Taking Stock: Nifty below 22,400, dragged by IT and banks as macro cheer fades

Market Today

Benchmark indices ended lower in a volatile session, with Nifty slipping below 22,400 despite positive cues from industrial production and retail inflation data, closing the week nearly a percent lower.

Sensex ended down 200.85 points or 0.27 percent at 73,828.91, and the Nifty closed 73.30 points or 0.33 percent at 22,397.20. BSE Midcap and smallcap indices shed 0.7 percent each.

Indices had opened higher with Nifty above 22,500 but mid-session profit booking erased gains, sending key indices to end near the low of the day. For the week, Nifty and Sensex declined 0.7 percent each.

Stock markets will remain shut on Friday, March 14 on account of Holi.

Also Read: Nifty IT enters bear market, sinks 21% from highs to erase Rs 8.4 lakh crore in value

Shriram Finance, Tata Motors, Hero MotoCorp, IndusInd Bank, Hindalco Industries were among major losers on the Nifty, while gainers included Bharat Electronics, SBI, ICICI Bank, Cipla, NTPC.

On the sectoral front, auto, IT, metal, media, realty down 0.5-1 percent each, while PSU Bank index up 0.5 percent.

More than 300 stocks touched 52-week low on the BSE, including Sterling Wilson, G R Infra, Balaji Amines, Route Mobile, IDFC First Bank, Astral, Nuvoco Vistas, Dalmia Bharat, KNR Construction, Birlasoft, Trident, Tata Elxsi, Relaxo Footwear, Tata Technologies, Shoppers Stop, LTIMindtree, Angel One, Galaxy Surfactants, Esab India, TTK Prestige, among others. Click here to view more

Index	Prices	Change	Change%
Sensex	84,587.01	-313.70	-0.37%
Nifty 50	25,884.80	-74.70	-0.29%
Nifty Bank	58,820.30	-15.05	-0.03%

Nifty 50 25,884.80 -74.70 (-0.29%)

Tue, Nov 25, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Hindalco	789.35	14.70	+1.90%

Biggest Loser	Prices	Change	Change%
Adani Enterpris	2,332.90	-66.30	-2.76%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8486.50	120.75	+1.44%

Worst Sector	Prices	Change	Change%
Nifty IT	36826.90	-211.00	-0.57%

Outlook for March 17

Ajit Mishra – SVP, Research, Religare Broking

On the weekly expiry day, markets remained range-bound and closed slightly lower. While positive global cues initially drove an uptick, selling pressure in heavyweight stocks across sectors pulled the Nifty into the red, eventually settling at 22,397.20. Barring the banking sector, all major indices ended lower, with realty, auto, and metal stocks leading the decline. The broader indices followed suit, losing nearly a percent each.

The ongoing consolidation in the Nifty index has kept participants cautious, but a decisive breakout from the 22,250-22,650 range is expected soon. In the meantime, traders should maintain a stock-specific approach while managing position sizes carefully. We continue to advise against adding to loss-making positions, particularly in the midcap and smallcap segments, given the likelihood of sustained underperformance.

Rupak De, Senior Technical Analyst at LKP Securities

Nifty has been forming a symmetrical triangle pattern on the hourly chart, which is a continuation pattern. For the past three days, Nifty has largely remained within the range of 22,350–22,550. A decisive move above 22,550 could trigger a meaningful rally in the short term. Conversely, a decisive fall below 22,350 could weaken sentiment in the short term.

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