Taking Stock: Nifty below 25,100, Sensex down 386 points on fourth day of profit booking

The biggest Nifty losers were Tata Motors, Wipro, Bharat Electronics, Jio Financial, Hero MotoCorp, while gainers included HUL, Nestle, NTPC, JSW Steel, Power Grid.

Except FMCG, all other sectoral indices ended in the red with auto, IT, media, metal, oil & gas, realty down 0.5-2%

Also Read: Samir Arora's Global AI Playbook: NASDAQ 100, Cybersecurity, and China Tech ETFs

In stock-specific action, Bajaj Electricals shares gained on acquisition of ‘Morphy Richards’ brand, Swiggy shares fell 2% on selling partial stake in Rapido and restructuring of quick commerce arm Instamart, and Refex Power share price rose 2% on Rs 475 crore order win.

More than 170 stocks touched their 52-week highs on the BSE, including Tata Investment Corp, Indian Bank, JSW Steel, Asahi India, Canara Bank, Aadhar Housing, Maruti Suzuki, Amber Enterprises, Muthoot Finance, Aditya Birla Capital, Bajaj Finance, SBI, Tata Steel, among others. Click to View More.

Outlook for September 25

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

The downside momentum continued in the market for the fourth consecutive sessions on Wednesday and Nifty closed the day lower by 112 points. After opening on a weak note, the market showed volatility of intraday up and down swings for the better part of the session. An attempt of recovery of mid part has faltered and Nifty closed at the lows.

A reasonable bear candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates weakness in the market with volatility. Though, Nifty placed at the lows of 4 days decline, still there is no indication of any reversal pattern forming at the lows.

The short-term trend of the market continues to be negative. Nifty is now sliding down to the crucial lower support of 24900 levels (ascending trend line and 10week EMA) as per weekly chart. Immediate resistance is placed at 25150.

Nandish Shah - Deputy Vice President, HDFC Securities

Nifty fell for the fourth consecutive session with a fall of 112 points or 0.45%, to close at 25056. It turned out to be a volatile session for Nifty where both side swings were registered during the day with bears holding dominance at the end.

Powergrid, Hindustan Uniliver, and NTPC emerged as the top gainers within the Nifty pack. On the flip side, it was a tough session for Tata Motors, BEL, and Jio Finance, which ended as the major losers. Cash market turnover on the NSE was lower by 10% compared to yesterday.

The rupee emerged as the strongest performer among Asian currencies. It gained ground in the final hours of trading and closed higher by 6 paise against the greenback, driven by expected dollar sales from domestic banks.

Sectoral performance reflected the overall weak sentiment, with all indices ending in the red, with the sole exception of Nifty FMCG. The sectors that faced the most significant losses were Realty, Auto, and Private Banks.

The broader market indices continued profit booking for the third day in the row. The Nifty Midcap 100 Index fell by 1%, while the Nifty Smallcap 100 Index fell 0.70%. Market breadth remained weak for the third day in the row, with declining shares outnumbering advancing ones, as reflected in a BSE advance-decline ratio of 0.62.

Nifty tested 20 DEMA support of 25042 during the session and managed to close slightly above the same. Sustainable level below 20 DEMA could drag index towards the next support of 24926, derived from 50% retracement of the entire rally seen from 24404 (29 Aug 2025 Swing Bottom) to 25448(18th Sep 2025 Swing Top). On the upsides 25150 and 25262 could offer resistance in the Nifty.

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