View on Market Performance - India-US Trade Optimism Propels Nifty Above 25,300

Nifty continued its upward rally by adding 91 points or 0.36%, to close at 25330. Nifty has risen for 11 out of the last 13 sessions by recovering more than 900 points from the recent swing low of 24404 made on 29th Aug 2025.

Leading the charge within the Nifty pack were Tata Consumers, SBI, and BEL. On the flip side, it proved to be a tough session for names like HDFC Life, Bajaj Finserve, and Titan, which ended as the major losers. On the volumes front, cash market turnover on the NSE was higher, up 11% compared to the previous session.

Sectoral performance was a mixed bag. Leading the advance were strong gains in Nifty PSU Banks, IT, and OIL & Gas. However, on the flip side, it was a tough session for several key sectors, with Metal, Consumer Durables, and FMCG all ending the day in the red.

The broader market indices continued their impressive upward journey, marking a nine-day winning streak. The Nifty Midcap 100 Index gained 0.1%, and the Nifty Smallcap 100 Index rose 0.70%. The market breadth was positive, with advancing shares outnumbering declining ones by a significant margin, as reflected in a BSE advance-decline ratio of 1.40.

The Indian rupee continued its strength for a fourth consecutive day, appreciating 24 paise against the greenback to close at a nearly three-week high of 87.81 levels. The rupee’s strength is largely a reflection of a more positive outlook on US-India trade relations and the ongoing unwinding of long positions in the USDINR, a trend supported by the greenback’s weakness and the strength in domestic equity markets.

Nifty is in continuation of an uptrend with support placed near 25150, the previous swing high on the daily charts. On the higher side, 25550 and 25670 are the key resistances to watch out for.

Source: HDFC Securities – Prime End of the Day Summary, 17 Sept, 2025

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