The US Federal Reserve has resumed its much-awaited rate-cut cycle after nine months, as it has slashed the benchmark lending rates by 25 basis points, and sees two more cuts by 2025-end.
US Fed slashed lending rate by 25 bps after a pause of Nine months- Daily Market Update 18th Sept 2025
Overview and Outlook
Global Stock Market Today
- US equity markets, barring DOW Jones, settled on a negative note.
- European equity markets settled on a flat to negative note.
- Asian equity markets are trading higher.
- GIFT Nifty is up by 100 points, Nifty futures likely to open around 25520 levels.
Benchmark Nifty index ended higher at 25330 spot levels, added 91 points to its previous closing values after a lackluster trading session.
Performance on the broader front was mix. Mid cap index ended on a flat note, on the other hand, Small cap index gained 0.68%.
Performance on the sectoral front was no different. Amongst them, only PSU Bank index could post some meaningful gained rose 2.61% rest settled with minor gains or losses.
Technically, Nifty index is well placed on multiple time frames and heading towards 25500 spot levels as shared in our previous post. We reiterate our bullish view on Nifty index till it is trading above 25050 spot levels on closing basis.
Derivatives Overview & Outlook
Yesterday, long buildup was seen in Finnifty futures with increase in open interest by 1.33% along with short covering in Nifty and Banknifty futures that shed around 2.5% and 7% of open interest respectively. On the other hand, no significant change was observed in Midcapnifty futures on open interest front.
On option front, put writing along with some call writing was seen at higher strikes. Maximum positions are at 25500 CE followed by 26000 CE and 25200 PE followed by 25300 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 989 Cr in the cash segment, bought index futures worth Rs 1708 Cr and sold stocks futures worth Rs 401 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2205 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25550-25620; Supports 25360-25280
Banknifty – Resistances 56000-56400; Supports 55500-55200
Finnifty – Resistances 26780-26900; Supports 26700-26600
F&O Security in Ban Today: ANGELONE, RBLBANK & OFSS.
Disclosure
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