Indian equity indices closed with a decline on September 13. Nifty closed below 25,350 with slight weakness. Wipro, Bajaj Finance, Bajaj Finserv, Tata Steel and IndusInd Bank were the top gainers on Nifty. While ITC, Adani Ports, HDFC Life, Tata Consumer and SBI Life were the top losers on Nifty. The BSE midcap index rose 0.5 percent, while the smallcap index saw a gain of 1 percent.

At the end of the trading session, the Sensex closed at 82,890.94, down 71.77 points or 0.09 percent, and the Nifty closed at 25,356.50, down 32.40 points or 0.13 percent. About 2363 stocks rose, 1431 stocks declined and 102 stocks remained unchanged.

Except FMCG, Power and Oil & Gas, all other indices closed in the green. Today IT, Media, Metal, Realty and PSU Bank gained 0.5-1.7%.

Religare Broking's Ajit Mishra says that the sharp recovery in the US markets along with the recent increase in foreign investment is fuelling the rally in our markets. We remain bullish and would recommend using any interim dip to accumulate high quality large-cap and large mid-cap stocks.

VK Vijayakumar of Geojit Financial Services says that an important thing in the market is that FIIs have remained buyers for the fourth consecutive day (on September 12), yesterday's purchase figure was Rs 7,695 crore. The DIIs who had bought when FIIs had sold are now selling the same shares to FIIs at a higher price which they had sold earlier. For the last more than two years, there has been a tug of war between FIIs and DIIs in which DIIs are continuously winning.

Increased investment by FIIs in the domestic market and the fall in 10-year yield in the US has increased the possibility of interest rate cut by the Fed, which has boosted the sentiment of the domestic market.

Vijaykumar further said that fundamentally strong majors like Bharti Airtel, HDFC Bank, ICICI Bank, ITC, HCL Tech, Infosys and TCS have the potential to take the market forward. But this market boom may attract DII selling at higher levels and profit booking by retail investors.

Centron Equity Research says that from a technical perspective, Nifty closing above 25,200 in the previous session was a positive sign. The brokerage has placed the next resistance level for Nifty 50 at 25,580. Centron Equity says that by the end of September, there is a strong possibility that Nifty will trade within the zone of 25,600-25,700.