Pre-Market Report – 24 September 2025
The Indian equity market is set for a cautious yet optimistic opening on 24 September 2025. Early trends in the GIFT Nifty suggest a slightly positive bias, while global markets indicate mixed signals. Investors will keep a close watch on banking, IT, and auto stocks as macroeconomic factors, global cues, and FII/DII flows shape market sentiment.
🌍 Global Market Overview
Global cues remain the dominant force for today’s session. Overnight, Wall Street indices ended mixed: the Dow Jones Industrial Average gained 0.20%, S&P 500 edged up 0.15%, while the tech-heavy Nasdaq slipped by 0.12% on the back of renewed selling pressure in large-cap technology stocks.
Bond yields in the US remained steady, with the 10-year Treasury yield holding around 4.20%, reflecting concerns over sticky inflation. Meanwhile, European markets ended higher as energy prices softened and investors looked forward to upcoming ECB commentary. In Asia, Nikkei traded higher on strong export data, while Hang Seng showed volatility due to weakness in property sector shares.
The global macro environment is still influenced by three key factors:
- US Fed’s upcoming policy stance on interest rates.
- Crude oil’s trajectory around $84/barrel – crucial for India’s import bill.
- Geopolitical developments, especially in the Middle East.
📊 GIFT Nifty & Early Trends
As of 7:55 AM IST, GIFT Nifty traded 72 points higher near the 25,050 level, indicating a mildly positive start for Indian equities. However, analysts caution that follow-through buying will depend on sectoral leadership, especially from banking and IT stocks.
📈 Technical Outlook for Nifty & Bank Nifty
The Nifty index has been consolidating within a tight range of 24,750–25,100. A breakout on either side will dictate the next short-term move.
- Immediate Support: 24,750
- Strong Support: 24,600
- Resistance Zone: 25,100 – 25,250
Meanwhile, Bank Nifty is showing relative strength with buying seen in large-cap private banks. Support is placed at 52,400, while resistance lies around 53,200. A sustained move above this resistance may trigger fresh upside momentum.
🏦 Sectoral Outlook
Sectors to watch out for today:
- Banking & Financials: Positive bias as credit growth continues strong momentum.
- Information Technology: Under pressure due to weak Nasdaq; watch Infosys, TCS, HCL Tech.
- Automobiles: Positive traction ahead of festive season demand; M&M and Maruti in focus.
- FMCG: Stable outlook, investors tracking rural demand recovery.
- Metals: Mixed trend as global commodity cues remain volatile.
💰 FII & DII Data
Foreign institutional investors (FIIs) were net sellers worth ₹1,050 crore in the previous session, while domestic institutional investors (DIIs) offset some of the selling with net inflows of ₹740 crore. The tug-of-war between FIIs and DIIs continues, with market direction often shifting based on these flows.
🪙 Currency & Commodities Update
- USD/INR: The rupee remains steady near 83.12, with RBI likely intervening to curb volatility.
- Gold: Domestic gold prices hover near ₹63,200 per 10 grams.
- Crude Oil: Brent crude trades at $84.10/barrel, still a concern for India’s import bill.
🔥 Stocks in Focus for 24 September
- Reliance Industries: In focus ahead of AGM highlights and energy business updates.
- HDFC Bank: Likely to remain strong after brokerage upgrades.
- Infosys & TCS: IT majors under scrutiny after weak Nasdaq closing.
- Maruti Suzuki: Expected to gain from festive season momentum.
- Adani Ports: Remains volatile; traders eye F&O activity.
📌 Trading Strategy for Today
Traders are advised to adopt a “buy-on-dips” strategy in banking and auto stocks while being cautious in IT. Short-term traders should keep stop losses tight given the volatile nature of the market.
Intraday Picks: Buy HDFC Bank, Maruti Suzuki; Sell Infosys below 1,450.
📉 Derivatives Data & Options Activity
Options data for Nifty shows maximum Call open interest (OI) at 25,200 and maximum Put OI at 24,800. This indicates a trading range of 24,800–25,200 for today’s session. The Put-Call Ratio (PCR) stands at 0.95, reflecting slightly bearish sentiment, but short covering in Call options could drive an upward move if Nifty sustains above 25,100.
Bank Nifty options show heavy Put writing at 52,500, indicating strong support. On the upside, resistance is visible near 53,200 as per Call OI buildup.
📊 India VIX & Market Sentiment
The India VIX, a measure of market volatility, is trading near 12.8 levels, suggesting that traders are relatively complacent. A sudden spike above 15 could trigger sharp intraday swings. Sentiment remains cautiously optimistic as long as India VIX stays below 14.
🏛️ Macro-Economic Updates
On the domestic front, India’s GDP growth estimate for FY25 remains steady at 6.7%. Inflation has softened slightly, giving comfort to the RBI, though crude oil remains a risk factor. The central bank is expected to maintain its “pause stance” on rate hikes in the upcoming policy meeting.
Globally, the US Fed has maintained a hawkish tone but is unlikely to raise rates aggressively. ECB officials are hinting at policy stability, while the Bank of Japan continues with its ultra-loose monetary policy.
📌 Weekly Market Outlook
The week beginning 23–27 September is expected to remain event-driven. Market experts believe Nifty could consolidate in the 24,600–25,300 zone with stock-specific action. Key events to track this week include:
- US Fed Chair Powell’s speech on inflation trends.
- Crude oil inventory data in the US.
- FII monthly expiry positioning in index futures.
🔎 Expert Commentary
Analysts are advising traders to focus on sectors showing relative strength:
- Positive: Banks, Auto, Pharma
- Neutral: FMCG, Energy
- Weak: IT, Realty
“Market breadth is improving gradually, and investors should avoid panic selling during intraday dips. Focus on quality large-caps with strong earnings visibility.” – Market Expert, News-Network.in
📌 Long-Term Investment Picks
For long-term investors, analysts suggest accumulating blue-chip stocks in a staggered manner. Some recommended names include:
- HDFC Bank – Strong growth in retail credit.
- Reliance Industries – Diversified business with retail and Jio platforms.
- Infosys – Despite short-term IT weakness, long-term digital demand remains robust.
- Maruti Suzuki – Festive season demand boost expected.
- ITC – Consistent performance and strong FMCG portfolio.
📝 Trading Psychology Tips
- Avoid chasing momentum blindly; stick to pre-defined entry/exit levels.
- Maintain strict stop-losses in volatile sessions.
- Do not let FOMO (Fear of Missing Out) drive your trades.
- Follow position sizing – never risk more than 2% of capital per trade.
📌 Summary
The market is expected to open on a positive note today, supported by GIFT Nifty trends. However, follow-up buying will be key for sustaining momentum. Nifty’s crucial resistance lies at 25,100–25,250, while support is at 24,750. Bank Nifty remains the leader, and IT is likely to drag. Investors should focus on selective stock picking while traders can look for intraday opportunities in banking and auto stocks.
❓ Frequently Asked Questions (FAQ)
Q1: What is GIFT Nifty indicating today?
A: GIFT Nifty is up 72 points, signaling a positive start.
Q2: Which sectors are likely to perform well today?
A: Banks and Auto stocks are expected to outperform.
Q3: What are the key resistance levels for Nifty?
A: 25,100 and 25,250 are the immediate resistance zones.
Q4: Should traders buy IT stocks today?
A: Caution advised in IT; weakness likely to persist.
Q5: How are FIIs and DIIs positioned?
A: FIIs sold ₹1,050 crore; DIIs bought ₹740 crore yesterday.
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