Why Did Sensex and Nifty Open Marginally Lower?
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Synopsis
On September 19, the Indian benchmark indices opened slightly lower, primarily due to declines in IT stocks. With the US Federal Reserve cutting interest rates and mixed global cues, market analysts anticipate future trends. Discover the market dynamics and key stock performances in this detailed report.
Key Takeaways
- Sensex and Nifty opened lower amid mixed global cues.
- IT stocks led the declines, while some stocks gained.
- Market support and resistance levels indicate investor interest.
- Analysts remain optimistic about the market's upward trajectory.
- Foreign and domestic investors showed buying interest.
Mumbai, Sep 19 (NationPress) The Indian benchmark indices experienced a slight decline on Friday, primarily driven by losses in IT stocks during early trading.
At 9:26 AM, the Sensex was down by 241 points or 0.29 percent, standing at 82,772, while the Nifty dropped 63 points or 0.25 percent to 25,360.
The US Federal Reserve commenced its interest rate reduction cycle by cutting rates by 25 basis points; however, the outlook for additional easing in the coming months did not align with investors' expectations. Markets are currently waiting for more insights into the US policy trajectory, according to analysts.
The Nifty Midcap 100 saw a modest increase of 0.16 percent, but the Nifty Small Cap 100 experienced a slight decline of 0.04 percent.
Among significant gainers on the Nifty were Hero MotoCorp, Shriram Finance, Maruti Suzuki, NTPC, and Tech Mahindra, while the notable losers included ICICI Bank, Bajaj Finance, Tata Consumer, and Titan Company.
In sectoral performance, the Nifty IT index was the top loser, declining by 0.40 percent. Both Nifty FMCG and Nifty Private Bank contributed to the downward pressure on the indices. Aside from Nifty Realty and PSU Bank, all other sectoral indices were in negative territory or showed marginal gains.
The Nifty50 maintained a strong position above the 25,400 mark in the previous session, indicating investor confidence and sustained upward momentum.
Analysts noted that while there is visible buying interest at lower price levels, the 25,500–25,600 range poses a significant barrier for upward movement. Conversely, support levels are positioned at 25,300–25,100 for any minor pullbacks.
"The market is in an uptrend and is well-positioned to reach new highs soon. The fundamentals, technical indicators, and overall sentiment are conducive to a sustained upward trend. Earnings are expected to improve starting from Q3. Technically, short covering is occurring and could accelerate," stated Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.
From a market sentiment viewpoint, a potential US-India trade deal without penalty tariffs and lower reciprocal tariffs appears likely, he added.
Major US indices posted gains overnight, with the Nasdaq increasing by 0.94 percent, the S&P 500 rising by 0.48 percent, and the Dow edging up by 0.27 percent.
Most Asian markets were trading positively during the morning session. While China's Shanghai index dipped by 0.12 percent, Shenzhen increased by 0.23 percent. Japan's Nikkei rose by 0.77 percent, and Hong Kong's Hang Seng Index climbed by 0.12 percent, whereas South Korea's Kospi fell by 0.46 percent.
On Thursday, foreign institutional investors (FIIs) acquired equities worth Rs 366 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 3,326 crore.
Point of View
I reflect on the current market landscape with a focus on investor sentiment and economic indicators. The market's resilience in the face of mixed global cues showcases the inherent strength of the Indian economy. Our commitment is to provide audiences with accurate and timely information, aiding informed decision-making.
NationPress
10/11/2025
Frequently Asked Questions
What caused the decline in Sensex and Nifty?
The decline was primarily driven by losses in IT stocks and mixed global cues following the US Federal Reserve's interest rate cut.
What are the support and resistance levels for Nifty?
Support levels for Nifty are at 25,300–25,100, while resistance is noted at the 25,500–25,600 range.
Which stocks were the biggest gainers and losers?
Major gainers included Hero MotoCorp and Maruti Suzuki, while ICICI Bank and Bajaj Finance were among the biggest losers.
What is the outlook for the market?
Analysts believe the market is in an uptrend and is well-positioned for new records, supported by improving earnings and favorable sentiment.
How did foreign and domestic investors perform?
On Thursday, foreign institutional investors purchased equities worth Rs 366 crore, while domestic investors were net buyers of Rs 3,326 crore.
