The Indian stock market on 23 September 2025 witnessed mixed and volatile performance with the BSE Sensex closing slightly lower by 57.87 points (0.07%) at 82,102.10 after touching an intra-day low around 81,776, reflecting cautious investor sentiment.
Nifty50 traded below 25,200 by market close, recovering from earlier losses but overall showing signs of dented retail investor confidence amid macroeconomic concerns.
Profit booking was visible across indices with IT sector notably down by about 3%, while energy sector showed relative strength gaining approximately 7%, reflecting divergent investor preferences.
Mid and small-cap stocks exhibited comparatively more weakness, indicating selective risk aversion among retail investors and fund managers on this day.
Market movements were influenced broadly by global uncertainties and domestic policy developments, including concerns about rising US H-1B visa costs and their impact on Indian IT outsourcing firms.
Key Indices
NIFTY 50
25,170
-0.13%
SENSEX
82,113.78
-0.06%
Momentum Snapshot
Index
Price
1D
1M
1Y
Sensex
82,113.78
-0.06%
0.59%
-3.30%
Nifty 50
25,170
-0.13%
1.20%
-2.97%
Nifty Midcap 100
58,497
-0.35%
1.50%
-3.65%
Nifty Next 50
69,643
-0.46%
3.11%
-9.21%
Nifty Smallcap 250
17,256
-0.52%
1.21%
-7.34%
Sector Highlights
PSU Bank
+1.09%
PSU Bank sector rose 1.09% led by a rebound in Bank Nifty, recovering about 500 points from day's low, driven by positive investor sentiment on government initiatives supporting public sector lending and expectations of improved asset quality amidst stable macroeconomic outlook.
Metal
+1.00%
Metal sector gained 1.00% supported by a rise in global commodity prices including steel and aluminium, and upbeat domestic demand outlook. Metals stocks rose following positive order wins in related infrastructure projects and a firming in raw material prices.
Auto
+0.62%
Auto sector increased by 0.62%, bolstered by improved quarterly earnings from major auto manufacturers and expectations of sustained demand recovery. Additionally, easing supply chain disruptions and favorable export orders contributed to modest gains.
Realty
-0.89%
Realty sector declined 0.89% on profit booking after recent rallies and concerns over rising construction costs due to increasing prices of key inputs like cement and steel. Slower new project launches and cautious buyer sentiment amid financing cost hike also weighed.
FMCG
-1.29%
FMCG sector dropped 1.29% impacted by margin pressures from rising commodity costs such as edible oils and packaging materials, coupled with moderation in rural demand growth. Profit booking in select large-cap FMCG stocks after recent outperformance contributed to the decline.
Sector Scoreboard
Sector
1D
1W
1Y
3Y
PSU Bank
+1.09%
+3.83%
+11.21%
+131.80%
Metal
+1.00%
+1.40%
+6.64%
+64.39%
Auto
+0.62%
+1.47%
+2.88%
+103.85%
Realty
-0.89%
+1.76%
-16.34%
+104.77%
FMCG
-1.29%
-0.96%
-14.97%
+24.24%
Movers of the Day
Top Nifty Gainers
IndusInd Bank
2.85%
IndusInd Bank rose 2.85% due to investor confidence driven by private sector banking strength amidst broader market challenges.
Axis Bank
2.31%
Axis Bank gained 2.31%, reflecting optimism in private lending growth and asset quality improvements.
Adani Enterpris
2.26%
Adani Enterprises advanced 2.26% following renewed investor focus on infrastructure and energy sector resilience.
JSW Steel
1.92%
JSW Steel climbed 1.92% amid favorable global metal supply conditions and local demand growth.
Bajaj Finance
1.89%
Bajaj Finance increased 1.89%, reflecting buoyant sentiment in financial stocks post strong rally in private banks.
Top Nifty Losers
Trent
-2.38%
Trent fell by 2.38% due to profit booking after sustained strength in retail-oriented stocks.
Tech Mahindra
-2.23%
Tech Mahindra slipped 2.23% as concerns over H-1B visa fee hikes dampened IT sector sentiment.
SBI Life Insura
-2.06%
SBI Life Insurance declined 2.06%, likely affected by cautious investor sentiment in the insurance sector amidst market volatility.
HUL
-1.94%
HUL dropped 1.94%, reflecting challenges in sustaining demand momentum in the FMCG sector.
UltraTechCement
-1.76%
No significant updates available for this stock.
Stock Spotlight Of The Day
IndusInd Bank
Market Cap
58,864 Cr
Current Price
₹755
Stock P/E
50.1
Dividend Yield
2.18%
ROCE
6.49%
ROE
4.15%
Shareholding Changes (Impact Factors)
FIIs
QoQ
4.15%
YoY
-4.72%
Positive foreign sentiment
DIIs
QoQ
-3.14%
YoY
3.49%
Mild domestic selling
Promoters
QoQ
-0.01%
YoY
-0.56%
Minor reduction
Quarterly Summary (Absolute)
Revenue
QoQ
Solid pickup
15.33%
YoY
Flat trend
-2.26%
Expenses
QoQ
Reduced
-11.5%
YoY
Costs rising
18.3%
Net Profit
QoQ
Collapsed
-130.59%
YoY
Collapsed
-68.22%
Profit & Loss (Compounded)
Sales Growth
10 Years
18%
5 Years
11%
3 Years
16%
TTM
2%
Profit Growth
10 Years
4%
5 Years
-10%
3 Years
-17%
TTM
-87%
Stock Price CAGR
10 Years
-2%
5 Years
9%
3 Years
-14%
1 Year
-48%
Return on Equity
10 Years
12%
5 Years
10%
3 Years
11%
Last Year
4%
Fundamental's Corner
The fundamentals highlight weakness as profits have sharply decelerated with TTM profit growth at -87% and ROE dropping to 4%, a significant decline from its historical averages. While sales growth has historically been strong, its recent trend of just 2% TTM raises concerns about stagnation.
Despite a high P/E ratio of 50.1, recent quarterly results show net profits plummeting YoY by 68.22%, implying overvaluation relative to weak earnings performance. Retail investors should exercise caution, as the combination of deteriorating profitability, slowing growth, and expensive valuations suggests limited upside in the near term.
News TidBits
IndusInd Bank gained 2.85%, demonstrating strong sentiment within the private banking sector amid broader market volatility.
The rally reflects improved confidence in asset quality and sustained loan growth, coupled with sectoral strength among peers.
Recent regulatory measures and easing liquidity conditions have provided tailwinds for private lenders like IndusInd Bank.
Market participants appear to be positioning ahead of quarterly earnings expectations, which could further reinforce the rally.
IndusInd Bank's strong performance indicates resilience in financial stocks and improved investor interest in private lending institutions.
Stacks on Stacks: Tip Time 🤑
Successful investing often means staying humble and understanding that markets can surprise at any time—overconfidence leads to blind spots.
Inside The Fund
ICICI Prudential Value Fund
Fund Size: ₹ 53750.43 Cr
NAV: ₹ 523.6 (as on 22nd September, 2025)
1 Year
1.92%
Category: -3.02%
2 Year
21.76%
Category: 20.12%
3 Year
23.01%
Category: 20.68%
5 Year
27.51%
Category: 25.22%
10 Year
16.61%
Category: 15.79%
Stocks Added
Stock
Sector
1M Change
Kotak Mahindra Bank Ltd.
Private sector bank
0.29%
Phoenix Mills Ltd.
Residential, commercial projects
0.10%
Voltas Limited
Household appliances
0.02%
TVS Motor Company Ltd. - Preference Shares
2/3 wheelers
0.01%
Stocks Removed
Stock
Sector
1M Change
Reverse Repo
Other
-2.75%
InterGlobe Aviation Ltd.
Airline
-0.47%
Bond - Aditya Birla Housing Finance Ltd.
Housing finance company
-0.37%
Bond - Aditya Birla Capital Ltd.
Life insurance
-0.19%
UPL Ltd. - Partly Paid
Pesticides & agrochemicals
-0.09%
Kalpataru Power Transmission Ltd.
Civil construction
-0.08%
Top 10 Holdings
Stock
Holding %
1M Change
Reliance Industries Ltd.
7.42%
-0.19%
ICICI Bank Ltd.
6.62%
-0.40%
HDFC Bank Ltd.
6.38%
-0.39%
Infosys Ltd.
6.24%
1.05%
Sun Pharmaceutical Industries Ltd.
4.47%
0.48%
Axis Bank Ltd.
4.22%
-0.07%
State Bank Of India
4.07%
0.03%
Tata Consultancy Services Ltd.
3.85%
0.47%
Larsen & Toubro Ltd.
3.54%
-0.04%
Maruti Suzuki India Ltd.
3.24%
-0.01%
The Common Ground
Shows the commonly added & removed stocks by mutual funds last month
Top Added (2)
-TVS Motor Company Ltd. - Preference Shares
2 funds
ICICI Prudential Large Cap Fund - Direct Plan - Growth
0.00%
Aditya Birla Sun Life Large Cap Fund - Direct Plan - Growth
0.00%
TVS Motor Company Ltd. - Preference Shares
2 funds
Axis Large Cap Fund - Direct Plan - Growth
0.01%
Canara Robeco Large Cap Fund - Direct Plan - Growth
0.01%
Top Removed (4)
Hero Motocorp Ltd.
2 funds
DSP Large Cap Fund - Direct Plan - Growth
-2.35%
DSP Large Cap Fund - Direct Plan - Growth
-2.35%
Eicher Motors Ltd.
2 funds
DSP Large Cap Fund - Direct Plan - Growth
-0.83%
DSP Large Cap Fund - Direct Plan - Growth
-0.83%
Margin
2 funds
DSP Large Cap Fund - Direct Plan - Growth
-0.16%
DSP Large Cap Fund - Direct Plan - Growth
-0.16%
Hindalco Industries Ltd.
2 funds
Nippon India Large Cap Fund - Direct Plan - Growth
-0.39%
Motilal Oswal Large Cap Fund - Direct Plan - Growth
-0.34%
Top News Developments
Sharp Increase in H-1B Visa Fees Impacting Indian IT Sector
The US government's hike in H-1B visa fees increases costs for Indian IT firms, putting pressure on profitability.
This policy change could accelerate automation adoption and diversification strategies among Indian IT exporters.
Investor sentiment weakened in the IT sector, with margin compression expected to affect discretionary spending globally.
IndusInd Bank and Axis Bank Lead Gains Amid Banking Sector Strength
Private sector banks like IndusInd Bank and Axis Bank demonstrated strong momentum, buoyed by asset quality confidence.
Improved loan growth and potential policy easing from the RBI contributed significantly to the banking rally.
Birla Corporation Shares Surge Following Subsidiary Announcement
Birla Corporation rose 1.6% amid positive strategic developments involving its subsidiary.
This aligns with India's infrastructure expansion, likely boosting cement demand and sector sentiment.
The announcement reflects competitive positioning in construction materials, attracting both institutional and retail investor interest.
FII / DII Snapshot
Yesterday
FII Net: ₹-2910.09 cr
DII Net: ₹2582.63 cr
August 2025
FII Net: ₹-46902.92 cr
DII Net: ₹94828.55 cr
Daily Flows
Date
FII Net
DII Net
22-Sep-2025
₹-2910.09 cr
₹2582.63 cr
19-Sep-2025
₹390.74 cr
₹2105.22 cr
18-Sep-2025
₹366.69 cr
₹3326.56 cr
17-Sep-2025
₹-1124.54 cr
₹2293.53 cr
16-Sep-2025
₹308.32 cr
₹1518.73 cr
Monthly Flows
Month
FII Net
DII Net
August 2025
₹-46902.92 cr
₹94828.55 cr
July 2025
₹-47666.68 cr
₹60939.16 cr
June 2025
₹7488.98 cr
₹72673.91 cr
May 2025
₹11773.25 cr
₹67642.34 cr
April 2025
₹2735.02 cr
₹28228.45 cr
March 2025
₹2014.18 cr
₹37585.68 cr
• On September 22, 2025, FIIs sold ₹12,454.78 crore while buying ₹9,544.69 crore, resulting in a net outflow of ₹2,910.09 crore. DIIs demonstrated contrasting behavior, with buying significantly outpacing selling, leading to a net inflow of ₹2,582.63 crore. This pattern is indicative of sustained DII confidence in domestic equities even as FIIs remain cautious amidst global uncertainties.
IPO Watchlist
Ongoing IPOs
Seshaasai Technologies has attracted strong retail interest with early subscriptions crossing 1.02x, backed by promising growth in payment cards manufacturing.
Jaro Institute IPO remains moderately subscribed at 0.92x, reflecting cautious investor sentiment amidst broader market volatility.
Atlanta Electricals achieved robust subscription levels of 3.15x before closure, reflecting investor confidence in electrical equipment growth.
Jaro Institute
450.00
Date: 23 Sept - 25 Sept
List: 30 Sept
Subscription: 0.92x
GMP: 13.82%
Seshaasai Technologies
813.07
Date: 23 Sept - 25 Sept
List: 30 Sept
Subscription: 1.02x
GMP: 17.73%
Anand Rathi Share
745.00
Date: 23 Sept - 25 Sept
List: 30 Sept
Subscription: 0.45x
GMP: 8.45%
Solarworld Energy Solutions
490.00
Date: 23 Sept - 25 Sept
List: 30 Sept
Subscription: 1.29x
GMP: 18.52%
Atlanta Electricals
687.34
Date: 22 Sept - 24 Sept
List: 29 Sept
Subscription: 3.15x
GMP: 14.59%
Upcoming IPOs
Advance Agrolife IPO opens on September 30, emphasizing growth potential in agricultural solutions amid steady sector demand.
Om Freight Forwarders’ IPO plans to raise ₹122.31 crore, focusing on logistics expansion and operational efficiency.
TruAlt Bioenergy IPO aims to raise ₹839.28 crore, targeting India's renewable energy push with promising capacity expansion plans.
Advance Agrolife
192.86
Date:30 Sept - 3 Oct
List:8 Oct
Subscription: -
GMP: 0.00%
Om Freight Forwarders
122.31
Date:29 Sept - 3 Oct
List:8 Oct
Subscription: -
GMP: 7.41%
Pace Digitek
819.15
Date:26 Sept - 30 Sept
List:6 Oct
Subscription: -
GMP: 11.42%
Jinkushal Industries
116.15
Date:25 Sept - 29 Sept
List:3 Oct
Subscription: -
GMP: 42.15%
TruAlt Bioenergy
839.28
Date:25 Sept - 29 Sept
List:3 Oct
Subscription: -
GMP: 11.69%
Cha-Ching Cheatsheet 💵
Patience is a form of strength in investing; it often reveals inefficiencies in others' decisions that you can capitalize on.
Global Markets
Country
Index
1D
1Y
3Y
🇮🇩 Indonesia
Jakarta Composite
1.05%
4.49%
12.55%
🇫🇷 France
CAC
0.65%
4.97%
33.16%
🇰🇷 South Korea
KOSPI
0.50%
33.92%
59.04%
🇺🇸 USA
S&P 500
0.44%
17.05%
81.24%
🇩🇪 Germany
DAX
0.30%
25.2%
88.3%
🇸🇬 Singapore
Straits Times
0.12%
18.25%
31.86%
🇬🇧 UK
FTSE
0.05%
11.76%
28.94%
🇯🇵 Japan
Nikkei 225
0.00%
18.73%
65.84%
🇮🇳 India
GIFT NIFTY
-0.02%
-2.69%
45.6%
🇭🇰 Hong Kong
Hang Seng
-0.54%
43.6%
44.38%
🇹🇭 Thailand
SET Composite
-0.73%
-12.61%
-18.93%
🇨🇳 China
Shanghai Composite
-0.90%
38.03%
22.05%
Global markets showed volatility on 23 September 2025, with concerns around US regulations such as increased H-1B visa fees impacting technology outsourcing sectors including those in India.
Rising interest rates in major economies and trade policy uncertainties led to cautious sentiment globally, feeding into Indian market volatility.
Commodities, particularly energy and metals, experienced price fluctuations underpinning the relative outperformance of Indian energy stocks.
Geopolitical tensions and supply chain disruptions worldwide contributed to uneven global equity performance, causing investors to recalibrate risk exposure.
Developments in US-China trade relations and currency movements continued to affect emerging markets, including India, due to their influence on exports and foreign investment flows.
Emerging Opportunities
Energy sector stands out as a promising investment opportunity driven by favorable policy developments, commodity price dynamics, and increasing focus on renewables and infrastructure.
Non-ferrous metals and related manufacturing companies are gaining interest due to supply-demand imbalances, rising utilization in sectors like electric vehicles and semiconductors.
Select mid and small-cap companies in non-IT export-oriented industries offer contrarian opportunities amid current risk aversion.
PSU banks, supported by recent government policies and improving asset quality, are positioned for medium-term growth, attracting investor attention.
The green technology and sustainable infrastructure space, buoyed by government incentives and increasing climate-conscious investments, show strong medium to long-term potential.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$113050
$2.25T
0.16%
-8.97%
Ethereum (ETH)
$4195.49
$506.52B
0.17%
-15.17%
Tether (USDT)
$1.001
$172.87B
0.02%
-24.36%
XRP (XRP)
$2.87
$171.47B
1.79%
-21.38%
BNB (BNB)
$1002.8
$139.57B
-1.65%
-7.28%
Bitcoin saw a minor 0.16% price hike, but its overall momentum remains subdued as global liquidity flows shift toward traditional equity markets.
XRP gained 1.79%, reflecting investor confidence in emerging use cases amidst broader crypto sector consolidation.
BNB faced a 1.65% decline, possibly due to competitive headwinds and concerns over ecosystem vulnerabilities in the current crypto environment.
Inside The Fund
