Nifty500 Mul50:25:25

The broader indices broke a three-week gaining streak and underperformed the main indices as markets remained under pressure throughout the week on worries over fresh tariffs on pharma, higher visa fees by the US, persistent trade concerns, and continued FII selling.

For the week, Nifty50 plunged 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index declined 2199.77 points or 2.66 percent to end at 80,426.46.

BSE mid, large, and smallcap indices declined 3-4.5 percent.

Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore.

For the month, FII sold equities worth Rs 30,141.68 crore, while DII bought equities worth Rs 55,736.09 crore.

All the sectoral indices gave a negative return during the week, with the Nifty IT index plunging 8 percent, the Nifty Realty index shedding 6 percent, the Nifty Pharma index falling 5.2 percent, the  Nifty Consumer Durables slipping 4.6 percent, Nifty Defence index declining 4.4 percent.

"This week, the overall market breadth of the Indian equity markets was negative as it factored in the US announcement with respect to H1B visas and the pharma sector. The BSE Sensex and the NSE Nifty index fell in excess of 2% and the decline in the BSE Midcap and the BSE Smallcap was higher at ~4%," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

"All the key sectoral indices ended the week in the red. The US announced stricter norms on H1B visas. Accenture’s FY26 revenue guidance assumes no improvement in discretionary spending at the top end and some deterioration at the bottom end. THE BSE IT index corrected by 7% this week. The BSE healthcare index corrected ~5% this week amid the US announcing 100% tariffs on branded or patented pharma products imported into the US."

"Auto stocks remained in focus as news reports indicate healthy booking and deliveries in the initial days of the current festive season. Global equity markets were mixed in the past week, with developed markets outperforming the emerging markets. The key global news-flows impacting global markets included continued uncertainty around US trade policies and the ECB maintaining a cautious outlook on growth," he added.

The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent.

<img class="alignnone size-full wp-image-13585286" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927040656_sm.png" alt="sm" width="870" height="1463" />

Where is Nifty50 headed?

Ajit Mishra – SVP, Research, Religare Broking

Sustained weakness in heavyweights has accelerated the index’s decline over the past two sessions, with the Nifty now approaching its key support near the 200 DEMA around 24,400.

Meanwhile, the sharp correction in mid- and small-cap stocks has further dampened market sentiment. Given this backdrop, we recommend adopting a cautious approach—focusing on fundamentally strong stocks while avoiding aggressive directional bets until clearer signals emerge.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

A long bear candle was formed on the daily chart on Friday, which indicates a decisive breakdown of crucial supports of around 25000-24900 levels. This is not a good sign and signals more weakness in the short term. A long bear candle has been formed in Nifty on the weekly chart after three weeks of rise, which indicates a possibility of faster downside retracement in the market.

The underlying trend of Nifty is sharply negative and the market is now sliding down to the next important support of around 24400-24300 (previous swing lows and 200-day EMA) by next week. Immediate resistance is placed at 24850 levels.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty broke below the crucial support level of 25,000, which triggered a decline and led to the breach of other intermediate supports. The sentiment remains weak, with immediate and critical support placed in the 24,550–24,500 zone. A decisive breakdown below 24,500 could extend the correction towards 24,150, which corresponds to the 38.20% Fibonacci retracement of the rally from 21,743 to 25,669. On the other hand, if the index holds above 24,500, a sharp recovery can be expected.

Amol Athawale, VP Technical Research, Kotak Securities

Technically, on weekly charts, Nifty has formed a long bearish candle. On intraday charts, it is holding a lower top formation, which supports further weakness from the current levels. We believe that the short-term market trend is weak, but due to temporary oversold conditions, we could see a pullback rally from the current levels.

For traders, 24,800/81200 would act as a key level to watch. Below this, the correction wave is likely to continue. On the downside, the market could retest the levels of 24,500/80300. Further declines may also occur, potentially dragging the index down to 24,350/79800, 24300/79600. Conversely, above 24,800/81200, a pullback formation could continue up to 25,000-25,100/81800-82200.

For Bank Nifty, the 20-day SMA or 54,750 would be a crucial zone. Below this, the chances of hitting 54,000-53,800 increase. However, if it sustains above the 20-day SMA or 54,750, it could bounce back to the 50-day SMA or 55,300-55,500.

Short-term traders should remain cautious and be very selective, as there is a risk of getting trapped at lower levels.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Smallcaps tumble up to 77% as broader indices lag

The broader indices broke a three-week gaining streak and underperformed the main indices as markets remained under pressure throughout the week on worries over fresh tariffs on pharma, higher visa fees by the US, persistent trade concerns, and continued FII selling.

For the week, Nifty50 plunged 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index declined 2199.77 points or 2.66 percent to end at 80,426.46.

BSE mid, large, and smallcap indices declined 3-4.5 percent.

Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore.

For the month, FII sold equities worth Rs 30,141.68 crore, while DII bought equities worth Rs 55,736.09 crore.

All the sectoral indices gave a negative return during the week, with the Nifty IT index plunging 8 percent, the Nifty Realty index shedding 6 percent, the Nifty Pharma index falling 5.2 percent, the  Nifty Consumer Durables slipping 4.6 percent, Nifty Defence index declining 4.4 percent.

&quot;This week, the overall market breadth of the Indian equity markets was negative as it factored in the US announcement with respect to H1B visas and the pharma sector. The BSE Sensex and the NSE Nifty index fell in excess of 2% and the decline in the BSE Midcap and the BSE Smallcap was higher at ~4%,&quot; said Shrikant Chouhan, Head Equity Research, Kotak Securities.

&quot;All the key sectoral indices ended the week in the red. The US announced stricter norms on H1B visas. Accenture’s FY26 revenue guidance assumes no improvement in discretionary spending at the top end and some deterioration at the bottom end. THE BSE IT index corrected by 7% this week. The BSE healthcare index corrected ~5% this week amid the US announcing 100% tariffs on branded or patented pharma products imported into the US.&quot;

&quot;Auto stocks remained in focus as news reports indicate healthy booking and deliveries in the initial days of the current festive season. Global equity markets were mixed in the past week, with developed markets outperforming the emerging markets. The key global news-flows impacting global markets included continued uncertainty around US trade policies and the ECB maintaining a cautious outlook on growth,&quot; he added.

The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent.



Where is Nifty50 headed?

Ajit Mishra – SVP, Research, Religare Broking

Sustained weakness in heavyweights has accelerated the index’s decline over the past two sessions, with the Nifty now approaching its key support near the 200 DEMA around 24,400.

Meanwhile, the sharp correction in mid- and small-cap stocks has further dampened market sentiment. Given this backdrop, we recommend adopting a cautious approach—focusing on fundamentally strong stocks while avoiding aggressive directional bets until clearer signals emerge.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

A long bear candle was formed on the daily chart on Friday, which indicates a decisive breakdown of crucial supports of around 25000-24900 levels. This is not a good sign and signals more weakness in the short term. A long bear candle has been formed in Nifty on the weekly chart after three weeks of rise, which indicates a possibility of faster downside retracement in the market.

The underlying trend of Nifty is sharply negative and the market is now sliding down to the next important support of around 24400-24300 (previous swing lows and 200-day EMA) by next week. Immediate resistance is placed at 24850 levels.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty broke below the crucial support level of 25,000, which triggered a decline and led to the breach of other intermediate supports. The sentiment remains weak, with immediate and critical support placed in the 24,550–24,500 zone. A decisive breakdown below 24,500 could extend the correction towards 24,150, which corresponds to the 38.20% Fibonacci retracement of the rally from 21,743 to 25,669. On the other hand, if the index holds above 24,500, a sharp recovery can be expected.

Amol Athawale, VP Technical Research, Kotak Securities

Technically, on weekly charts, Nifty has formed a long bearish candle. On intraday charts, it is holding a lower top formation, which supports further weakness from the current levels. We believe that the short-term market trend is weak, but due to temporary oversold conditions, we could see a pullback rally from the current levels.

For traders, 24,800/81200 would act as a key level to watch. Below this, the correction wave is likely to continue. On the downside, the market could retest the levels of 24,500/80300. Further declines may also occur, potentially dragging the index down to 24,350/79800, 24300/79600. Conversely, above 24,800/81200, a pullback formation could continue up to 25,000-25,100/81800-82200.

For Bank Nifty, the 20-day SMA or 54,750 would be a crucial zone. Below this, the chances of hitting 54,000-53,800 increase. However, if it sustains above the 20-day SMA or 54,750, it could bounce back to the 50-day SMA or 55,300-55,500.

Short-term traders should remain cautious and be very selective, as there is a risk of getting trapped at lower levels.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

<img class="size-full wp-image-13585246" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030554_stock_market_Sensex-Nifty.jpg" alt="Indian markets snapped three-week gaining streak, posting worst weekly fall in nearly six months amid persistent FII selling, fresh US tariff on pharma, higher visa fees, falling rupee and weakening dollar. However, continues DII support and GST implementation provided some support." width="1280" height="720" /> Indian markets snapped three-week gaining streak, posting worst weekly fall in nearly six months amid persistent FII selling, fresh US tariff on pharma, higher visa fees, falling rupee and weakening dollar. However, continues DII support and GST implementation provided some support.

<img class="size-full wp-image-13585250" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030802_Nifty_sensex.jpg" alt="For the week, Nifty50 shed 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index fell -2199.77 points or 2.66 percent to end at 80,426.46." width="1280" height="720" /> For the week, Nifty50 shed 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index fell 2199.77 points or 2.66 percent to end at 80,426.46.

<img class="size-full wp-image-13585251" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030830_stocks5.jpg" alt="The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent." width="1280" height="720" /> The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent.

<img class="size-full wp-image-13585252" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030858_sensex_nifty_stocknew.jpg" alt="The BSE Large-cap Index fell nearly 3 percent dragged by Tech Mahindra, Waaree Energies, Swiggy, Tata Consultancy Services, Indian Hotels Company, Divis Laboratories, LTIMindtree." width="1280" height="720" /> The BSE Large-cap Index fell nearly 3 percent dragged by Tech Mahindra, Waaree Energies, Swiggy, Tata Consultancy Services, Indian Hotels Company, Divis Laboratories, LTIMindtree.

<img class="size-full wp-image-13585253" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030924_nifty_market-Sensex.jpg" alt="BSE Mid-cap Index shed 4.5 percent with Hexaware Technologies, Coforge, MphasiS, Kalyan Jewellers India, Laurus Labs, Persistent Systems down between 10-15 percent." width="1280" height="720" /> BSE Mid-cap Index shed 4.5 percent with Hexaware Technologies, Coforge, MphasiS, Kalyan Jewellers India, Laurus Labs, Persistent Systems down between 10-15 percent.

<img class="size-full wp-image-13585254" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030947_Nifty_sensex_marketup.jpg" alt="During the week, Tata Consultancy Services lost the most in terms of market value, followed by Reliance Industries, Infosys, HDFC Bank. On the other hand, Maruti Suzuki India, Larsen &amp; Toubro, Axis Bank added the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Tata Consultancy Services lost the most in terms of market value, followed by Reliance Industries, Infosys, HDFC Bank. On the other hand, Maruti Suzuki India, Larsen &amp; Toubro, Axis Bank added the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

<img class="size-full wp-image-13585255" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927031013_market1.jpg" alt="Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore." width="1280" height="720" /> Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore.

<img class="size-full wp-image-13585256" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927031036_market_stocks_sensex_Nifty.jpg" alt="All the sectoral indices gave a negative return during the week, with Nifty IT index plunged 8 percent, Nifty Realty index shed 6 percent, Nifty Pharma fell 5.2 percent, Nifty Consumer Durables slipped 4.6 percent, Nifty Defence index declined 4.4 percent." width="1280" height="720" /> All the sectoral indices gave a negative return during the week, with Nifty IT index plunged 8 percent, Nifty Realty index shed 6 percent, Nifty Pharma fell 5.2 percent, Nifty Consumer Durables slipped 4.6 percent, Nifty Defence index declined 4.4 percent.

<img class="size-full wp-image-13585257" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927031130_rupee_fall.jpg" alt="Indian rupee touched fresh record low of 88.80 to end near the low at 88.71 per dollar on September 26 against the September 19 closing of 88.10, down 61 paise in this week. The Indian rupee traded in the range of 88.80-88.12 during the week." width="1280" height="720" /> Indian rupee touched fresh record low of 88.80 to end near the low at 88.71 per dollar on September 26 against the September 19 closing of 88.10, down 61 paise in this week. The Indian rupee traded in the range of 88.80-88.12 during the week.

During the week, the Indian rupee touched a fresh record low of 88.80.

Indian markets snapped three-week gaining streak, posting worst weekly fall in nearly six months amid persistent FII selling, fresh US tariff on pharma, higher visa fees, falling rupee and weakening dollar. However, continues DII support and GST implementation provided some support.

For the week, Nifty50 shed 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index fell -2199.77 points or 2.66 percent to end at 80,426.46.

The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent.

The BSE Large-cap Index fell nearly 3 percent dragged by Tech Mahindra, Waaree Energies, Swiggy, Tata Consultancy Services, Indian Hotels Company, Divis Laboratories, LTIMindtree.

BSE Mid-cap Index shed 4.5 percent with Hexaware Technologies, Coforge, MphasiS, Kalyan Jewellers India, Laurus Labs, Persistent Systems down between 10-15 percent.

During the week, Tata Consultancy Services lost the most in terms of market value, followed by Reliance Industries, Infosys, HDFC Bank. On the other hand, Maruti Suzuki India, Larsen &amp; Toubro, Axis Bank added the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore.

All the sectoral indices gave a negative return during the week, with Nifty IT index plunged 8 percent, Nifty Realty index shed 6 percent, Nifty Pharma fell 5.2 percent, Nifty Consumer Durables slipped 4.6 percent, Nifty Defence index declined 4.4 percent.

Indian rupee touched fresh record low of 88.80 to end near the low at 88.71 per dollar on September 26 against the September 19 closing of 88.10, down 61 paise in this week. The Indian rupee traded in the range of 88.80-88.12 during the week.

Market snaps three-week gain; rupee hits record low, IT a major drag

<img class="size-full wp-image-13585246" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030554_stock_market_Sensex-Nifty.jpg" alt="Indian markets snapped three-week gaining streak, posting worst weekly fall in nearly six months amid persistent FII selling, fresh US tariff on pharma, higher visa fees, falling rupee and weakening dollar. However, continues DII support and GST implementation provided some support." width="1280" height="720" /> Indian markets snapped three-week gaining streak, posting worst weekly fall in nearly six months amid persistent FII selling, fresh US tariff on pharma, higher visa fees, falling rupee and weakening dollar. However, continues DII support and GST implementation provided some support.

<img class="size-full wp-image-13585250" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030802_Nifty_sensex.jpg" alt="For the week, Nifty50 shed 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index fell -2199.77 points or 2.66 percent to end at 80,426.46." width="1280" height="720" /> For the week, Nifty50 shed 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index fell 2199.77 points or 2.66 percent to end at 80,426.46.

<img class="size-full wp-image-13585251" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030830_stocks5.jpg" alt="The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent." width="1280" height="720" /> The BSE Small-cap index declined 4.2 percent with Shankara Building Products, Apollo Pipes, SML Isuzu, MIC Electronics, Prudent Corporate Advisory Services, Sigachi Industries, Cigniti Technologies, SMS Pharmaceuticals, Eimco Elecon (India), Vishnu Prakash R Punglia, IOL Chemicals and Pharmaceuticals, Parsvnath Developers shed up to 77 percent. Zuari Industries, TVS Electronics, Indo Thai Securities, OM Infra, RACL Geartech,Allcargo Terminals, Automotive Stampings and Assemblies rising between 20-30 percent.

<img class="size-full wp-image-13585252" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030858_sensex_nifty_stocknew.jpg" alt="The BSE Large-cap Index fell nearly 3 percent dragged by Tech Mahindra, Waaree Energies, Swiggy, Tata Consultancy Services, Indian Hotels Company, Divis Laboratories, LTIMindtree." width="1280" height="720" /> The BSE Large-cap Index fell nearly 3 percent dragged by Tech Mahindra, Waaree Energies, Swiggy, Tata Consultancy Services, Indian Hotels Company, Divis Laboratories, LTIMindtree.

<img class="size-full wp-image-13585253" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030924_nifty_market-Sensex.jpg" alt="BSE Mid-cap Index shed 4.5 percent with Hexaware Technologies, Coforge, MphasiS, Kalyan Jewellers India, Laurus Labs, Persistent Systems down between 10-15 percent." width="1280" height="720" /> BSE Mid-cap Index shed 4.5 percent with Hexaware Technologies, Coforge, MphasiS, Kalyan Jewellers India, Laurus Labs, Persistent Systems down between 10-15 percent.

<img class="size-full wp-image-13585254" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927030947_Nifty_sensex_marketup.jpg" alt="During the week, Tata Consultancy Services lost the most in terms of market value, followed by Reliance Industries, Infosys, HDFC Bank. On the other hand, Maruti Suzuki India, Larsen &amp; Toubro, Axis Bank added the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Tata Consultancy Services lost the most in terms of market value, followed by Reliance Industries, Infosys, HDFC Bank. On the other hand, Maruti Suzuki India, Larsen &amp; Toubro, Axis Bank added the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

<img class="size-full wp-image-13585255" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927031013_market1.jpg" alt="Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore." width="1280" height="720" /> Foreign Institutional Investors (FIIs) remained net sellers throughout the week, extending their selling for the 13th consecutive week, as they offloaded equities worth Rs 19,570.03 crore, while Domestic Institutional Investors (DII) continued their buying in 24nd week, as they purchased equities worth Rs 17,411.40 crore.

<img class="size-full wp-image-13585256" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927031036_market_stocks_sensex_Nifty.jpg" alt="All the sectoral indices gave a negative return during the week, with Nifty IT index plunged 8 percent, Nifty Realty index shed 6 percent, Nifty Pharma fell 5.2 percent, Nifty Consumer Durables slipped 4.6 percent, Nifty Defence index declined 4.4 percent." width="1280" height="720" /> All the sectoral indices gave a negative return during the week, with Nifty IT index plunged 8 percent, Nifty Realty index shed 6 percent, Nifty Pharma fell 5.2 percent, Nifty Consumer Durables slipped 4.6 percent, Nifty Defence index declined 4.4 percent.

<img class="size-full wp-image-13585257" src="https://images.moneycontrol.com/static-mcnews/2025/09/20250927031130_rupee_fall.jpg" alt="Indian rupee touched fresh record low of 88.80 to end near the low at 88.71 per dollar on September 26 against the September 19 closing of 88.10, down 61 paise in this week. The Indian rupee traded in the range of 88.80-88.12 during the week." width="1280" height="720" /> Indian rupee touched fresh record low of 88.80 to end near the low at 88.71 per dollar on September 26 against the September 19 closing of 88.10, down 61 paise in this week. The Indian rupee traded in the range of 88.80-88.12 during the week.

From an investment perspective, Anil Rego, Founder and Fund Manager at Right Horizons PMS, said he would be cautious on high US-exposure names like Aurobindo Pharma, after Trump's tariff on branded and patented pharma drugs.

According to him, any escalation beyond current measures could fundamentally alter the dynamics of the pharma sector.

Notably, he believes global economic disruptions often persist longer than markets anticipate. The evolving US-China trade war dynamics are reshaping global supply chains, creating both challenges and opportunities for India, he said in an interview to Moneycontrol.

While India may benefit from supply chain diversification, one shouldn't underestimate the broader global slowdown impact, he added.

What is your take on the pharmaceutical sector, especially after Trump's action?

Trump's 100% tariff on branded and patented pharma drugs, effective October 1, creates significant uncertainty for Indian pharma companies earning 30-50% revenue from the US market. While the immediate impact targets branded drugs dominated by MNCs, the broader concern is potential extension to complex generics, where Indian companies like Dr Reddy's and Sun Pharma have strong positions.

With India supplying 45% of US generic drugs and the US being our largest pharma export market, worth $8.7 billion in FY24, any escalation beyond current measures could fundamentally alter sector dynamics.

From an investment perspective, we would be cautious on high US-exposure names like Aurobindo Pharma (48% US revenue) while watching for companies with diversified geographical presence or those willing to establish US manufacturing facilities.

Do you believe India will grow by more than 6.5% in the current financial year and exceed 7% in FY27?

India's current FY26 growth trajectory appears challenging, with the RBI projecting 6.5% and S&amp;P Global lowering forecasts to 6.7% for FY26 and 6.8% for FY27. While we've seen resilient domestic consumption patterns, the medium-term growth potential is stabilizing around 6.5-7%, which frankly isn't sufficient for our demographic dividend needs. The key will be how effectively we leverage infrastructure spending and manufacturing momentum to sustain above 7% growth. We remain cautiously optimistic but believe sustainable 7%+ growth requires structural reforms rather than just cyclical recovery.

Do you think trade tensions have peaked, and is it now time to turn optimistic?

Recent US-India trade tensions with 50% tariffs on select Indian exports, including jewellery, show that geopolitical uncertainties are far from over. From our experience studying market cycles, we have learned that global economic disruptions often persist longer than markets anticipate. The evolving US-China trade war dynamics are reshaping global supply chains, creating both challenges and opportunities for India.

While India may benefit from supply chain diversification, we shouldn't underestimate the broader global slowdown impact. We would wait for clearer policy signals before turning decisively optimistic.

Do you expect the RBI's Monetary Policy Committee to maintain the status quo on interest rates on October 1? What are your expectations from the commentary?

Given the rupee's pressure and persistent inflation concerns, we expect the RBI to maintain the status quo on rates while focusing on managing currency volatility through market interventions. With RBI projecting 6.4% growth for FY25 and inflation expectations at 4.8%, the commentary will likely emphasize a data-dependent policy stance. The key focus should be on managing external sector vulnerabilities while supporting domestic growth momentum. We anticipate cautious language around global spillover risks and continued emphasis on financial stability.

Do you think the pace of rupee depreciation is likely to slow down from October onwards?

The rupee's fall below 88 against the dollar amid FII outflows and trade tensions suggests continued pressure, with the RBI likely to intervene to manage excessive volatility.

From a structural perspective, sustained FII selling and global dollar strength will continue challenging the rupee. However, ongoing FII selling pressure amid global uncertainties indicates that depreciation pace may not moderate significantly until we see a sustained foreign inflow revival. RBI's intervention capability provides a floor, but fundamental drivers remain challenging.

Could metal and PSU stocks lead the next leg of the market's upmove?

After India's equity market underperformed in 2025 due to domestic slowdown and FII selling, with significant wealth erosion in early 2025, we believe sector rotation is inevitable. Metal and PSU stocks often benefit from government capex cycles and global commodity trends, making them potential leaders if infrastructure spending accelerates.

However, given my philosophy of monitoring valuations closely, we would prefer to see clear earnings recovery and reasonable valuations before making sector-specific calls. The key is identifying companies with strong fundamentals rather than just sectoral momentum.

From an FII perspective, do you think Indian market valuations are still unattractive?

While valuations remain a concern, particularly after the recent correction, FII sentiment is driven by relative attractiveness versus global alternatives. From our experience managing portfolios through various cycles, we have seen that being nimble and monitoring market valuations is crucial - as we did in Q4 2019 when we became uncomfortable with high valuations.

Currently, while Indian markets offer long-term structural growth stories, near-term FII flows will depend on global risk appetite and dollar cycle. We would focus on building positions gradually rather than expecting immediate FII return.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Daily Voice: Anil Rego cautious on US-exposed pharma stocks; warns against underestimating tariff-led global slowdown

From an investment perspective, Anil Rego, Founder and Fund Manager at Right Horizons PMS, said he would be cautious on high US-exposure names like Aurobindo Pharma, after Trump's tariff on branded and patented pharma drugs.

According to him, any escalation beyond current measures could fundamentally alter the dynamics of the pharma sector.

Notably, he believes global economic disruptions often persist longer than markets anticipate. The evolving US-China trade war dynamics are reshaping global supply chains, creating both challenges and opportunities for India, he said in an interview to Moneycontrol.

While India may benefit from supply chain diversification, one shouldn't underestimate the broader global slowdown impact, he added.

What is your take on the pharmaceutical sector, especially after Trump's action?

Trump's 100% tariff on branded and patented pharma drugs, effective October 1, creates significant uncertainty for Indian pharma companies earning 30-50% revenue from the US market. While the immediate impact targets branded drugs dominated by MNCs, the broader concern is potential extension to complex generics, where Indian companies like Dr Reddy's and Sun Pharma have strong positions.

With India supplying 45% of US generic drugs and the US being our largest pharma export market, worth $8.7 billion in FY24, any escalation beyond current measures could fundamentally alter sector dynamics.

From an investment perspective, we would be cautious on high US-exposure names like Aurobindo Pharma (48% US revenue) while watching for companies with diversified geographical presence or those willing to establish US manufacturing facilities.

Do you believe India will grow by more than 6.5% in the current financial year and exceed 7% in FY27?

India's current FY26 growth trajectory appears challenging, with the RBI projecting 6.5% and S&amp;amp;P Global lowering forecasts to 6.7% for FY26 and 6.8% for FY27. While we've seen resilient domestic consumption patterns, the medium-term growth potential is stabilizing around 6.5-7%, which frankly isn't sufficient for our demographic dividend needs. The key will be how effectively we leverage infrastructure spending and manufacturing momentum to sustain above 7% growth. We remain cautiously optimistic but believe sustainable 7%+ growth requires structural reforms rather than just cyclical recovery.

Do you think trade tensions have peaked, and is it now time to turn optimistic?

Recent US-India trade tensions with 50% tariffs on select Indian exports, including jewellery, show that geopolitical uncertainties are far from over. From our experience studying market cycles, we have learned that global economic disruptions often persist longer than markets anticipate. The evolving US-China trade war dynamics are reshaping global supply chains, creating both challenges and opportunities for India.

While India may benefit from supply chain diversification, we shouldn't underestimate the broader global slowdown impact. We would wait for clearer policy signals before turning decisively optimistic.

Do you expect the RBI's Monetary Policy Committee to maintain the status quo on interest rates on October 1? What are your expectations from the commentary?

Given the rupee's pressure and persistent inflation concerns, we expect the RBI to maintain the status quo on rates while focusing on managing currency volatility through market interventions. With RBI projecting 6.4% growth for FY25 and inflation expectations at 4.8%, the commentary will likely emphasize a data-dependent policy stance. The key focus should be on managing external sector vulnerabilities while supporting domestic growth momentum. We anticipate cautious language around global spillover risks and continued emphasis on financial stability.

Do you think the pace of rupee depreciation is likely to slow down from October onwards?

The rupee's fall below 88 against the dollar amid FII outflows and trade tensions suggests continued pressure, with the RBI likely to intervene to manage excessive volatility.

From a structural perspective, sustained FII selling and global dollar strength will continue challenging the rupee. However, ongoing FII selling pressure amid global uncertainties indicates that depreciation pace may not moderate significantly until we see a sustained foreign inflow revival. RBI's intervention capability provides a floor, but fundamental drivers remain challenging.

Could metal and PSU stocks lead the next leg of the market's upmove?

After India's equity market underperformed in 2025 due to domestic slowdown and FII selling, with significant wealth erosion in early 2025, we believe sector rotation is inevitable. Metal and PSU stocks often benefit from government capex cycles and global commodity trends, making them potential leaders if infrastructure spending accelerates.

However, given my philosophy of monitoring valuations closely, we would prefer to see clear earnings recovery and reasonable valuations before making sector-specific calls. The key is identifying companies with strong fundamentals rather than just sectoral momentum.

From an FII perspective, do you think Indian market valuations are still unattractive?

While valuations remain a concern, particularly after the recent correction, FII sentiment is driven by relative attractiveness versus global alternatives. From our experience managing portfolios through various cycles, we have seen that being nimble and monitoring market valuations is crucial - as we did in Q4 2019 when we became uncomfortable with high valuations.

Currently, while Indian markets offer long-term structural growth stories, near-term FII flows will depend on global risk appetite and dollar cycle. We would focus on building positions gradually rather than expecting immediate FII return.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The carnage continued in the equity markets with the Nifty 50 falling nearly 1 percent on September 26, following a fresh wave of tariffs targeting the pharma sector by Donald Trump. The index almost shed 78.6 percent of its recent rally (from the August 29 low to the September 18 high) and nearly tested the 24,600 target, declining more than 3 percent in the last six consecutive sessions.

The index dropped decisively below the 100-day EMA and is now around 250 points away from its 200-day EMA (24,400), which also coincides with the low of the recent rally (August 29). If the index breaks this level, bears may tighten their grip further. However, on the higher side, the 24,800-24,900 range may act as an immediate hurdle, according to experts.

The rising India VIX also made the bulls uncomfortable, as it touched the 50-day EMA and stayed well above short-term moving averages (10-day and 20-day EMAs), rising 5.96 percent to the 11.43 zone. It rallied 14.62 percent during the week.

The momentum indicators are also favouring the bears, with the RSI falling to 39.31, while the MACD maintained a negative crossover, with the histogram weakening further.

The Nifty 50 opened lower at 24,819 and remained under bears' control throughout the session. The index hit an intraday low of 24,629 in the last hour of trade before closing at 24,655, down 236 points (0.95 percent) and forming a long bearish candle on the daily timeframe, continuing the lower high-lower low structure for the sixth straight day.

This indicates a decisive breakdown of crucial supports around the 25,000-24,900 levels. This is not a good sign and signals more weakness in the short term, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

The index formed a long bearish candle on the weekly charts, losing 2.65 percent after three weeks of gains, indicating a possibility of faster downside retracement in the market.

According to Nagaraj, the market is now sliding down to the next important support of around 24,400-24,300 (previous swing lows and 200-day EMA) by next week. Immediate resistance is placed at the 24,850 level, he added.

The monthly options data indicated that the Nifty may trade in the 24,500-25,000 range in the short term.

The maximum Put open interest was observed at the 24,500 strike, followed by the 24,600 and 24,000 strikes, with the maximum Put writing at the 24,500, 24,600, and 24,650 strikes. Meanwhile, the 25,000 strike holds the maximum Call open interest, followed by the 25,100 and 24,800 strikes, with the maximum Call writing at the 24,800, 24,900, and 24,700 strikes.

Bank Nifty

The Bank Nifty also participated in the correction, plummeting 587 points (1.07 percent) to 54,389, wiping out more than 50 percent of its recent rally. The index formed a long bearish candle after a negative opening and is now 600 points away from its 200-day EMA (53,785).

For the week, the banking index declined 1.93 percent and snapped its three-week winning streak, forming a long red candle on the weekly scale.

The index faced resistance around the midline of the Bollinger Bands (55,600-55,650) during the week, where the price pulled back from the lower band up to the midline before falling again, highlighting the dominance of sellers.

The ADX has been falling, which indicates weakening trend strength and a possible reduction in market momentum, suggesting that the current move may lose steam. Overall, Bank Nifty’s price action signals bearish control, with critical resistances holding firm at key technical levels.

"The 54,100–54,000 zone will act as crucial support for the index. If the index slips below the 54,000 level, it will lead to further correction, up to the 53,500 level," said Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities. He added that on the upside, the 100-day EMA zone of 54,900-55,000 will act as crucial resistance for the index.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Technical View: Nifty sinks over 3% in 6 days, eyes 200 DEMA as carnage continues; Bank Nifty loses over 50% of recent gains with VIX surge

The carnage continued in the equity markets with the Nifty 50 falling nearly 1 percent on September 26, following a fresh wave of tariffs targeting the pharma sector by Donald Trump. The index almost shed 78.6 percent of its recent rally (from the August 29 low to the September 18 high) and nearly tested the 24,600 target, declining more than 3 percent in the last six consecutive sessions.

The index dropped decisively below the 100-day EMA and is now around 250 points away from its 200-day EMA (24,400), which also coincides with the low of the recent rally (August 29). If the index breaks this level, bears may tighten their grip further. However, on the higher side, the 24,800-24,900 range may act as an immediate hurdle, according to experts.

The rising India VIX also made the bulls uncomfortable, as it touched the 50-day EMA and stayed well above short-term moving averages (10-day and 20-day EMAs), rising 5.96 percent to the 11.43 zone. It rallied 14.62 percent during the week.

The momentum indicators are also favouring the bears, with the RSI falling to 39.31, while the MACD maintained a negative crossover, with the histogram weakening further.

The Nifty 50 opened lower at 24,819 and remained under bears' control throughout the session. The index hit an intraday low of 24,629 in the last hour of trade before closing at 24,655, down 236 points (0.95 percent) and forming a long bearish candle on the daily timeframe, continuing the lower high-lower low structure for the sixth straight day.

This indicates a decisive breakdown of crucial supports around the 25,000-24,900 levels. This is not a good sign and signals more weakness in the short term, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

The index formed a long bearish candle on the weekly charts, losing 2.65 percent after three weeks of gains, indicating a possibility of faster downside retracement in the market.

According to Nagaraj, the market is now sliding down to the next important support of around 24,400-24,300 (previous swing lows and 200-day EMA) by next week. Immediate resistance is placed at the 24,850 level, he added.

The monthly options data indicated that the Nifty may trade in the 24,500-25,000 range in the short term.

The maximum Put open interest was observed at the 24,500 strike, followed by the 24,600 and 24,000 strikes, with the maximum Put writing at the 24,500, 24,600, and 24,650 strikes. Meanwhile, the 25,000 strike holds the maximum Call open interest, followed by the 25,100 and 24,800 strikes, with the maximum Call writing at the 24,800, 24,900, and 24,700 strikes.

Bank Nifty

The Bank Nifty also participated in the correction, plummeting 587 points (1.07 percent) to 54,389, wiping out more than 50 percent of its recent rally. The index formed a long bearish candle after a negative opening and is now 600 points away from its 200-day EMA (53,785).

For the week, the banking index declined 1.93 percent and snapped its three-week winning streak, forming a long red candle on the weekly scale.

The index faced resistance around the midline of the Bollinger Bands (55,600-55,650) during the week, where the price pulled back from the lower band up to the midline before falling again, highlighting the dominance of sellers.

The ADX has been falling, which indicates weakening trend strength and a possible reduction in market momentum, suggesting that the current move may lose steam. Overall, Bank Nifty’s price action signals bearish control, with critical resistances holding firm at key technical levels.

&quot;The 54,100–54,000 zone will act as crucial support for the index. If the index slips below the 54,000 level, it will lead to further correction, up to the 53,500 level,&quot; said Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities. He added that on the upside, the 100-day EMA zone of 54,900-55,000 will act as crucial resistance for the index.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The equity benchmarks closed sharply lower on Friday, extending losses for the sixth straight session amid weak global cues, sustained foreign fund outflows and pressure on IT and pharma shares.

The Sensex declined 733.22 points or 0.9 percent to settle at 80,426.46, its lowest closing in three weeks. During the day, it tumbled 827.27 points or 1 percent to 80,332.41. The broader Nifty dropped 236.15 points or 0.95 percent to settle at 24,654.70, also at a three-week low.

Since September 19, the Sensex has fallen 2,587.50 points or 3.16 percent, while the Nifty has shed more than 3 percent over six sessions.

The sell-off was broad-based with pharma and IT shares leading declines after the US announced tariffs on branded drugs. Weak guidance from Accenture and concerns over visa policy changes further dragged IT stocks. Persistent foreign institutional investor (FII) selling and a depreciating rupee added to the pressure.

The Nifty Midcap100 and Smallcap100 indices dropped 2.05 percent and 2.26 percent, respectively, underperforming frontline gauges. Market breadth remained weak with 459 stocks out of the Nifty 500 ending in the red.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/mahindramahindra/MM">Mahindra &amp; Mahindra</a>, Eternal, Tata Steel, Bajaj Finance, Asian Paints, Sun Pharma, Tech Mahindra, Infosys, Tata Consultancy Services and HCL Tech were the biggest laggards. However, Larsen &amp; Toubro, Tata Motors, <a href="https://www.moneycontrol.com/india/stockpricequote/diversified/itc/ITC">ITC</a> and Reliance Industries were the gainers.

Should you buy the dip or is further fall coming?

Analysts said technical indicators point to more weakness in the near term.

"The RSI is trending downwards, settling just below the 40 level, which suggests weakening momentum and potential further downside. Nifty broke below the midline of the Bollinger Bands, indicating increased bearish momentum. The 24,450–24,500 zone will act as a crucial support. A slip below 24,450 could take the index to 24,200, while resistance lies around 24,850–24,900," said Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities.

Ajit Mishra, SVP, Research, Religare Broking Ltd, said, "Nifty is now approaching its key support near the 200 DEMA around 24,400. The sharp correction in mid- and small-cap stocks has further dampened sentiment. We recommend a cautious approach—focusing on fundamentally strong stocks while avoiding aggressive directional bets until clearer signals emerge."

On the Bank Nifty, Shah said the index has slipped below its 100-day EMA level of 54,901, extending its decline for the third straight day. "The index formed a sizeable bearish candle on the weekly chart, facing resistance around the 55,600–55,650 zone, which coincided with the midline of the Bollinger Bands. The 54,100–54,000 band will act as immediate support. A break below 54,000 may trigger a fall towards 53,500, while resistance is seen at 54,900–55,000," he added.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Sensex falls 2,500 pts in 6 days, Nifty down 3%: Should you buy the dip or is further fall coming? Here's what analysts say

Stock Market News: Sensex falls 2,500 pts in 6 days, Nifty down 3% - Should you buy the dip or is further fall coming? Here's what analysts say

The equity benchmarks closed sharply lower on Friday, extending losses for the sixth straight session amid weak global cues, sustained foreign fund outflows and pressure on IT and pharma shares.

The Sensex declined 733.22 points or 0.9 percent to settle at 80,426.46, its lowest closing in three weeks. During the day, it tumbled 827.27 points or 1 percent to 80,332.41. The broader Nifty dropped 236.15 points or 0.95 percent to settle at 24,654.70, also at a three-week low.

Since September 19, the Sensex has fallen 2,587.50 points or 3.16 percent, while the Nifty has shed more than 3 percent over six sessions.

The sell-off was broad-based with pharma and IT shares leading declines after the US announced tariffs on branded drugs. Weak guidance from Accenture and concerns over visa policy changes further dragged IT stocks. Persistent foreign institutional investor (FII) selling and a depreciating rupee added to the pressure.

The Nifty Midcap100 and Smallcap100 indices dropped 2.05 percent and 2.26 percent, respectively, underperforming frontline gauges. Market breadth remained weak with 459 stocks out of the Nifty 500 ending in the red.

Mahindra &amp;amp; Mahindra, Eternal, Tata Steel, Bajaj Finance, Asian Paints, Sun Pharma, Tech Mahindra, Infosys, Tata Consultancy Services and HCL Tech were the biggest laggards. However, Larsen &amp;amp; Toubro, Tata Motors, ITC and Reliance Industries were the gainers.

Should you buy the dip or is further fall coming?

Analysts said technical indicators point to more weakness in the near term.

&quot;The RSI is trending downwards, settling just below the 40 level, which suggests weakening momentum and potential further downside. Nifty broke below the midline of the Bollinger Bands, indicating increased bearish momentum. The 24,450–24,500 zone will act as a crucial support. A slip below 24,450 could take the index to 24,200, while resistance lies around 24,850–24,900,&quot; said Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities.

Ajit Mishra, SVP, Research, Religare Broking Ltd, said, &quot;Nifty is now approaching its key support near the 200 DEMA around 24,400. The sharp correction in mid- and small-cap stocks has further dampened sentiment. We recommend a cautious approach—focusing on fundamentally strong stocks while avoiding aggressive directional bets until clearer signals emerge.&quot;

On the Bank Nifty, Shah said the index has slipped below its 100-day EMA level of 54,901, extending its decline for the third straight day. &quot;The index formed a sizeable bearish candle on the weekly chart, facing resistance around the 55,600–55,650 zone, which coincided with the midline of the Bollinger Bands. The 54,100–54,000 band will act as immediate support. A break below 54,000 may trigger a fall towards 53,500, while resistance is seen at 54,900–55,000,&quot; he added.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

3 out of 5 years Nifty500 Mul50:25:25 has given positive returns in September.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	15,954.55	16,110.20	16,195.05	15,869.70	15,714.05	15,629.20	15,473.55
Fibonacci	15,961.57	16,018.33	16,110.20	15,869.70	15,777.83	15,721.07	15,629.20
Camarilla	15,820.95	15,842.99	15,865.04	15,869.70	15,776.85	15,754.81	15,732.76

INDEX CONTRIBUTION - Nifty500 Mul50:25:25

Net Contribution

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