What to expect from Indian stock market in trade on September 24 after fall in global markets

By Admin

24 Sep, 2025

The Indian stock market is likely to open on a weak note today, September 24, as global markets remain under pressure. The trends on the Gift Nifty indicate a negative start for domestic benchmarks, with the index trading around 25,177 level a discount of nearly 79 points from the Nifty futures’ previous close.

On Tuesday, the domestic equity market extended its losing streak for the third straight session, though the losses remained marginal. The Sensex fell 57.87 points, or 0.07%, to close at 82,102.10, while the Nifty 50 slipped 32.85 points, or 0.13%, to settle at 25,169.50, falling below the crucial 25,200 mark.

Sensex Prediction

The Sensex took support near the 81,800 level and rebounded, but gains could not sustain at higher levels. Analysts suggest that the recent correction phase seems to be nearing its end, with Nifty 50 expected to find strong support near the 25,000 zone.

Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities, noted that the index continues to trade above its crucial moving averages, but momentum indicators point to sideways action in the short term.

• Resistance is seen at 25,270 – 25,300 levels, and a sustained move above 25,300 could fuel a rally toward 25,450.
  
  

• On the downside, support lies at 25,080 – 25,050 levels.
  
  

Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking, highlighted that the Nifty 50 formed a high-wave candlestick on the daily chart, signaling indecision among traders. He added that the 25,000 mark is a strong psychological support, and as long as this level holds, the index could rebound towards the 25,300 – 25,400 zone. The broader trend remains positive, favoring a buy-on-dips approach.

Bank Nifty Prediction

The Bank Nifty index outperformed on Tuesday, rallying 225 points or 0.41% to close at 55,509.75. The index formed a bull candle, reflecting buying demand around its 50-day EMA.

According to Om Mehra, Technical Research Analyst at SAMCO Securities:

• The Bank Nifty has reclaimed the 50-SMA (55,440) and holds above the 9-EMA, indicating strength.
  
  

• Resistance lies at 55,850, with immediate support around 55,200.
  
  

• A flag pattern is forming on the hourly chart, with a breakout above 55,850 potentially pushing the index towards 56,000 – 56,200.
  
  

The RSI has recovered to 57, while MACD remains positive, both supporting bullish momentum. Mehra added that reclaiming the 50-SMA reinforces the ongoing trend, with a buy-on-dip strategy looking favorable.

Bajaj Broking Research echoed a similar view, noting that Bank Nifty may consolidate between 54,700 and 56,000.

• Immediate support lies at 54,700 – 54,900, while key support stands at 54,000.
  
  

• On the upside, resistance is seen at 56,000, and a breakout above this level could open doors to 57,000 in the coming weeks.
  
  

Market Outlook

Overall, the Indian stock market is set for a cautious start today, reflecting global weakness. However, analysts remain optimistic about medium-term prospects, as key support zones for both Nifty and Bank Nifty remain intact. While short-term volatility cannot be ruled out, the broader bias continues to favor a buy-on-dips strategy.

Disclaimer: The views and recommendations mentioned are those of individual analysts or broking firms. Investors are advised to consult certified financial experts before making investment decisions.