Stock markets soar on Federal Reserve rate cut, with the Sensex ending the day above the 83,000 mark
Market Recap for September 19, 2025
Stocks in India witnessed a positive trend on Friday, with the Nifty 50 and the Sensex closing higher. The Nifty 50 closed at 25,423.60, an increase of 93.35 points or 0.37 percent, while the Sensex closed at 83,013.96, an increase of 320.25 points or 0.39 percent.
Notable open interest build-up was observed in Mankind Pharma, Page Industries, KFin Technologies, LTIMindtree, and HFCL. The Nifty Pharma index surged 1.50 percent to reach 22,574.35. Sun Pharma gained 1.75 percent to ₹1,648.50, and Cipla advanced 1.31 percent to ₹1,580.00.
In the financial sector, the Nifty Financial Services index rose 0.51 percent to 26,698.65, and HDFC Life stock rose 2.22 percent to ₹785.10. The Nifty 500 index, which represents the broader market, also showed strength, with the midcap and smallcap indices rising nearly 0.5 percent each. The Nifty Midcap 100 gained 0.38 percent, and the Nifty Bank advanced 0.42 percent.
Infosys closed 1.23 percent higher at ₹1,541.10, while Eternal stock jumped 2.92 percent to ₹337.85. The tech sector also showed some positive movement, with the Nifty IT index closing flat.
The benchmark index witnessed a sharp recovery in the final hour of Thursday's trading session. The market is now positioned to test the 25,500 resistance level, with a decisive move above potentially triggering a rally towards 26,000 levels.
In the global market, the US Federal Reserve cut interest rates by 25 basis points to 4.25 percent, marking the first rate reduction since December. This move was expected and did not have a significant impact on the Indian market. However, the rupee remained under pressure despite the positive market sentiment.
Anindya Banerjee, Head of Currency & Commodity Research at Kotak Securities, expects the USDINR to consolidate within the 87.70-88.70 range on spot. Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities, expects the Nifty to test the levels of 25,600, followed by 25,750 in the short term.
Gold showed volatility with MCX Gold recovering to ₹1,09,775 from lows of ₹1,08,700. Among the global stocks, the 12 companies watched by investors included Meta Platforms, Apple, Microsoft, Tesla, Amazon, Alphabet (Google), Nvidia, Berkshire Hathaway, Johnson & Johnson, JPMorgan Chase, ExxonMobil, and Procter & Gamble.
In the currency market, the USDINR has not reacted much to the somewhat dovish tilt from the US Federal Reserve. Until a trade agreement with the US is finalised, the Rupee is likely to stay under pressure from FPI outflows and speculative selling.
Read also:
- United States tariffs pose a threat to India, necessitating the recruitment of adept negotiators or strategists, similar to those who had influenced Trump's decisions.
- Weekly happenings in the German Federal Parliament (Bundestag)
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
