Taking Stock: Three-day rally snaps as Nifty ends below 25,350, Sensex down 388 points

Stock Market Today

Indian equity markets snapped a three-day winning run to end lower, with Nifty 50 closing below 25,350 as selling gripped FMCG, IT and banking shares, however, buying in realty, oil & gas, power and PSU banks limited the losses.

After opening lower and extended the fall that saw Nifty slip below 25,300, mid-day buying helped Nifty end off lows.

At close, the Sensex was down 387.73 points or 0.47 percent at 82,626.23, and the Nifty was down 96.55 points or 0.38 percent at 25,327.05. BSE Midcap and smallcap indices ended flat. For the week, BSE Sensex and Nifty gained nearly a percent each.

Among sectors, consumer durables, media, auto, FMCG, IT shed 0.4-0.6%, while power, PSU bank rose 1% each.

Also Read: Post-Hindenburg, FIIs cut stakes as domestic investors absorb Adani sell-off

The biggest Nifty losers were HCL Technologies, ICICI Bank, Nestle, Titan, Trent were the gainers were Adani Enterprises, Adani Ports, SBI Life Insurance, Shriram Finance, SBI closed lower.

Also Read: Mutual funds rev up bets on automobile sector on GST cuts, festive tailwinds

In stock-specific action, Rajesh Power Services shares added 3% on orders wins, Kaynes Technologies shares slipped on CEO's exit, Texmaco Rail shares jumped on UltraTech order, and Adani stocks rallied on clean chit by market regulator Sebi.

Index	Prices	Change	Change%
Sensex	81,715.63	-386.47	-0.47%
Nifty 50	25,056.90	-112.60	-0.45%
Nifty Bank	55,121.50	-388.25	-0.70%

Nifty 50 25,056.90 -112.60 (-0.45%)

Wed, Sep 24, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Power Grid Corp	293.30	4.70	+1.63%

Biggest Loser	Prices	Change	Change%
Tata Motors	682.95	-18.40	-2.62%

Best Sector	Prices	Change	Change%
Nifty FMCG	55378.90	97.35	+0.18%

Worst Sector	Prices	Change	Change%
Nifty Auto	27007.60	-314.40	-1.15%

Vodafone Idea's shares rose 8% on Centre's submission to the apex court in the AGR dispute, Graphite India shares gained 1% on stake acquisition in US-based company, and John Cockerill's shares added 5% on a contract win.

More than 150 stocks touched their 52-week highs on the BSE, including Adani Power, Gujarat Mineral, Laurus Labs, Ashok Leyland, Radico Khaitan, Eicher Motors, Hyundai Motor, Maruti Suzuki, Eternal, Tata Steel, among others. Click to View More

Outlook for September 22

Shrikant Chouhan, Head Equity Research, Kotak Securities

Indian equity markets delivered positive weekly returns amid broader strength in the global equities. Rally in the global markets was supported by the 25 bps rate cut announced by the US Fed. In India, the larger indices like Nifty 50 and Sensex 30 moved higher this week by around 1%. The midcap and smallcap index outperformed the larger peers with BSE Midcap and BSE Smallcap index posting weekly gains of 1.5-2%.

In view of positive momentum, almost all the key sectoral indices posted positive returns. BSE Realty index led with gains of 4% whereas the FMGC index was an underperformer with flattish returns.

India’s CPI inflation was 2.1% in August, as food prices contracted by 0.7%. The GST rate cuts is expected to keep the inflation trajectory under control in the next few quarters.

GST rate cut comes into effect from next week and that is expected to keep consumption and other stocks benefiting from lower GST rate in focus. Markets would continue to look for clarity on the US tariff situation and its impact on economic growth.

Rupak De, Senior Technical Analyst at LKP Securities

Nifty slipped on Friday after forming a hanging man pattern in the previous session. While the short-term trend continues to favor the bulls, a mild pullback from the current level looks possible.

On the lower side, support is placed at 25,150, below which the trend may weaken.

However, if the index manages to stay above 25,150, it could move towards 25,500. A decisive move above 25,500 may then open the road to 26,000.

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