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Redington Soars on iPhone 17 Buzz; Textile Stocks Rally as USTR Official Visits India
Redington Soars on iPhone 17 Buzz; Textile Stocks Rally as USTR Official Visits India
Written by - Fisdom Research
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September 16, 2025
2 minutes
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Market Snapshot
After a muted performance in the previous session, bulls returned strongly on September 16.
Nifty reclaimed the 25,200 mark for the first time since August 23.
The rally was broad-based, with buying interest seen across sectors.
FMCG was the only sectoral index to end in the red.
Auto, Realty, and Telecom indices led the gains, each rising around 1%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
1.4
NIFTY OIL & GAS
0.9
NIFTY REALTY
1.1
NIFTY METAL
0.8
NIFTY IT
0.9
NIFTY CONSUMER DURABLES
0.8
NIFTY MEDIA
0.9
NIFTY PRIVATE BANK
0.8
Top News
Redington surged 20% to hit the upper circuit at ₹289.70 on September 16, as investors bet on strong sales of Apple’s iPhone 17, set to launch in India on September 19.
Textile stocks rallied amid optimism over the possible resumption of India–US trade talks.
USTR negotiator Brendan Lynch arrived in India for a one-day meeting on trade issues, though officials clarified it is not part of the formal Bilateral Trade Agreement negotiations.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
KOTAKBANK
2.7
SHRIRAMFIN
-0.8
LT
2.3
ASIANPAINT
-0.8
M&M
2.3
NESTLEIND
-0.7
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,100
25,400
Bank Nifty
54,700
55,600
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