Indian Stock Market Update: Nifty, Bank Nifty Rally After Fed Rate Cut; SEBI Clears Adani Group, Big Moves in Midcap Stocks

The Indian stock market ended Thursday on a strong note, lifted by global cues and positive domestic triggers. A surprise U.S. Federal Reserve interest rate cut set the tone, leading to a gap-up opening in Indian equities.

Gap-Up Opening and Strong Close

The market opened with nearly a 300-point gap-up, as the Nifty Bank surged from around 55,500 in the previous close to nearly 55,800 at the opening bell. Interestingly, the gap created in the morning session was fully filled during the day, after which indices recovered sharply and closed near their intraday highs.

Nifty 50 closed 93 points higher, comfortably above the 24,200 level.
Bank Nifty gained 234 points, signaling a continuation of the positive trend.
Midcap and Smallcap indices also saw strong buying support.

Market analysts highlighted that while minor resistances exist near 25,600 and 25,650 levels, there are no major hurdles until the 26,000 zone.

Global Market Performance

The Dow Jones Industrial Average traded 123 points higher, supported by the Fed’s rate cut.
European markets remained largely flat.
GIFT Nifty was seen around 25,480 — nearly at par with the day’s closing levels.

Midcap & Smallcap Action

The broader market saw big moves with several stocks standing out:

Poonawalla Fincorp jumped 12.5% after announcing plans to raise ₹1,500 crore through a preferential issue, boosting its balance sheet and lending capacity.
Tata Investment Corporation surged 6.5%, supported by the semiconductor theme.
Zen Technologies rebounded 5% after a long decline, on expectations of demand for its anti-drone technology.
Sanco BioTech also ranked among the top gainers.

On the losing side:

Sharda Energy dropped 5.5%.
Cohens slipped following a large block deal.
Frame Power India and Silverline Power were also among the notable losers.

Weekly Winners and Losers

Over the past week:

Redding gained nearly 18%.
Cochin Shipyard, Hindustan Copper, and KPR Mill were also top weekly outperformers.

In contrast:

Cohens lost 7.5%.
Aditya Birla Sun Life AMC, Metropolis Healthcare, Jubilant FoodWorks, and Ares Life Sciences were key underperformers.

Nifty Top Gainers & Losers

On Thursday, the top Nifty gainers were:

Eternal (+3%)
HDFC Life (+2%)
Infosys and Sun Pharma also saw gains.

The top losers included:

Coal India
Tata Motors
Bajaj Finance
Tata Steel

Over the past week:

Axis Bank rose 6%, showing signs of accumulation.
Maruti Suzuki and SBI Life also outperformed.
Titan dropped 3% as gold prices hit demand.
Asian Paints, Hindustan Unilever, IndusInd Bank, and Bajaj Auto saw profit booking after their sharp GST-cut-driven rally.

Stocks with higher delivery accumulation compared to the previous session included Kotak Mahindra Bank, Axis Bank, Apollo Hospitals, Power Grid, and NTPC.

Key Corporate Developments

Adani Group Clean Chit:
SEBI issued its final order clearing Adani Enterprises and other Adani Group companies of all allegations made by U.S.-based Hindenburg Research. With Hindenburg now defunct, SEBI’s clean chit brings major relief to Gautam Adani, Rajesh Adani, and the group’s promoters.

ARFin India Export Order:
ARFin India secured an international order worth ₹180 crore from a Japanese client for 6,900 MT of aluminum products, boosting its credibility and long-term partnerships.

Texmaco Rail Order:
Texmaco Rail received an order worth ₹87 crore for BCFC wagons from Altok SMT, strengthening its domestic business outlook.

Nestlé Price Cuts:
Nestlé India announced price cuts across major products, including Maggi noodles, coffee, chocolates, and dairy items, particularly in larger pack sizes where margins are higher. The stock has been consolidating between ₹1,100–₹1,250 since last September.

Yes Bank Stake Sale:
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquired a 20% stake in Yes Bank, making it the largest shareholder. SMBC is expected to raise its holding further to 25%, highlighting renewed foreign investor confidence in the private lender.

Avantel Order:
Satellite communication firm Avantel Ltd won a ₹12.5 crore order from Bharat Electronics Ltd (BEL) to supply satellite communication products, to be delivered by March 2026. The stock is forming a “cup-and-handle” pattern near lifetime highs.

Technical Market View

Nifty 50 intraday charts showed a double-top formation, gap-fill action, and a strong close near the highs — considered a bullish sign.
Market analysts suggest the positive trend will likely continue, with strong relative strength and a completed W-pattern on charts.
Small resistances are expected, but no major obstacles are visible in the near term.

✅ Disclaimer: This report is for information purposes only. It should not be considered investment advice. Investors are advised to conduct their own research or consult financial advisors before making investment decisions.