Last Updated on September 22, 2025 10:40 pm by BIZNAMA NEWS
Adani, Bajaj Finance Shine Even as Broader Market Slips
Domestic stock markets ended sharply lower on Monday as investor sentiment turned jittery after US President Donald Trump announced higher fees for H-1B visas. The move triggered broad-based selling, particularly in information technology counters that rely heavily on US markets.
Benchmark Indices
The BSE Sensex closed at 82,160, down 466 points (0.56%), while the Nifty50 settled at 25,202, a loss of 125 points (0.49%).
Sectoral Performance
- Information Technology (Nifty IT -3%): The sharpest decline came from IT stocks as outsourcing firms face the risk of higher operational costs and tighter visa norms. Tech Mahindra, TCS, Infosys, Wipro, and HCL Tech fell between 2–3%.
- Pharma (Nifty Pharma -1.4%): Selling pressure extended to major pharma players including Cipla and Dr. Reddy’s Labs.
- FMCG (Nifty FMCG -0.5%): Defensive counters also saw mild weakness.
- Metals (Nifty Metal +0.5%): Bucking the trend, metal stocks gained amid positive global commodity cues.
- Other Sectors: Reliance Industries, IndusInd Bank, Tata Motors, Trent, and Jio Financial Services ended among key losers, while Adani Enterprises, Adani Ports, Bajaj Finance, Eternal, and Ultratech Cement closed with gains up to 4%.
Broader Market & Volatility
The Nifty MidCap index dropped 0.67%, while the Nifty SmallCap index shed 1.17%, showing sharper pain in smaller counters. Market volatility rose significantly, with the India VIX climbing 5.8%, reflecting heightened investor nervousness.
Outlook
Analysts note that IT companies could see near-term earnings pressure if the new H-1B fee regime significantly raises costs. While global cues remain supportive for metals and select financials, overall market sentiment is likely to stay volatile until clarity emerges on the US visa policy.
