Nvidia - OpenAI $100 Billion Deal Catapults Markets to Record Highs

U.S. stocks rallied to record closing highs for the third consecutive session on Monday, with technology shares leading the advance. The S&P 500, Nasdaq, and Dow Jones all reached new peaks, driven primarily by mega-cap technology gains.

Nvidia surged 3.9% after announcing a $100 billion investment in OpenAI and a partnership to supply data centre chips, fuelling optimism about AI prospects.

Apple also gained amid expectations for strong iPhone demand. The rally extended to global markets, with Wall Street’s advance lifting international stocks to fresh highs.

Pfizer gained after acquiring obesity drug developer Metsera, marking its re-entry into the fast-growing weight management sector.

Gold broke new records above $3,750 per ounce as investors sought safety amid expectations for Federal Reserve rate cuts and ongoing geopolitical risks.

India’s largest carmaker, Maruti Suzuki, recorded 80,000 customer enquiries and estimates nearly 30,000 deliveries, while Hyundai achieved wholesale volumes of 11,000 units on Monday—a day that coincided with both the first day of Navratri and the implementation of reduced GST rates.

The Nifty fell for the second consecutive session yesterday, declining 124 points or 0.49% to close at 25,202. From the recent swing high of 25448, Nifty witnessed a fall of almost 300 points. This marks a sharp correction from the recent high of 25,448.

The previous swing high support of 25153 was tested during yesterday’s trading session, followed by a minor recovery toward the end.

A decisive close below 25,150 could pave the way for a further decline towards the next support at 25,040 and 24,980. On the upside, the level of 25,350 is now poised to act as an immediate resistance.

Indian markets are poised to open subdued in today’s trade on weak sentiments in IT sector and persistent foreign selling.

Source: HDFC Securities Prime Daily, 23 Sept 2025

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