Stock Market Today: Nifty, Bank Nifty Key Levels, FII Data

Indian markets opened with slight weakness today as Gift Nifty traded 22–23 points lower. However, the broader sentiment is not negative since most Asian markets are flat, while the Dow Jones remains marginally positive.

At present, Gift Nifty is hovering around 25,526, which is nearly 506 points above Nifty 50’s previous close, a sign of underlying strength.

Key Market Levels

A healthy retracement to 25,200 has already taken place, as discussed in yesterday’s evening wrap.
The crucial support zone lies between 25,150 and 25,000. A breach below this could trigger sharper declines. Until then, the correction is viewed as healthy and not a sign of panic.

Index Performance (22nd Sept)

Nifty 50 closed with a loss of 125 points at 25,252, holding on to key support. Resistance is seen near 25,500.
Bank Nifty slipped 174 points to 55,285, with 55,000 identified as the critical support level.
Mid-cap and small-cap indices fell nearly 400 points.

Institutional Flows

FIIs sold shares worth ₹2,910 crore, while DIIs bought ₹2,583 crore.
Volatility Index (VIX) rose by ~5%.
Increased call writing activity indicates cautious sentiment.

Stock-Specific Action

Adani Group shares surged:
- Adani Green up 12%
- Adani Transmission up 7%
- Adani Enterprises up 4%
HCL Tech emerged among top gainers; charts suggest further study.
NBCC also looks technically strong.
On the downside:
- KFin Tech slipped 5% amid stake sale news.
- IT stocks like Mphasis, LTI Mindtree, Coforge closed ~5% lower, largely due to renewed H1B visa concerns.

Commodities & Currency

Gold has breached the $12,000/oz international level, though local jewellery prices remain higher (around ₹1.20 lakh for a 10g coin).
Silver jumped to ₹1,33,601/kg.
The Indian Rupee weakened against major currencies including the Dollar, Euro, Pound, and Yen.

Corporate Updates

Vikram Engineering: Profit up 31.7% YoY, revenue up 17% YoY, but QoQ results showed up to 80% decline.
Hyundai secured 11,000 bookings on Day 1 of its new launch; Maruti delivered 3,000 cars on the first day of Navratri offers and recorded 80,000 enquiries.
KEC International won ₹3,243 crore worth of transmission and distribution orders in the US and UAE.
Brigade Enterprises announced a 7.5-acre residential project in Bengaluru with a gross development value of nearly ₹1,200 crore.
Arvind Elvin bagged a ₹145 crore traction substation project for Southern Railways.
Inox Wind Energy is raising ₹1,000 crore; large domestic institutions have already subscribed.
MK Global: Antique Securities acquired a 21% stake for ₹225.7 crore.
Suraj Estate picked up 53,000 sq. ft. carpet area in Maharashtra, valued at ~₹250 crore.
Energy Infra Trust: After Brookfield AMC’s 17 crore share sale, further reports suggest 361 portfolio managers offloaded 1.4% stake. Investors advised caution.

F&O Segment Update

HFCL has re-entered the F&O ban period due to market-wide position limit breach.

Upcoming Results

Earnings scheduled today include Asian Hotels, Sundaram Chemicals, and CARE Resorts.

📌 Takeaway: While markets show mild pressure with selective selling by FIIs, crucial support levels remain intact. Unless these are breached, the trend is not deeply negative. Stock-specific action in Adani Group, auto stocks, and select infra companies is expected to remain in focus.