[Daily Market Trend | 17 Sep 2025]
Opening signal & market mood
At 08:00 IST, SGX Nifty futures trade at 25,088, broadly unchanged from the prior cash close. Offshore mood is watchful as investors await cues from the upcoming US Federal Reserve meeting.
Capital flows & institutional move
FIIs on 16 Sep were net sellers of ₹-2,845 crore.
DIIs on 16 Sep were net buyers of ₹+2,120 crore.
September month-to-date FII equity outflows stand at ₹−12,250 crore, while DIIs have absorbed part of the selling, providing domestic stability.
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Global drivers
USA
Dow Jones −0.18 % : Softness as traders cut risk before Fed outcome
Nasdaq −0.25 % : Tech weighed by rising yield concerns
S&P500 −0.20 % : Indices declined in cautious, low-volume trade
Asia
Nikkei +0.14 % : Japanese stocks supported by yen weakness
Shanghai Composite −0.10 % : Marginal dip as property concerns linger
Kospi −0.06 % : Korea trades softer on foreign outflows
Europe
FTSE −0.22 % : Weak commodity shares dragged indices lower
DAX −0.16 % : German markets cautious ahead of ECB commentary
CAC −0.19 % : French equities followed continental weakness
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Events & newswatch
US FOMC two-day meeting begins, markets expect no hike but await guidance.
Oil market remains volatile with OPEC+ monitoring production targets.
India WPI inflation data scheduled, critical for domestic rate trajectory.
Eurozone CPI readings to shape ECB’s tone.
Global corporate earnings season updates continue in select sectors.
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Politics & Policy
India
• RBI Governor reiterated inflation control as priority, aligning with fiscal measures.
• Political discussions on state-level spending programs continue to influence budgetary math.
US
• Fed policy guidance under focus as officials weigh sticky inflation against slowing growth.
• Election campaign rhetoric intensifies on tax and trade policy fronts.
Global
• G7 finance ministers emphasized fiscal balance in the face of rising debt.
• China hinted at selective stimulus while reiterating currency stability commitment.
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Treasuries & US/India central bank updates
US 10-year Treasury yield trades at 4.19%, firm ahead of the Fed meeting.
Markets see no immediate Fed move, but dot plot and guidance will be key.
RBI maintains readiness to smooth volatility in FX as global risk premiums rise.
Bond markets & yield trends
India 10-year G-Sec yield at 6.48%, stable in a narrow range despite foreign selling.
Currency & forex landscape
USD/INR trades in 88.4 – 88.6, reflecting rupee pressure from stronger dollar.
Domestic importers remain under stress from rising energy-linked forex costs.
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Commodities
Energy
– Brent crude is at $69.1 / bbl, edging higher on supply concerns and OPEC+ vigilance.
– Natural gas prices remain muted with balanced demand-supply outlook.
Base & precious metals
– Gold at $3,755 / oz, firm as markets seek safety pre-Fed.
– Silver trades modestly higher in tandem with gold.
– Copper and aluminum stay rangebound, weighed by mixed demand signals.
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Volatility & options metrics
India VIX: 10.9 (+4.2% vs prior).
US VIX: 17.0 (+0.5%).
Nifty PCR at 0.83, signaling cautious positioning.
Options IVs slightly elevated ahead of Fed risk.
Trade levels & technical map
Pivot = 25,060
R1 / R2 = 25,160 / 25,280
S1 / S2 = 24,970 / 24,880
Key watch: supports at 25,000 and 24,880, resistances at 25,160 and 25,280.
Directional summary & triggers
Net: SGX Nifty at 25,088, implying +2 pts (+0.01%) vs prior close; trend muted with Fed event risk.
Key triggers: US 10Y at 4.19%, Brent crude $69.1, USD/INR around 88.5.