Mumbai, Sep 22: The Indian benchmark indices opened marginally lower on Monday, despite positive global cues, with IT stocks leading losses owing to some concerns over the new US H-1B visa rules.

As of 9.26 am, the Sensex was down 189 points, or 0.23 per cent at 82,772 and the Nifty was down 40 points, or 0.16 per cent at 25,286. Sensex and Nifty had opened with dips of 0.40 per cent and 0.33 per cent respectively, but later cut down on the losses.

IT giants such as Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Tech Mahindra, and Coforge slipped in the morning trade.

The US government has clarified that visa holders returning to the country are exempt from the new $100,000 fee, which provided marginal relief to Indian IT companies.

White House said the visa fee would be a one-time payment, applicable only to new applications from the next lottery cycle (March–April 2026), and not on renewals.

The broad cap indices Nifty Midcap 100 dipped 0.05 per cent, and the Nifty Smallcap 100 lost 0.12 per cent.

The losers were Tech Mahindra, TCS, Tata Motors, Apollo Hospitals and Dr Reddy’s Labs.

Among sectoral indices, Nifty IT, the top loser, lost 2.68 per cent. Nifty Pharma (down 0.45 per cent) and Nifty Healthcare (down 0.33 per cent) also weighed down on the indices. All other sectoral indices were trading with marginal gains.

The Nifty index has held firmly above the 25,300 mark, closing at 25,327 in the previous session. It continues to trade above its key moving averages—the 20-day, 50-day, and 200-day EMAs—reaffirming the broader bullish undertone.

Analysts predicted that sentiment will remain positive as long as the index remains above these averages. Immediate resistance is placed at 25,500, followed by the 25,600 and 25,850 zones. The support lies at 25,150 and 25,000 zones.

They said that the market is likely to exhibit mixed behaviour, with the IT sector being affected by the H-1B visa issue and domestic consumption themes responding positively to the potential increase in consumption from lower GST rates kicking in from today.

According to them, the present low interest rate regime will aid the consumption boost and will also facilitate an increase in credit demand, boosting the profitability of financials.

Asia-Pacific markets mostly rose on Monday, tracking Wall Street’s gains from Friday and boosted by China’s key lending rate decision that kept key rates unchanged.

In the US markets, Nasdaq has added 0.72 per cent, the S&P 500 edged up 0.49 per cent, and the Dow inched up 0.37 per cent in the last trading session.

Most of the Asian markets were trading in the green during the morning session. While China’s Shanghai index edged up 0.07 per cent, and Shenzhen advanced 0.17 per cent, Japan’s Nikkei added 1.45 per cent, while Hong Kong’s Hang Seng Index lost 0.82 per cent. South Korea’s Kospi added 1.06 per cent.

On Friday, foreign institutional investors (FIIs) purchased equities worth Rs 390 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 2,105 crore.

Mumbai, Sep 19: The Indian benchmark indices opened marginally lower on Friday, with IT stocks leading the losses in early trade.

As of 9.26 am, Sensex was down 241 points or 0.29 per cent at 82,772 and Nifty was down 63 points or 0.25 per cent at 25,360.

The US Federal Reserve resumed interest rates cut cycle by reducing rates by 25 basis points but the outlook on further easing in the months ahead failed to meet the investors’ dovish expectations, while markets awaited more cues into US policy path, according to analysts.

Nifty Midcap 100 inched up by 0.16 per cent, and the Nifty Small cap 100 lost 0.04 per cent.

Hero MotoCorp, Shriram Finance, Maruti Suzuki, NTPC, Tech Mahindra were among major gainers on Nifty, while losers were ICICI Bank, Bajaj Finance, Tata Consumer and Titan Company.

Among sectoral indices, Nifty IT, the top loser, lost 0.40 per cent. Nifty FMCG and Nifty Private bank also weighed down on the indices. Except Nifty Realty and PSU Bank all other sectoral indices were trading in the red or with marginal gains.

The Nifty50 held firmly above the 25,400 mark in the previous session, signalling investor confidence with upside momentum intact.

Analysts said that while buying interest is visible at lower levels, the 25,500–25,600 zone remains a stiff hurdle on the upside. On the downside, support is placed at 25,300–25,100 for any minor pullback.

“Market is on an uptrend and is well positioned to set new records soon. Fundamentals, technicals and sentiments are favourable for a steady uptrend. Earnings are likely to improve from Q3 onwards. Technically, short covering is happening and can accelerate,” said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

From the market sentiment perspective, a US-India trade deal without the penal tariff and a lower reciprocal tariff is likely, he added.

Major US indices made gains overnight as the Nasdaq added 0.94 per cent, the S&P 500 edged up 0.48 per cent and the Dow inched up 0.27 per cent.

Most of the Asian markets were trading in the green during the morning session. While China’s Shanghai index dipped 0.12 per cent, and Shenzhen advanced 0.23 per cent, Japan’s Nikkei edged up 0.77 per cent, while Hong Kong’s Hang Seng Index moved up 0.12 per cent. South Korea’s Kospi lost 0.46 per cent.

On Thursday, foreign institutional investors (FIIs) purchased equities worth Rs 366 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 3,326 crore.

Mumbai, Sep 18: The Indian equity indices extended the gaining momentum for the third consecutive session on Thursday amid buying in IT stocks after the US Fed announced a rate cut.

Sensex closed at 83,013.96, up 320.25 points or 0.39 per cent.

The 30-share index opened with a decent gap-up at 83,108.92 against the last session’s closing of 82,693.71 after the US Fed announced a rate cut. However, the index remained range-bound throughout the session amid a mixed approach across sectors except IT.

Nifty ended the session at 25,423.60, up 93.35 points or 0.37 per cent.

“Global equities traded in the green after the U.S. Federal Reserve cut rates by 25 bps to 4–4.25 per cent and signalled two more reductions this year to cushion rising job market risks. Mirroring the upbeat global sentiment, Indian markets opened with a positive gap-up and maintained a sideways trajectory through the first half of the session,” Ashika Institutional Equities said in a note.

Eternal, Sun Pharma, Infosys, HDFC Bank, PowerGrid, HCL Tech, ITC, Hindustan Unilever, Tata Steel, Axis Bank and Bajaj FinServ settled high amid the Sensex stocks. Bajaj Finance, Tata Motors, Trent, Ultratech Cement, and Asian Paints ended the session in negative territory.

The majority of sectoral indices remained in green amid value buying. Nifty Fin Services jumped 135 points or 0.51 per cent, Nifty Bank rose 234 points or 0.42 per cent, Nifty Auto moved up 34 points or 0.13 per cent, Nifty FMCG jumped up 201 points or 0.36 per cent, and Nifty IT surged 303 points or 0.83 per cent.

Broader indices continued their bullish run amid buying in midcap and small-cap stocks. Nifty Small Cap 100 jumped 53 points or 0.29 per cent, Nifty Midcap 100 increased 224 points or 0.38 per cent, and Nifty 100 ended the session 91 points or 0.35 per cent high.

“Rupee closed weaker by 0.26 at 88.09 despite the dollar index staying soft post-Fed policy, where a rate cut was announced but forward guidance remained mixed as the roadmap for further cuts was unclear and data-dependent on jobs,” said Jateen Trivedi of LKP Securities.

The rupee failed to gain as FII sentiment remained cautious, while ongoing India-US trade talks will be the next key trigger. Support for the rupee lies near 87.75, while resistance is seen at 88.25, he added.