Market View 17th September, 2025

View on market: Volatility persists, eagerly searching for growth:

Asian stock markets opened weaker as investors shifted their attention to the upcoming United States Federal Reserve meeting. Market participants are waiting to see if interest rates will be lowered, leading to cautious trading across the region. In the United States, shares lost a little ground after a long rally, and government bonds stayed firm following strong demand in an auction. The dollar weakened while the euro strengthened to its highest level in several years. In India, shares performed strongly, with the main indices recovering from recent softness and moving to fresh highs. This rise came alongside renewed talks on trade between India and the United States, which supported investor sentiment. Looking ahead, the Prime Minister will visit Madhya Pradesh to launch new women’s health and nutrition programmes. Meanwhile, the Reserve Bank of India plans to conduct Treasury bill sales. These domestic events, together with global monetary policy decisions, are expected to guide market direction in the near term.

Economic Calendar:

• USD: Crude Oil Inventories on 17^th September 2025.
• IND: Bank Loan Growth Rate on 19^th September 2025.
• USD: Monetary Policy on 17^th September 2025.
• IND: Foreign Reserves (USD) on 19^th September 2025.

IPO Watch:

Brokerage Radar:

JEFFERIES ON NTPC:

Target Rs 440 Recommendation Buy, Management addressed investor concerns on weak power demand in India, Highlighted that medium-term CAGR should return closer to 6% as agriculture and consumption trends recover, Government focus on addressing peak demand should see thermal grow also apart from renewable.

CITI ON AADHAR HOUSING:

Target Rs 650 Recommendation Buy, Confidently targets 20-22% AUM growth over the medium term, This is supported by 17-20% disbursements growth, Aiming for stable 5.5% medium-term spreads, Benign credit cost outlook (25-28bps) supported by stable bounce rate.

BOFA ON ASHOK LEYLAND:

Target Rs 163 Recommendation Buy, New engines of growth driving margin upside, Truck cycle recovery due, Entering the growth lane: Buses > LCVs > Trucks, Biz diversification & margin delivery under-appreciated, Margin delivery, even in slow cycle, has been commendable.

INVESTEC ON HDFC LIFE:

Target Rs 935 Recommendation Buy, APE/VNB doubling over next 4/4.5 years, Investing in agency channel, GST could impact near-term margins but positive over medium term, GST may reduce competitive intensity, Market is soft in the near term, Bancassurance regulatory noise is behind.

International Markets:

U.S & Europe:

*As per 17^th September.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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