Stock Market Update: Nifty 50, Bank Nifty Outlook, Rupee Hits Lifetime Low | September 24, 2025

The market is once again trading under pressure. The GIFT Nifty is down by 153 points, reflecting mixed cues from global markets. Japan’s Nikkei index is down nearly half a percent, while the Dow Jones futures are showing mild positivity.

At present, the GIFT Nifty is trading near 25,190, almost in line with yesterday’s Nifty 50 closing of 25,170. On Tuesday, both the Nifty 50 and Sensex slipped sharply, while Bank Nifty managed to recover slightly, thanks to strong performance from Axis Bank and IndusInd Bank. ICICI Bank, however, witnessed some mild negative news.

F&O Top Gainers and Losers

Vodafone Idea once again topped the F&O gainers list, rising over 4%.
PNB Housing gained 4%, with an interesting technical setup on the charts.
AU Small Finance Bank climbed 3.4%.
Ashok Leyland was also up 3.5%.

On the losing side:

Saman Capital slipped 4.5% after a large bulk deal.
Godrej Consumers fell nearly 3%.
Mphasis also remained among the top losers.

Our channel will cover the details of major block and bulk deals in the morning update.

Metals & Commodities Rally

Precious and industrial commodities surged yesterday:

Crude Oil up 2%
Natural Gas up 1.5%
Gold gained 1.5%, breaching the 1,17,790.00 Indian Rupee
Silver closed near ₹1,35,000

Earlier, when Silver crossed ₹1,20,000, we highlighted the next major target as ₹1,50,000. The strong momentum suggests this level could be tested in the medium term.

Indian Rupee Hits Lifetime Low

The Indian Rupee plunged to an all-time low of 88.75 per dollar, edging closer to the ₹89–90 zone. The rupee also weakened against the Euro, British Pound, and Japanese Yen.

This decline is largely attributed to reduced forex inflows, as stricter entry barriers in the US are making overseas employment for Indians more difficult. Lower remittances are adding pressure on the domestic currency.

Nifty 50 & Bank Nifty Key Levels

Nifty 50 closed at 25,170, down 33 points yesterday.
Crucial support zone: 25,000
Resistance zone: 25,500
As long as the index trades in this band, range-bound movement is expected.

Bank Nifty:

Key support: 55,000
Resistance: 55,800–56,000
Closed at 55,510, up 225 points on Tuesday.

The Put-Call Ratio (PCR) stands at 0.97, while India VIX remains at a calm 10.63, indicating low volatility and a range-bound outlook.

FIIs & DIIs Activity

Foreign Institutional Investors (FIIs): Net sellers of ₹3,551 crore yesterday.
Domestic Institutional Investors (DIIs): Bought, but far lower than FII selling pressure.

Corporate & Stock-Specific Updates

Sudarshan Chemical: Q2 results show 87% profit growth and 296% revenue growth.
Swiggy to sell 23.31% stake in Rapido, a move seen as part of its business strategy.
Dilip Buildcon won a ₹1,015 crore project under the Kerala Industrial Corridor Development Corporation.
Bajaj Electricals acquired Morphy Richards kitchen appliance brand for ₹146 crore, considered a cheap yet valuable acquisition.
VIP Industries: MD resigned, paving way for a new leadership team, seen as a positive shift.
Lemon Tree Hotels acquired two new properties in Varanasi and Rewa under its Keys brand.
NDR InvIT Infra sold 6.68% stake, bought by ace investor Radhakishan Damani and family trusts with an investment of nearly ₹100 crore.
C S Systech bagged a ₹16 crore four-year order from MMRDA.
Wheels India: HDFC Mutual Fund purchased 1.27 lakh shares at ₹809.

Negative news:

ExxonMobil Chemicals plans to sell 5% stake worth ₹742 crore at ₹3,262 per share.
Puravankara’s CFO resigned, adding management pressure.
Saman Capital faced further weakness after Plutus Wealth sold shares worth ₹159 crore.

Stocks Under F&O Ban

Saman Capital
HDFC Life
Yes Bank

No fresh long or short positions are allowed in these counters today.

Outlook

With FIIs turning heavy sellers, the rupee hitting record lows, and volatility staying subdued, the market is expected to remain range-bound between 25,000 and 25,500 on Nifty 50. For Bank Nifty, 55,000 will act as a crucial support. Option writers are likely to dominate in this phase.