India Market Wrap – Thursday, September 25, 2025

Dalal Street extended its losing streak to a fifth straight session as risk appetite stayed muted amid FII outflows and jitters around the proposed US H-1B fee hike. Benchmarks slipped, while breadth in the broader market stayed negative.

Closing Snapshot

Note: Official EOD prints for select non-benchmark indices were still being finalized at source; percentage direction is confirmed.

Sector Check (NSE)

Market Breadth

• Broader market: Mid & Smallcap indices fell ~0.6% each; advances trailed declines.

Nifty 50 — Notable Moves (Top Gainers/Losers)

Exact percentage tables from the exchange were not yet published at the time of writing; below are notable movers and the reasons driving them today.

What Drove Today’s Tape

• Policy overhang on IT: U.S. move to impose a steep H-1B application fee kept the entire IT complex subdued.
• FII outflows persist: Continuous foreign selling kept rallies in check.
• Crude cooled but remained elevated vs recent lows: Brent eased after a seven-week peak; energy remained volatile.
• Rupee stable near record-weak zone: Managed close as RBI’s presence likely capped volatility.

Global Cues Dashboard

Stocks to Watch (and Triggers)

• Tata Motors: Any updates around JLR cyber incident and plant restart cadence.
• Large-cap IT (TCS, Infosys, Wipro): Follow-through on H-1B fee headlines; management commentaries.
• Hindustan Copper & metal pack: Track copper prices and supply headlines.
• Britannia, Nestlé: After brokerage upgrades, watch for volume/price follow-through.
• Newgen Software / Fineotex Chemicals: Order wins & board actions (split/bonus) sentiment tailwinds.

Key Technical Levels (Spot)

Tactical take: Momentum has shifted to sellers with Nifty below the 21-DMA and sub-25k on intraday probes; expect sell-on-rise near resistance bands until 25,150–25,250 is reclaimed convincingly.

Tomorrow’s Playbook (Fri, Sep 26)

• Tone: Cautious-to-negative unless global risk stabilizes; dips to 24,800–24,830 on Nifty may invite short covering, but supply expected near 25,000–25,150.
• Buy/Sell Zones:
  • Nifty 50: Buy-on-dips only if 24,800–24,830 holds with tight stops; Sell-on-rise toward 25,050–25,150.
  • Bank Nifty: Watch 55,000; sustained breach risks extension to 54,400–54,600. Rejection near 55,800–56,200 is a fade set-up.
• Sectors to track:
  • FMCG / Select Consumption: Relative strength visible; buy on dips.
  • IT: Trade light—headline-sensitive.
  • Metals: Momentum trade if copper stays firm.

Quick Takeaway

The market is in control of sellers near term, with 24,800 on Nifty a line in the sand and 55k critical for Bank Nifty. Respect resistance, be selective on longs (FMCG/metals strength), and keep risk tight in IT/auto where news-flow risk is high.