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16th Sep · SEBI-Registered Analyst

Market Recap: Sensex back in action after brief pause, jumps 595 pts; Nifty crosses 25,200

: Indian equities rebounded on Tuesday, closing firmly in positive territory. The Sensex surged over 590 points while the Nifty 50 advanced past the 25,230 mark. Gains in automobile counters, optimism around U.S. trade discussions, and expectations of a U.S. Federal Reserve rate cut buoyed investor confidence. The S&P BSE Sensex rallied 594.95 points, or 0.73%, to settle at 82,380.69. The NSE Nifty 50 ended higher by 169.90 points, or 0.68%, finishing at 25,239. IPO Watch: Euro Pratik Sales issue now open — worth subscribing? Euro Pratik Sales has launched its ₹451.3 crore IPO, with the price band fixed between ₹235 and ₹247 per share. The three-day offer comes after a ₹135 crore pre-IPO placement by Ashish Kacholia. The firm aims for a dual listing on NSE and BSE. Key Movers of the Day A multibagger stock gained 16% as anticipation builds around iPhone 17 sales.

IDEA
Idea dropped 4% as markets await this week’s Supreme Court hearing.
GODFRYPHLP
Phillips jumped 8% after its 2:1 bonus issue came into effect.
GHCLTEXTIL
majors including KPR Mill and Raymond rallied up to 7% amid chatter of a possible India-U.S. trade pact. Global Market Snapshot S&P 500 futures gained 0.2% (as of 5:57 a.m. New York time) Nasdaq 100 futures advanced 0.3% Dow Jones Industrial Average futures were largely unchanged Stoxx Europe 600 slipped 0.3% MSCI World Index held steady

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