Taking Stock: Market extend gains on 3rd day; Sensex jumps 320 pts, Nifty above 25,400

Market Today

In the highly volatile session on September 18, the Indian benchmark indices ended higher with Nifty managed to close above 25,400, extending the winning run on third consecutive day.

After a strong start, a mid-session profit booking erased most of the gains, however, amid final hour buying Nifty closed at 25,423.60, up 93.35 points or 0.37 percent and Sensex was up 320.25 points or 0.39 percent at 83,013.96.

BSE Midcap index rose 0.3 percent, while smallcap index ended flat.

On the sectoral front, IT index up 0.8 percent, pharma index rose 1.5 percent, metal index was up 0.3 percent and private bank index rose 0.4 percent, while energy, media and Capital Goods indices shed 0.3 percent each.

HDFC Life, Infosys, Eternal, Cipla, Sun Pharma were among major gainers on the Nifty, while losers were Coal India, Bajaj Finance, Trent, Tata Motors, UltraTech Cement.

Also Read: Investors must share blame for India Inc’s reluctance to sacrifice margins for growth, says Sunil Singhania

In stock-specific action, Poonawalla Fincorp jumped 12% to hit 52-week high amid promoter's Rs 1,500-crore fund infusion, Cohance Life shares tumbled 6% as 3.4 crore shares exchange hands via block deal, Dreamfolks slipped 5% after firm discontinues domestic airport lounge services, Heritage Foods shares surged 8% on passing entire GST benefits to consumer.

Natco Pharma shares jumped 3% on EIR from USFDA, SEPC share price added 8% on bagging order of Rs 442 crore, Biocon shares rose 4% on USFDA approval for Bosaya 60 mg/mL injection, Cohance Lifesciences shares shed 6% post 34.2 million shares change hands, Agarwal Industrial Corporation shares rose 6% on contract win of Rs 330.05 crore from IOCL.

Index	Prices	Change	Change%
Sensex	84,666.28	-436.41	-0.51%
Nifty 50	25,839.65	-120.90	-0.47%
Nifty Bank	59,222.35	-16.20	-0.03%

Nifty 50 25,839.65 -120.90 (-0.47%)

Tue, Dec 09, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Eternal	291.70	6.45	+2.26%

Biggest Loser	Prices	Change	Change%
Asian Paints	2,796.00	-132.30	-4.52%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8251.30	105.20	+1.29%

Worst Sector	Prices	Change	Change%
Nifty IT	38130.60	-460.10	-1.19%

More than 160 stocks touched their 52-week highs on the BSE, including Poonawalla Fincorp, Asahi India, Hyundai Motor, Eternal, L&T Finance, Zydus Wellness, Radico Khaitan, Delhivery, Maruti Suzuki, Cummins, among others. Click to View More

Markets traded volatile on Thursday but managed to maintain the positive tone, continuing its prevailing trend. After a flat start, the Nifty index oscillated within a limited range in the first half however volatility in heavyweights in the latter half triggered sharp swings. Eventually, it closed near the day’s high at 25,423.60, up 0.37%.

Sectoral trends remained mixed, with pharma, IT and financials edged higher while energy and realty ended on a muted note. The broader markets outperformed once again, with both midcap and smallcap indices rising nearly 0.5% each, reflecting strong participation across segments.

The market’s upward momentum was underpinned primarily by the US Federal Reserve’s rate cut of 25 basis points, which boosted risk sentiment globally. Besides, the sentiment stayed constructive, supported by sustained domestic flows and rotational buying in key sectors.

On the index front, we are now on the verge of testing the target zone 25,500 zone in Nifty, which could prompt some profit taking or consolidation in the index ahead. However, the favorable sentiment across the key sectors would keep the tone positive. We thus recommend focusing more on stock-specific opportunities now, preferring stocks where risk to reward is favorable.

The market rally continues, with the Nifty ending 93 points higher, while the Sensex was up by 320 points. Among sectors, Pharma and Healthcare indices gained over 1 percent, whereas intraday profit booking was seen in selective Defence stocks. Technically, after a gap-up open, the market witnessed some selling pressure at higher levels. However, the short-term outlook remains positive.

For day traders, the higher bottom support is placed near 25,300/82700. We are of the view that as long as the market trades above this level, the bullish sentiment is likely to continue. On the higher side, 25,500/83300 would act as an immediate resistance zone for the bulls. A successful breakout above 25,500/83300 could push the market up to 25,600–25,625/83500-83600.

On the flip side, if the market falls below 25,300/82700, the uptrend would become vulnerable. Below this level, traders may prefer to exit their long positions.

Nifty remained volatile after a gap-up start, driven by a dovish Fed announcement. The short-term trend is likely to stay positive as the index is comfortably trading above its critical moving average. The daily RSI is in a bullish crossover and rising above the previous swing high, indicating strengthening momentum.

In the near term, support is placed at 25,300 and 25,150. On the other hand, crucial resistance is seen at 25,500. A decisive move above this level could trigger a rally towards 26,000. Overall, a buy-on-dips strategy remains favorable in the current market scenario.

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.