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Indian Markets Slip Amid IT Sell-Off, Diverse Sector Movements

By Mandar in Indian Market Insights —

Indian Stock Market: September 22, 2025

On September 22, 2025, the Indian stock market experienced a marginal decline, with the Sensex and Nifty indices showing mixed performance amidst volatile trading.

  • Sensex: Closed down approximately 466 points, or 0.56%, at about 82,160 points.
  • Nifty 50: Declined by roughly 125 points, settling near 25,200 levels.
  • Market breadth favored the bears, with significantly more shares declining than advancing.

Key Influencing Factors

The primary driver of the market's downturn was a sell-off in the IT and pharmaceutical sectors. This was largely influenced by external factors and sector-specific concerns.

IT Sector Sell-Off

Fueled by the announcement from U.S. President Donald Trump regarding a $100,000 fee on new H-1B visa applications, the IT sector faced significant selling pressure, due to fears of restricted access to skilled workers in the U.S.

  • Impact on IT Stocks:
    • Tech Mahindra and Tata Consultancy Services experienced drops of nearly 4%.
    • Infosys and Wipro saw declines between 2-3%.
  • Investor Sentiment: Despite clarifications that the fee only applied to new applications rather than renewals, investor confidence remained low.

Sectoral Performance Highlights

While the IT sector struggled, other sectors displayed resilience and some even showed gains.

  • Resilient Sectors: Autos, metals, oil & gas, and power.
  • Notable Gainers:
    • Adani Enterprises (up over 4%)
    • Bajaj Auto
    • Adani Ports
    • UltraTech Cement
  • The Nifty Metal and Nifty Media indices posted gains.
  • Midcap and Smallcap Underperformance: The Nifty Midcap 100 and Smallcap 100 indices fell by 0.67% and 1.17%, respectively.

Technical Outlook and Market Sentiment

The market exhibited a cautious short-term outlook, with analysts observing specific technical levels and future trading patterns.

  • Technical Analysis: Nifty continued to hold above key support levels.
  • Outlook: Anticipated range-bound trading, influenced by geopolitical concerns and domestic issues.
  • Positive Factors: Rising global oil prices and positive sentiment from upcoming India-US trade talks.

Overall, the market's performance was characterized by sector-specific impacts and mixed investor sentiment, driven by both domestic and global factors.