Markets Extend Four-Day Losing Streak: IT, Auto, and Realty Sectors Face Mounting Pressure

Bloodbath continues as markets rack up fourth straight day of losses—and nobody's surprised.

Tech Takes the Biggest Hit

IT stocks lead the decline, dragging indices down with relentless selling pressure. The sector's bleeding shows no signs of stopping.

Auto Industry Sputters

Automotive shares join the carnage, hitting brakes on any recovery hopes. Manufacturing delays and supply chain woes amplify the pain.

Realty Sector Crumbles

Property stocks collapse under weight of rising interest rates and stagnant demand. Commercial realty particularly feeling the squeeze.

Four days of declines have traders questioning whether this is a correction or something worse. Meanwhile, Wall Street analysts still somehow recommend 'buying the dip'—because what could possibly go wrong?

Sectoral pressure: Realty, Auto, IT fall; FMCG rises

Among Nifty 50 stocks, Power Grid Corporation emerged as the top gainer, rising 1.68 per cent to ₹293.45, followed by Hindustan Unilever, which gained 1.36 per cent to ₹2,556.60. NTPC advanced 1.31 per cent to ₹347.50, while Maruti Suzuki climbed 0.98 per cent to ₹16,254.00 and JSW Steel gained 0.93 per cent to ₹1,149.00.

On the losing side, Tata Motors was the biggest laggard, falling 2.62 per cent to ₹683.00. Bharat Electronics Limited declined 2.16 per cent to ₹395.70, while Reliance Jio Infocomm dropped 2.02 per cent to ₹306.25. Adani Enterprises fell 1.96 per cent to ₹2,624.00 and Wipro declined 1.90 per cent to ₹244.88.

“Profit booking has been observed in Indian markets post-GST reforms, as investors recalibrate valuations and Q2 earnings expectations. IT stocks underperformed due to H-1B fee hikes, while US trade rhetoric amid ongoing trade negotiations and weak global cues are prompting cautious investor sentiment,” said Vinod Nair, Head of Research, Geojit Investments Limited.

Sectoral performance was largely negative, with the Nifty Realty index leading the decline at 2.5 per cent, followed by the Auto index, which fell 1.2 per cent. IT, banking, and financial services indices declined between 0.6 and 1 per cent each. However, Nifty FMCG bucked the trend, ending 0.2 per cent higher, making it the sole sectoral index in positive territory.

Rupee hits record low, FII selling continues

The rupee’s weakness, which has pushed it to record lows, added to market concerns. “Rupee traded at 88.67, up 0.03 paise, while the dollar index stayed flat NEAR 97.60. Despite minor gains, the rupee faces resistance due to delays in the India-US trade deal and continued FII selling, keeping overall pressure intact. The rupee range is expected between 88.45-89.00,” noted Jateen Trivedi, VP Research Analyst at LKP Securities.

Foreign institutional investors continued their selling spree, with net outflows of ₹6,461 crore in the last two sessions, further dampening market sentiment. “India’s relatively high valuations, coupled with moderation in earnings growth, continue to lead FIIs to trim their positions,” Nair added.

Gold eases ₹500 amid profit booking

Gold prices witnessed profit booking after a strong rally, easing by ₹500 to trade near ₹1,13,300. “Despite the dip, prices remain in overbought territory, with sentiment still broadly positive. Volatility is expected, with a trading range seen between ₹1,12,000–₹1,14,000,” said Trivedi.

Nifty outlook cautious; range 25,000–25,500

Technical analysts remained cautious about the near-term outlook. “The market continued to face selling pressure for the fourth straight session, with the Nifty maintaining its sequence of lower highs and lower lows. A decisive MOVE below 25,050 could open the door for further downside towards 24,920,” said Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking.

Looking ahead, market participants will closely monitor upcoming US economic data, including GDP, new and existing home sales, and the Core PCE price index, which could impact Federal Reserve policy and global market sentiment. Analysts expect continued volatility in the near term, with the Nifty likely to trade between 25,000 and 25,500 levels as markets await clarity on India-US trade negotiations and corporate earnings for Q2.

Published on September 24, 2025