VRIGHT Exchange — Daily Market Update

Date: 30 September 2025

Market snapshot & macro cues

Indian benchmarks opened with modest gains after a seven-session losing run; financials and metals led early strength as markets parsed RBI-related commentary and global weakness.

ADB trimmed near-term regional growth; India still seen as one of the faster growing large economies (growth ~6.5% for FY26 in the latest ADB note).

Volatility drivers: US tech / earnings momentum (Accenture / GenAI bookings) and fresh trade/tariff noise remain dominant global inputs for Indian markets today.

Sector-wise brief (corporate actions → market view → investor insight)
1) Financials & Banks

Corporate: Index rebalance effective today shifted weights (notable changes reported); some private bank names saw reweighting headwinds.

Market: Financials led early gains; PSU / large private banks showed relative strength.

Investor insight: Prefer high-quality large banks with strong liability franchises; watch index reweighting flows (short term) and RBI communications for policy cues.

2) IT & Technology

Corporate: Global IT sentiment impacted by large consulting / systems integrator prints; Accenture’s bookings/AI commentary remains a reference point for India-exposed names.

Market: Large-cap IT saw selective buying; mid-cap names remain sensitive to forward guidance.

Investor insight: Rotate into AI/automation playbooks and clients with sticky, annuity revenue — avoid stocks with heavy exposure to near-term large-deal risk.

3) Metals & Mining

Corporate: Metals outperformed early on weaker dollar and supply concerns; cyclical names attracted flows.

Investor insight: Tactical accumulation on any profit-taking; favour companies with strong cash flows and lower leverage.

4) Autos & Mobility

Corporate: Auto index impacted unevenly — some OEMs recovering from recent operational shocks; JLR/Tata operational updates remain stock-specific drivers.

Investor insight: Prioritise OEMs with healthy balance sheets and clear EV roadmaps; watch semiconductor / logistics headlines for supply risk.

5) Energy & Renewables

Corporate: Oil price and INR movements will continue to set near-term sentiment for OMCs and midstream names.

Investor insight: Renewable project developers with firm offtake and PPA cover remain preferred on any dips.

6) Pharma & Healthcare

Corporate: Regulatory / trade news globally (tariffs, anti-dumping) and approval pipelines keep sector volatile. Monitor approvals / inspections closely.

Investor insight: Favor companies with diversified geography, strong US supply compliance and niche specialty assets.

7) Infrastructure & Engineering

Corporate: Order wins and project awards continue to matter; select EPCs with secured order books trade on execution visibility.

Investor insight: Use pullbacks to add to names with proven execution and healthy receivable cycles.

8) Consumer & FMCG

Corporate: GST reforms and festive season execution remain near-term themes; retailers with stronger omnichannel reach showing resilience.

Investor insight: Accumulate defensive consumer names with strong pricing power and rural reach.

Regulatory & policy highlights

H-1B / US immigration: The U.S. measures on H-1B (effective Sept 21 guidance requiring a $100,000 payment for new petitions) remain a macro tail-risk for IT labour arbitrage and hiring strategies; monitor mitigation plans by corporates.

Domestic: Watch RBI commentary and any post-MPC guidance for liquidity / rate signals; these will drive bank margins and credit growth expectations.

Market sentiment & flows

FII / DII flows remain the primary day-to-day swing factor; index rebalancing and large broker research calls are causing intra-day rotation.

Short-term technical: Nifty near current consolidation; strikes around 24,500–25,000 to watch for option interest (market-makers adjusting positions into expiry).

Actionable checklist for investors (next 3–7 days)

Defensive bias: Trim high-beta exposure; move to large caps with strong balance sheets.

Opportunity list: High-quality IT names with recurring AI revenues; renewable developers with firm PPAs; select banks (liquidity winners).

Risk monitor: US policy headlines (H-1B implementation), India macro data (inflation, PMI) and FPI directional flow