Weekly Update- 26 September 2025

NIFTY50

The index ended the week with a sharp decline of 2.65%, closing at 24,655, marking a weak finish to the series. The week began with a gap-down opening on Monday after Trump’s announcement regarding H1B visas, which weighed heavily on investor sentiment and triggered pressure across the board. While there were initial attempts to sustain near support levels, the buying interest quickly faded, and as the week progressed, the index witnessed persistent and intensified selling pressure. Broader markets mirrored this weakness, with declines across major sectors, eroding the gains made in the previous weeks. The inability to recover from intraday lows highlighted the prevailing cautious tone and limited risk appetite. The index eventually closed near the week’s low, signaling that sellers remained firmly in control. Going forward, key support is placed around 24,400, while immediate resistance is seen near 24,900, with the view remaining cautious unless the index stabilizes near support levels.

BANKNIFTY

The index faced a sharp decline of 1.93% during the week, settling at 24,655. The week began with a gap-down opening on Monday, and while there was an initial attempt to sustain near-term support levels, persistent selling pressure emerged as the week progressed. Broader markets also mirrored this weakness, slipping lower and eventually closing at the week’s low. Adding to the downside, PSU banks, which had shown strong outperformance earlier, gave up gains toward the end of the week, amplifying market pressure. Looking ahead, key support is placed around 53,600, while resistance is seen near 55,000, with the broader trend likely to remain cautious unless stability is restored above immediate support.

TOP LOSING SECTOR

NIFTY IT was top losing sector for the week

Major losers were:-

COFORGE:- down by 14.3%

PERSISTENT:- down by 10.08%

TECH MAHINDRA:- down by 9.4%

TCS:- down by 8.52%

IMPORTANT NEWS

• Donald Trump's recent actions, including H-1B visa changes and pharmaceutical tariffs, have dealt a significant blow to Indian stock markets, thwarting a nascent rebound. This has led to foreign investor sell-offs and increased US-India tensions, resetting expectations for a year-end rally and raising concerns about economic growth.

• Just a day after HSBC upgraded Indian equities to ‘Overweight’ from ‘Neutral’ on the back of attractive valuations, supportive government policies and resilient domestic flows, the brokerage has now said that foreign institutional investors (FIIs) are likely to make a comeback after a lengthy 12-month absence.

• Over the last five trading sessions ending on September 26, the Nifty benchmark index dropped by 2.65%, closing at 24,654. This decline was continuous across all five sessions. During this period, 10 stocks within the Nifty50 index recorded losses in each of the five consecutive sessions. 

• Nifty's Pharma index saw a decline after US President Trump announced a 100 percent tariff on branded drugs from October 1. Analysts noted India's limited exposure to patented drugs in the US market. Most Indian firms focus on generic medicines, which are not affected by the new tariff. Major Indian players also operate manufacturing facilities within the United States.

• Nifty's Pharma index saw a decline after US President Trump announced a 100 percent tariff on branded drugs from October 1. Analysts noted India's limited exposure to patented drugs in the US market. Most Indian firms focus on generic medicines, which are not affected by the new tariff. Major Indian players also operate manufacturing facilities within the United States.