Stock Market Update Today: Expiry Day Begins Range-Bound; Gift Nifty Trades Negative
The Indian stock market opened on a cautious note on Thursday, 25 September 2025, which also happens to be the monthly F&O expiry day. Gift Nifty was seen trading 47 points lower at 25,572, indicating a mildly negative start.
Market experts suggest that the bulk of volatility was already triggered yesterday, when both Nifty 50, Bank Nifty and Sensex closed near their day’s lows. Hence, operators are likely to keep the market range-bound today, with an emphasis on premium decay for option writers.
Despite the negative opening, Asian markets and Dow Jones futures were trading positive, reflecting global support. Analysts believe that while the market may remain under pressure in the first half, some recovery could emerge towards the close.
Key Takeaways from Yesterday
- Technology sector gained nearly 3%, while Food & Beverages rose 2%.
- Among top gainers were Pidilite Industries and Indian Bank.
- On the losing side, Godrej Properties and Adani Transmission slipped 4% each, while PB Fintech also witnessed heavy selling.
Gold, Silver and Crude Oil Update
- Gold corrected by 1% after a sharp rally over the past year, where it already delivered 50% returns. Analysts warn that at current levels, gold offers limited value compared to potential business investments.
- Silver remained flat near ₹1,35,000, while crude oil surged 2.5% yesterday.
Currency Market
- The Indian Rupee continues to hover around lifetime lows but showed mild strength yesterday against USD and EUR, providing temporary relief.
Nifty and Bank Nifty Levels
- Nifty 50 closed 113 points lower at 25,557.
- Key support: 25,000
- Resistance: 25,150 (non-tradable zone until breakout on either side)
- Bank Nifty closed at 55,121, down 38 points.
- Support near 55,000
- Resistance around 56,000
FII/DII Data & Volatility Index
- FIIs sold shares worth ₹2,426 crore, while DIIs bought ₹1,212 crore yesterday.
- India VIX fell to 10.52 from 10.63, showing no spike despite the fall.
- Put-Call ratio declined to 0.87, indicating an increase in call writing as the market stays in a range.
IPO Frenzy Impacting Liquidity
Currently, 25 IPOs are open in the Indian market, which analysts say could suck liquidity out of equities. While listing gains remain attractive, investors are advised to book profits on listing day unless the company has strong fundamentals.
For instance, niche players like Urban Company may be worth long-term investment, but IPOs such as Anand Rathi Wealth raise questions on sustainability when established alternatives like Angel One already exist.
Stock-Specific Updates
- Lupin: Received USFDA approval for its HIV drug from the Nagpur facility.
- Indian Hotels: Announced plans to build a new 310-room luxury property in Visakhapatnam.
- Yes Bank: Japan’s SMBC raised its stake to 4.22%.
- Akzo Nobel: Promoter Imperial Chemical sold a 5% stake, picked up by marquee investors including Nippon AMC, Goldman Sachs, Aditya Birla AMC, and Bandhan MF.
- Paradeep Phosphates: Promoter Zari Group purchased 97.5 lakh shares (1.2% stake) at ₹1,882.
- Ganesh Infra: BNP Paribas acquired 2.5 lakh shares.
- Triple A Technologies: NOV Global bought 2.21 lakh shares (1.73% stake).
Negative Developments
- Regal: Promoter PPK Global sold 7 lakh shares at ₹96.25.
- Puravankara: CFO resigned.
- Kesoram Industries: Axis Bank sold 20.66 lakh shares at ₹5.96.
Stocks in F&O Ban List
- Saman Capital, HFCL, and RBL Bank remain under F&O trading ban.
Bottom Line
The expiry session is expected to remain range-bound with premium decay in focus. Traders are advised to adopt option writing strategies and avoid aggressive directional bets. Meanwhile, investors participating in IPOs must book listing gains promptly to safeguard liquidity.
