Stock Market Update: Nifty, Bank Nifty Open Strong Ahead of US Fed Outcome

Gift Nifty opened with a gain of 42 points at 25,378, signaling a positive start for Indian markets. Asian markets are also trading in the green, while Dow Jones futures are slightly positive as investors await the outcome of the US Federal Reserve policy meeting later today.

For over 12–15 days, Indian markets have maintained a strong uptrend, supported by consistent institutional buying.

Nifty & Bank Nifty Levels

Nifty 50 closed yesterday at 25,239, comfortably above the crucial 25,200 support level.
Bank Nifty breached the 55,000 mark, closing strong with support coming from stocks like Kotak Mahindra Bank (+2.5%), L&T, and Maruti Suzuki.

Meanwhile, Tata Consumer (-1%), Asian Paints, and Nestle India were among the key losers. High-growth, high-volatility names like Zomato, Max Healthcare, and BEL also showed sharp moves.

Key Sector & Stock Watch

In the F&O segment, stocks like Cyient, HFCL, and Cholamandalam Finance are worth tracking for technical chart setups.
Gold surged past ₹1,14,175.00 Indian Rupee
levels, while silver saw mild profit booking. Natural gas gained nearly 3.5%.
The Indian Rupee strengthened slightly against the US dollar, moving from 88.20 to 88.06, though it remained weaker against the euro, pound, and yen.

Pivot Levels & Market Sentiment

On the upside, analysts now expect Nifty to test 26,000 levels, with 25,000 acting as a strong support zone.
For Bank Nifty, 55,000 is expected to act as immediate support, with 55,148 emerging as an important level.
Market sentiment remains positive with FII inflows of ₹308 crore and DII buying worth ₹159 crore on Tuesday. In total, institutional inflows crossed ₹1,800 crore.
India VIX cooled further from 10.4 to 10.27, indicating stable volatility. The Put-Call ratio rose from 1.08 to 1.29, reflecting bullish positioning.

Corporate Updates

Jindal Steel is exploring an acquisition of Thyssenkrupp’s European steel business.
PNC Infratech received CCI approval for acquiring Jaypee Associates’ assets, strengthening its infra portfolio.
LIC increased its stake in Tech Mahindra from 8.83% to 10.84%, boosting investor confidence in the IT stock.
BEL has bagged fresh orders worth ₹72 crore since September 1 across defense communication, radar, and cyber security.
ABFRL has rebranded its fashion line, moving beyond “Style Up” to appeal to a more premium market.
Premier Explosives received relief as Telangana Pollution Control Board revoked its plant closure order.
Karur Vysya Bank saw block deals where Bajaj Allianz Life Insurance acquired 10 lakh shares, while Motilal Oswal Mutual Fund sold 12 lakh shares.
Blue Dart received a ₹365 crore GST demand notice.
Star Health witnessed a stake sale, with MSI Star offloading 1.15% worth ₹298 crore, while PI Opportunities Fund bought shares worth ₹200 crore.

Outlook

Markets are expected to remain upbeat, with focus on the US Fed rate cut decision. A 0.25% cut is largely factored in; a deeper cut would be highly positive for equities, particularly banking and IT stocks.