,565/sh Via Block Deals
• Motilal Oswal On NSDL
• Initiating coverage, target price ₹1,200, Neutral rating
• Shaping tomorrow's capital markets
• NSDL is well-placed to tap rising retail inflows and institutional custody growth
• Demat penetration at 15% vs 60%+ in the US
• NSDL revenue per active account at ~157 in FY25 - nearly 3x that of CDSL.
• We expect a revenue/EBITDA/PAT CAGR of 5%/14%/15% over FY25-28
• In a duopoly market, NSDL's pricing power supports premium valuations for depositories
• We believe the stock is fairly valued, and all the positives are priced in at current levels