Today’s Stock Market Closing, 23 Sep: Nifty and Sensex Fall for Third Straight Session; IT Index Slips While Auto Index Gains

On Tuesday, September 23, Indian equity benchmark indices closed in red, extending losses for the 3rd consecutive day. 

At the closing bell, the Nifty 50 ended down by 32.85 points, or 0.13%, at 25,169.50. The Sensex dropped by 57.87 points, or 0.07%, to 82,102.10, due to the impact of steep H-1B visa fees.

Indian IT stocks extended their decline on Tuesday, with the Nifty IT index slipping 0.71% after a 2.95% fall in the previous session, taking total losses to 3.63% in two days following US President Donald Trump’s decision to impose a $1,00,000 fee on new H-1B visa applications. 

The sector, heavily reliant on US revenue and visa programs, saw Mphasis drop 3.01% and Coforge fall 2.85%, while TCS, Infosys, and Wipro fell up to 0.5%. 

Nifty IT is the worst-performing sector of 2025 so far, down 18.58% year-to-date compared to a 6.48% gain in the Nifty 50.

Bucking the trend, auto stocks advanced 0.62%, hitting a record high following a surge in footfalls across dealerships on Monday, the first day of the local festival Navratri. Rise in auto stocks coincided with the Goods and Services Tax (GST) cuts kicking in from the previous session.

The Indian rupee fell to an all-time low, with pressure intensifying after the US raised visa fees, worsening the outlook for the currency.

On the sectoral front, 5 of the 11 key sectoral indices ended in positive territory. Meanwhile, broader indices like Nifty Midcap 100 and Smallcap 100 ended in the red. 

Stock-Specific Highlights

Among individual stocks,

• India's largest automaker, Maruti Suzuki India, saw its share price jump 1.78% hitting a lifetime high.
• KEC International's share price surged 2.05% after securing orders worth ₹3,243 crore in its international transmission and distribution business.

Nifty PSU Bank - Top Gainer of the Day

The Nifty PSU Bank index rose as much as 1.09%, with 7 out of 12 constituent banks in positive territory. On the flip side, Nifty FMCG declined by 1.29% to its 2-month low.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Axis Bank: +16.17 points
• State Bank of India: +12.17 points
• Bajaj Finance: +11.38 points

On the other hand, these stocks weighed on the index:

• HDFC Bank: -19.35 points
• Bharti Airtel: -10.04 points
• Hindustan Unilever: -9.26 points

Broader Markets Negative 

The broader market indices ended in the red on Tuesday. The Mid-cap 100 index ended down by 0.35%, and the Small-cap 100 closed down by 0.53%. 

Market Breadth

As of September 23, 2025, the market breadth was in favour of declining stocks. Out of 3,136 stocks traded on the NSE, 1,329 advanced, 1,734 declined, and 93 remained unchanged. 

A total of 107 stocks touched their 52-week highs, while 44 hit their 52-week lows. Additionally, 95 stocks were locked in their upper circuits, whereas 62 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.