GIFT Nifty futures are indicating a weak start, trading at 25,177.50, down 39 points from yesterday's close. The key difference from previous sessions is the global backdrop -US markets snapped their three-day record streak as Fed Chair Jerome Powell's cautious commentary on rate cuts and remarks…
Sector Resilience: Despite the panic, industry body NASSCOM revealed that Indian IT companies are spending over $1 billion on local upskilling and hiring in the US.
Actionable Trigger: Watch for management commentary from IT majors during upcoming quarterly results.
Concerning Trend: Digital lending startups faced a 50% plunge in VC funding in 2025, highlighting sector-specific challenges.
Gold Rush: Spot gold surged to a fresh all-time high of $3,790.82, driven by China's strategic positioning as a custodian of foreign sovereign gold reserves and expectations of further US rate cuts.
Good morning. The consolidation continues on Dalal Street as Indian equities closed marginally lower for the third consecutive session yesterday, with the Nifty 50 slipping 33 points to 25,169.50 and the Sensex down 58 points to 82,102.10. However, Bank Nifty bucked the trend, gaining 225 points to close at 55,509.75, signaling a defensive rotation into financials.
What's different today? GIFT Nifty futures are indicating a weak start, trading at 25,177.50, down 39 points from yesterday's close. The key difference from previous sessions is the global backdrop -US markets snapped their three-day record streak as Fed Chair Jerome Powell's cautious commentary on rate cuts and remarks about "fairly highly valued" equity prices dampened sentiment.
Overnight: Wall Street pulled back (tech led) after Powell’s “balance risks” comments; gold hovered near records; oil remains soft/volatile on supply headlines.
The H-1B visa fee shock continues to reverberate through India's IT sector, with the narrative expanding beyond immediate cost concerns to strategic business model shifts.[10][11]
The Indian startup ecosystem showed resilience with significant funding activity despite global headwinds:
Yesterday's session revealed clear sectoral rotation patterns:
Gold Rush: Spot gold surged to a fresh all-time high of $3,790.82, driven by China's strategic positioning as a custodian of foreign sovereign gold reserves and expectations of further US rate cuts. In Mumbai's Zaveri Bazaar, 10-gram gold jumped nearly 2% to a record ₹1,13,856.
Gold still “sizzling” as a macro hedge even on tech wobble days.
Yesterday's market action revealed a sophisticated defensive positioning strategy as investors rotated from growth-oriented sectors to defensive plays. The 1% gain in PSU Banks and Metals, contrasted with the 1.3% decline in FMCG, signals institutional money seeking refuge in domestic-focused, interest-rate-sensitive sectors.
This rotation is particularly significant given the global uncertainty. With Fed Chair Powell highlighting the dual mandate challenges and Asian markets declining this morning, Indian investors are positioning for potential volatility. The Bank Nifty's outperformance (+0.41% vs Nifty's -0.13%) indicates confidence in the domestic banking sector's fundamentals despite global headwinds.
89 88.8 88.7435 88.6 88.4 88.3055 88.2 88.1209 88.1447 88.0461 88 87.8 87.752 87.6 87.4 87.2 16-Sep-25 17-Sep-25 18-Sep-25 19-Sep-25 20-Sep-25 21-Sep-25 22-Sep-25 23-Sep-25
"Chair Powell in his speech emphasised that 'near-term risks to inflation are tilted to the upside and risks to employment to the downside', highlighting the challenges of balancing the Fed's dual mandate in the current environment." — Westpac Research Analysts (Sep 24, 2025, 07:00 AM)
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This research is for information and education only and is not investment advice. Figures may be provisional. Oorjita.AI and its authors may hold positions in securities mentioned. Please consult a SEBI-registered investment adviser before making investment decisions. Published Wednesday, 24 September 2025, 8:25 AM IST.
FIIs bought ₹45,960.02 cr of Indian equities this week — 615.28% above their 4-week average of -₹8,919.37 cr. Nifty rose 8.58% and closed at its weekly high, back above both its 25-week and 200-day averages. It did this while the S&P 500 fell 2.68%, the Nikkei 9.25% and Brent 16.42%.
All four layers aligned bearish. A/D = capitulation breadth.
Morning brief not available for carry-forward today. No Morning Outlook, Support/Resistance levels, Sector Call, or Stock Watch variables were provided for this session.
