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Vodafone Idea rallies on AGR relief hopes; RVNL and KEC International gain on strong order wins
Vodafone Idea rallies on AGR relief hopes; RVNL and KEC International gain on strong order wins
Written by - Fisdom Research
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September 23, 2025
2 minutes
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Market Snapshot
Indian equities ended flat with a slight negative bias on Tuesday.
Gains in financials, autos, and metals were offset by weakness in FMCG, IT, and select heavyweight stocks.
The session remained volatile amid currency weakness, FII outflows, and global policy concerns.
Selective buying in large banks, steelmakers, and auto counters provided some support to the market
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
1.1
NIFTY OIL & GAS
-0.1
NIFTY METAL
1.0
NIFTY PHARMA
-0.3
NIFTY AUTO
0.6
NIFTY HEALTHCARE INDEX
-0.4
NIFTY PRIVATE BANK
0.5
NIFTY CONSUMER DURABLES
-0.6
Top News
Vodafone Idea surged nearly 7% and is up ~38% in September as investors await the Supreme Court hearing on September 26 regarding relief on a fresh ₹9,450 crore AGR demand, with the Centre indicating willingness for a solution.
Rail Vikas Nigam (RVNL) gained ~2% after emerging as the lowest bidder for a Southern Railway project.
KEC International jumped 7% after winning fresh orders worth ₹3,243 crore across UAE and the Americas, adding to recent order wins in August and July.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
INDUSINDBK
2.8
TECHM
-2.2
AXISBANK
2.2
TRENT
-2.1
BAJFINANCE
1.9
SBILIFE
-2.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,050
25,300
Bank Nifty
55,000
55,800
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