Sensex and Nifty Slip Into Red Amid Profit-Booking; IT and Pharma Drag, Realty, and Broader Markets Outperform

Mumbai, September 15, 2025: Indian equities witnessed a volatile session on Monday as investors booked profits after last week’s strong rally. Benchmarks slipped into the red amid pressure from IT and pharma counters, while realty and broader markets outshone. Traders remained cautious ahead of the US Federal Reserve’s policy decision.

Market Snapshot

At 3:30 pm, the BSE Sensex was down 118.96 points at 81,785, and the NSE Nifty fell 44.80 points to 25,069. Both indices traded choppy through the day, failing to sustain early gains.

India VIX Rises

Volatility edged higher, with the India VIX closing with a 2.72% surge to 10.40. This indicates a cautious undertone in the market as investors brace for the Fed outcome.

Sectoral Highlights

• Losers: IT and pharma were the biggest drags. TCS, Infosys, Sun Pharma, Tech Mahindra, Coforge, and Persistent Systems slipped up to 1%.
• Gainers: Financials and select heavyweights, including Bajaj Finance, Eternal, Tata Motors, Adani Ports, Power Grid, and SBI, helped cushion losses.
• Realty Rally: The Nifty Realty index surged nearly 2%, driven by Anant Raj, DLF, Prestige Estates and Godrej Properties, which gained up to 11%.

Broader Market Strength

While benchmarks were flat to negative, the broader indices extended their winning run for the seventh straight day. The Nifty Smallcap 100 advanced 0.76% to 18,127, and the Nifty Midcap 100 added 0.44% to 58,486. Notable gainers included Vodafone Idea (+6%) and Anant Raj (+8%), the latter boosted by reports of a potential 20-year tax holiday for data centres.

Global Cues

Asian peers such as South Korea’s Kospi, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng traded higher. Globally, attention remains on the US Fed’s meeting, where a rate cut is widely expected, with Jerome Powell’s commentary seen as key for future policy direction.

Recent Market Rally

On Friday, the Sensex rose 355.97 points to close at 81,904.70, its fifth consecutive gain, while the Nifty added 108.50 points to 25,114, notching its eighth straight rise. Over the week, the Sensex gained 1.47% and the Nifty 1.50%.

Other Market Drivers

• Oil: Brent crude futures rose 0.60% to USD 67.39 per barrel.
• Flows: FIIs remained net buyers, investing Rs 129.58 crore on Friday.

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