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Informist, Thursday, Sept. 25, 2025

By Simran Rede

MUMBAI – The Indian equity market is likely to continue facing selling pressure Friday after ending on a weaker note Thursday. The Nifty 50 fell below the psychologically crucial 25000 level and ended near its immediate support of 24800 points. Investors are expected to continue booking their profits Friday and the market is seen ending the week in the red, analysts said.  

The Nifty 50 closed the day at 24890.85 points, down 166.05 points or 0.7%. The BSE Sensex settled at 81159.68 points, down 555.95 points or 0.7%. Both the indices closed lower for the fifth straight session. "The recent pronounced bearish trend underscores the total absence of bullish sentiment and emphasizes the significance of technical support levels, which have been progressively undermined with each trading session," Osho Krishan, senior technical and derivatives analyst at Angel One, said in a note.

Analysts earlier had predicted the Nifty 50 to be range-bound with a sustained positive bias for most of the session. After the index closed below 25000 points, the outlook of analysts changed towards a negative bias as they expect the market to now fall further. The near-term nervousness in the market also rose, with the India VIX index rising 2.5% to 10.7825. 

Moving to the last trading session of the week, the 25100 level will be crucial for the index to witness any rise, analysts said. "Nifty closed on a weaker note, now unless it closes above 25100, one should be cautious," said Nandish Shah, senior derivative and technical analyst at HDFC Securities. The fall in the Nifty 50 below 25000 increases the possibility of further downside up to 24750 levels, said Vipin Kumar, assistant vice-president of equity research and senior derivatives analyst at Globe Capital Market.

The 50-stock index is expected to find immediate support at 24800 points and a break below this level could trigger a deeper and more serious correction, analysts said. The index is seen facing resistance at 25000 points. "With the monthly F&O (derivatives) expiry approaching next week, a short-covering rally is possible if Nifty manages to reclaim the 25,000 mark," said Nilesh Jain, head – technical and derivatives research analyst (Equity Research), Centrum Broking.

Analysts believe US President Donald Trump's tightening of H-1B visa norms will further dampen near-term sentiment. Moreover, the uncertainty over a trade deal with the US remains a concern. A senior US state department official has indicated that Indian Prime Minister Narendra Modi and US President Trump are likely to meet in the coming days, noting that both leaders share a "positive" relationship, according to media reports. The official has acknowledged "turbulence" in the relationship but stressed that US-India ties remain "on a positive trajectory" despite Trump's public expressions of frustration.

The overall sentiment in the market remains cautious ahead of the government's borrowing calendar for the second half of the financial year 2025-26 (Apr-Mar), due after 1700 IST Friday, and US macroeconomic data, expected to be released by the end of the week. 

Information technology stocks will be in focus after Accenture reported its August quarter earnings Thursday. Listed on the New York Stock Exchange, Accenture's earnings are seen as a crucial indicator for Indian IT companies. New bookings for the quarter rose 6% in US dollars and 3% in local currency to $21.31 billion. Its revenue rose 7% in US dollars and 4.5% in local currency to $17.60 billion. Gross margin--gross profit as a percentage of revenues--for the quarter was 31.9%, compared with 32.5% for the corresponding quarter of the previous year. The Dublin-headquartered professional services company's revenue for 2024-25 (Sept-Aug) rose 7% in both US dollars and local currency to $69.67 billion, largely in line with the earlier guidance of 6-7%.  End

US$1 = INR 88.6650

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

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