News

Nifty, Sensex end lower as IT stocks sink on US visa worriesThe NSE Nifty 50 index fell 0.49% to 25,202, while the S&P BSE Sensex dropped 0.56%, or 466 points, to 82,160. Market breadth remained weak, with the advance-decline ratio at 2:3, reflecting broad-based selling pressure across sectors.By Poonam Behura  September 22, 2025, 3:44:30 PM IST (Updated)2 Min ReadThe stock market closed lower on Monday, dragged down by a sharp selloff in information technology stocks after renewed concerns over H-1B visa rules in the United States, even as gains in Adani Group companies capped losses.

The NSE Nifty 50 index fell 0.49% to 25,202.

"The Nifty has been witnessing a pullback over the last two days, which is absolutely normal considering the 1,000-point rally that preceded it. In fact, such minor corrections are healthy for a sustained uptrend. In the short term, support is placed at 25,050, and the overall structure remains intact as long as the index holds above this level. A decisive break below 25,050 could extend the correction towards 24,800. On the upside, resistance is seen at 25,250. A move above this level could signal a resumption of the uptrend," Rupak De, Senior Technical Analyst at LKP Securities, said.

The S&P BSE Sensex dropped 0.56%, or 466 points, to 82,160. Market breadth remained weak, with the advance-decline ratio at 2:3, reflecting broad-based selling pressure across sectors.

The Nifty IT index slumped more than 3%, with all 10 constituents ending in the red. Large-cap IT majors like Infosys, TCS and Wipro dropped between 2% and 3%, while mid-cap names like Coforge and LTI Mindtree fell up to 5%.

“Renewed worries about U.S. visa norms could impact hiring and margins for Indian IT exporters at a time when demand recovery remains slow,” said a Mumbai-based analyst at a domestic brokerage.

Banking and financial stocks also slipped, with the Nifty Bank index down 0.3% and non-banking lenders like Bajaj Finance easing. Pharma names extended losses, with Cipla and Glenmark shedding 2-3%, weighing on the sectoral index.

Among gainers, Adani Group companies rose between 5% and 20%, extending Friday’s rally on continued buying interest from domestic and foreign funds. Muthoot Finance climbed 4% as gold prices hit fresh record highs, boosting sentiment for lenders against gold collateral.

Select order-driven names were also in demand, with NBCC and Netweb Technologies rising 4-6% after securing fresh contracts. Hindustan Copper jumped 6% on news of a mining lease extension, while shipbuilding stocks Garden Reach Shipbuilders and Shipping Corporation of India rose 3-4% after the sector was accorded infrastructure status.

Auto stocks were mixed after the implementation of a GST rate cut, leaving the Nifty Auto index down 0.3%.Continue ReadingFirst Published: Sept 22, 2025 3:43 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsClosing Bellshare market today