On Wednesday, September 24, key market indices on Dalal Street — the Sensex and Nifty 50 — closed near the day’s lows, extending losses for the fourth straight session amid sustained selling pressure. The Sensex dropped 386.47 points or 0.47% to 81,715.63, while the Nifty declined by 112.60 points or 0.45% to end at 25,056.90. Market breadth was weak, with 1,413 stocks advancing, 2,349 declining, and 125 remaining unchanged.
US Fed Chair Jerome Powell’s recent comments on high equity valuations and inflation risks weighed on global sentiment, triggering widespread market weakness. Indian equities were further pressured by continued foreign selling, concerns over Donald Trump’s proposed $100,000 H-1B visa fee, and uncertainty surrounding India-US trade discussions. IT stocks led the fall due to fears of rising margin pressures.
Sectorally, Realty was the biggest laggard, falling 2.42%, followed by Auto, which slipped 1.1%. Other sectors like IT, Pharma, Metal, and PSU Banks also declined. FMCG was the only sector to end in the green, inching up 0.2%.
Technical indicators suggest Nifty remains vulnerable below 25,000, with resistance at 25,300–25,350.
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