Stock market today, Sept. 17 -- The benchmark Nifty-50 index rebounded well on Tuesday, ending with 0.68% gains at 25,239.10, helped expectations on possible and India-US trade deal and a 25-bps US Fed rate cut. The Bank Nifty at 55,147.60 ended with gains of 0.47%, while realty, IT as auto, metals , Oil & Gas , Consumer durables also saw sharp gains with FMCG lagging slightly. In the broader indices the mid- and small-caps also gained 0.54-0.95%.
As long as the Nifty is trading above 25,100 the bullish sentiment is likely to continue and index could move up to 25,400, with further upside potential to 25,500. On the flip side, below 25,100, the sentiment could change, said Shrikant Chouhan, Head Equity Research, Kotak Securities.
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