Closing Bell: Tata Investment, Minda Corp among top gainers as Nifty closes at 25,060; Sensex Falls 385 points

Nifty 50 closed at 25,060.00, down by 110.25 points (-0.44%). Bank Nifty closed at 55,128.40, down by 378.20 points (-0.68%). Sensex closed at 81,730.10, down by 385 points (-0.46%).

Biggest Nifty losers were Tata Motors, Wipro, Bharat Electronics, Jio Financial, Hero MotoCorp, while gainers included HUL, Nestle, NTPC, JSW Steel, and Power Grid. Except for FMCG, all other sectoral indices ended in the red with auto, IT, media, metal, oil & gas, and realty down 0.5-2%. The BSE midcap index shed nearly 0.9% and the smallcap index was down 0.5%.

US Markets

• Dow Jones Futures jumped by 6.00 points, up 0.013%, currently trading at 46,643.00 as of 24th September 2025.

European Markets

• FTSE (UK) shrank by 6.52 points, down by 0.071%, standing at 9,216.79.
• CAC (France) plummeted by 24.97 points,  down by 0.31%, at 7,847.05.
• DAX (Germany) plummeted by 40.93 points, down by 0.17%, at 23,567.46.

Global events/updates

European shares slipped 0.3% on Wednesday morning, weighed down by broad sector losses, though defense stocks gained. The Stoxx Europe Aerospace and Defense Index rose 1.4%, with Saab up 5% and Hensoldt up 5%. The boost followed Donald Trump’s support for Ukraine reclaiming its territory, while broader markets faced pressure after Fed Chair Jerome Powell flagged overvalued equities.

Alibaba shares surged after CEO Eddie Wu announced increased investment in artificial intelligence. Hong Kong-listed shares rose over 6% on Wednesday, while U.S. premarket shares jumped 9.2%. The move highlights Alibaba’s focus on AI growth to strengthen competitiveness and future revenue streams, sparking strong investor optimism and renewed confidence in the company’s long-term strategy.

OpenAI’s first Stargate data center launched at a time of economic uncertainty, as slowing U.S. employment triggered a rate cut and weighed on tech sentiment. While Alibaba boosts AI spending and Nvidia eyes deeper ties with OpenAI, U.S. tech stocks pulled back. Investors now question whether Stargate can gain momentum amid market headwinds and rising energy demands.

India’s FMCG stocks like HUL, Nestle, and GCPL rebounded 2–3%, lifting the Nifty 50 by 70 points from the day’s low. The GST cut on hair oils from 18% to 5% boosted sentiment. Macquarie retained an “outperform” on Marico with a ₹820 target, citing diversification, premiumisation, and GST benefits. The Nifty FMCG index ended positive, breaking a three-day losing streak.

Tether Holdings, issuer of the $172 billion USDT stablecoin, is in talks to raise \$15–20 billion for a 3% stake, valuing it near $500 billion. Led by Cantor Fitzgerald, the potential deal would place Tether among the world’s most valuable private firms. Funds would support expansion in stablecoins, AI, energy, and media, as Tether eyes a U.S. comeback.

Stock news

Dr. Lal PathLabs: Dr. Lal PathLabs signed an agreement with South Indian Bank, individuals, and Aggarwal Towers Pvt. Ltd. to acquire Shalimar Bagh property, New Delhi, worth up to ₹74.51 crore, including four units, shop, basement, and parking.

NTPC: NTPC has sought government approval to bulk purchase nuclear reactors, ranging from 700 MW to 1,730 MW each, under India’s atomic expansion plans. The strategy aims to reduce costs and fossil fuel dependency nationwide.

Slone Infosystems Ltd: Slone Infosystems secured a domestic order from IT NXT, Mumbai, for 1,000 HP laptops worth ₹4.39 crore including GST. The order, dated 24 September 2025, will be fulfilled within two working days.

Ideaforge Technology: Ideaforge Technology entered a joint venture with First Breach to license, source, design, engineer, manufacture, and distribute specific IF UAVs in the USA, strengthening its international presence and expanding unmanned aerial vehicle business opportunities.

Coffee Day Enterprises: Coffee Day Enterprises announced CEO Malavika Hegde transferring 98.28 lakh shares (4.65% stake) to AHIH Resorts & Retreat Pvt. Ltd., joining the promoter group. The company’s board approved the strategic transfer on 23 September 2025.

Carysil: Carysil’s board approved expansion of its kitchen appliances assembly line capacity by 0.50 lakh units, raising total to 1.5 lakh units (50% increase). Estimated project cost stands at ₹25 crore for this enhancement initiative.

Reliance Industries: Reliance Industries will invest ₹1,156 crore in Tamil Nadu to establish a 60-acre integrated manufacturing facility, producing consumer products like biscuits, spices, flour, edible oil, and snacks, strengthening its nationwide consumer goods distribution network.

PB Fintech: IRDAI flagged concerns over PB Fintech’s high insurance commissions and distribution costs, directing reduction measures to improve efficiency. The regulator emphasized aligning expenses with sustainable practices, ensuring affordability and better value across India’s insurance sector.

Kotyark Industries Limited: Kotyark Industries received a Draft Test Report from ARAI for B20 and B30 biodiesel blends tested on power generators. Trials evaluated emission compliance with CPCB IV+ standards under the Ministry of Heavy Industries supervision.

Refex Industries Ltd: Subsidiary Venwind Refex Power secured ₹474.45 crore order from a leading Independent Power Producer for wind power project in Gujarat. The deal covers WTGs, tubular towers, installation, and support, with deliveries until March 2027.

MOS Utility Ltd: MOS Utility revised record date for 1:1 bonus issue to 14 October 2025, pending preferential issue approval. The change ensures compliance with stock exchange requirements before distributing fully paid-up equity shares to shareholders.

Desco Infratech Ltd: Desco Infratech received ₹3.96 crore order from Gail Gas Limited for underground MDPE pipeline and associated works in Bengaluru’s CGD projects. The contract specifies execution timeline of 12 months, strengthening Desco’s infrastructure services portfolio.

Brokerage Recommendations

HUL

• Target Price:- Rs 2,850 apiece
• Upside:- 11.66%
• By ICICI Securities

HPCL

• Target Price:- Rs 452 apiece
• Upside:- 6.45%
• By Religare Securities

Karur Vysya Bank

• Target Price:- Rs 267 apiece
• Upside:- 26%
• By ICICI Securities Limited

Coromandel International Ltd

• Target Price:- Rs 2,535.00 apiece
• Upside:- 13.61%
• By Sharekhan

Top gainer/Top loser (Nifty 500)

Conclusion:  Indian markets closed lower, with Nifty 50, Bank Nifty, and Sensex down amid sectoral losses, except FMCG, which gained on GST cuts. Global cues were mixed, with Alibaba rallying on AI investment, while European markets fell. Key domestic developments included corporate expansions, orders, and regulatory updates. Select stocks and sectors showed resilience, offering opportunities despite broader market weakness.

Written by Abhishek Singh

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