Nifty below 25k, Sensex declines 556 points on monthly expiry

The domestic share market extended their losing streak to a fifth session on Thursday,with the Nifty closing below 25,000 weighed down by IT, banking, and realty shares, while metals offered some support to limit losses amid  persistent foreign outflows and worries over U.S. visa constraints weighed on sentiment.At close, the Sensex was down 555.95 points or 0.68 percent at 81,159.68, and the Nifty was down 166.05 points or 0.66 percent at 24,890.85. About 1405 shares advanced, 2586 shares declined, and 125 shares unchanged.
Bharat Electronics, Hindalco, Axis Bank, ONGC, Hero MotoCorp were the top gainers on the Nifty, while losers included Tata Motors, Trent, Shriram Finance, TCS, Power Grid.On the sectoral front, except metal (up 0.22%), all other indices ended in the red with consumer durables, auto, power, IT, realty down 1% each.BSE Midcap and Smallcap indices down 0.7% each.
Rupee Close: 
On 25 Sep'25,the Indian rupee closed 2 paise higher to close at 88.67 against the US dollar on Thursday,due to suspected RBI intervention amid a strong US dollar and weak domestic markets.Forex traders said the H1-B visa fee hike and surge in crude oil prices pressured the rupee. However, the selling of greenbacks by exporters and reports of intervention by the RBI prevented a sharp fall in the domestic unit.Moreover, investors remained concerned over global trade uncertainties and the impact of the US visa fee hike on India's IT services exports.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated,Indian markets extended its losing streak for a fifth straight session as investors booked profits amid persistent FII outflows and uncertainty over US-India trade talks, which is expected to dent Q2 GDP growth.Broad based selling prevailed in the market with heavy selling across auto, IT, pharma, and healthcare sectors, while metals gained on the back of China’s liquidity support and copper supply concerns. Overall, sentiment remains cautious ahead of India’s H2FY26 borrowing and US macroeconomic data, expected to be released over the end of the week.
Market experts recommended five stocks to buy on Thursday-NLC India, MTAR Technologies, Cupid, Carraro India, and Medi Assist Healthcare Services.

(Business Correspondent)