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Nifty Steadies Near 25,100 as Fed Call Nears and IndiaUS Trade Talks Restart

Foreign outflows and sector rotation are keeping gains capped.

Overview

  • Indian benchmarks opened flat to slightly higher on Sept 16, with the Sensex hovering around 81,850–81,900 and the Nifty near 25,100 after an eight‑day rally ended the previous session.
  • Traders are positioning cautiously for the U.S. Federal Reserve policy decision and the resumption of IndiaUS trade discussions, even as Asian equities firmed and GIFT Nifty signaled a muted start.
  • Provisional data for Sept 15 showed FPIs were net sellers by about Rs 1,269 crore while DIIs purchased roughly Rs 1,933 crore, shaping a mixed liquidity backdrop.
  • Stock‑specific action remains pronounced: KRBL fell nearly 10% after an independent director resigned citing governance concerns, while Vodafone Idea rose about 6% on reports the Supreme Court may take up its AGR plea on Sept 19.
  • Adani Enterprises said it received a letter of award to build the SonprayagKedarnath ropeway with a planned investment of Rs 4,081 crore, as technical charts flag Nifty resistance near 25,200–25,250 and support around 25,000–24,800.