Morning Market Report – 10 Sept 2025

Global Cues: US markets closed higher (Dow +0.43%, S&P +0.27%, Nasdaq +0.37%). Apple unveiled iPhone 17 series, boosting global tech sentiment. Trump signaled progress in India-US trade talks; PM Modi echoed optimism. Gift Nifty indicates a start above 25,000. F&O: FIIs are slowly adding longs (7.4% on Sep 7 → 8.7% on Sep 9), but shorts remain elevated, keeping scope for short covering. Index Watch: Nifty 50: Support 24,800/24,700; Resistance 25,000/25,100. Key level 25,154 (Aug 21st high). Bank Nifty: Support 54,000/53,800; Resistance 54,500/54,800. Near 20-DMA at 54,773. Nifty Fin Services: Support 25,900/25,800; Resistance 26,100/26,200. Sensex: Support 80,600/80,400; Resistance 81,300/81,500. Stocks to Watch: Kotak Bank (Neutral): Sumitomo Mitsui to sell 1.65% stake (₹6,166 cr block deal, floor ₹1,880).

(+ve): RBI clears new directors from SMBC & SBI. (+ve): Price cuts up to ₹24k on GST relief. (-ve): Halol facility import alert hits US exports. (-ve): Aug APE -14.7% YoY; sector weak except HDFC Life (+0.7%). Vodafone Idea (+ve): Fresh AGR plea in SC. Blue Jet Healthcare (-ve): Promoter OFS (6.84%) at ₹675, 8% discount. Vikram Solar (+ve): Q1 revenue +80%, PAT 5x, strong FY26 guidance. Avanti Feeds (+ve): EU approves 102 new exporters, big boost for shrimp sector. Sterling & Wilson (+ve): ₹415 cr solar EPC order. FMCG (Neutral): Govt allows dual MRP till Dec’25. Insurance: Mixed Aug premium growth; industry up 1.6% YoY. IPOs Today: Urban Company (₹1,900 cr), Shringar House (₹400 cr), Dev Accelerator (₹143 cr). Outlook: Positive open expected. Tech, Auto & exporters in focus; pharma & insurance may drag. Bank Nifty’s move toward its 20-DMA is key.