Market Recap: Friday, September 26, 2025

Overall Market Movement

• The Nifty 50 closed at 24,654.70, down 236.15 points or -0.95 %.
• The Sensex also ended sharply lower, dragged down by broad-based selling, especially in pharma and IT stocks.
• This marked the seventh straight session of decline for benchmark indices, extending the recent bearish momentum.

Key Drivers & Sectoral Highlights

Weak global cues & tariff shock in pharma

• Investor sentiment was hit after the U.S. announced a 100 % import tariff on branded and patented pharmaceutical products, effective October 1.
• The Nifty Pharma index plunged nearly 2.4 %, making it the worst-performing sector of the day.

IT under pressure

• IT stocks came under heavy selling after muted revenue guidance from Accenture signaled weaker growth prospects.
• Additional concerns over changes in U.S. visa (H-1B) regulations added pressure on technology exporters.

Banking, financials & others

• The Nifty Bank index fell by about 1.07 %, reflecting weakness in financials.
• Among major stocks:
  • SBI slipped around 0.48 %
  • Axis Bank declined 1.02 %
  • Maruti Suzuki was nearly flat, up 0.10 %
  • Wipro dropped 2.60 %
  • Hindustan Unilever fell 1.04 %
• Mid- and small-cap indices also ended in the red, showing weakness across the broader market.

Market Stats & Other Metrics

• The total market capitalization of NSE-listed companies stood at approximately ₹ 447.23 lakh crore (around $5.04 trillion).
• In futures, GIFT Nifty (30 Sep contract) traded at 24,766.50, up 61.50 points or 0.25 % in post-market trade.
• The day’s decline of −236.15 points [Nifty 50] reaffirmed the weak sentiment in large-cap indices.

Outlook / Key Levels to Watch

• Technical charts suggest markets may remain under pressure as long as the Nifty trades below the 25,000 resistance zone.
• The immediate support is seen at 24,500.
• Any escalation of global trade concerns, particularly around pharma tariffs, could intensify the selling pressure. However, positive global cues or relief on the tariff front could trigger a short-term bounce.

The Benchmark Index Nifty 50 Outlook For 29 Sep, 2025

The benchmark index Nifty continues to remain under pressure after logging a seventh straight session of decline. On Friday, the index closed below the 24,700 mark, confirming weakness in momentum. While a short-term bounce cannot be ruled out, such upside is likely to trigger profit booking at higher levels.

Technical Outlook

• Closing Below 24,700: Indicates weakness in the overall trend.
• Resistance at 24,800: Unless Nifty sustains above this crucial level on a closing basis, the bias remains negative.
• Upside Potential: A close above 24,800 could open the door for a rally towards 25,000.
• Downside Risks: Breaching 24,500 may trigger further selling pressure towards 24,300.

Key Level	Observation
25,000	Major Resistance
24,800	Crucial Resistance (closing basis required for upside)
24,700	Previous Closing (below indicates weakness)
24,500	Strong Support / Pivot Level
24,300	Next Downside Target if 24,500 breaks

Option Chain Analysis (as of Sept 26)

Strike Price	Call OI (Resistance)	Put OI (Support)	Interpretation
25,000	Highest Call OI	–	Strong resistance; heavy call writing
24,800	Significant Call OI	–	Crucial hurdle for upside
24,500	–	Highest Put OI	Strong support; pivot level

• PCR (Put-Call Ratio): 0.52 → Reflects bearish sentiment, but also indicates the market may be entering an oversold condition in the short-term.
• India VIX: Surged over 6% intraday to 11.43, suggesting heightened volatility ahead.

Macro & Event Triggers

• RBI Monetary Policy: Scheduled at the end of the month.
• Possible Rate Cut: If announced, it may provide a positive stance and lift investor sentiment.
• Global Cues: Remain crucial; volatility could intensify with international developments.

Outlook for Monday

• Bias: Negative below 24,800
• Upside Scenario: Sustained close above 24,800 → Target 25,000
• Downside Scenario: Breach of 24,500 → Target 24,300
• Volatility: Expected to remain elevated due to rising India VIX and upcoming RBI event

Nifty 50	Intraday Support [29 SEP]	Intraday Resistance [29 SEP]
1.	24570	24780-24800
2.	24500	24850

⚠️ Disclaimer

This analysis is purely for educational and informational purposes. It should not be considered as investment or trading advice. Stock markets are subject to risks, and investors/traders should consult their financial advisors before making any investment decisions. Catchy Capital will not be responsible for any losses arising out of decisions based on this report.