BSE 250 SMALLCAP

India’s benchmark indices closed higher for the fifth straight session on September 9, led by a rebound in software exporters after Infosys announced it would consider a share buyback.

The rally tracked firm global markets, with investors betting on the likelihood of a U.S. Federal Reserve rate cut at its upcoming policy meeting.

At close, the Sensex rose 314 points, or 0.39 percent, to 81,101, while the Nifty 50 gained 95.45 points, or 0.39 percent, to settle at 24,868.60. The rupee also strengthened against the U.S. dollar, recovering from record lows touched last week.

“Domestic equities edged higher on positive global cues, with IT stocks rallying on Infosys’s buyback announcement despite prevailing headwinds. Auto stocks, however, saw profit-booking after recent gains on GST rationalisation. While sentiment remains range-bound amid global uncertainties, prospects of a Fed rate cut and supportive domestic macros may sustain optimism in the near term,” said Vinod Nair, Head of Research, Geojit Financial Services.

Infosys was the top contributor to the Nifty’s gains, surging 5 percent—its steepest rise since May 12. Tech Mahindra, HCL Tech and TCS advanced between 1 percent and 2 percent, lifting the Nifty IT index 2.7 percent. Pharma and FMCG added 1 percent and 0.6 percent, respectively, while Realty and Oil &amp; Gas slipped 0.2 percent each.

On the technical front, Nifty reclaimed its 100-day moving average at 24,820. “Momentum indicators have turned positive, with the RSI crossing above 50, pointing to short-term bullishness. However, the index faces a crucial resistance near the 25,000 mark. A decisive breakout above this zone is required to confirm a fresh upward leg, while immediate support lies at the 21-DMA of 24,720,” said Nilesh Jain, Head – Technical and Derivatives Research, Centrum Broking.

Investor focus now shifts to key U.S. inflation prints, with producer price data due Wednesday and consumer price data on Thursday.

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Markets extend gains on IT surge; Infosys share buyback buzz lifts sentiment

India’s benchmark indices closed higher for the fifth straight session on September 9, led by a rebound in software exporters after Infosys announced it would consider a share buyback.

The rally tracked firm global markets, with investors betting on the likelihood of a U.S. Federal Reserve rate cut at its upcoming policy meeting.

At close, the Sensex rose 314 points, or 0.39 percent, to 81,101, while the Nifty 50 gained 95.45 points, or 0.39 percent, to settle at 24,868.60. The rupee also strengthened against the U.S. dollar, recovering from record lows touched last week.

“Domestic equities edged higher on positive global cues, with IT stocks rallying on Infosys’s buyback announcement despite prevailing headwinds. Auto stocks, however, saw profit-booking after recent gains on GST rationalisation. While sentiment remains range-bound amid global uncertainties, prospects of a Fed rate cut and supportive domestic macros may sustain optimism in the near term,” said Vinod Nair, Head of Research, Geojit Financial Services.

Infosys was the top contributor to the Nifty’s gains, surging 5 percent—its steepest rise since May 12. Tech Mahindra, HCL Tech and TCS advanced between 1 percent and 2 percent, lifting the Nifty IT index 2.7 percent. Pharma and FMCG added 1 percent and 0.6 percent, respectively, while Realty and Oil &amp;amp; Gas slipped 0.2 percent each.

On the technical front, Nifty reclaimed its 100-day moving average at 24,820. “Momentum indicators have turned positive, with the RSI crossing above 50, pointing to short-term bullishness. However, the index faces a crucial resistance near the 25,000 mark. A decisive breakout above this zone is required to confirm a fresh upward leg, while immediate support lies at the 21-DMA of 24,720,” said Nilesh Jain, Head – Technical and Derivatives Research, Centrum Broking.

Investor focus now shifts to key U.S. inflation prints, with producer price data due Wednesday and consumer price data on Thursday.

Indian equity indices ended with strong gains on September 9 with Nifty above 24,850, led by IT, pharma, FMCG stocks.

On the back of positive global markets, Indian indices opened with a gain and despite intraday profit booking the indices managed to hold on to the gains with Nifty inching closer to 24,900, intraday, before closing near day's high.

At close, the Sensex was up 314.02 points or 0.39 percent at 81,101.32, and the Nifty was up 95.45 points or 0.39 percent at 24,868.60. BSE Midcap and Smallcap indices were up 0.2% each.

Infosys, Dr Reddy's Labs, Wipro, Tech Mahindra, Adani Ports were among major gainers on the Nifty, while losers included Eternal, Trent, Jio Financial, Tata Motors, Titan Company.

On the sectoral front, IT index up 2.8%, pharma and FMCG up 0.5% each, while oil &amp; gas, realty indices down 0.3% each.

Also Read: <a href="https://www.moneycontrol.com/news/business/india-prepares-fresh-20-billion-plan-to-woo-chipmakers-build-fab-ecosystem-13531191.html">India prepares fresh $20 billion plan to woo chipmakers, build fab ecosystem</a>

In stock-specific action, Infosys shares jumped 5% ahead of board meet to consider share buyback proposal, Voltamp Transformers shares slipped 2.6% post 8.12 lakh shares (8% equity) change hands in block deal, RailTel Corporation of India rose 4% on winning multiple orders worth Rs 713.55 crore, FSN E-Commerce Ventures (Nykaa) shares fell 2.4% after 1.23 million shares change hands in block trade.

More than 130 stocks touched their 52-week highs on the BSE, including Cummins India, Maharashtra Scooters, Eicher Motors, Muthoot Finance, Aditya Birla Capital, Maruti Suzuki, Bosch, M&amp;M, Endurance Technnologies, Manappuram Finance, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php">Click to View More</a>

Outlook for September 10

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing weakness from the highs on Monday, Nifty continued with range bound action with positive bias on Tuesday and closed the day with modest gains of 95 points. After opening with an upside gap of 90 points, the market shifted into a narrow high low range movement that lasted for the whole session. The opening upside gap remains unfilled and Nifty closed at the highs.

A small candle was formed on the daily chart with minor upper and lower shadow and with almost identical open and close. This market action indicates a formation of doji type candle pattern. But, having formed this pattern amidst a broader range bound action, the predictive value of this pattern could be less.

The underlying trend of Nifty remains positive with choppy movement. Nifty is apparently creating base for decisive upside breakout of important resistance zone of around 24900-25000 levels (down sloping trend line and recent weekly highs). Immediate support is placed at 24750.

Vaibhav Vidwani, Research Analyst at Bonanza

Today, the Indian stock market closed on a positive note, with both the Nifty 50 and Sensex ending higher buoyed mainly by robust gains in the IT sector, alongside favourable global cues and renewed investor confidence in large cap names. The Nifty 50 settled at 24,868.6, rising 95 points (+0.39%), while the Sensex closed at 81,101.32, up 314 points (+0.39%).

The positive close was propelled by strong buying in IT stocks, with the Nifty IT index rallying 2.8%. The rally gained traction after Infosys announced a proposed share buyback, which improved sentiment across the sector.

Global equity optimism, on account of expectations for US Federal Reserve interest rate cuts and strong recent performances of US tech indices like Nasdaq, created a tailwind for domestic technology stocks. Additionally, a steady rupee and stable oil prices added to the upbeat market mood. Sectoral rotation saw midcaps remain subdued and profit-booking in autos after Monday’s sharp rally.

Broad-based gains in IT, pharma, and FMCG stocks lifted the benchmarks, while realty, auto, and oil &amp; gas sectors saw some selling. Market breadth was mixed, while large caps shone, midcap and smallcap participation was muted. Investors are closely watching upcoming inflation data from India and the US for clues on the Federal Reserve’s rate outlook, which will remain key for short term direction.

The proposed second weekly derivatives expiry on Nifty supports current volumes and volatility. With a positive undertone and sectoral rotation fueling resilience in large caps, near term market trajectory is likely to hinge on global monetary signals and domestic macro numbers.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Taking Stock: Nifty closes above 24,850, Sensex gains 314 pts; IT stocks shine

Indian equity indices ended with strong gains on September 9 with Nifty above 24,850, led by IT, pharma, FMCG stocks.

On the back of positive global markets, Indian indices opened with a gain and despite intraday profit booking the indices managed to hold on to the gains with Nifty inching closer to 24,900, intraday, before closing near day's high.

At close, the Sensex was up 314.02 points or 0.39 percent at 81,101.32, and the Nifty was up 95.45 points or 0.39 percent at 24,868.60. BSE Midcap and Smallcap indices were up 0.2% each.

Infosys, Dr Reddy's Labs, Wipro, Tech Mahindra, Adani Ports were among major gainers on the Nifty, while losers included Eternal, Trent, Jio Financial, Tata Motors, Titan Company.

On the sectoral front, IT index up 2.8%, pharma and FMCG up 0.5% each, while oil &amp;amp; gas, realty indices down 0.3% each.

Also Read: India prepares fresh $20 billion plan to woo chipmakers, build fab ecosystem

In stock-specific action, Infosys shares jumped 5% ahead of board meet to consider share buyback proposal, Voltamp Transformers shares slipped 2.6% post 8.12 lakh shares (8% equity) change hands in block deal, RailTel Corporation of India rose 4% on winning multiple orders worth Rs 713.55 crore, FSN E-Commerce Ventures (Nykaa) shares fell 2.4% after 1.23 million shares change hands in block trade.

More than 130 stocks touched their 52-week highs on the BSE, including Cummins India, Maharashtra Scooters, Eicher Motors, Muthoot Finance, Aditya Birla Capital, Maruti Suzuki, Bosch, M&amp;amp;M, Endurance Technnologies, Manappuram Finance, among others. Click to View More

Outlook for September 10

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing weakness from the highs on Monday, Nifty continued with range bound action with positive bias on Tuesday and closed the day with modest gains of 95 points. After opening with an upside gap of 90 points, the market shifted into a narrow high low range movement that lasted for the whole session. The opening upside gap remains unfilled and Nifty closed at the highs.

A small candle was formed on the daily chart with minor upper and lower shadow and with almost identical open and close. This market action indicates a formation of doji type candle pattern. But, having formed this pattern amidst a broader range bound action, the predictive value of this pattern could be less.

The underlying trend of Nifty remains positive with choppy movement. Nifty is apparently creating base for decisive upside breakout of important resistance zone of around 24900-25000 levels (down sloping trend line and recent weekly highs). Immediate support is placed at 24750.

Vaibhav Vidwani, Research Analyst at Bonanza

Today, the Indian stock market closed on a positive note, with both the Nifty 50 and Sensex ending higher buoyed mainly by robust gains in the IT sector, alongside favourable global cues and renewed investor confidence in large cap names. The Nifty 50 settled at 24,868.6, rising 95 points (+0.39%), while the Sensex closed at 81,101.32, up 314 points (+0.39%).

The positive close was propelled by strong buying in IT stocks, with the Nifty IT index rallying 2.8%. The rally gained traction after Infosys announced a proposed share buyback, which improved sentiment across the sector.

Global equity optimism, on account of expectations for US Federal Reserve interest rate cuts and strong recent performances of US tech indices like Nasdaq, created a tailwind for domestic technology stocks. Additionally, a steady rupee and stable oil prices added to the upbeat market mood. Sectoral rotation saw midcaps remain subdued and profit-booking in autos after Monday’s sharp rally.

Broad-based gains in IT, pharma, and FMCG stocks lifted the benchmarks, while realty, auto, and oil &amp;amp; gas sectors saw some selling. Market breadth was mixed, while large caps shone, midcap and smallcap participation was muted. Investors are closely watching upcoming inflation data from India and the US for clues on the Federal Reserve’s rate outlook, which will remain key for short term direction.

The proposed second weekly derivatives expiry on Nifty supports current volumes and volatility. With a positive undertone and sectoral rotation fueling resilience in large caps, near term market trajectory is likely to hinge on global monetary signals and domestic macro numbers.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Live: IT stocks drive Nifty above 24,850 on weekly expiry day | Closing Bell | 4K

Indian benchmark indices stayed in positive territory on September 9 but were off the day’s highs as the market navigated the weekly derivatives expiry of Nifty contracts.
Around noon, the Sensex climbed 278 points, or 0.34 percent, to 81,065.45, while the Nifty gained 83 points, or 0.34 percent, to 24,856.40. Market breadth was weak with 1,743 stocks advancing, 1,828 declining, and 149 remaining unchanged.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-09-09-2025-liveblog-13530739.html">Catch all the market action on our LIVE blog</a>

Broader markets showed a mixed trend in intra-day trade, though smallcaps outperformed. India VIX inched up by 1 percent but remained at comfortable levels, signaling no immediate sign of panic.

On the sectoral front, Nifty IT was the standout performer after Infosys announced it will consider a share buyback via the open market on September 11 — its first in three years. Infosys shares gained 4 percent in response. Nifty Pharma also added nearly 0.5 percent, led by Sun Pharma, Cipla, Dr Reddy’s, and Zydus Life.

In contrast, the Bank Nifty slipped with a mild negative bias, while the Nifty Auto index witnessed profit-taking after a strong rally sparked by GST relief news.

Looking ahead, analysts at ICICI Securities see strong support for Nifty around 24,400, which coincides with the last two weeks’ identical lows and the lower band of the contracting range. This suggests demand could emerge at lower levels, supporting the continuation of the primary uptrend.

Experts believe the current consolidation phase offers opportunities to accumulate quality names backed by solid earnings, especially companies set to benefit from GST reforms and festive season demand.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sensex up 250 pts, Nifty holds 24,850 on expiry day; IT stocks buzzing on Infosys buyback plans

Sensex up 250 pts on expiry day, Nifty holds 24,850; IT stocks buzzing on Infosys buyback plans

Indian benchmark indices stayed in positive territory on September 9 but were off the day’s highs as the market navigated the weekly derivatives expiry of Nifty contracts.
Around noon, the Sensex climbed 278 points, or 0.34 percent, to 81,065.45, while the Nifty gained 83 points, or 0.34 percent, to 24,856.40. Market breadth was weak with 1,743 stocks advancing, 1,828 declining, and 149 remaining unchanged.

Catch all the market action on our LIVE blog

Broader markets showed a mixed trend in intra-day trade, though smallcaps outperformed. India VIX inched up by 1 percent but remained at comfortable levels, signaling no immediate sign of panic.

On the sectoral front, Nifty IT was the standout performer after Infosys announced it will consider a share buyback via the open market on September 11 — its first in three years. Infosys shares gained 4 percent in response. Nifty Pharma also added nearly 0.5 percent, led by Sun Pharma, Cipla, Dr Reddy’s, and Zydus Life.

In contrast, the Bank Nifty slipped with a mild negative bias, while the Nifty Auto index witnessed profit-taking after a strong rally sparked by GST relief news.

Looking ahead, analysts at ICICI Securities see strong support for Nifty around 24,400, which coincides with the last two weeks’ identical lows and the lower band of the contracting range. This suggests demand could emerge at lower levels, supporting the continuation of the primary uptrend.

Experts believe the current consolidation phase offers opportunities to accumulate quality names backed by solid earnings, especially companies set to benefit from GST reforms and festive season demand.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The benchmark equity indices advanced in September 9 trade, tracking gains in global markets and supported by buying in IT shares amid expectations of a US Federal Reserve rate cut.

Sensex climbed 314.02 points or 0.39 percent to settle at 81,101.32. During the day, it surged 394.07 points or 0.48 percent to 81,181.37. The Nifty rose by 95.45 points or 0.39 percent to 24,868.60, registering its fifth day of gain.

Key factors behind market rise

1) Buying in IT shares: Shares of Infosys jumped more than 4 percent after the company announced that its board will meet on September 11 to consider a proposal for buyback of shares. Nifty IT index rose more than 2 percent in the morning to 35,095 as sharp rise in heavyweights Infosys and Wipro contributed to the uptick in the sectoral index.

<a href="https://www.moneycontrol.com/news/business/markets/infosys-shares-jump-3-ahead-of-board-meet-to-consider-share-buyback-proposal-on-sept-11-13531359.html" target="_blank">Infosys shares jump 4% ahead of board meet to consider share buyback proposal on Sept 11</a>

2) Hopes of US Fed Rate Cut: The weak jobs report reinforced investor expectations that the Federal Reserve will soon lower borrowing costs to support economic growth. "Friday’s troubling non-farm payrolls report deepened concerns about a weakening US job market and potential slowdown. Investors now anticipate multiple rate cuts this year, with markets pricing in aggressive Fed easing to address labour market deterioration," said Devarsh Vakil, Head of Prime Research, HDFC Securities.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-09-09-2025-liveblog-13530739.html" target="_blank">Stock Market LIVE Updates</a>

3) Rally in global markets: In Asia, South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng traded higher. On Wall Street, the Nasdaq touched a record high on rate cut hopes, led by gains in technology stocks. The S&amp;P 500 also advanced, while US futures indicated a positive opening.

4) GST rate cut optimism: Sentiment also got a lift from recent GST rate cuts announcement on daily essentials and personal-use items. "Autos are the major beneficiaries of GST reforms, and demand is expected to remain strong post-September 22," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

5) Rupee rises: The rupee appreciated 14 paise to 87.95 against the US dollar in early trade, tracking positive domestic equities. However, concerns over US tariffs on India and global uncertainties kept traders cautious.

What experts say? 

On the technical front, Anand James, Chief Market Strategist at Geojit Financial Services, said, "Upside momentum vanished on test of 24,870, which we had pencilled in as a critical pivot. Oscillators remain accommodative towards further upsides. A close beyond the 24,730–870 range will provide clarity."

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Sensex settles 300 pts higher, Nifty above 24,850: Buying in IT shares among key factors behind market rise

The benchmark equity indices advanced in September 9 trade, tracking gains in global markets and supported by buying in IT shares amid expectations of a US Federal Reserve rate cut.

Sensex climbed 314.02 points or 0.39 percent to settle at 81,101.32. During the day, it surged 394.07 points or 0.48 percent to 81,181.37. The Nifty rose by 95.45 points or 0.39 percent to 24,868.60, registering its fifth day of gain.

Key factors behind market rise

1) Buying in IT shares: Shares of Infosys jumped more than 4 percent after the company announced that its board will meet on September 11 to consider a proposal for buyback of shares. Nifty IT index rose more than 2 percent in the morning to 35,095 as sharp rise in heavyweights Infosys and Wipro contributed to the uptick in the sectoral index.

Infosys shares jump 4% ahead of board meet to consider share buyback proposal on Sept 11

2) Hopes of US Fed Rate Cut: The weak jobs report reinforced investor expectations that the Federal Reserve will soon lower borrowing costs to support economic growth. &quot;Friday’s troubling non-farm payrolls report deepened concerns about a weakening US job market and potential slowdown. Investors now anticipate multiple rate cuts this year, with markets pricing in aggressive Fed easing to address labour market deterioration,&quot; said Devarsh Vakil, Head of Prime Research, HDFC Securities.

Stock Market LIVE Updates

3) Rally in global markets: In Asia, South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng traded higher. On Wall Street, the Nasdaq touched a record high on rate cut hopes, led by gains in technology stocks. The S&amp;amp;P 500 also advanced, while US futures indicated a positive opening.

4) GST rate cut optimism: Sentiment also got a lift from recent GST rate cuts announcement on daily essentials and personal-use items. &quot;Autos are the major beneficiaries of GST reforms, and demand is expected to remain strong post-September 22,&quot; said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

5) Rupee rises: The rupee appreciated 14 paise to 87.95 against the US dollar in early trade, tracking positive domestic equities. However, concerns over US tariffs on India and global uncertainties kept traders cautious.

What experts say? 

On the technical front, Anand James, Chief Market Strategist at Geojit Financial Services, said, &quot;Upside momentum vanished on test of 24,870, which we had pencilled in as a critical pivot. Oscillators remain accommodative towards further upsides. A close beyond the 24,730–870 range will provide clarity.&quot;

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

6 out of 8 years BSE 250 SMALLCAP has given positive returns in September.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	6,802.00	6,828.68	6,853.73	6,776.95	6,750.27	6,725.22	6,698.54
Fibonacci	6,796.71	6,808.92	6,828.68	6,776.95	6,757.19	6,744.98	6,725.22
Camarilla	6,780.06	6,784.80	6,789.55	6,776.95	6,770.58	6,765.84	6,761.09

INDEX CONTRIBUTION - BSE 250 SMALLCAP

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