Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
We’re trying out a new format for the Aftermarket Report, with much more comprehensive coverage of the data that shapes the trading day. Beyond the headline indices, we’re now looking at market breadth, new highs and lows, sector and thematic performance, delivery data, F&O positioning, global markets, commodities, flows, and more.
The idea is to bring different datasets together in one place and help traders and investors get a clearer picture of what’s actually happening beneath the surface of the market.
This is still a work in progress, so we’d really love your feedback. Tell us what you found useful, what you didn’t, what felt unnecessary, and what else you’d like us to add. Your feedback will help us shape the Aftermarket Report from here.
Markets Today
Nifty opened flat with a small 15-point cut at 23,330, holding on to relatively higher levels as a cooldown in crude oil prices provided some relief after the recent bearish trend. The index saw some volatility immediately after the open, initially recovering towards 23,400 before slipping back towards 23,360 around 10:30 AM.
However, the weakness was gradually bought into, with the index recovering towards 23,400 by 11:30 AM and then making a sharper move till 23,430 around noon.
Nifty consolidated around the 23,410–23,425 zone through the early part of the second half before briefly slipping towards 23,400 after 1 PM. Buying then picked up sharply, pushing the index above 23,450 and to an intraday high near 23,465 around 2 PM.
The index held most of these gains for the next hour but gradually lost momentum towards the close, slipping back below 23,450 and then towards 23,430. A further decline during the closing session dragged Nifty to 23,414.30, still around 84 points above its opening level after a volatile but largely positive session.
Market Breadth
Participation was mixed, with 1,049 advancers against 1,243 decliners, while only 33.3% of Nifty 500 stocks remained above their 50-day average. New 52-week highs, however, outnumbered lows 13 to 9.
52 Week Highs & Lows
Sectoral Indices Performance
Pharma (+1.16%) led while Metals (-0.61%) lagged, with 11 of 15 sectors gaining. Pharma and Healthcare remain structurally strong, while Private Banks are showing improving relative strength over the shorter horizon.
Winners & Losers
Jaiprakash Power jumped 7.22% on 18× normal volume, while Tega Industries and Patanjali Foods also saw sharp high-volume moves.
Delivery Data
Lalithaa Jewellery recorded the biggest delivery spike, while Inox Wind saw the largest jump in implied volatility.
Global Markets
Commodities
Institutional Flows & Participant Positioning
Thematic Indices
Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard
F&O Corner
Nifty options price a roughly 124-point move either way into Tuesday’s expiry, with the PCR rising from 1.06 to 1.20 as put OI grew faster than call OI. Major positions sit around 23,400 Puts and 23,500 Calls, while FIIs remain heavily short in index futures with just 12.4% of positions long.
Top Stories in India
India’s core sector output growth slowed to 4.8% YoY in August from a revised 5% in July. Five of eight industries grew, led by cement (+12.5%) and electricity (+11.6%), followed by iron ore (+5.5%), steel (+3.4%) and refinery products (+2.6%). Dive deeper
Nearly 40% of India’s coal-fired power plants are facing critically low fuel stocks, as hotter-than-usual El Niño weather drives up electricity demand. The number of plants with less than 25% of required coal inventory or under three days of generation capacity rose to 74 as of September 19, from around 60 a week earlier. Dive deeper
Starbucks has signed an MoU with the Tamil Nadu government to establish a Global Capability Centre in Chennai, further expanding the state’s GCC ecosystem. The centre is expected to create around 800 high-value jobs in its first phase. Dive deeper
Indian Oil has approved an investment of up to ₹2,448.7 crore for a 424.65-km natural gas pipeline from Kochi to Thoothukudi via Kanyakumari. The pipeline will have a total capacity of 6.84 MMSCMD, including 1.71 MMSCMD of common-carrier capacity. Dive deeper
Dilip Buildcon has signed binding agreements with Alpha Alternatives to sell its stake in 10 SPVs developing solar projects in Madhya Pradesh. The portfolio has an estimated project cost of ₹6,263 crore and an enterprise value of around ₹6,829 crore, subject to closing adjustments and conditions. Dive deeper
Top Stories Globally
Crude oil fell toward $97.3 per barrel, extending losses for a fourth straight session, as diplomatic efforts to de-escalate the US-Iran conflict and resilient oil and LNG shipments through the Strait of Hormuz eased supply concerns. Markets are also watching potential talks between President Trump and Iranian President Masoud Pezeshkian during this week’s UN General Assembly. Dive deeper
The US 10-year Treasury yield fell 5 bps to 4.95% as another decline in oil prices eased inflation concerns. Hopes that diplomatic efforts could help de-escalate the US-Iran conflict also supported bonds. Dive deeper
Bitcoin rose above $84,000 to around $84,949, gaining 5.6% over 24 hours, as positive US regulatory developments improved crypto sentiment. Ethereum gained around 6%, with markets reacting to an SEC exemption for tokenised-stock trading and new CFTC crypto proposals sent for White House review. Dive deeper
Volvo Cars has appointed Klaus Zellmer as its next president and CEO, succeeding Hakan Samuelsson no later than October 1, 2027. The leadership transition comes as the Geely-controlled automaker navigates US tariffs, weaker China sales, softer EV demand, and high development costs. Dive deeper
SoftBank has launched the sale of $10 billion in dollar-denominated bonds and €1 billion ($1.15 billion) in euro-denominated bonds to help fund its investment in OpenAI. The dollar notes span 3.5 to 7.5 years, while the euro bonds have 4- and 6-year maturities. Dive deeper
Management Chatter
In this section, we highlight interesting comments from management at major companies and from policymakers in the Indian and Global Economies.
T V Narendran, CEO and MD of Tata Steel on India, Climate change & geopolitical impact on businesses:
“The world is changing and that change is creating an opportunity for India, but whether we are able to capture that opportunity will depend on how capable and competitive we become...There has probably never been a time when the world has been more interested in India as a market,”
“Climate events can be very difficult to anticipate. Geopolitical developments can change the assumptions on which businesses have been planned for years. Technology is moving at a pace that can make some of the skills and business models we take for granted look very different in a short period of time,” - Link
Corporate Actions & Events
Corporate Actions
Published by Zerodha. Not investment advice. Data from NSE, BSE, and MCX.
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That’s it from us for today. We’d love to hear your feedback in the comments, and feel free to share this with your friends to spread the word!
Love the new format, so many better and clear insights compared to the previous edition, love the graphics in this edition
Just a small feedback, in the global markets, along with the percentage change, if values of the indices would be there (like old versions), it would be appreciated. Just the close prove would be sufficient in my opinion.