Nifty and Sensex Close in Red as Engineering Services Sector Leads Decline
Indian stock markets ended in red on September 24, with Nifty 50 down 0.45% at 25,056.90 and Sensex falling 0.47% to 81,715.63. Engineering Services sector was the top loser at -2.95%, while Transport sector showed resilience with a 1.51% gain. TCS saw a significant block trade amidst controversy, Sudarshan Chemical reported strong Q1 results, and Yes Bank witnessed SMBC increasing its stake. Overall market breadth was negative with 2,791 scrips declining against 1,753 advancing.
*this image is generated using AI for illustrative purposes only.
Market Wrap: Bearish Sentiment Prevails on September 24, 2025
The Indian stock markets concluded Wednesday's trading session on a negative note, with both benchmark indices, Nifty 50 and BSE Sensex, registering losses. The overall market sentiment remained bearish, influenced by sectoral underperformance and mixed corporate news.
Market Overview
The Nifty 50 index closed at 25,056.90, down 112.60 points or 0.45% from the previous close. Similarly, the BSE Sensex ended the day at 81,715.63, shedding 386.47 points or 0.47%. The last update for both indices came at approximately 15:31 IST.
Sectoral Performance
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Engineering Services | -2.95 |
| Printing & Stationery | -2.01 |
| Retail | -1.61 |
| Cables | -1.53 |
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Transport | 1.51 |
| Transport Services | 1.23 |
| Energy | 0.60 |
| FMCG | 0.16 |
The Engineering Services sector faced the steepest decline, while the Transport sector showed the most resilience.
Buzzing Stocks
Tata Consultancy Services (TCS): A significant block trade of approximately 283,690 shares at ₹3,049.20 per share, totaling ₹86.50 crores, was executed on the NSE. However, the company faced controversy as a former employee alleged physical assault by HR staff at the Noida office after termination.
Sudarshan Chemical Industries: The company reported complete utilization of funds raised through QIP and NCDs for various corporate purposes. Q1 consolidated net profit increased to ₹472 million from ₹294 million year-over-year, with revenue surging to ₹25.1 billion.
Yes Bank: Sumitomo Mitsui Banking Corporation (SMBC) increased its stake to 24.22%, becoming the largest shareholder. The bank also released a pledge on its 4.22% stake in CA Basque Investments.
Swiggy: Despite announcing major corporate restructuring worth over ₹2,400 crore, including the sale of its stake in Rapido and the transfer of Instamart to a subsidiary, the stock faced selling pressure, declining 1.78% to ₹441.20.
Market Breadth
The overall market breadth leaned towards the negative side:
| Category | Number of Scrips |
|---|---|
| Total | 4,544 |
| Positive | 1,753 |
| Negative | 2,791 |
Conclusion
The Indian stock markets closed lower on September 24, 2025, with negative sentiment prevailing across most sectors. While the Transport and Energy sectors showed some resilience, the Engineering Services sector led the decline. Significant corporate actions and mixed Q1 results influenced individual stock performances, contributing to the overall bearish trend in the market.
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