Indian markets witnessed a mixed but largely positive session on 10th September 2025, as IT and PSU banks emerged as strong gainers, while the auto sector faced profit booking after its recent rally. Broader indices maintained resilience, supported by foreign inflows and robust corporate developments.
Rajesh Power Services
Rajesh Power Services secured a ₹143.11 crore contract from DGVCL, boosting investor confidence in mid-tier infra and power solution providers.
Reliance Industries
Reliance announced the incorporation of a new subsidiary, Reliance Intelligence, signaling expansion into emerging technology-driven businesses. Analysts expect this move to strengthen Reliance’s digital ecosystem.
IT Sector Momentum
- TCS gained 2% on renewed US tech contracts.
- HCL Tech rose 2.6% after onboarding a new European client.
- Wipro climbed 2.7% following a cloud migration deal.
- Infosys rallied on speculation of a large US healthcare contract.
- Tech Mahindra advanced on securing a telecom software deal in the Middle East.
The Nifty IT index jumped 2.63%, reflecting optimism around a possible US Fed rate cut and expectations of revived global tech spending.
Banking Sector Action
- SBI rose on expectations of credit growth revival.
- Axis Bank climbed after receiving board approval for a ₹5,000 crore bond issuance.
- Canara Bank and Bank of Baroda gained on foreign fund inflows and retail loan growth.
The Nifty PSU Bank index surged 2.1%, supported by strong FII inflows worth ₹2,050 crore on 9th September.
Defence & Engineering
Bharat Electronics surged 4.3% after securing fresh defence orders, extending its strong order book momentum.
Financial Services
Bajaj Finance rose 2.2% backed by robust loan book growth, signaling continued strength in retail lending demand.
Auto Sector Weakness
- M&M dropped 2.5% after sharp profit-booking post GST cut-driven rally.
- Maruti Suzuki slipped 1.7% on weak August sales.
- Bajaj Auto declined 1.5% amid muted export orders.
- Hero MotoCorp fell 1.3% after a margin forecast revision.
- Tata Motors eased 0.9% due to delays in EV subsidy rollout.
Cement Sector
UltraTech Cement slipped as infrastructure demand momentum slowed, raising concerns on near-term volumes.
- BSE MidCap Index: +0.84%
- BSE SmallCap Index: +0.72%
- FIIs: Net buyers at ₹2,050 crore
- DIIs: Net buyers at ₹83 crore
- 52-week highs: 118 stocks
- 52-week lows: 53 stocks
- Upper Circuit: 232 stocks
- Lower Circuit: 159 stocks
- Rupee: Flat at ₹88.10 per USD
- A global rating agency upgraded India’s GDP forecast to 6.9%, citing resilient domestic demand and improving investment cycles.
- India-US trade optimism lifted export-oriented stocks, particularly in pharma, textiles, and IT.
- Realty sector gained 1%, reflecting sustained residential and commercial demand.
- FMCG and Media stocks traded mixed, with investors cautious ahead of inflation data.
- Energy sector remained stable despite crude oil fluctuations.
- Multiple SME IPO approvals from NSE added to primary market activity.
- Mutual funds recorded higher purchases in the liquid category, reflecting short-term cash deployment.
- Currency futures turnover rose as corporates increased hedging activity.
- Equity derivatives showed higher premium turnover, indicating rising speculative bets.
- REITs & INVITs saw fresh investor interest, showing appetite for yield-based instruments.
- NSE announced new listing compliance updates and expanded NSE Academy certification programs.
- Online dispute resolution filings hit a record, highlighting digital adoption in compliance.
The sharp rebound in IT and PSU banks is a positive signal for the market’s near-term resilience. However, auto sector volatility due to GST-related profit-booking and muted sales could keep investors cautious. FIIs turning strong buyers is a supportive factor, especially as global risk appetite improves on Fed’s dovish stance.
Going ahead, macro data, FII flows, and global cues will remain the key market drivers.