NIFTY BANK

<img class="size-full wp-image-13544123" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250320041134_sensex_nifty-marketup_sensexup-Niftyup.jpg" alt="Market witnessed rangebound activity with positive bias helping indices to extend gains in the second consecutive week, posting biggest weekly gain in nearly 3 months on hopes of easing India-US trade tension, expectation of rate cut by the Federal Reserve and reports that the EU may reject US tariff proposals on India’s Russian oil imports." width="1280" height="720" /> Market witnessed rangebound activity with positive bias helping indices to extend gains in the second consecutive week, posting biggest weekly gain in nearly 3 months on hopes of easing India-US trade tension, expectation of rate cut by the Federal Reserve and reports that the EU may reject US tariff proposals on India’s Russian oil imports.

<img class="size-full wp-image-13544127" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913033730_bse-nsee_nifty-Sensex.jpg" alt="For the week, Nifty50 added 373 points or 1.50 percent to end at 25,114, while the BSE Sensex index added 1193.94 points or 1.47 percent to end at 81,904.70." width="1280" height="720" /> For the week, Nifty50 added 373 points or 1.50 percent to end at 25,114, while the BSE Sensex index added 1193.94 points or 1.47 percent to end at 81,904.70.

<img class="size-full wp-image-13544129" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034002_sensex_stocks_nifty_stockmarket.jpg" alt="BSE Mid-cap Index jumped 1.6 percent led by Gujarat Fluorochemicals, Mazagon Dock Shipbuilders, Oracle Financial Services Software, Tube Investments of India, Bharat Heavy Electricals, Bharat Forge, NHPC. " width="1280" height="720" /> BSE Mid-cap Index jumped 1.6 percent led by Gujarat Fluorochemicals, Mazagon Dock Shipbuilders, Oracle Financial Services Software, Tube Investments of India, Bharat Heavy Electricals, Bharat Forge, NHPC.

<img class="size-full wp-image-13544130" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034028_sensex_nifty_stock-stocks_stock.jpg" alt="The BSE Large-cap Index added 1.6 percent supported by Waaree Energies, Samvardhana Motherson International, Adani Energy Solutions, SBI Cards &amp; Payment Services, Hindustan Aeronautics, Bharat Electronics, Indus Towers. " width="1280" height="720" /> The BSE Large-cap Index added 1.6 percent supported by Waaree Energies, Samvardhana Motherson International, Adani Energy Solutions, SBI Cards &amp; Payment Services, Hindustan Aeronautics, Bharat Electronics, Indus Towers.

<img class="size-full wp-image-13544112" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250305041212_stock_market_recovery_1280x720.jpg" alt="The BSE Small-cap index rose 1.5 percent with Sigachi Industries, Faze Three, Precision Camshafts, SMS Pharmaceuticals, Themis Medicare, Indo Count Industries, MTAR Technologies, IOL Chemicals and Pharmaceuticals, Prime Focus, New Delhi Television, India Tourism Development Corporation, Swelect Energy Systems, Greenpanel Industries, Dilip Buildcon, Garware Hi-Tech Films, JBM Auto, Ramco Industries, Salasar Techno Engineering rising 15-36 percent. On the other hand, KR Rail Enginerring, Paradeep Phosphates, Good Luck India, Reliance Infrastructure, Vimta Labs, Rishabh Instruments, CarTrade Tech fell between 10-16 percent." width="1280" height="720" /> The BSE Small-cap index rose 1.5 percent with Sigachi Industries, Faze Three, Precision Camshafts, SMS Pharmaceuticals, Themis Medicare, Indo Count Industries, MTAR Technologies, IOL Chemicals and Pharmaceuticals, Prime Focus, New Delhi Television, India Tourism Development Corporation, Swelect Energy Systems, Greenpanel Industries, Dilip Buildcon, Garware Hi-Tech Films, JBM Auto, Ramco Industries, Salasar Techno Engineering rising 15-36 percent. On the other hand, KR Rail Enginerring, Paradeep Phosphates, Good Luck India, Reliance Infrastructure, Vimta Labs, Rishabh Instruments, CarTrade Tech fell between 10-16 percent.

<img class="size-full wp-image-13544131" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034106_market_stocks_sensex_Nifty.jpg" alt="Among sectors, except Nifty Consumer Durables (down 1 percent), all other indices ended in the green with Nifty Defence index rose 7 percent, Nifty IT index jumped over 4 percent, Nifty PSU Bank index added 3 percent, while Nifty Auto, Metal, Pharma jumped 2 percent each." width="1280" height="720" /> Among sectors, except Nifty Consumer Durables (down 1 percent), all other indices ended in the green with Nifty Defence index rose 7 percent, Nifty IT index jumped over 4 percent, Nifty PSU Bank index added 3 percent, while Nifty Auto, Metal, Pharma jumped 2 percent each.

<img class="size-full wp-image-13544132" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034140_sensex_nifty_stocknew.jpg" alt="During the week, Bajaj Finance added the most in terms of market value, followed by Infosys, Tata Consultancy Services, Reliance Industries. On the other hand, Trent, Hindustan Unilever, Titan Company, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Bajaj Finance added the most in terms of market value, followed by Infosys, Tata Consultancy Services, Reliance Industries. On the other hand, Trent, Hindustan Unilever, Titan Company, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

<img class="size-full wp-image-13544134" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034208_close-up-businessman-is-analyzing-data-office.jpg" alt="Foreign Institutional Investors (FIIs) extended their selling in the 11th straight week, as they offload equities worth Rs 3,577.37 crore. On the other hand, Domestic Institutional Investors (DII) continued their buying in 22nd week, as they purchased equities worth Rs 13,703.23crore." width="1280" height="720" /> Foreign Institutional Investors (FIIs) extended their selling in the 11th straight week, as they offload equities worth Rs 3,577.37 crore. On the other hand, Domestic Institutional Investors (DII) continued their buying in 22nd week, as they purchased equities worth Rs 13,703.23crore.

<img class="size-full wp-image-13544136" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034249_rupee_dollar.jpg" alt="Indian rupee touched fresh record low of 88.45 against the US dollar. The Indian unit closed flat at 88.27 per dollar on September 12 against the September 5 closing of 88.26. During the week the Indian rupee traded in the range of 87.95-88.45." width="1280" height="720" /> Indian rupee touched fresh record low of 88.45 against the US dollar. The Indian unit closed flat at 88.27 per dollar on September 12 against the September 5 closing of 88.26. During the week the Indian rupee traded in the range of 87.95-88.45.

Foreign Institutional Investors (FIIs) extended their selling in the 11th straight week, as they offload equities worth Rs 3,577.37 crore. On the other hand, Domestic Institutional Investors (DII) continued their buying in 22nd week, as they purchased equities worth Rs 13,703.23crore.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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Use of Artificial Intelligence

Market witnessed rangebound activity with positive bias helping indices to extend gains in the second consecutive week, posting biggest weekly gain in nearly 3 months on hopes of easing India-US trade tension, expectation of rate cut by the Federal Reserve and reports that the EU may reject US tariff proposals on India’s Russian oil imports.

For the week, Nifty50 added 373 points or 1.50 percent to end at 25,114, while the BSE Sensex index added 1193.94 points or 1.47 percent to end at 81,904.70.

BSE Mid-cap Index jumped 1.6 percent led by Gujarat Fluorochemicals, Mazagon Dock Shipbuilders, Oracle Financial Services Software, Tube Investments of India, Bharat Heavy Electricals, Bharat Forge, NHPC. 

The BSE Large-cap Index added 1.6 percent supported by Waaree Energies, Samvardhana Motherson International, Adani Energy Solutions, SBI Cards &amp; Payment Services, Hindustan Aeronautics, Bharat Electronics, Indus Towers. 

The BSE Small-cap index rose 1.5 percent with Sigachi Industries, Faze Three, Precision Camshafts, SMS Pharmaceuticals, Themis Medicare, Indo Count Industries, MTAR Technologies, IOL Chemicals and Pharmaceuticals, Prime Focus, New Delhi Television, India Tourism Development Corporation, Swelect Energy Systems, Greenpanel Industries, Dilip Buildcon, Garware Hi-Tech Films, JBM Auto, Ramco Industries, Salasar Techno Engineering rising 15-36 percent. On the other hand, KR Rail Enginerring, Paradeep Phosphates, Good Luck India, Reliance Infrastructure, Vimta Labs, Rishabh Instruments, CarTrade Tech fell between 10-16 percent.

Among sectors, except Nifty Consumer Durables (down 1 percent), all other indices ended in the green with Nifty Defence index rose 7 percent, Nifty IT index jumped over 4 percent, Nifty PSU Bank index added 3 percent, while Nifty Auto, Metal, Pharma jumped 2 percent each.

During the week, Bajaj Finance added the most in terms of market value, followed by Infosys, Tata Consultancy Services, Reliance Industries. On the other hand, Trent, Hindustan Unilever, Titan Company, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

Indian rupee touched fresh record low of 88.45 against the US dollar. The Indian unit closed flat at 88.27 per dollar on September 12 against the September 5 closing of 88.26. During the week the Indian rupee traded in the range of 87.95-88.45.

Market posts biggest weekly gain in nearly 3 months; rupee hits new low

<img class="size-full wp-image-13544123" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250320041134_sensex_nifty-marketup_sensexup-Niftyup.jpg" alt="Market witnessed rangebound activity with positive bias helping indices to extend gains in the second consecutive week, posting biggest weekly gain in nearly 3 months on hopes of easing India-US trade tension, expectation of rate cut by the Federal Reserve and reports that the EU may reject US tariff proposals on India’s Russian oil imports." width="1280" height="720" /> Market witnessed rangebound activity with positive bias helping indices to extend gains in the second consecutive week, posting biggest weekly gain in nearly 3 months on hopes of easing India-US trade tension, expectation of rate cut by the Federal Reserve and reports that the EU may reject US tariff proposals on India’s Russian oil imports.

<img class="size-full wp-image-13544127" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913033730_bse-nsee_nifty-Sensex.jpg" alt="For the week, Nifty50 added 373 points or 1.50 percent to end at 25,114, while the BSE Sensex index added 1193.94 points or 1.47 percent to end at 81,904.70." width="1280" height="720" /> For the week, Nifty50 added 373 points or 1.50 percent to end at 25,114, while the BSE Sensex index added 1193.94 points or 1.47 percent to end at 81,904.70.

<img class="size-full wp-image-13544129" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034002_sensex_stocks_nifty_stockmarket.jpg" alt="BSE Mid-cap Index jumped 1.6 percent led by Gujarat Fluorochemicals, Mazagon Dock Shipbuilders, Oracle Financial Services Software, Tube Investments of India, Bharat Heavy Electricals, Bharat Forge, NHPC. " width="1280" height="720" /> BSE Mid-cap Index jumped 1.6 percent led by Gujarat Fluorochemicals, Mazagon Dock Shipbuilders, Oracle Financial Services Software, Tube Investments of India, Bharat Heavy Electricals, Bharat Forge, NHPC.

<img class="size-full wp-image-13544130" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034028_sensex_nifty_stock-stocks_stock.jpg" alt="The BSE Large-cap Index added 1.6 percent supported by Waaree Energies, Samvardhana Motherson International, Adani Energy Solutions, SBI Cards &amp; Payment Services, Hindustan Aeronautics, Bharat Electronics, Indus Towers. " width="1280" height="720" /> The BSE Large-cap Index added 1.6 percent supported by Waaree Energies, Samvardhana Motherson International, Adani Energy Solutions, SBI Cards &amp; Payment Services, Hindustan Aeronautics, Bharat Electronics, Indus Towers.

<img class="size-full wp-image-13544112" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250305041212_stock_market_recovery_1280x720.jpg" alt="The BSE Small-cap index rose 1.5 percent with Sigachi Industries, Faze Three, Precision Camshafts, SMS Pharmaceuticals, Themis Medicare, Indo Count Industries, MTAR Technologies, IOL Chemicals and Pharmaceuticals, Prime Focus, New Delhi Television, India Tourism Development Corporation, Swelect Energy Systems, Greenpanel Industries, Dilip Buildcon, Garware Hi-Tech Films, JBM Auto, Ramco Industries, Salasar Techno Engineering rising 15-36 percent. On the other hand, KR Rail Enginerring, Paradeep Phosphates, Good Luck India, Reliance Infrastructure, Vimta Labs, Rishabh Instruments, CarTrade Tech fell between 10-16 percent." width="1280" height="720" /> The BSE Small-cap index rose 1.5 percent with Sigachi Industries, Faze Three, Precision Camshafts, SMS Pharmaceuticals, Themis Medicare, Indo Count Industries, MTAR Technologies, IOL Chemicals and Pharmaceuticals, Prime Focus, New Delhi Television, India Tourism Development Corporation, Swelect Energy Systems, Greenpanel Industries, Dilip Buildcon, Garware Hi-Tech Films, JBM Auto, Ramco Industries, Salasar Techno Engineering rising 15-36 percent. On the other hand, KR Rail Enginerring, Paradeep Phosphates, Good Luck India, Reliance Infrastructure, Vimta Labs, Rishabh Instruments, CarTrade Tech fell between 10-16 percent.

<img class="size-full wp-image-13544131" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034106_market_stocks_sensex_Nifty.jpg" alt="Among sectors, except Nifty Consumer Durables (down 1 percent), all other indices ended in the green with Nifty Defence index rose 7 percent, Nifty IT index jumped over 4 percent, Nifty PSU Bank index added 3 percent, while Nifty Auto, Metal, Pharma jumped 2 percent each." width="1280" height="720" /> Among sectors, except Nifty Consumer Durables (down 1 percent), all other indices ended in the green with Nifty Defence index rose 7 percent, Nifty IT index jumped over 4 percent, Nifty PSU Bank index added 3 percent, while Nifty Auto, Metal, Pharma jumped 2 percent each.

<img class="size-full wp-image-13544132" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034140_sensex_nifty_stocknew.jpg" alt="During the week, Bajaj Finance added the most in terms of market value, followed by Infosys, Tata Consultancy Services, Reliance Industries. On the other hand, Trent, Hindustan Unilever, Titan Company, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Bajaj Finance added the most in terms of market value, followed by Infosys, Tata Consultancy Services, Reliance Industries. On the other hand, Trent, Hindustan Unilever, Titan Company, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

<img class="size-full wp-image-13544134" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034208_close-up-businessman-is-analyzing-data-office.jpg" alt="Foreign Institutional Investors (FIIs) extended their selling in the 11th straight week, as they offload equities worth Rs 3,577.37 crore. On the other hand, Domestic Institutional Investors (DII) continued their buying in 22nd week, as they purchased equities worth Rs 13,703.23crore." width="1280" height="720" /> Foreign Institutional Investors (FIIs) extended their selling in the 11th straight week, as they offload equities worth Rs 3,577.37 crore. On the other hand, Domestic Institutional Investors (DII) continued their buying in 22nd week, as they purchased equities worth Rs 13,703.23crore.

<img class="size-full wp-image-13544136" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250913034249_rupee_dollar.jpg" alt="Indian rupee touched fresh record low of 88.45 against the US dollar. The Indian unit closed flat at 88.27 per dollar on September 12 against the September 5 closing of 88.26. During the week the Indian rupee traded in the range of 87.95-88.45." width="1280" height="720" /> Indian rupee touched fresh record low of 88.45 against the US dollar. The Indian unit closed flat at 88.27 per dollar on September 12 against the September 5 closing of 88.26. During the week the Indian rupee traded in the range of 87.95-88.45.

According to Ashwini Shami, co-founder and portfolio manager at OmniScience Capital, the first tranche of the India-US trade deal is expected only by November and is therefore unlikely to trigger a near-term relief rally in the market.

He noted, however, that more than the trade deal itself, the anticipated US Fed rate cut could act as a significant catalyst for FII inflows, potentially driving markets higher.

On the upcoming RBI monetary policy meetings in FY26, Shami said he sees room for multiple 25 bps rate cuts during the financial year, which would provide continued support to both economic growth and corporate earnings.

Considering the recent shift in Trump’s stance, do you anticipate an India–US trade deal in Q4CY25?

While the intentions are clear on both sides to resolve outstanding issues and progress toward a trade agreement, the process is expected to involve gradual, multi-stage negotiations. The commerce minister has indicated that the first tranche of the trade deal could be expected around November. Meanwhile, India has either concluded or is currently negotiating trade deals with several countries, including the UK, EFTA, UAE, Mauritius, and Australia, which could give it additional leverage in bilateral discussions with the US.

If yes, do you expect a relief rally in Indian equities going forward? What other potential triggers could drive the markets from here on?

Since the first tranche of the trade deal is expected only by November, it is unlikely to result in a near-term relief rally. However, more than the trade deal itself, the anticipated US Fed rate cut could be a significant trigger for FII inflows, potentially driving markets higher. We’ve already seen strong DII net buying, and any pause in FII net selling—similar to the trend seen from March to June this year—is expected to be a positive catalyst for the markets.

After the effective management of fiscal and monetary policies, do you expect further government initiatives to improve the ease of doing business in the coming months?

We view the government’s initiatives as long-term strategic efforts aimed at placing India on a high-growth trajectory during the coming decades of Amrit Kaal. Large-scale, high-quality capex in infrastructure, along with targeted support for sunrise and export-oriented sectors, is laying the foundation for sustainable growth.

The easing of supply chain bottlenecks has contributed to a low-inflation, low-interest-rate environment that should further support consumption. Tax relief measures and GST rationalizations are additional steps in this direction.

Given the significant reforms implemented so far this calendar year, are you confident about double-digit earnings growth in FY26, or do you have reservations?

Q1 GDP growth this year signals a return to a high-growth economic regime, with the services sector expanding at 9.3 percent. In Q1, listed companies reported moderate revenue growth of ~6 percent and earnings growth of ~9 percent. We expect earnings growth to return to double digits, supported by the festive season, increased consumption, tax cuts, and a benign interest rate environment.

Do you believe one more rate cut by the RBI would be sufficient to boost economic and earnings growth, in addition to the already announced interest rate reductions and government measures?

With inflation projected at around 3 percent for FY26—and recent CPI numbers of 1.6–2.1 percent over the past three months, at the lower end of the RBI’s target range—there is a strong case for a rate cut. Given the additional fiscal measures announced to support growth, the central bank has considerable flexibility in determining the timing of further cuts. We believe there is room for multiple 25 bps cuts during this financial year, which would provide continued support for economic and earnings growth.

Do you foresee a meaningful pickup in corporate lending only by Q4FY26?

We are already seeing a significant increase in borrowings in sectors such as Consumer Discretionary, Industrials, and Utilities. This is reflected in the rising capex-to-assets ratio across these segments. Over the past year, total debt for Industrials and Utilities has increased by 27.6 percent and 9.4 percent, respectively. This trend suggests that corporate lending momentum may pick up earlier than Q4 FY26, particularly in capex-heavy industries.

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.

Daily Voice: Fed rate cut, not India–US trade deal, may drive market rally, says this portfolio manager

According to Ashwini Shami, co-founder and portfolio manager at OmniScience Capital, the first tranche of the India-US trade deal is expected only by November and is therefore unlikely to trigger a near-term relief rally in the market.

He noted, however, that more than the trade deal itself, the anticipated US Fed rate cut could act as a significant catalyst for FII inflows, potentially driving markets higher.

On the upcoming RBI monetary policy meetings in FY26, Shami said he sees room for multiple 25 bps rate cuts during the financial year, which would provide continued support to both economic growth and corporate earnings.

Considering the recent shift in Trump’s stance, do you anticipate an India–US trade deal in Q4CY25?

While the intentions are clear on both sides to resolve outstanding issues and progress toward a trade agreement, the process is expected to involve gradual, multi-stage negotiations. The commerce minister has indicated that the first tranche of the trade deal could be expected around November. Meanwhile, India has either concluded or is currently negotiating trade deals with several countries, including the UK, EFTA, UAE, Mauritius, and Australia, which could give it additional leverage in bilateral discussions with the US.

If yes, do you expect a relief rally in Indian equities going forward? What other potential triggers could drive the markets from here on?

Since the first tranche of the trade deal is expected only by November, it is unlikely to result in a near-term relief rally. However, more than the trade deal itself, the anticipated US Fed rate cut could be a significant trigger for FII inflows, potentially driving markets higher. We’ve already seen strong DII net buying, and any pause in FII net selling—similar to the trend seen from March to June this year—is expected to be a positive catalyst for the markets.

After the effective management of fiscal and monetary policies, do you expect further government initiatives to improve the ease of doing business in the coming months?

We view the government’s initiatives as long-term strategic efforts aimed at placing India on a high-growth trajectory during the coming decades of Amrit Kaal. Large-scale, high-quality capex in infrastructure, along with targeted support for sunrise and export-oriented sectors, is laying the foundation for sustainable growth.

The easing of supply chain bottlenecks has contributed to a low-inflation, low-interest-rate environment that should further support consumption. Tax relief measures and GST rationalizations are additional steps in this direction.

Given the significant reforms implemented so far this calendar year, are you confident about double-digit earnings growth in FY26, or do you have reservations?

Q1 GDP growth this year signals a return to a high-growth economic regime, with the services sector expanding at 9.3 percent. In Q1, listed companies reported moderate revenue growth of ~6 percent and earnings growth of ~9 percent. We expect earnings growth to return to double digits, supported by the festive season, increased consumption, tax cuts, and a benign interest rate environment.

Do you believe one more rate cut by the RBI would be sufficient to boost economic and earnings growth, in addition to the already announced interest rate reductions and government measures?

With inflation projected at around 3 percent for FY26—and recent CPI numbers of 1.6–2.1 percent over the past three months, at the lower end of the RBI’s target range—there is a strong case for a rate cut. Given the additional fiscal measures announced to support growth, the central bank has considerable flexibility in determining the timing of further cuts. We believe there is room for multiple 25 bps cuts during this financial year, which would provide continued support for economic and earnings growth.

Do you foresee a meaningful pickup in corporate lending only by Q4FY26?

We are already seeing a significant increase in borrowings in sectors such as Consumer Discretionary, Industrials, and Utilities. This is reflected in the rising capex-to-assets ratio across these segments. Over the past year, total debt for Industrials and Utilities has increased by 27.6 percent and 9.4 percent, respectively. This trend suggests that corporate lending momentum may pick up earlier than Q4 FY26, particularly in capex-heavy industries.

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.

Consistent rally for eighth consecutive session seems to be an indication that Nifty 50 bulls are gradually getting fully charged, as the index not only held on to the 25,000 mark but also climbed near the 25,150 hurdle (the August high), rising more than 100 points on September 12. This is a crucial level for Nifty’s further upward journey toward 25,250, followed by 25,500–25,550 in the second half of the September series — provided the index defends the 24,900–24,800 zone, which experts identify as a key support area.

The India VIX, generally known as the fear gauge, dropped further and ended at an all-time closing low, adding to market stability and providing comfort for bulls amid reduced uncertainty and low volatility. The index declined 2.29 percent to 10.12, while for the week, it was down 6.1 percent.

The Nifty 50 opened higher and sustained levels above 25,000 throughout the session, hitting an intraday high of 25,139 and closing at 25,114, up 109 points. The index formed a bullish candle with minor upper and lower shadows on the daily charts, indicating strength in the market despite minor intraday volatility.

Confidence among traders further increased as the 20-day EMA crossed above the 50-day EMA on the higher side, with the 10, 20, 50, and 100-day EMAs all trending upward. Momentum indicators also remained strong — the RSI jumped to 61, while the MACD was decisively above the zero line with a bullish crossover, and the histogram showed further strength.

Additionally, a breakout from a symmetrical triangle pattern on the daily chart suggests further upside, with a conservative target of around 25,500 likely to be tested during the September series, said Nilesh Jain, Head – Technical and Derivatives Research (Equity Research) at Centrum Broking.

According to him, the support base continues to rise, with immediate support now seen at the 50-day moving average, currently placed around the 24,900 level.

“The strategy should be to buy on declines, as we have already seen a recent rally. Hence, some profit-taking at higher levels can’t be ruled out. Given the recent gains, the recommended strategy is to buy on dips,” he added.

For the week, the Nifty 50 index rallied 1.51 percent, adding to the 1.29 percent gains from the previous week, and formed a bullish candle on the weekly charts. The index continues to trade firmly above all key moving averages.

Weekly options data also suggests that the Nifty 50 is likely to face resistance at the 25,200–25,500 levels next week, with 25,000 as immediate support.

The maximum Call open interest was observed at the 26,000 strike, followed by the 25,500 and 25,200 strikes, with the maximum Call writing at the 25,150, 25,300, and 25,350 strikes.

On the Put side, the 25,000 strike holds the maximum open interest, followed by 25,100 and 24,500 strikes, with the maximum Put writing at 25,100, 25,050, and 25,000 strikes.

Bank Nifty

The Bank Nifty also sustained its northward move for the eighth straight session, rising 140 points to close at 54,809, taking the total gains to 1,190 points over these sessions. The index tested the 100-day EMA but could not hold above it on a closing basis, although it continues to trade decisively above the 10- and 20-day EMAs.

In the 10 trading sessions of September, the banking index has formed at least five Doji-like candles, reflecting indecision among market participants, as intraday movements — despite strong openings — largely remained choppy.

Despite this indecision, the index has managed to register higher lows, indicating underlying buying interest on dips, even in the absence of a clear directional trend, said Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities.

Momentum indicators continued to improve. The RSI has been on a rising trajectory since the start of September, climbing from a low of 27 to settle at 49 on Friday, suggesting a gradual pickup in momentum. The DI+ and DI- lines are approaching a potential bullish crossover, while a rising ADX line indicates strengthening trend momentum.

“Looking ahead, the 54,600–54,500 zone will act as crucial support. On the upside, the 55,100–55,200 zone will serve as key resistance,” Sudeep said.

The Banking index rose 1.28 percent for the week, extending its uptrend for the second consecutive week and forming a green candle on the weekly timeframe. The index closed slightly above the 20-week EMA, but remained below the 10-week EMA and the midline of the Bollinger Bands.

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.

Technical View: Nifty bulls charge ahead with 560-point rally in 8 days; 25,500 target in focus with India VIX at all-time low

Consistent rally for eighth consecutive session seems to be an indication that Nifty 50 bulls are gradually getting fully charged, as the index not only held on to the 25,000 mark but also climbed near the 25,150 hurdle (the August high), rising more than 100 points on September 12. This is a crucial level for Nifty’s further upward journey toward 25,250, followed by 25,500–25,550 in the second half of the September series — provided the index defends the 24,900–24,800 zone, which experts identify as a key support area.

The India VIX, generally known as the fear gauge, dropped further and ended at an all-time closing low, adding to market stability and providing comfort for bulls amid reduced uncertainty and low volatility. The index declined 2.29 percent to 10.12, while for the week, it was down 6.1 percent.

The Nifty 50 opened higher and sustained levels above 25,000 throughout the session, hitting an intraday high of 25,139 and closing at 25,114, up 109 points. The index formed a bullish candle with minor upper and lower shadows on the daily charts, indicating strength in the market despite minor intraday volatility.

Confidence among traders further increased as the 20-day EMA crossed above the 50-day EMA on the higher side, with the 10, 20, 50, and 100-day EMAs all trending upward. Momentum indicators also remained strong — the RSI jumped to 61, while the MACD was decisively above the zero line with a bullish crossover, and the histogram showed further strength.

Additionally, a breakout from a symmetrical triangle pattern on the daily chart suggests further upside, with a conservative target of around 25,500 likely to be tested during the September series, said Nilesh Jain, Head – Technical and Derivatives Research (Equity Research) at Centrum Broking.

According to him, the support base continues to rise, with immediate support now seen at the 50-day moving average, currently placed around the 24,900 level.

“The strategy should be to buy on declines, as we have already seen a recent rally. Hence, some profit-taking at higher levels can’t be ruled out. Given the recent gains, the recommended strategy is to buy on dips,” he added.

For the week, the Nifty 50 index rallied 1.51 percent, adding to the 1.29 percent gains from the previous week, and formed a bullish candle on the weekly charts. The index continues to trade firmly above all key moving averages.

Weekly options data also suggests that the Nifty 50 is likely to face resistance at the 25,200–25,500 levels next week, with 25,000 as immediate support.

The maximum Call open interest was observed at the 26,000 strike, followed by the 25,500 and 25,200 strikes, with the maximum Call writing at the 25,150, 25,300, and 25,350 strikes.

On the Put side, the 25,000 strike holds the maximum open interest, followed by 25,100 and 24,500 strikes, with the maximum Put writing at 25,100, 25,050, and 25,000 strikes.

Bank Nifty

The Bank Nifty also sustained its northward move for the eighth straight session, rising 140 points to close at 54,809, taking the total gains to 1,190 points over these sessions. The index tested the 100-day EMA but could not hold above it on a closing basis, although it continues to trade decisively above the 10- and 20-day EMAs.

In the 10 trading sessions of September, the banking index has formed at least five Doji-like candles, reflecting indecision among market participants, as intraday movements — despite strong openings — largely remained choppy.

Despite this indecision, the index has managed to register higher lows, indicating underlying buying interest on dips, even in the absence of a clear directional trend, said Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities.

Momentum indicators continued to improve. The RSI has been on a rising trajectory since the start of September, climbing from a low of 27 to settle at 49 on Friday, suggesting a gradual pickup in momentum. The DI+ and DI- lines are approaching a potential bullish crossover, while a rising ADX line indicates strengthening trend momentum.

“Looking ahead, the 54,600–54,500 zone will act as crucial support. On the upside, the 55,100–55,200 zone will serve as key resistance,” Sudeep said.

The Banking index rose 1.28 percent for the week, extending its uptrend for the second consecutive week and forming a green candle on the weekly timeframe. The index closed slightly above the 20-week EMA, but remained below the 10-week EMA and the midline of the Bollinger Bands.

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.

Dalal Street extended the winning streak for an 8th consecutive session on September 12, with Nifty 50 comfortably closing above 25,100 for the first time since July 23, powered led by auto, pharma and metals names.

This also turned out to be the biggest weekly gain in nearly three months, as BSE Sesnex and Nifty gained 1.5 percent each.

At close, the Sensex was up 355.97 points or 0.44 percent at 81,904.70, and the Nifty 50 was up 108.50 points or 0.43 percent at 25,114.00. Broader indices underperformed the main indices with BSE Midcap and Smallcap indices closing with marginal gains. On the sectoral front, auto, pharma, metal, telecom added 0.5-1 percent, while realty, FMCG, media, PSU Bank ended lower.

Bharat Electronics, Bajaj Finance, Shriram Finance, Hindalco, Bajaj Finserv were among major gainers on the Nifty, while losers were HUL, Wipro, Trent, Eternal, Bajaj Auto.

Also Read: <a href="https://www.moneycontrol.com/news/business/ipo/tata-capital-to-launch-2-billion-ipo-in-first-half-of-october-13540640.html">Tata Capital to launch $2 billion IPO in first half of October</a>

In stock-specific action, Infosys shares jumped 1% on higher-than-expected share buyback of Rs 18,000 crore, Consolidated Construction shares surged 20% on orders win of Rs 180 crore, BSE shares rose 1.5% ahead of Sebi board meet outcome, JBM Auto's shares soared 14% on IFC's largest e-mobility investment worth $100 million, HFCL shares jumped 4% as Andhra government allotted 1,000 acres land to set up defence manufacturing facilities, Lupin shares rose 2.7% after Investec upgraded to 'buy' with a target of Rs 2,265.

More than 120 stocks touched their 52-week highs on the BSE, including GMDC, Bajaj Finance, Aditya Birla Capital, Anand Rathi, L&amp;T Finance, Affle 3I, Zydus Wellness, Waaree Energies, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php">Click to View More</a>

Outlook for September 15

Ajit Mishra – SVP, Research, Religare Broking

Markets extended their winning streak on Friday, gaining nearly half a percent, in line with favorable global and domestic cues. After a positive start, the benchmark advanced during the first half and later consolidated in a narrow range until the close. Sector participation was broad-based, with metals, financials, and autos leading the gains, while FMCG lagged behind. The broader markets also reflected strength, as both midcap and smallcap indices registered gains in the range of 0.30% to 0.67%.

The up move was supported by a mix of triggers. Corporate developments, such as Infosys’ Rs 18,000 crore mega buyback, boosted sentiment in IT blue chips. Strong inflows from domestic institutional investors offset continued selling by foreign portfolio investors, while positive cues from global markets further strengthened momentum.

Nifty is now approaching its previous swing high of 25,150, which may lead to some consolidation before the index advances towards the 25,250–25,500 zone. A decisive breakout above 54,900 in the banking index could act as a major catalyst for fresh momentum; otherwise, the move may remain gradual. Meanwhile, traders should continue to focus on the sustained strength in metals, autos, and pharma, while remaining selective in other sectors and themes

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 back above 25,100, Sensex up 356 points after biggest week in nearly three months

Dalal Street extended the winning streak for an 8th consecutive session on September 12, with Nifty 50 comfortably closing above 25,100 for the first time since July 23, powered led by auto, pharma and metals names.

This also turned out to be the biggest weekly gain in nearly three months, as BSE Sesnex and Nifty gained 1.5 percent each.

At close, the Sensex was up 355.97 points or 0.44 percent at 81,904.70, and the Nifty 50 was up 108.50 points or 0.43 percent at 25,114.00. Broader indices underperformed the main indices with BSE Midcap and Smallcap indices closing with marginal gains. On the sectoral front, auto, pharma, metal, telecom added 0.5-1 percent, while realty, FMCG, media, PSU Bank ended lower.

Bharat Electronics, Bajaj Finance, Shriram Finance, Hindalco, Bajaj Finserv were among major gainers on the Nifty, while losers were HUL, Wipro, Trent, Eternal, Bajaj Auto.

Also Read: Tata Capital to launch $2 billion IPO in first half of October

In stock-specific action, Infosys shares jumped 1% on higher-than-expected share buyback of Rs 18,000 crore, Consolidated Construction shares surged 20% on orders win of Rs 180 crore, BSE shares rose 1.5% ahead of Sebi board meet outcome, JBM Auto's shares soared 14% on IFC's largest e-mobility investment worth $100 million, HFCL shares jumped 4% as Andhra government allotted 1,000 acres land to set up defence manufacturing facilities, Lupin shares rose 2.7% after Investec upgraded to 'buy' with a target of Rs 2,265.

More than 120 stocks touched their 52-week highs on the BSE, including GMDC, Bajaj Finance, Aditya Birla Capital, Anand Rathi, L&amp;amp;T Finance, Affle 3I, Zydus Wellness, Waaree Energies, among others. Click to View More

Outlook for September 15

Ajit Mishra – SVP, Research, Religare Broking

Markets extended their winning streak on Friday, gaining nearly half a percent, in line with favorable global and domestic cues. After a positive start, the benchmark advanced during the first half and later consolidated in a narrow range until the close. Sector participation was broad-based, with metals, financials, and autos leading the gains, while FMCG lagged behind. The broader markets also reflected strength, as both midcap and smallcap indices registered gains in the range of 0.30% to 0.67%.

The up move was supported by a mix of triggers. Corporate developments, such as Infosys’ Rs 18,000 crore mega buyback, boosted sentiment in IT blue chips. Strong inflows from domestic institutional investors offset continued selling by foreign portfolio investors, while positive cues from global markets further strengthened momentum.

Nifty is now approaching its previous swing high of 25,150, which may lead to some consolidation before the index advances towards the 25,250–25,500 zone. A decisive breakout above 54,900 in the banking index could act as a major catalyst for fresh momentum; otherwise, the move may remain gradual. Meanwhile, traders should continue to focus on the sustained strength in metals, autos, and pharma, while remaining selective in other sectors and themes

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: Sensex, Nifty rise 1% this week, extend gains for 2nd straight week | Closing Bell

10 out of 17 years NIFTY BANK has given positive returns in September.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	54,914.25	55,019.20	55,186.15	54,747.30	54,642.35	54,475.40	54,370.45
Fibonacci	54,851.17	54,915.33	55,019.20	54,747.30	54,643.43	54,579.27	54,475.40
Camarilla	54,834.22	54,859.15	54,884.07	54,747.30	54,784.38	54,759.45	54,734.53

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