Today’s Stock Market Closing, 24 Sep: Nifty, Sensex Slip for 4th Session; FMCG Only Sector in Green, India VIX Eases 1%

On Wednesday, September 24, Indian equity benchmark indices closed in red, extending losses for the 4th consecutive day. 

At the closing bell, the Nifty 50 ended down by 112.60 points, or 0.45%, at 25,056.90. The Sensex dropped by 386.46 points, or 0.47%, to 81,715.64, dragged down by HDFC Bank and ICICI Bank. Interestingly, the India VIX index cooled off by 1.03%. 

The Nifty 50 has lost about 1.5% in the last four sessions, with IT stocks driving this week's sell-off after the US imposed a $100,000 fee for new H-1B visa applications. The US released a proposal on Tuesday that would rework the H-1B visa selection process to favour higher-skilled and better-paid workers. 

In terms of sectoral performance, all the key indices ended in the red, except Nifty FMCG. The Nifty IT index fell 0.72% and closed below the panic low of September 22, formed after the H1-B visa news. Even the resilient Nifty Auto was not spared, slipping over 1% on Wednesday after retreating from record highs hit on Tuesday.

The broader indices, the Nifty Midcap and Small-cap, extended losses for the third straight day. 

Stock-Specific Highlights

Among individual stocks,

• Tata Motors share price plunges over 2% on JLR factory closure extension. 
• Minda Corporation share price jumps over 8% on plans to target 3.5x revenue growth and more than 12.5% EBITDA margin by FY30.

Nifty FMCG Bank - Top Gainer of the Day

The Nifty FMCG index surged with marginal gains of 0.18%, with 11 out of 15 constituents in positive territory. On the flip side, the Nifty Realty index declined by nearly 2.5%, recording the biggest intraday loss in the last two months.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Hindustan Unilever: +6.74 points
• Power Grid Corporation of India: +4.85 points
• NTPC Limited: +4.71 points

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

• HDFC Bank: -20.86 points
• ICICI Bank: -17.77 points
• Reliance Industries: -13.01 points

Broader Markets Negative 

The broader market indices ended in the red on Wednesday. The Mid-cap 100 index ended down by 0.98%, and the Small-cap 100 closed down by 0.67%, extending losses for the third straight day. 

Market Breadth

As of September 24, 2025, the market breadth was in favour of declining stocks. Out of 3,134 stocks traded on the NSE, 993 advanced, 2,053 declined, and 85 remained unchanged. 

A total of 97 stocks touched their 52-week highs, while 53 hit their 52-week lows. Additionally, 84 stocks were locked in their upper circuits, whereas 63 stocks were in lower circuits. 

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