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Nifty 50 declines for fifth consecutive session amid large-cap weekness

The NSE Nifty 50 fell 20 points, or 0.08%, to settle at 24,634, while the S&P BSE Sensex slipped 61 points, or 0.08%, to end at 80,364.

CNBCTV18·author

Published Sep 29, 2025 | 6:11 AM GMT-04

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The stock market ended lower on Monday, with the Nifty 50 falling for a seventh straight session to close below the 24,650 mark, weighed by weakness in large-cap stocks even as the broader market outperformed.

"The domestic market concluded a volatile session on a flat note as investors turned more cautious ahead of a holiday-led truncated week and continued FII selling. Lack of clarity in the US-India trade deal and prolonging pressure on IT & pharma indices are near-term concerns for the market. Investors await the RBI policy outcome this week; the central bank is expected to keep the rates unchanged to contain volatility in the rupee. The supportive fiscal measures and a stronger demand outlook for H2FY26 may lead the central bank to upgrade its FY26 GDP growth forecast," Vinod Nair, Head of Research, Geojit Investments Limited, said.

The NSE Nifty 50 fell 20 points, or 0.08%, to settle at 24,634, while the S&P BSE Sensex slipped 61 points, or 0.08%, to end at 80,364. In contrast, the Nifty Bank index rose 72 points to 54,461, while the Nifty Midcap 100 gained 154 points to 56,533, outperforming the benchmarks.

Oil marketing companies (OMCs) rallied 3%-5% after Oil Minister Hardeep Singh Puri said the companies remained undervalued and pitched for higher valuations.

Among stock movers, Bharat Electronics Ltd gained more than 1% after securing an order worth ₹30,000 crore from the Indian Army. IndusInd Bank rose over 1% following an upgrade from Morgan Stanley.

Muthoot Finance and Manappuram Finance rebounded nearly 2% each as gold prices extended their record-setting rally. Oil India added 2% after announcing a natural gas discovery in its Andaman offshore block, while Indian Railway Finance Corporation climbed 2% after signing loan agreements worth ₹20,000 crore.

Vascon Engineers jumped 20% after signing an MoU with Adani Infra, projecting a 30% annual revenue boost. Paradeep Phosphates surged 7% on commissioning a new sulphuric acid plant in Odisha. Wockhardt soared over 15% after the United States exempted certain trade partners from pharma tariffs.

Shipbuilding stocks saw profit-taking, with Garden Reach Shipbuilders & Engineers falling more than 4%.

Market breadth was marginally in favour of declines, with the NSE advance-decline ratio at 1:1, reflecting mixed sentiment across sectors.

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