Indian Equities Rise Amid F&O Expiry | Nifty 50 Climbs to 24,868, Sensex Gains 314 Points

Mumbai, Sept 09, 2025:  Indian equities closed on a firm footing in Thursday’s weekly F&O expiry session, navigating a volatile and range-bound trading day, buoyed by positive global cues ahead of key macro triggers — notably the upcoming US and India CPI prints. At the close, the Sensex added 314.02 points or 0.39%, to settle at 81,101.32, while the Nifty 50 climbed 95.45 points or 0.39%, ending at a fresh high of 24,868.60.

On the sectoral front, Nifty IT outperformed, riding on continued investor appetite for tech counters, while Pharma and FMCG extended support with their defensiveness, offering a hedge against macro uncertainty. Conversely, Oil & Gas, Realty, and PSU Banks underperformed, acting as a drag on benchmark gains. The broader market remained resilient, with the Nifty Midcap 100 inching up 0.18% and the Nifty Smallcap 100 advancing 0.34%, signaling continued breadth and sustained traction in the mid and small-cap segments beyond frontline stocks.

Nifty Outlook

The index formed a doji candle with a higher high and a higher low signaling consolidation amid stock specific action on the weekly expiry session. Index is likely to extend its range-bound consolidation phase observed over the last 10 sessions. The broader trading range is expected to remain between 24,400 and 25,000 in the near term. Immediate support is identified at last Friday’s low of 24,620, index holding above the same will lead to pullback towards 25,000 marks. While a breakout above 25,000 will signal extension of the pullback towards the key resistance area of 25,200-25,250 levels. Key support is placed at 24,400-24,300 levels being the confluence of the recent swing lows and the 200-day EMA, making it an important level to monitor. Overall, the index is likely to remain in a consolidation phase with a focus on stock-specific moves.

Bank Nifty Outlook

Bank Nifty formed a small bear candle with a small lower shadow which remained contained inside previous session price range signaling continuation of the consolidation around the 200-day EMA. In the near term, the index is expected to remain range-bound between 53,500 and 55,000, suggesting a consolidation phase before any directional breakout. On the upside, the 54,800–55,000 zone remains a significant supply zone, marked by the confluence of the prior breakdown area and the 100-day EMA. This region is likely to act as a strong overhead resistance. On the downside, immediate support is placed at 53,500–53,300, which coincides with the 200-day EMA and the swing low of May 2025.

Indian markets ended the day on a subdued yet steady note, with participants digesting GST cues and tariff-related developments. Nifty traded within a tight band, reflecting the cautious sentiment. Sector-wise, IT stocks provided the much-needed support, climbing 2.6% led by Infosys, which surged 4.7% after its board announced a proposal to consider a share buyback of fully paid-up equity shares.

On the derivatives front, the market breadth was evenly balanced with 104 stocks advancing against 110 declines. Notable open interest build-up was observed in Tata Elxsi, Titagarh, TI India, HUDCO, and Eicher Motors, signaling heightened trader activity in these counters.

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Source: Bajaj Broking, Ashika Equities