Nifty 50 closed at 25,203.75, down by 121.30 points (-0.48%). Bank Nifty closed at 55,308.05, down by 151.70 points (-0.28%). Sensex closed at 82,187.49, down by 438.73 points (-0.53%).
Midcap and smallcap indices slipped 0.5% each, with IT stocks dragging markets as the sector index fell 2.7%. Pharma also declined 1%, while power gained 2%, oil & gas 0.7%, and realty 0.4%. Tech Mahindra, TCS, Infosys, Wipro, and Cipla led losses, while Adani Enterprises, Bajaj Auto, Adani Ports, UltraTech Cement, and Eternal were top gainers.
US Markets
- Dow Jones Futures decline by 151.00 points, down 0.32%, currently trading at 46,502.00 as of 22nd September 2025.
European Markets
- FTSE (UK) plummeted by 9.66 points, down by 0.10%, standing at 9,207.00.
- CAC (France) shrank by 34.73 points, down by 0.44%, at 7,818.68.
- DAX (Germany) plummeted by 177.99 points, down by 0.75%, at 23,459.81.
Global events/updates
The U.S. decision to hike H-1B visa fees will directly impact Indian IT firms, as nearly 71% of H-1B holders are Indians. Shares of major IT companies like Infosys, Wipro, and TCS fell as investors reacted. Analysts expect U.S. firms to adjust staffing strategies, with ripple effects extending beyond India’s technology sector.
European stocks slipped as Trump’s surprise H-1B visa fee hike to $100,000 rattled markets, hitting auto stocks hardest. Porsche plunged 6.7% after cutting its 2025 profit outlook and delaying EV launches, while Volkswagen fell 5.5%. The abrupt U.S. policy shift sparked global concern, with India strongly opposing the move, citing humanitarian consequences.
Indian tech stocks tumbled nearly 3% after Trump’s steep H-1B visa fee hike, pressuring sentiment as 71% of 2024 visas went to Indians. Nine of ten Nifty IT firms declined, dragging broader indices, with Nifty 50 slipping 0.12% and Sensex falling 0.48%, reflecting investor worries over higher staffing costs.
The GST cut on renewable energy equipment from 18% to 5% is set to save investors up to ₹1.5 lakh crore by 2030, boosting India’s 500 GW clean energy target. Rooftop solar and farm solar pumps will become cheaper, easing costs for households and farmers while encouraging faster adoption of green energy solutions.
Europe’s IPO market is showing signs of revival after a long slowdown, with companies from fintech, defense, software, and energy sectors launching or planning listings. Analysts see September’s IPO activity as a key highlight, sparking optimism of a rebound and narrowing the gap with stronger U.S. and Asian markets.
Stock news
Hindustan Copper: Shares rose after securing a 20-year lease extension for the Rakha Copper Mine in Jamshedpur, a key step toward reopening and expanding operations at one of its most important copper assets, strengthening long-term growth prospects.
Shree Refrigerations Ltd: The company bagged a ₹19.62 crore order from Mazagon Dock Shipbuilders to supply a turnkey HVAC system for Coast Guard ships, with delivery scheduled by September 2029, enhancing its defense-linked project portfolio and future opportunities.
JBM Auto: JBM Ecolife Mobility, part of JBM Auto, secured $100 million from IFC to deploy over 1,455 electric buses across Maharashtra, Assam, and Gujarat, boosting its presence in India’s electric mobility sector and green transportation ecosystem.
Zaggle Prepaid Ocean Services Ltd: Zaggle partnered with AU Small Finance Bank to launch co-branded credit and commercial cards, leveraging analytics and SaaS platforms to expand offerings, strengthen customer engagement, and enhance cross-selling opportunities within India’s growing digital fintech market.
Kamat Hotels (India) Ltd: The company expanded its portfolio with two new properties—The Orchid Rishivan Hotel, Rishikesh (54 rooms) and IRA by Orchid Hotel, Hyderabad (63 rooms)—adding 117 rooms while enhancing its hospitality footprint across northern and southern India.
Avantel Limited: Avantel received a purchase order worth ₹19.33 crore from Larsen & Toubro for Satcom product services, reinforcing its expertise in advanced communication solutions and strengthening its long-term partnership with major defense and infrastructure industry clients.
Ganesh Infraworld Ltd: The company’s credit rating was upgraded by Infomerics to IVR BBB+/Stable for long-term and IVR A2 for short-term facilities, covering ₹130 crore, reflecting improved financial strength and boosting investor confidence in its infrastructure projects.
OnMobile Global Ltd: OnMobile partnered with Dialog Axiata as master aggregator for value-added services, unifying entertainment, gaming, infotainment, and education under one platform with billing, analytics, and support to scale offerings, strengthen customer engagement, and drive growth.
AAA Technologies Ltd: AAA Technologies secured an order worth approximately ₹79 lakh to conduct a security audit of IT infrastructure at a State Pollution Control Board, reinforcing its expertise in cybersecurity and regulatory compliance across critical government systems.
Bharat Seats: Rohit Relan Family Trust will acquire a 16.38% stake in Bharat Seats and 73.13% in promoter NDR Auto Components, consolidating control while strengthening long-term strategic influence within the company and broader auto components sector.
Larsen & Toubro: L&T Renewables signed an MoU with ACWA Power for Saudi Arabia’s Yanbu Green Ammonia Project, covering solar, wind, BESS, substations, and transmission. The Rs 6,12,800 crore order book highlights its global renewable energy leadership.
Rossell Techsys Limited: Rossell signed a long-term IDIQ contract with Boeing to supply up to 1,200 electrical panel assemblies for the T-7A Red Hawk training system through 2033, strengthening its aerospace manufacturing capabilities and long-term global partnerships.
HUDCO: HUDCO and NBCC signed an MoU for multiple projects, including commercial and institutional developments in Ghaziabad and Panchkula, office blocks in Ahmedabad, and residential rebuilding in Delhi, to be executed on a turnkey deposit basis.
Brokerage Recommendations
1. Prince Pipes
- Target Price:- Rs 440 apiece
- Upside:- 29%
- By Motilal Oswal
2. Blue Jet Healthcare
- Target Price:- Rs 1,100 apiece
- Upside:- 64%
- By Motilal Oswal
3. Laxmi Dental
- Target Price:- Rs 500 apiece
- Upside:- 47%
- By Motilal Oswal
4. Varun Beverages
- Target Price:- Rs 620 apiece
- Upside:- 34%
- By Motilal Oswal
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Adani Power Ltd (19.98%) | Zensar Technologies (-5%) |
| Adani Total Gas Ltd (19.71%) | Mphasis Ltd (-4.88%) |
| Adani Green Energy Ltd (11.83%) | Concord Biotech (-4.39%) |
| Adani Energy Solutions Ltd (6.70%) | LTIMindtree Ltd (-4.48%) |
| Netweb Technologies India Ltd (8%) | KFIN Technologies (-4.59%) |
Conclusion: Markets closed lower with Nifty, Sensex, and Bank Nifty slipping, dragged by IT and pharma, while power and Adani group stocks gained. Global cues weakened after Trump’s H-1B visa fee hike rattled Indian IT and European auto stocks. Stock-specific updates, MoUs, fresh orders, and brokerage upgrades drove selective investor interest.
Written by Abhishek Singh
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