Net direct tax collections for the financial year 2025-26, as of September 17, 2025, have shown a notable increase, rising by 9.18% to reach over Rs 10.82 lakh crore or $131 billion.
This growth is primarily attributed to a substantial decline in refunds issued by the Income Tax Department, a key indicator of efficiency in tax processing and compliance.
India’s direct tax collections jump 9.18% to Rs 10.8 Lakh Crore over fewer refunds- Daily Market Update 19th Sept 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 0.25% to 0.94%.
- European equity markets also ended higher in range 0.20% to 1.33%.
- Asian equity markets are trading mix.
- GIFT Nifty is down by 40 points, Nifty futures likely to open around 25471 levels.
Benchmark Nifty index ended higher above 25400 spot levels after adding 93 points to its previous closing values.
Broader markets performed in line with the benchmark as both Mid and Small cap indices settled on a positive note.
Majority of sectoral indices tracked at NSE ended with marginal gains. Amongst them, Pharma, Health Care and IT index managed to register some meaningful gains, rose in range 0.83% to 1.50%.
Technically, Nifty index is well placed on multiple time frames. However, the possibility of some minor profit taking cannot be ruled out at this juncture. Hence, we continue to uphold our buy on dips trading approach till it is trading above 25100 spot levels on closing basis and expect it to test 25500-25600 spot levels in near term.
Derivatives Overview & Outlook
Yesterday, Banknifty and Finnifty futures rose on short covering as both shed 5.5% and 6% of open interest respectively, Midcapnifty futures added 3.6% of open interest as long buildup. On the other hand, no significant changes were seen in Nifty futures on price as well as on open interest front.
Majority of sectoral indices settled on a higher note. Amongst them, Finance, Pharma, Power and Technology stocks witnessed maximum addition of long positions while some short buildup was seen in Chemical stocks.
On options front, put writing along with call addition was seen at higher strikes. Maximum positions are at 25000 PE followed by 25400 PE and 26000 CE followed by 25500 CE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 367 Cr in the cash segment, bought index futures worth Rs 1347 Cr also bought stocks futures worth Rs 223 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 3327 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25550-25620; Supports 25360-25280
Banknifty – Resistances 56000-56200; Supports 55500-55200
Finnifty – Resistances 26820-26900; Supports 26680-26600
F&O Security in Ban Today: ANGELONE, RBLBANK & HFCL.
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
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