Stock market today, Sept. 25 -- Benchmark stock indices Sensex and Nifty 50 experienced their fourth consecutive decline on Wednesday, driven by profit-taking in banking, auto, and capital goods sectors, along with foreign fund outflows, as anxiety over US H-1B visa fees continued to impact investor sentiment.
The Sensex fell by 386.47 points or 0.47%, closing at 81,715.63. At one point during the day, it plummeted by 494.26 points or 0.60%, reaching 81,607.84. The Nifty 50 decreased by 112.60 points or 0.45%, settling at 25,056.90.
As per Rupak De, Senior Technical Analyst at LKP Securities, the Nifty 50 has been persistently holding below the 21 EMA on the hourly chart, indicating a dominant bearish trend in the short term. Additional...
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