The Nifty ends 105 points higher, while the Sensex up by 324 points
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, September 10, 2025: Today, the market continued its positive momentum. The Nifty ends 105 points higher, while the Sensex was up by 324 points. Among sectors, IT, Defense, and PSU Bank indices rallied over 2 percent, whereas the Auto index lost the most, shedding over 1.30 percent. Technically, the market opened with a gap up, but once again, it witnessed selling pressure at higher levels. However, the short-term outlook of the market remains positive. Additionally, after a long time, Nifty succeeded in closing above the 50-day SMA (Simple Moving Average), which is largely a positive sign.
We are of the view that the 50-day SMA/24920/81200 and the 24,800/81000 level will act as key support zones for traders. As long as the market trades above these levels, the bullish sentiment is likely to continue. On the higher side, the index could move up to 25,100–25,200/81700-82000. On the flip side, if the market falls below 24,800/81000, traders may consider exiting their long positions.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds: Indian equities extended their gains on September 10, with both frontline indices closing higher for the second straight session, led by strength in IT and PSU banking stocks. The Sensex advanced 324 points to end at 81,425, while the Nifty climbed 105 points to settle just below the 25,000 mark at 24,973. Market breadth was positive, with 2,169 stocks advancing against 1,558 declines, while midcap and smallcap indices outperformed, rising 0.7% each.
Sectorally, IT stocks stole the spotlight with a 2.6% surge as heavyweights like Wipro, HCL Technologies, and TCS advanced sharply on supportive global cues and expectations of easing US monetary policy. PSU banks also rallied 2.2% on strong liquidity and improved credit outlook, while the realty index added 1%. On the flip side, auto stocks came under pressure with the sectoral index slipping 1% as leading names like M&M, Hero MotoCorp, Bajaj Auto, Maruti Suzuki, and Tata Motors ended among the top losers. Meanwhile, Bharat Electronics, Bajaj Finance, and Adani group stocks featured among the biggest Nifty gainers.
On the global front, supportive cues further aided sentiment in Indian markets. Asian equities traded mostly higher on optimism that the US Federal Reserve is likely to cut rates later this month, following softer labour market data and easing inflationary pressures in the US. Wall Street futures also pointed to a firm start, reinforcing risk appetite across emerging markets. A weaker dollar and expectations of policy easing in China added to the positive momentum, benefiting IT and metal stocks in particular.
Note that despite persistent FII outflows in recent weeks, strong domestic institutional buying and optimism around India’s growth outlook are cushioning the market. With Nifty inching close to the psychological 25,000 mark, experts suggest that global monetary policy decisions, GST reforms implementation, and corporate earnings trajectory will dictate near-term market direction. IT and PSU bank strength, combined with stability in global markets, provided the thrust to today’s rally, even as auto stocks weighed on overall gains.
