Indian markets opened higher, tracking strong global cues and hopes of a US Fed rate cut next week. Wall Street closed at record highs, while Asian markets remained firm.
Indices Update
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- Nifty’s all-time high: 26,277.05
Buzzing Stocks
Top Index Gainers:
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- INFY (+1.80%)
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- HINDALCO (+1.10%)
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- TCS (+0.68%)
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- INDUSINDBK (+0.59%)
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- WIPRO (+0.55%)
Top Index Losers:
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- ETERNAL (-0.41%)
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- ULTRACEMCO (-0.31%)
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- HINDUNILVR (-0.31%)
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- ITC (-0.21%)
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- GRASIM (-0.13%)
Sector Update
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- Biggest gain: Nifty IT (+0.86%)
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- Weakest: Nifty FMCG (-0.14%)
Global Market Cues
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- DOW FUTURES: 46,140 (-0.01%)
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- NASDAQ FUTURES: 24,002 (-0.07%)
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- NIKKEI: 44,740 (+0.83%)
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- HANG SENG: 26,464 (+1.45%)
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- SHANGHAI: 3,884 (+0.24%)
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- Dollar Index: 97.62 (+0.10%)
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- WTI OIL: $61.80 (-0.91%)
Technical Levels
Nifty
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- Support: 24,980, 24,890
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- Resistance: 25,150, 25,240
Bank Nifty
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- Support: 54,450, 54,100
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- Resistance: 55,000, 55,240
Key Themes for the Day
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- Infosys announces ₹18,000 Cr share buyback at ₹1,800/share (19% premium).
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- SEBI board to review IPO eligibility norms & public shareholding rules today.
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- Dabur and Britannia report production disruption in Nepal due to unrest.
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- India–US trade deal talks advance; first tranche likely by November 2025.
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- U.S. CPI (YoY) rose 2.9% in August; labour market softening with higher jobless claims.
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- Indian CPI data for August awaited for inflation outlook.
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- S&P warns Indian banks may cut dividends in FY26 amid slowing profitability.
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- Indian and foreign lenders increase exposure to Adani Group’s infra assets.
Disclaimer: This does not construe to be investment advice. Stock market investments are subject to market risks. All information is a point of view and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.