Markets at Noon: Nifty and Sensex Edge Higher, Cables Sector Leads Gains
Indian stock markets show positive momentum at midday, with Nifty at 24,847.65 (+0.30%) and Sensex at 81,021.98 (+0.29%). Cables, Castings, and Beverages sectors lead gains, while Diamond & Jewellery and Aviation underperform. Buzzing stocks include SpiceJet, Tata Motors, and Samvardhana Motherson. Market sentiment remains cautiously optimistic, with midcaps outperforming and showing real momentum.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday on September 9, 2025, with both benchmark indices trading in the green. The Nifty 50 is currently at 24,847.65, up 74.50 points or 0.30% from its previous close. Similarly, the BSE Sensex is trading at 81,021.98, registering a gain of 234.68 points or 0.29%.
Sectoral Performance
Top Performing Sectors
| Sector | Average Percentage Change |
|---|---|
| Cables | +2.29% |
| Castings, Forgings & Fasteners | +1.13% |
| Beverages | +1.08% |
Underperforming Sectors
| Sector | Average Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | -1.73% |
| Aviation | -1.35% |
| Printing & Stationery | -0.91% |
Buzzing Stocks
SpiceJet: The airline has received approval for a $54 million equity allocation to Carlyle and GasL lessors as part of restructuring its lease payments. Additionally, SpiceJet's board has approved a settlement agreement with Carlyle Aviation, which includes writing off $40.17 million in lease arrears.
Tata Motors: The stock has broken above its 200-day moving average for the first time since October 24, showing a price and volume breakout with a target of 745 and stop loss at 697.
Samvardhana Motherson International: The company unveiled its Vision 2030 plan, targeting gross revenue of $108 billion by FY30. The stock jumped over 4% intraday following the announcement, trading 3.92% higher at Rs 98.31.
HFCL: The company has proposed building a defense manufacturing facility in Madakasira, Andhra Pradesh. The state government has allocated 1000 acres of land for this project, with 329 acres granted in the first phase.
TCS: The IT giant has formed a partnership with CEA to enhance physical AI research and innovation activities in France, aiming to strengthen capabilities in the physical AI domain within the French market.
Market Sentiment
Market sentiment remains cautiously optimistic, with the Nifty showing resilience despite sluggish moves in benchmark indices. Analysts expect the Nifty to gradually move towards 25,000 levels, with strong support at the 24,700-24,650 range. The midcap segment is outperforming, gaining 1% and showing real momentum. The broader market appears set for gradual gains with midcaps showing strength and selective stocks breaking key technical levels.
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