On Wednesday, markets are expected to remain in a consolidation phase, especially as investors await Consumer Price Index (CPI) inflation data from both India and the U.S., along with the outcome of the U.S. Federal Reserve’s policy meeting scheduled for September 16-17. Until these events play out, range-bound movement is likely to continue, with stock-specific opportunities dominating trading action.
“We expect markets to remain range-bound, tracking developments around trade agreements and the outcome of the U.S. Fed rate decision,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Stock Market Outlook Today, September 10, 2025
Indian equity markets ended Tuesday’s session on a strong note, with both the Sensex and Nifty registering gains, despite a volatile and range-bound trading day. Positive global cues ahead of crucial macroeconomic data releases-particularly the CPI figures from both India and the United States, helped support sentiment across the board.
At the close, the BSE Sensex rose 314.02 points, or 0.39%, to settle at 81,101.32. Meanwhile, the NSE Nifty 50 climbed 95.45 points, also up 0.39%, to end at a new all-time high of 24,868.60. Investor optimism ahead of the U.S. Federal Reserve’s policy meeting and weakening global economic indicators further bolstered expectations of a possible rate cut, which kept market participants engaged.
Sector-wise Stocks Performances Updates
On the sectoral front, Nifty IT outperformed, gaining traction amid renewed interest in tech stocks. Expectations of a potential rate cut in the U.S.-which typically benefits Indian IT exporters-added fuel to the rally. Notably, Infosys emerged as the top performer, rising nearly 3% and spiking up to 5% intraday after announcing its board would consider a share buyback on September 11.
Defensive sectors such as Pharma and FMCG also supported the indices, offering a buffer against global uncertainties. On the flip side, sectors like Oil & Gas, Realty, and PSU Banks lagged, acting as a drag on overall market gains.
The broader market showed resilience as well. The Nifty Midcap 100 index edged up 0.18%, while the Nifty Smallcap 100 advanced 0.34%, reflecting sustained investor interest beyond large-cap stocks and a healthy market breadth.
Sensex, Nifty Prediction Today: Technical View By Experts
From a technical standpoint, the Nifty formed a doji candle on the daily chart, indicating indecision in the market. However, the session also saw a higher high and a higher low, suggesting that the consolidation phase continues, driven largely by stock-specific activity.
The index to remain within a broader consolidation range of 24,400 to 25,000 over the short term. Immediate support is seen at 24,620, which was the low point last Friday. As long as the index sustains above this level, a retest of the psychological 25,000 mark remains likely. A breakout above 25,000 could open the door for further upside, with resistance seen around the 25,200 to 25,250 levels.
On the downside, strong support is situated between 24,400 and 24,300, a zone that includes recent swing lows and the 200-day exponential moving average (EMA). This support band will be crucial in determining near-term momentum, especially if selling pressure resumes.
“Index is likely to extend its range-bound consolidation phase observed over the last 10 sessions. The broader trading range is expected to remain between 24,400 and 25,000 in the near term. Immediate support is identified at last Friday’s low of 24,620, index holding above the same will lead to pullback towards 25,000 marks………. Overall, the index is likely to remain in a consolidation phase with a focus on stock-specific moves,” as per Bajaj Broking.
Bank Nifty Outlook Today for September 10
The Bank Nifty index also reflected a lack of direction, forming a small bearish candle with a minor lower shadow. The price action remained confined within the previous session’s range, signaling that the index is consolidating near its 200-day EMA.
“In the near term, the index is expected to remain range-bound between 53,500 and 55,000, suggesting a consolidation phase before any directional breakout. On the upside, the 54,800-55,000 zone remains a significant supply zone, marked by the confluence of the prior breakdown area and the 100-day EMA. This region is likely to act as a strong overhead resistance. On the downside, immediate support is placed at 53,500-53,300, which coincides with the 200-day EMA and the swing low of May 2025,” according to the Bajaj Broking.