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Below the Quote on Post market comment for Wednesday 17th Sep 2025 by Hardik Matalia, Derivative Analyst, Choice Broking

The Nifty50 index closed higher on Wednesday, powered by gains in several sectors amid optimism around India–US trade talks and hopes of a U.S. Fed rate cut. Markets were broadly positive, though strength was uneven across sectors. The Sensex rose 313.02 points to finish at 82,693.71, while the Nifty50 gained 91.15 points to close at 25,330.25. Broader markets saw modest moves, with the BSE MidCap up 0.08% and the SmallCap higher by 0.68%, indicating selective participation beyond large-caps.

Sector like PSU banks and financials led gains; IT, media, and oil & gas edged higher, while metals, autos, and consumer durables weakened. The Nifty50 held above the 25,300 mark, reinforcing psychological strength. The advance suggests investor comfort above this level, with upside momentum. Resistance likely near 25,400-25,500 zones; support around 25,000-24,900 remains relevant.

The BankNifty closed at 55,493.30, rising about 0.63%, demonstrating strong participation from banking names. Top contributors included Punjab National Bank, State Bank of India, Canara Bank, and Kotak Mahindra Bank, while weakness in IndusInd Bank and AU Small Finance capped upside.

India VIX stayed subdued around 10.20, reflecting stable sentiment. Options data highlighted 25,400 as a key hurdle and 25,000 as a firm support.

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