Dalal Street ended Tuesday’s session on a mixed note. IT weakness weighed on benchmarks, while banks and autos provided the much-needed support. The undertone stayed cautious, with traders eyeing global cues, crude, and the currency market for direction.
Indices Recap
| Index | Close | Change | % Change |
|---|---|---|---|
| Sensex | 82,102 | -56 | -0.07% |
| Nifty 50 | 25,170 | -32 | -0.13% |
| Nifty Bank | 55,509 | +225 | +0.41% |
| Nifty Midcap 100 | — | -0.29% | — |
| Nifty Smallcap 100 | — | +0.35% | — |
Sectoral Performance
| Sector | Trend | Key Drivers |
|---|---|---|
| Auto | ▲ Strong | Festive demand optimism, GST tweaks |
| Banks (Private & PSU) | ▲ Positive | Loan growth outlook, investor flows |
| IT | ▼ Weak | US H-1B visa fee shock |
| FMCG | ▼ Soft | Profit-taking, input cost concerns |
| Metals | ▲ Mild gains | Commodity strength |
Market Breadth & Statistics
| Metric | Value |
|---|---|
| Advances | 1,329 |
| Declines | 1,714 |
| Unchanged | 93 |
| 52-Week Highs | 107 |
| 52-Week Lows | 44 |
Key Drivers of the Session
- IT Drag: US policy shock on H-1B visa fees pressured IT heavyweights.
- Auto Rally: Early Navratri demand expectations boosted auto majors.
- Banking Strength: Private banks extended gains, cushioning benchmarks.
- Currency Pressure: Rupee hit fresh lows near 88.8/USD, weighing on sentiment.
- Oil Relief: Brent crude softened towards $66/bbl, easing inflationary worries.
Global Cues
| Asset / Index | Trend | Implication for India |
|---|---|---|
| US equities | Near record highs | Supportive global mood |
| Brent crude | ~$66/bbl, falling | Positive for input costs |
| USD/INR | 88.8 (record low) | Import cost worries, FII risk |
Stocks to Watch
| Stock | Trigger |
|---|---|
| Maruti, M&M, Tata Motors, Hero MotoCorp | Festive demand tailwinds |
| Axis Bank, SBI | Strong financial momentum |
| TCS, Infosys, TechM, LTIM, Coforge | Visa fee overhang |
| KEC International | Order inflows worth ₹3,243 cr |
| Adani Power | Post 1:5 stock split action |
Technical Picture – Nifty 50
| Level | Zone | Comment |
|---|---|---|
| Support 1 | 25,050 | Short-term floor |
| Support 2 | 25,000 | Psychological mark |
| Support 3 | 24,950 | Breakdown trigger |
| Resistance 1 | 25,300–25,350 | Supply zone |
| Resistance 2 | 25,500 | Upside target |
Outlook for Tomorrow (Sep 24, 2025)
The market is poised for a neutral to cautious open. Autos and banks are expected to remain in favor, while IT may continue to face selling pressure. Crude softness provides a cushion, but the weak rupee is a key risk factor.
Expected Market Tone: Rangebound with a cautious bias.
- Buy dips near 25,050–25,000.
- Fade rallies near 25,300–25,350.
- Watch for currency volatility and global tech sentiment overnight.
Bottom Line: Traders should stay stock-specific, favor banks and autos on strength, and remain cautious in IT. Tomorrow’s session will likely be one of consolidation with rotational sectoral action.
