Nifty faces resistance at 25,000, Sensex settles higher as easing trade tensions lift market sentiment

Nifty rises for sixth consecutive session.

After seeing a strong upmove from easing tensions between U.S. and India, Dalal Street trimmed some of its intraday gains to settle in the green on Wednesday, September 10. The benchmark Nifty 50 index faced tough resistance at the 25,000 mark, with bears refusing the index to push past the key psychological level.

At close, the Sensex was up 323 points or 0.40 percent at 81,425.15, and the Nifty was up 104.5 points or 0.42 percent at 24,973.10. About 2165 shares advanced, 1555 shares declined, and 121 shares unchanged.

U.S. President Trump announced that the tariff talks with India was set to resume, and calling PM Narendra Modi a "very good friend." "A major positive for the market today comes from President Trump’s initiative to improve India-U.S. relations and PM Modi’s positive response to the same. However, from past experience the market should judge President Trump by his actions and not words," cautioned VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

Broader markets outpaced the benchmark indices for the third session in a row, while the India VIX stayed subdued, reflecting steady sentiment. The Nifty IT index led the charge, driven by strong moves in heavyweights like Infosys, Wipro, TCS, and HCL Tech. Globally, attention remains on the US Federal Reserve, with traders factoring in a likely 25-basis-point rate cut. The upcoming US Producer Price Index report, due later today, is also expected to shape expectations around the Fed’s next move.

Overall, on the technical front, Nifty remains confined in a sideways trajectory, with profit booking emerging at higher levels even as buyers defend critical supports.

"The index is boxed between the psychological barrier of 25,000 and the strong base of 24,500–24,400, aligned with the 20- and 50-DEMA cluster. The concentration of open interest at these zones further validates the range-bound setup, while RSI near 50 reaffirms the indecisive momentum," said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.