Stock Market Update: Nifty Falls 100 Points, Weekly Outlook Turns Cautious

Indian stock markets ended lower for the second consecutive session as profit booking and reduced weightage in heavyweights dragged indices into negative territory. Analysts now expect some retracement after nearly 12 straight sessions of gains.

Market Performance

Nifty 50 closed with a 100-point loss.

Bank Nifty declined 268 points.

Midcap and Smallcap indices traded largely flat.

Despite global cues remaining stable, domestic factors weighed on investor sentiment. U.S. Dow Jones futures gained about 20 points, Nasdaq was trading in the green, and GIFT Nifty also stayed positive.

Key Factors Behind Today’s Fall

1. US Sanctions on Iran: The U.S. reinstated sanctions on Chabahar Port, impacting related companies and creating negativity.
2. Heavyweight Stocks Rebalancing: Nifty 50’s weightage in Reliance Industries, HDFC Bank, and ICICI Bank was reduced, leading to outflows and pressure on these stocks. Reliance slipped around resistance levels near 1,420, HDFC Bank weakened from 980 levels, and ICICI Bank also fell about 1.5%.
3. Profit Booking Ahead of GST Rollout: With GST implementation scheduled for September 22, some traders began booking profits in anticipation.

Top Gainers and Losers

Gainers:

Adani Power surged 12%.

Anant Raj continued to rally, gaining strongly on government tax holiday benefits for data center firms and Noida expansion opportunities. The stock is 21% up in the last week.

Other gainers included Adani Enterprises (+5%), Adani Ports, SBI Life, Bharti Airtel, and Bank of Baroda.

Losers:

Jubilant Ingrevia fell 5%.

DCM Shriram, Paytm, Asahi India Glass were also among top losers.

In Nifty 50, ICICI Bank, Titan, and Trent declined sharply. Titan fell about 3% in one week, while Asian Paints and HUL also underperformed.

Special Mentions

Adani Ports: Despite strong fundamentals, the stock was pressured by U.S. sanctions on Iran, where it has investments.

Zomato: Radhakishan Damani and his wife acquired 47 million shares (0.49% stake). However, experts caution that the buying took place earlier around ₹300 levels. Investors are advised to “buy on rumor, sell on news.”

Shakti Pumps: Secured a ₹702 crore order under PM Kusum Yojana for solar-powered pumping systems, boosting optimism in the renewable energy space.

iPhone 17 Launch: Chaos was reported at an Apple store in Mumbai during the launch, where scuffles broke out as customers rushed to get devices.

Institutional Activity

On September 19:

FIIs bought shares worth ₹390 crore.

DIIs purchased ₹2,105 crore.

Net institutional buying stood at ~₹2,500 crore.

Upcoming Events

Weekly Outlook: With markets positive for 12 consecutive sessions earlier, experts warn of further profit booking in the coming week.

Muhurat Trading: Scheduled on October 21, 2025, from 6:15 PM to 7:15 PM on Diwali. Investors are encouraged not to miss this auspicious session.