Nifty slips under 25,000, Sensex falls for fifth session as volatility rises

Dalal Street sinks for 5th session.

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After opening near the flatline, benchmark indices Nifty 50 and Sensex steadily drifted downwards through the session on Thursday, September 25. The headline indices have fallen for five sessions in a row, reflecting sustained selling pressure and cautious market sentiment.

At 12:11 p.m., the Sensex was down 247.24 points or 0.30 percent at 81,468.39, and the Nifty was down 80.90 points or 0.32 percent at 24,976.00. About 1461 shares advanced, 2134 shares declined, and 134 shares unchanged.

The sectoral indices were largely in the red with Realty leading the decline, down 1.2 percent, followed by Auto slipping 0.8 percent. IT, FMCG, PSU Bank, Infra, Pharma, and Media also saw mild cuts.

On the positive side, Metal gained 0.43 percent and Energy was flat but marginally in the green. Overall, the market trend remained weak with Realty and Auto stocks weighing on sentiment, while Metal offered some support.

"The reforms being implemented in India along with the low interest rate regime have the potential to push economic growth and corporate earnings growth higher. This should bring FIIs back to the Indian market. But we don’t know when this will happen in a sustained basis. This is the right time for investors to continue accumulating high quality stocks. Patience is the key," suggested  VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

The Nifty’s broader uptrend has slipped into a pause mode, with four straight sessions of lower closes and a visible pattern of lower highs on the daily chart. “The 25,000 mark now stands as a crucial support in order to sustain the bullish structure. While call writers have grown aggressive at at-the-money strikes, put writers are conceding ground and shifting to lower levels, pointing toward a consolidation bias,” said Dhupesh Dhameja of SAMCO Securities.

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