Will Nifty, Sensex extend fall to fifth session or snap losses? Key levels to watch on September 25

Nifty 50 held above the 25,000 mark in the previous session.

Domestic equity benchmarks Nifty 50 and Sensex are likely to see another muted start on the bourses on Thursday, September 25, echoing weak global cues.

At 7.30 a.m., the GIFT Nifty index was quoting 25,067, down roughly 50 points or 0.2 percent.

Globally, US stocks closed lower for a second straight session on Wednesday, as investors booked profits with indexes near record levels after Federal Reserve Chair Jerome Powell flagged potentially stretched stock prices and ahead of a reading on inflation later in the week.

Asian stocks traded in a tight range at the open after losses on Wall Street as signs of fatigue crept into the AI-fueled equity rally.

In the previous session, after a weak start, the Nifty recovered most of its early losses in the first half; however, renewed selling in heavyweights across sectors dragged the index closer to the day’s low, eventually settling at 25,056.90, down 0.43 percent.

Further, foreign investors (FIIs/FPIs) net sold Rs 2,426 crore worth of Indian equities. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 1,212 crore, according to provisional exchange data.

Key levels to watch on September 25

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.

He added that as long as the index remains capped below the 25,150–25,200 resistance zone, sellers are expected to stay active. A decisive break down below 25,000 could open the door for a slide toward 24,860, keeping the near-term outlook sideways to bearish.

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