The Prime Daily: 25 September 2026

Authored By Prime Research | Published at: Sep 25, 2026 09:08 AM IST

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Nifty Tumbles to Five-Month Low on Rising Energy Prices & Rate Hike Fears.

U.S. stocks closed mixed as an afternoon rally in Big Tech pared steeper earlier losses. The Dow fell 0.3% for a third straight decline, while the S&P 500 and Nasdaq closed essentially flat as investors weighed surging Treasury yields against rising oil prices. Growth and tech names — most rate-sensitive — continued to weigh on sentiment.

The Treasury Department bought back $4.08 billion of long-term debt, well short of the $6 billion cap set by Secretary Scott Bessent. Offers were heavily rejected — just 12 of 35 eligible issues were accepted — undercutting the operation’s aim of easing surging yields. The 30-year yield pushed higher still, hovering near 5.4%.

Communication Services led sector gains, with Meta Platforms up 4% after detailing monetisation plans for its AI agent. Data management firm Everpure rose over 11% after reaffirming full-year guidance, while Nvidia shares swung on news of a $13 billion deal to acquire Hugging Face.

The 10-year Treasury yield hit a 19-year high near 5.14%. Hawkish Fed and ECB commentary, paired with strong U.S. PMI data, lifted the odds of an October Fed hike to roughly 70%.

The University of Michigan Consumer Sentiment Index fell to 47.8 in September from 51.7 in August, a 7.5% monthly drop, underscoring growing consumer unease. Durable goods orders offered a partial offset, beating expectations with a 1.1% month-over-month gain.

The rupee remained under pressure, depreciating 21 paise to close at 95.95, weighed down by soft Asian peers and a weak domestic equity market. A rebound in crude oil prices, elevated bond yields and rising expectations of higher interest rates added to the currency’s headwinds.

Nifty resumed its downtrend with a massive fall of 383 points to close at 23063, the lowest since 6th April 2026. This is the biggest one-session percentage fall since 8th July 2026 for Nifty. The breakdown decisively pushes Nifty below the lower boundary of its recent 23,100–23,600 consolidation zone. This signals a continuation of the primary downtrend, with sellers in firm control and momentum skewed to the downside.

Insurance distributor stocks tumbled sharply yesterday on the back of regulatory concerns, extending losses amid heightened sector-wide selling pressure.

Positional support now lies around 22,700, aligning with the upward-sloping trendline connecting the swing lows of June 2024, April 2025 and April 2026. On the upside, near-term resistance has shifted down to 23,300.

Indian markets are set for a weak open, tracking subdued global cues.

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