Indian equity indices fell on the fifth consecutive session on September 25 with Nifty finishing below 24,900 amid selling seen across the sectors barring metals.
After a muted start, the market traded rangebound for most part of the session, however, the final hour selling dragged the Nifty below 24,900, before settling near the day's low.
At close, the Sensex was down 555.95 points or 0.68 percent at 81,159.68, and the Nifty was down 166.05 points or 0.66 percent at 24,890.85. BSE Midcap and Smallcap indices down 0.7% each.
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Tata Motors, Trent, Shriram Finance, TCS, Power Grid were among major losers on the Nifty, while gainers were Bharat Electronics, Hindalco, Axis Bank, ONGC, Hero MotoCorp.
On the sectoral front, except metal (up 0.22%), all other indices ended in the red with consumer durables, auto, power, IT, realty down 1% each.
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In stock-specific action, Tata Motors shares fell 2.7% on fear of Euro 2 billion hit from JLR cyberattack, Optiemus Infracom shares added 1.5% on JV with Nothing Electronics, KPI Green Energy shares gained 2% on securing sanction of Rs 3,200 crore from SBI, Polycab India shares slipped 2% on block deal of 22.73 lakh shares, Newgen Software shares added 3.5% on signing five-year master services agreement with TCS NV.
Index | Prices | Change | Change% |
---|---|---|---|
Sensex | 81,159.68 | -555.95 | -0.68% |
Nifty 50 | 24,890.85 | -166.05 | -0.66% |
Nifty Bank | 54,976.20 | -145.30 | -0.26% |
Biggest Gainer | Prices | Change | Change% |
---|---|---|---|
Bharat Elec | 403.15 | 7.70 | +1.95% |
Biggest Loser | Prices | Change | Change% |
---|---|---|---|
Trent | 4,742.50 | -154.50 | -3.15% |
Best Sector | Prices | Change | Change% |
---|---|---|---|
Nifty Metal | 10082.55 | 22.45 | +0.22% |
Worst Sector | Prices | Change | Change% |
---|---|---|---|
Nifty IT | 34548.30 | -445.95 | -1.27% |
AWL Agri Business shares rose 3% on MoU with SEA and SREC, Hindustan Copper shares rose 6.5% after copper at multi-month high, SEPC shares shed 4% despite Rs 75.19 crore purchase order, Maharashtra Seamless shares rose 1.2% on bagging order worth Rs 256 crore
More than 90 stocks touched their 52-week lows on the BSE, including Ramkrishna Forgings, Praj Industries, TCS, United Breweries, Vedant Fashions, Five-Star Business, CG Consumer, among others. Click to View More
Outlook for September 26
Rupak De, Senior Technical Analyst at LKP Securities
The Nifty has fallen below the crucial support level of 25,050, which also coincides with the 38.20% Fibonacci retracement of the previous rise from 24,400 to 25,450. Additionally, the index has slipped below the 21 EMA on the daily timeframe, confirming increasing bearish sentiment.
It appears that the bulls are stepping back, giving bears more control over the market. On the downside, immediate support is placed at 24,800; a break below this level could trigger a deeper and more serious correction. On the upside, resistance is seen at 25,000.
Vinod Nair, Head of Research, Geojit Investments
Indian markets extended its losing streak for a fifth straight session as investors booked profits amid persistent FII outflows and uncertainty over US-India trade talks, which is expected to dent Q2 GDP growth.
Broad based selling prevailed in the market with heavy selling across auto, IT, pharma, and healthcare sectors, while metals gained on the back of China’s liquidity support and copper supply concerns. Overall, sentiment remains cautious ahead of India’s H2FY26 borrowing and US macroeconomic data, expected to be released over the end of the week.
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 decision.
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