The market opened with cautious optimism, and sentiments held firm through the day, largely aligning with morning expectations. The Nifty 50 traded within a consolidated range, facing resistance near the 24,900 mark as anticipated.
Vigor Plast India: The IPO, which closed today, had a Grey Market Premium (GMP) of ₹0, suggesting a muted listing.
Austere Systems: This IPO also closed today with a GMP of ₹28, indicating potential listing gains of over 50%.
Open Interest (OI): Open Interest represents the total number of outstanding derivative contracts, such as options or futures, that have not been settled.
Here is your end-of-day market summary for Tuesday, September 9, 2025.
The market opened with cautious optimism, and sentiments held firm through the day, largely aligning with morning expectations. The Nifty 50 traded within a consolidated range, facing resistance near the 24,900 mark as anticipated. The session ended on a strong note, marking a fifth consecutive day of gains for the benchmark index, primarily buoyed by a significant rally in the IT sector.
Indian equity indices closed with healthy gains, extending their upward momentum.
The IT index was the standout performer, surging 2.8%. This rally was largely triggered by Infosys, which announced that its board would consider a share buyback proposal. The FMCG sector also saw gains of 0.5%. On the other hand, the Oil & Gas and Realty indices each declined by about 0.3%.
No major domestic economic data releases were reported today.
For the weekly expiry on September 9, options data indicated a strong resistance zone. The highest Call open interest was concentrated at the 25,000 strike, while significant Put open interest was built up at the 24,500 strike, suggesting this level as a firm support base. The India VIX, a measure of market volatility, remained relatively stable, closing with a slight increase.
Global cues remained supportive, with growing expectations of an interest rate reduction by the U.S. Federal Reserve. This sentiment has particularly benefited rate-sensitive sectors like IT.
Open Interest (OI): Open Interest represents the total number of outstanding derivative contracts, such as options or futures, that have not been settled. An increase in OI indicates new money flowing into the market, while a decrease suggests positions are being closed. It is a key metric for gauging market sentiment and the strength behind price trends.
Looking ahead, the market is positioned at a crucial juncture. The key technical levels to monitor for the Nifty 50 are the resistance zone of 24,900–25,000 and the support level around 24,620. A decisive breakout above 25,000 could signal a new upward trend.[3]
All provisional data points mentioned in this newsletter will be reconciled and confirmed in tomorrow's 'Market Prabhat' morning edition.
What are your thoughts on the IT sector's rally? Join the conversation and share your views
This newsletter is for informational purposes only and does not constitute investment advice. All data has been validated through multiple sources as per our verification protocol. 'Provisional' data is subject to revision by the source and will be reconciled next day. Market investments are subject to risks, and past performance does not guarantee future results. Readers are advised to consult qualified financial advisors before making investment decisions.
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 Tuesday, 9 September 2025, 5:37 PM IST.
On February 25, the US Department of Commerce announced preliminary countervailing duties (CVD) of approximately 126% on Indian solar module imports.
India's Monday session closed positively as Nifty 50 settled at 25,713.00 (+141.75 points, +0.55%) and Sensex rallied approximately 350+ points, led by PSU banks and financial stocks.
*Note: 19-Feb (Chhatrapati Shivaji Maharaj Jayanti) — FBIL did not publish a fresh forex rate (carried 18-Feb forward); NSE equity market was operational; FII/DII data present.
