Market Highlights

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September 19, 2025

• Daily Morning Report                 Date: 19.09.2025
• NIFTY OUTLOOK: 25423.60 FII 366.69 cr DII 3326.56 cr
• As discussed yesterday, market behaviour remained on expected lines, with the continuation of the positive trend taking Nifty to our level of 25448, making a high of 25448.95.
• A hammer-like candlestick pattern appeared on the daily chart near the resistance level, indicating sellers’ attempt to dominate was defeated by buyers. However, if sellers strike again, then below 25385 we may see profit booking up to 25347–25310. If supply accentuates, it may test 25271.
• The short-term uptrend remains intact. On a decisive breakout above 25461, Nifty may rally further to 25500–25537, and if demand strengthens, it may test 25577.
• Bank Nifty OUTLOOK:
• SPOT: 55727.45 Pcr: 1.10 Max CE OI: 57000 Max PE OI: 54000
• On 18th Sept 2025, Bank Nifty closed at 55727.45 (+234.15 / +0.42%). The index moved 344.90 points during the session, making a high of 55835.25 and a low of 55490.90.
• Technical View:
• Key support and resistance: 55000 / 56200
• Intraday support and resistance: 55630 / 55820
• Intraday Strategy:
• Go long above 55820 with SL 55790, target 55916
• Go short below 55632 with SL 55665, target 55538
• RSI stands at 62.70 (below 30 oversold, above 70 overbought).
• Bank nifty Day SMA Analysis:
• Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50,100,150, 200 Day).
• Bank nifty is trading below 0 out of 8 SMA’s.
• One Bearish single candlestick Pattern was identified in bank nifty.
• • Hanging Man
• --------------------------------------------------------------------------
• Contributed by
• Ashok bhandari : INH000019549
• -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
• *Headlines Business News*
• Business Standard
• Indian industry must join journey toward developed nation: N Chandrasekaran
• IBM and BharatGen partner to boost sovereign AI adoption in India
• Maruti Suzuki cuts prices by up to ₹1.3 lakh after GST rate slash
• Rajasthan govt plans new strategy to further raise mining
• Sebi calls for more institutional participation in infrastructure sector
• China closes Google antitrust probe as trade talks with US advance
• At 18.9%, China's youth unemployment rises to highest level since 2023
• Gokaldas eyes EU growth, Africa expansion to counter Trump's tariffs
• China's SAIC to cut stake in India car venture, freeze new investments
• PhonePe, Paytm, Cred end rent service as RBI tightens payment rules
• General Mills joins ITC and PE giants in race for 10% Balaji Wafers stake
• Economic Times
• Indian pharma sector to log 7-9% growth in FY26 despite US headwinds: ICRA
• India's first large pvt gold mine in Andhra Pradesh to soon begin full-scale production: DGML MD
• Indian Oil Corp changes track, to buy 10 crude carriers from Shipping Corp JV
• Blue Energy Motors raises $50 million funding to accelerate green trucking in India
• GE Healthcare exploring stake sale in China unit, says reports
• Urban demand more resilient than it appears in data, says CEA Nageswaran
• Gold could rally to $4,000 as upside looks stronger than correction risk: Deutsche Bank
• Deliveroo CEO Will Shu to step down after DoorDash takeover
• Nissan reshuffles leadership in AMIEO region as part of global recovery plan
• Natco Pharma's Kothur unit classified as 'voluntary action indicated' by US regulator
• Oil India sees restart of Mozambique LNG project by year's end
• Mint
• World Bank Group’s IFC makes Indian venture debt debut with Trifecta
• Indias rupee liquidity tightens on tax outflows, banks lean on FX swaps
• Deutsche Bank Sees Higher Than Expected Bond Trading Revenue
• Gameskraft lays off 120 people as Online Gaming Bill 2025 bites
• Swiggy, HDFC AMC, likely to be upgraded to large-caps in AMFI January review
• Bima Sugam India Federation website a major milestone for sector: IRDAI Chairman
• Nvidia to invest $5 billion in Intel for AI infrastructure and PCs
• IREDA sanctions Rs 1,134 Cr loan to arm Insolation Green Energy
• Yes Bank appoints Shinichiro Nishino & Rajeev Veeravalli Kannan as Additional Directors
• Govt rolls out first standard treatment guidelines for hospitals and clinics
• Finance minister Sitharaman urges private investment, partnership on skilling.
• @beatthestreet10
• India Daybook – Stocks in News
• Ramky Infrastructure: Company’s subsidiary wins ₹2,085 crore water supply project for Musi River Rejuvenation. (Positive)
• Arfin India: Company secured a significant order for 6,900 MT of aluminum products valued at ~₹30 Crores/month from JFE Shoji India. (Positive)
• Vedanta: Company has been declared the 'Preferred Bidder' for the Punnam Manganese Block in Andhra Pradesh. (Positive)
• Refex Renewables: Company Expands Into Organic Fertilizers with Launch of ‘Biodhanic’ Under Altered Moa. (Positive)
• EMART: Company has started commercial operations of a new Multi Brand Store under the brand name 'BAJAJ ELECTRONICS' on 18 Sep 2025 in Adoni, Andhra Pradesh. (Positive)
• Texmaco Rail & Engineering: Company Secures Rs 86.85 Crore Order from Ultratech Cement for BCFC Wagons and Brake Van Delivery by March 2026. (Positive)
• KFIN Tech: Company becomes first registrar, transfer agent in IFSC Gift City. (Positive)
• Oil India: Company to undertake exploration activity in Kerala-Konkan basin (Positive)
• Thomas Cook India: Sterling Holiday Resorts, Subsidiary of Company, Launches Sterling Hibis Vellore Its First Resort In Vellore and Ninth In Tamil Nadu. (Positive)
• Sai Life Sciences: Company Opens Dedicated Facility for Veterinary APIs in Bidar, India. (Positive)
• Biocon: Biocon Biologics’ Yesafili added to Ontario’s Public Drug Formulary, Ensuring Funded Access for Patients with Retinal Diseases in Canada. (Positive)
• Adani Group: SEBI gives clean chit to #Adani Ports & SEZ, Adani Power, Adani Ent w.r.t Hindenberg's Allegations (Positive)
• Laxmi Organics: The Maharashtra Electricity Regulatory Commission has ruled in favor of the company regarding a dispute with MSEDCL. (Positive)
• John Cockerill: Company secures Major Tata Steel Contract for Sustainable Steel Tech (Positive)
• Mukka Proteins: Companu expands into Sustainable Agri & Waste Solutions (Positive)
• Aditya Infotech: Company Approves Incorporation of Wholly Owned Subsidiary in Taiwan, “Aditya Infotech Taiwan Co. Ltd.,” with $5 Million Initial Capital for R&D in Security and Surveillance Equipment. (Positive)
• Ceigall India: Company Board Approves Rs 50 Crore Convertible Loan to Revive C&C Constructions And 74% Stake Investment in Southern Ludhiana Bypass SPV. (Neutral)
• Reliance Industries: Company Completes Amalgamation of Two Wholly Owned Subsidiaries in Middle East Effective (Neutral)
• Sheela Foam: Company Receives NCLT Approval for Composite Scheme of Arrangement Involving Multiple Entities, Effective upon Filing with Roc (Neutral)
• Senores Pharmaceuticals: Company Invests $2 million in Wholly Owned Us Subsidiary Senores Pharmaceuticals INC (Neutral)
• Kennametal India Ltd: Mr. Raghavendra S, Director - Manufacturing & Factory Manager, resigned, effective Sept 18, 2025. (Neutral)
• Singer India: Company appointed Mr. Anuj Kumar Vasdev as the Chief Financial Officer (CFO) Designate, effective Sep 18, 2025. (Neutral)
• IDBI Bank: ICRA has affirmed long-term rating [ICRA] AA (Stable) (Neutral)
• V-Guard: Company announced the resignation of Mr. Manoj Panditrao Dalal from his role as Business Head (Switches & Switchgears) (Neutral)
• Century Plyboards: Company announced the re-appointment of Sri Ajay Baldawa, Ms. Nikita Bansal, Sri Sajjan Bhajanka as Chairman & Managing Director for 5 years (Neutral)
• PSP Projects: Company sets World Record with Monumental 24,000 Cubic Meter Concrete Pour for Proposed World's Tallest Temple Vishv Umiya Dham. (Neutral)
• Metropolis: Company acquires Dr. RS Patil's Ambika Pathology Laboratory' as a going concern. (Neutral)
• The Indian Hotels: Company said that it does not own The Pierre, New York. It has leasehold rights for the hotel and operations continue as usual. Recent media reports stating otherwise are misleading and speculative. (Neutral)
• P N Gadgil Jewellers: Company announced that CRISIL has reaffirmed its credit ratings. (Neutral)
• Cohance Life: Jusmiral Holdings sells 3.4 crore shares of the company (Neutral)
• Dr Reddy's: Company receives intimation from Promoters regarding transfer of shares. The promoters settled 20.58% stake through off market transfer on Sept. 17. (Neutral)
• Netweb Tech: Goldman Sachs reduced stake in the company to 3% from 5% (Neutral)
• Asahi India: Company closes its QIP, approves the allocation of 1.18 crore shares at Issue price of Rs 844.79 per share. (Neutral)
• GE Shipping: Company in a loan agreement with arm Greatship to grant a term loan of Rs 425 crore. (Neutral)
• Circuit filter change from 5% to 20%: Career Point (Neutral)
• List of securities included in Short-Term ASM Framework: Analon Health. (Neutral)
• List of securities excluded from ASM Framework: Zinka, JTKET, Prime Focus. (Neutral)
• Alphageo (India): Ex-Date Today, Final Dividend- Rs. – 8/sh (Neutral)
• Ambika Cotton: Ex-Date Today, Final Dividend- Rs. – 37/sh (Neutral)
• Ansal Buildwell: Ex-Date Today, Dividend- Rs. – 1/sh (Neutral)
• Arihant Superstructures: Ex-Date Today, Final Dividend- Rs. – 1.5/sh (Neutral)
• Asian Energy: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• AuSom Enterprise: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Bharat Dynamics: Ex-Date Today, Final Dividend- Rs. – 0.65/sh (Neutral)
• Blue Jet Healthcare: Ex-Date Today, Final Dividend- Rs. – 1.2/sh (Neutral)
• Brisk Technovision: Ex-Date Today, Final Dividend- Rs. – 1.6/sh (Neutral)
• Competent Automobiles: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Coral Laboratories: Ex-Date Today, Final Dividend- Rs. – 1.5/sh (Neutral)
• Deepak Builders: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Denis Chem: Ex-Date Today, Final Dividend- Rs. – 1.5/sh (Neutral)
• Delton Cables: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• EMS: Ex-Date Today, Final Dividend- Rs. – 1.5/sh (Neutral)
• Fluidomat: Ex-Date Today, Final Dividend- Rs. – 7.5/sh (Neutral)
• Genus Power: Ex-Date Today, Final Dividend- Rs. – 2.45/sh (Neutral)
• Goldiam International: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• GTPL Hathway: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• Gujarat Alkalies: Ex-Date Today, Final Dividend- Rs. – 15.8/sh (Neutral)
• Gulf Oil: Ex-Date Today, Final Dividend- Rs. – 28/sh (Neutral)
• The Hi-Tech Gears: Ex-Date Today, Final Dividend- Rs. – 5/sh (Neutral)
• HLE Glascoat: Ex-Date Today, Final Dividend- Rs. – 1.1/sh (Neutral)
• Incap: Ex-Date Today, Dividend- Rs. – 1/sh (Neutral)
• Jai Corp: Ex-Date Today, Dividend- Rs. – 0.5/sh (Neutral)
• Jay Ushin: Ex-Date Today, Final Dividend- Rs. – 4/sh (Neutral)
• Keynote Financial: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Marathon Nextgen: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Mazagon Dock: Ex-Date Today, Final Dividend- Rs. – 2.71/sh (Neutral)
• Metroglobal: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• Monarch Networth: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Narendra Properties: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• NALCO: Ex-Date Today, Final Dividend- Rs. – 2.5/sh (Neutral)
• Neogen Chemicals: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• NG Industries: Ex-Date Today, Final Dividend- Rs. – 3.5/sh (Neutral)
• Indo National: Ex-Date Today, Final Dividend- Rs. – 5/sh (Neutral)
• NLC India: Ex-Date Today, Final Dividend- Rs. – 1.5/sh (Neutral)
• NSDL: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• Patels Airtemp: Ex-Date Today, Dividend- Rs. – 3/sh (Neutral)
• Pee Cee Cosma: Ex-Date Today, Final Dividend- Rs. – 3/sh (Neutral)
• Pitti Engineering: Ex-Date Today, Final Dividend- Rs. – 1.5/sh (Neutral)
• Poddar Pigments: Ex-Date Today, Final Dividend- Rs. – 4/sh (Neutral)
• Poojawestern Metaliks: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Rithwik Facility: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Sal Automotive: Ex-Date Today, Final Dividend- Rs. – 2.5/sh (Neutral)
• Sansera Engineering: Ex-Date Today, Final Dividend- Rs. – 3.25/sh (Neutral)
• Shaily Engineering: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• Shree Pushkar: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• Sree Rayalaseema: Ex-Date Today, Final Dividend- Rs. – 3/sh (Neutral)
• Stove Kraft: Ex-Date Today, Final Dividend- Rs. – 3/sh (Neutral)
• Suraj Products: Ex-Date Today, Final Dividend- Rs. – 2.1/sh (Neutral)
• Suryalata Spinning: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• Syrma SGS: Ex-Date Today, Final Dividend- Rs. – 1.5/sh (Neutral)
• Tera Softwar: Ex-Date Today, Dividend- Rs. – 1/sh (Neutral)
• TFCIL: Ex-Date Today, Stock Split from Rs.10/- to Rs.2/- (Neutral)
• TGV Sraac: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Titan Biotech: Ex-Date Today, Final Dividend- Rs. – 2/sh (Neutral)
• Victoria Mills: Ex-Date Today, Final Dividend- Rs. – 50/sh (Neutral)
• Vinati Organics: Ex-Date Today, Final Dividend- Rs. – 7.5/sh (Neutral)
• Zenith Fibres: Ex-Date Today, Final Dividend- Rs. – 1/sh (Neutral)
• Southern Gas: Ex-Date Today, Final Dividend- Rs. – 50/sh (Neutral)
• Adani Power Ltd: Ex-Date Monday, Stock Split from Rs.10/- to Rs.2/- (Neutral)
• Ahluwalia Contracts Ltd: Ex-Date Monday, Final Dividend- Rs. – 0.6/sh (Neutral)
• Asian Star Company Ltd: Ex-Date Monday, Dividend- Rs. – 1.5/sh (Neutral)
• Aurionpro Solutions Ltd: Ex-Date Monday, Final Dividend- Rs. – 3/sh (Neutral)
• BEML Ltd: Ex-Date Monday, Final Dividend- Rs. – 1.20/sh (Neutral)
• Bengal & Assam Company Ltd: Ex-Date Monday, Dividend- Rs. – 50/sh (Neutral)
• Ceinsys Tech Ltd: Ex-Date Monday, Final Dividend- Rs. – 3.50/sh (Neutral)
• Cords Cable Industries Ltd: Ex-Date Monday, Final Dividend- Rs. – 1/sh (Neutral)
• CyberTech Systems: Ex-Date Monday, Final Dividend- Rs. – 4/sh (Neutral)
• Divyashakti Ltd: Ex-Date Monday, Dividend- Rs. – 2/sh (Neutral)
• Gujarat Fluorochemicals Ltd: Ex-Date Monday, Final Dividend- Rs. – 3/sh (Neutral)
• Gujarat Craft Ltd: Ex-Date Monday, Final Dividend- Rs. – 1/sh (Neutral)
• HPL Electric Ltd: Ex-Date Monday, Final Dividend- Rs. – 1/sh (Neutral)
• Josts Engineering Ltd: Ex-Date Monday, Final Dividend- Rs. – 1.25/sh (Neutral)
• Jeena Sikho Ltd: Ex-Date Monday, Final Dividend- Rs. – 1.10/sh (Neutral)
• Monte Carlo Ltd: Ex-Date Monday, Final Dividend- Rs. – 20/sh (Neutral)
• Navneet Ltd: Ex-Date Monday, Final Dividend- Rs. – 1.50/sh (Neutral)
• National Fertilizers Ltd: Ex-Date Monday, Final Dividend- Rs. – 1.56/sh (Neutral)
• Parag Milk Ltd: Ex-Date Monday, Final Dividend- Rs. – 1/sh (Neutral)
• Rolcon Engineering Ltd: Ex-Date Monday, Final Dividend- Rs. – 2.50/sh (Neutral)
• Ruchira Papers Ltd: Ex-Date Monday, Final Dividend- Rs. – 5/sh (Neutral)
• Sudarshan Chemical Ltd: Ex-Date Monday, Final Dividend- Rs. – 4.50/sh (Neutral)
• Tirupati Foam Ltd: Ex-Date Monday, Final Dividend- Rs. – 1/sh (Neutral)
• Mukka Proteins: Company Receives Rs 141.06 Crore GST Demand Notice from State Tax Officer, Porbandar, For FY 2021–22. (Negative)
• Unichem Lab: Company Receives €19.49 million Demand Notice from European Commission in Perindopril Case; €16.70 million Balance Payable after Partial Remittance. (Negative)
• Nomura on Maruti Suzuki
• Target Price – ₹15,031 (Maintain Neutral)
• Victoris Launch
• * Launched 3 Sept 2025 at ₹10.5L (introductory).
• * Sales begin 22 Sept 2025.
• Sales Outlook
• * Expect ~15k units/month (Victoris + Grand Vitara).
• * Higher Victoris mix to aid margins (produced at MSIL’s own plant vs GV at Toyota’s).
• Competitive Edge
• * Segment-first underbody CNG tank + strong features.
• * Likely to capture share from diesel-heavy rivals.
• Distribution
• * Sold via Arena network → strong reach in Tier-2/3 & rural markets.
• Grand Vitara Update
• * Volumes fell from ~10k/month (FY24–FY25) to ~7–8k/month in last 6 months.
• Volume Growth Forecast
• * FY26F: +9% y-y
• * FY27F: +6% y-y
• * Implies 220k units/month for remaining FY26F (+14% y-y).
• NAGREEKA EXPORTS ; CO RESTARTS YAVLUJ SPINNING PLANT OPERATIONS
• Plant Restarted: Yavluj Spinning Plant in Kolhapur resumes operations from 13 Aug 2025 after earlier temporary shutdown.
• Operational Normalcy: Company confirms suspension lifted, operations moving towards normalcy.
• ALIED BLENDERS ; ABD Maestro Brands Debuts at Bengaluru Airport Duty-Free
• First Airport Duty-Free Entry: Launch at Kempegowda International Airport, Bengaluru – maiden step into travel retail.
• Nationwide Rollout Planned: Expansion to Delhi & Mumbai airports within a month → strong visibility among global travellers.
• Premium Portfolio Showcase: Includes Arthuas Blended Malt Scotch Whisky, Woodburns Indian Malt Whisky, Pumori Gin, Zoya Gin, and Russian Standard Vodka.
• Global Reach Strategy: Partnership with Avolta (operates across 70 countries) aids entry into international markets.
• Bartronics India : Co to Hold Board Meeting on Sept 23 for Key Strategic Decisions
• Strategic Investment: To consider agreement with Huwel Life Sciences Pvt Ltd for collaborative business opportunities & growth.
• Expansion Move: Proposal to incorporate a Wholly Owned Subsidiary → signals expansion intent.
• Rebranding: Board to discuss name change of the Company, possibly for strategic repositioning.
• COHANCE LIFESCIENCES : LARGE TRADE NSE
• PROMOTER JUSMIRAL HOLDINGS LIMITED SOLD 3.41 CR SHARES ( 8.92 % STAKES) @ ₹ 906 /SHARE
• HDFC MUTUAL FUND BOUGHT 37.17 LKH SHARES ( 0.97 % STAKES ) @ ₹ 906 /SHARE
• SBI MUTUAL FUND BOUGHT 26.83 LKH SHARES ( 0.70 % STAKES ) @ ₹ 905.71 /SHARE
• HINDUSTAN NATIONAL ; PREFERENTIAL ISSUE OF ₹874 CR EQUITY SHARES UNDER RESOLUTION PLAN
• NCLT Approval: Resolution Plan by Independent Sugar Corporation Ltd (INSCO) approved for acquisition of HNGIL under CIRP.
• Equity Infusion: Issue of 87.40 Cr equity shares (₹10 FV each) on preferential basis → ₹874 Cr capital infusion.
• Strong Investor Backing: Shares allotted to KRPV group nominees & associates (incl. Nitin Kishore Gadhia, Gujarat Mulo Electronics).
• PC JEWELLERS; PC Jeweller Allots 9.72 Cr Warrants & 18.05 Cr Equity Shares
• Promoter Infusion: 9.72 crore Fully Convertible Warrants allotted to Shri Balram Garg (Promoter & MD) at ₹18/share → indicates promoter commitment.
• Equity Placement: 18.05 crore shares allotted to Capital Ventures Pvt. Ltd. (non-promoter) at ₹18/share → raising ₹324.99 crore.
• Capital Strengthening: Paid-up equity share capital rises from ₹706.80 cr to ₹724.86 cr → boosting liquidity.
• Dilution Risk: Public holding reduces from 61.44% → 62.40%, while promoter holding remains ~38.56%.
• MOBIKWIK; MobiKwik Reports Technical Glitch in Haryana; Issue Resolved Quickly
• Transaction Error: On Sept 11–12, 2025, some failed transactions were wrongly marked as successful → led to unauthorised payouts.
• Exploitation: Few merchants & users in Nuh district (Haryana) exploited the glitch for undue gains.
• Swift Action: Issue identified early Sept 12; resolved within 45 minutes. FIR filed, arrests made, 2,000+ merchant bank accounts frozen.
• Impact Limited: No effect on UPI/Wallet payments, balances, or customer credentials. Not a cyber-attack, but internal processing error.
• Recovery Underway: Portion of funds already recovered; monitoring systems strengthened.