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Informist, Monday, Sept. 22, 2025

 

By Simran Rede

 

MUMBAI – India's headline indices closed lower Monday dragged down by weakness in information technology stocks after the US imposed a hefty "one-time" fee for H-1B visa applications. On Friday, US President Donald Trump announced a hike in H-1B visa

fee to $100,000 from the current $2,000–$5,000.

 

The Nifty 50 settled at 25202.35 points, down 124.70 points or 0.5%. The BSE Sensex ended at 82159.97 points, down 466.26 points or 0.6%. Index heavyweights HDFC Bank, ICICI Bank, Reliance Industries, Infosys proved to be a major drag on the Nifty 50. Fall in IT, financial services, and fast-moving consumer stocks offset minor gains in metals and mining and telecommunication stocks. 

 

The fear gauge, India VIX, closed higher for the second session, suggesting a rise in nervousness among investors. The index rose nearly 6% to 10.5500. All the broader market indices closed in the red, with the Nifty Smallcap 50 and Nifty Smallcap 100 falling more than 1?ch. Most sectoral indices ended lower, with Nifty IT being the worst hit. The index fell nearly 3%. On the other hand, the Nifty Energy index rose 0.7% and was the top gainer.

 

Among the IT stocks in the Nifty 50, HCL Technologies, Wipro, Infosys, Tech Mahindra, and Tata Consultancy Services were the worst performers. They closed lower by 2–3%. However, some small-cap and mid-cap IT companies informed the exchanges that they expect minimal impact from the hike in H-1B visa fee on their financials. Most brokerages expect Indian IT companies to be affected by the move in the near-term, but the downside is likely to be limited in the long term as Indian IT companies have reduced their reliance on H-1B visas over the last decade and started hiring more local workforce in the US.

 

Shares of Adani group companies continued to rise after the Securities and Exchange Board of India last week gave a clean chit to the group over allegations of accounting fraud and stock market manipulation against by Hindenburg Research. Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power, Adani Total Gas, Adani Green Energy, and Adani Energy Solutions rose 4–20% and were the top gainers in the Nifty 50 and Nifty 200 indices. Trading in shares of Adani Power was suspended for most of the session after they hit the 20% upper band of INR 170.25.

 

Shares of most shipbuilding companies rose early in the day after the government granted infrastructure status to 'large ships'. This status is seen positive for the sector and is expected to benefit Cochin Shipyard, Mazagon Dock Shipbuilders, and Larsen & Toubro's shipbuilding arm, ICICI Direct Research said in a report. This will reduce financing costs and extend loan tenures, making large vessel projects more viable and boost domestic shipbuilding competitiveness. Additionally, Prime Minister Narendra Modi has announced three schemes with government investment of over INR 700 billion to boost the shipbuilding sector to provide incentives, interest subsidies, and long-term finance.

 

Shares of Shalby came off highs and settled 10% higher after soaring over 13?rlier in the session. They surged after Informist Friday reported that the company expects its revenue to more than double by 2029-30 (Apr-Mar) driven by its hospitals and implants operations. Netweb Technologies India rose nearly 8?ter it received an order of INR 4.5 billion to supply Tyrone AI GPU accelerated systems. The stock was among the top Nifty 500 gainers.

 

Voltas fell over 3% and was among the worst hit in the Nifty 200. Most brokerages are cautious about the company's earnings as they expect a weak September quarter due to inventory challenges and low demand. However, the company has reiterated hopes of an improved second half of the financial year due to the cut in goods and service tax on multiple segments.

 

Swiggy snapped a five-session rising streak and fell nearly 2%. JM Financial Institutional Securities has downgraded the stock to 'reduce' from 'hold' but raised its target price by nearly 5% to INR 440. The brokerage believes the company's balance sheet is a concern and expects it to raise more than $500 million of funds to support its long-term goals in quick commerce segment.

 

* Of the Nifty 50 stocks, 19 rose and 31 fell
* Of the Sensex stocks, 9 rose and 21 fell

* On the NSE, 1,186 stocks rose, 1,920 fell, and 99 were unchanged

* On the BSE, 1,789 stocks rose, 2,497 fell, and 169 were unchanged

* Nifty IT: down 3%; Nifty Pharma: down 1.4%; Nifty Energy: up 0.7%

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BSE                                                NSE

Sensex: 82159.97, down 466.26 points or 0.6%       Nifty 50: 25202.35, down 124.70 points or 0.5%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84058.90 (Jun. 27)	: 2025 Closing High: 25637.80 (Jun. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 84099.53 (Jun. 30)	: 2025 High (intraday): 25669.35 (Jun. 30)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

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End

 

Edited by Ashish Shirke

 

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