More Stories

Informist, Wednesday, Sept. 24, 2025

 

By Simran Rede

 

MUMBAI – The benchmark indices closed lower for the fourth successive session Wednesday. The Nifty 50 was mostly dragged down by information technology and banking and financial services stocks. The Donald Trump administration's action of raising the fee for H-1B visa applications to $100,000 continued to hurt investor sentiment. In the latest update on the visa, the US Department of Homeland Security Tuesday proposed changing the selection process for H-1B visas to a wage-based weighted selection from the existing system of a lottery.

 

The Nifty 50 settled at 25056.90 points, down 112.60 points or 0.5%. The BSE Sensex ended at 81715.63 points, down 386.47 points or 0.5%. Heavyweights HDFC Bank, ICICI Bank, and Reliance Industries dragged the 50-stock index down. These three stocks together have over 30% weightage in the index.

 

"The domestic market is witnessing sentiment-driven profit-taking," Vipin Kumar, assistant vice-president of equity research and senior derivatives analyst at Globe Capital Market, said. "Sentiment-driven moves are short-term in nature." Some fast-moving consumer goods stocks were among the gainers in a weak market.

 

Barring HCL Technologies, all nine constituents of the Nifty IT sectoral index closed lower, down 0.2-2.7%. Wipro and Coforge were the worst performers in the index. The Nifty IT index closed 0.7% lower, ending in the red for the fourth straight session. While analysts see the proposed changes in H-1B visa rules affecting the hiring of freshers by Indian IT companies, they expect these companies to meet the challenge through various steps.

 

Most realty stocks fell with the Nifty Realty index ending 2.5% lower. Nuvama Institutional Equities expects the sector to witness volatility in the near term on concerns about weak volume growth, falling home affordability, and a shortage of houses for middle-income groups. This is because confidence among investors has "faltered" with the growth in homogeneity seen in the real estate sector between the financial year 2020-21 (Apr-Mar) and FY24 now missing, the brokerage said.

 

Most automobile stocks ended the session on a negative note majorly due to selling for profit after gains on the back of optimism over reduced goods and services tax. The Nifty Auto index declined 1.2% and was among the major losers on the sectoral front. Tata Motors was the worst-hit Nifty 50 constituent, down 2.6%.

 

Ashok Leyland fell 1.2?ter brokerage Goldman Sachs downgraded the stock to "neutral" with a target price of INR 140, implying limited upside after the recent rally, CNBC-TV18 reported. The stock has gained nearly 11% since the government slashed GST across vehicle categories. The broking firm also upgraded the rating on Maruti Suzuki to "buy" with a target price of INR 18,900. The stock closed 0.9% higher.

 

Minda Corp. rose over 8% and was the second top gainer in the Nifty 500. The rise in the stock came after the company late Tuesday said it is targeting a jump of 3.5 times in revenue over the next five years to over INR 175 billion. As part of its goals for FY30, the company aims to improve its earnings before interest, tax, depreciation, and amortisation margin by 110 basis points to 12.5%, according to a presentation by Minda Corp.

 

All Adani group stocks fell after having surged over the past three sessions following a clean chit from the Securities and Exchange Board of India to the group Thursday on allegations of accounting manipulation malpractices. The allegations were levelled by US-based short-seller Hindenburg Research, which shut down earlier this year. Despite Wednesday's fall, Adani group stocks are still up 16-27% this month. The market regulator said it had found no evidence of violation of listing norms as the transactions to which the Hindenburg report referred could not be categorised as related party transactions.

 

Shares of VMS TMT closed 0.7% higher after listing at INR 104.90 on the NSE Wednesday, a premium of nearly 6% to its issue price of INR 99.

 

* Of the Nifty 50 stocks, 14 rose and 36 fell
* Of the Sensex stocks, 9 rose and 21 fell

* On the NSE, 993 stocks rose, 2,056 fell, and 85 were unchanged

* On the BSE, 1,604 stocks rose, 2,568 fell, and 148 were unchanged

* Nifty Realty: down 2.5%; Nifty India Defence: down 1.2%; Nifty FMCG: up 0.2%

---

BSE                                                NSE

Sensex: 81715.63, down 386.47 points or 0.5%       Nifty 50: 25056.90, down 112.60 points or 0.5%

---

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)

 

---

 

End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.