Quote on Post-market comment 24th Sept 2025 by Hardik Matalia, Derivative Analyst, Choice Broking
Below the Quote on Post-market comment 24th Sept 2025 by Hardik Matalia, Derivative Analyst, Choice Broking
Indian markets extended losses for the fourth straight session on Tuesday, pressured by global uncertainty and the U.S. visa policy impact. The Sensex plunged 386.47 points to close at 81,715.63, while the Nifty50 fell 112.60 points. Broader markets were weak, with the BSE MidCap and SmallCap indices slipping about 0.7% and 0.5% respectively.
Sectoral performance was negative overall, led by declines in IT and auto stocks on concerns over H-1B visa fee hikes, along with weakness in realty, media, and financial counters. FMCG stocks showed some resilience.
On the technical front, the Nifty slipped below 25,100, with immediate support seen near 24,900 and resistance around 25,200–25,300. The Bank Nifty underperformed, shedding 0.70% to close at 55,121.40, dragged by Axis Bank, Pnb Bank, Icici Bank and Canara Bank and Au Bank showed relative stability.
India VIX stayed elevated, signalling continued caution and likely volatility ahead. With global uncertainties and sector-specific pressures in play, markets may continue to witness choppiness in the near term.
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