BSE Sensex: Down 386 points (0.47%), closing at 81,716.
Nifty50: Dropped 113 points (0.45%), ending at 25,057.
The broader market mirrored the trend:
- Nifty MidCap 100: Down 0.98%
- Nifty SmallCap 250: Dropped 0.67%
You may also like: Paint Sector report and expert insights in detail
Impact on the stock market
Sector-wise performance
Nifty Realty: The biggest laggard, down 2.5%.
Nifty Auto: Fell 1.15% as profit booking set in after recent rallies.
Nifty Private Bank: Dropped 0.8% as investor sentiment turned cautious.
The only sector in the green was Nifty FMCG, which rose by 0.18%, likely buoyed by defensive buying.
| Sector/Index | Performance |
| IT & BPM sector | -1.15% |
| Healthcare sector | -0.64% |
| Oil & Gas sector | -0.62% |
| Real estate sector | -2.49% |
| PSU Bank in India | -0.26% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Power Grid Corp | 293.80 | 1.80 |
| HULÂ | 2,563.80 | 1.65 |
| JSW Steel | 1,155.20 | 1.48 |
| NTPCÂ | 347.60 | 1.34 |
| Nestle | 1,181.80 | 1.15 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Tata Motors | 682.95 | -2.62 |
| Jio Financial | 306.75 | -1.86 |
| Wipro | 245.10 | -1.81 |
| Hero Motocorp | 5,277.00 | -1.74 |
| Bharat Electronics | 397.50 | -1.72 |
Market aftermath: Impact on stocks
Real estate stocks: continuing the slide
Real estate stocks continued their downtrend for the third day, with Godrej Properties and Oberoi Realty losing up to 3%.
- Nuvama Institutional Equities pointed to weak volume growth, falling home affordability, and a shortage of mid-income housing as reasons behind the weakness.
- The Nifty Realty index dropped 2%, following profit booking after six out of seven positive sessions earlier this month.
Also read: Top Real estate penny stocks to watch in 2025
Auto stocks: Profit booking after rally
The auto sector saw profit booking on September 24, with Ashok Leyland, Tata Motors, and Bajaj Auto all declining by 2% to 3%.
- Ashok Leyland fell 2.6% after Goldman Sachs downgraded the stock to neutral from buy.
- Tata Motors’ Jaguar Land Rover extended its factory shutdowns until October 1, after a cyber attack, potentially losing 30,000 units of production.
- Despite strong festive demand, the Nifty Auto index lost 1.15% as the rally fizzled out.
You may also like: Top Automobile Sector Penny Stocks in India for 2025
Dilip Buildcon: A bright spot
Dilip Buildcon hit a 52-week high of ₹587.90, up 3.5%, after the company’s joint venture won a ₹1,115 crore project from the Kerala Industrial Corridor Development Corporation.
- The project involves design, construction, and operation of infrastructure in Kerala as part of the Chennai Bengaluru Industrial Corridor (CBIC).
- In August, Dilip Buildcon also bagged a ₹1,503 crore project for the Gurugram Metro Corridor.
- The company’s share price has surged 24% in the last 15 days, reflecting optimism from project wins.
Crude oil: Price drop amid oversupply concerns
Crude oil prices came under pressure due to concerns over an oversupply, after reports indicated Iraq might resume exports via Kurdistan.
- Brent crude (Nov futures): $66.23, down 0.51%
- WTI crude (Nov futures): $61.99, down 0.47%
- MCX October futures: ₹5,504, down 0.33%
The geopolitical tensions in Russia and West Asia, along with Iraq’s resumption of oil exports, contributed to the price dip.
Other commodities showed mixed movements:
- Natural gas: ₹274.40, down 0.72%
- Dhaniya: ₹8,382, up 0.34%
- Cottonseed oilcake: ₹2,908, down 0.17%
Conclusion
Indian markets struggled on September 24, driven by continued selling in real estate, auto, and banking stocks.
- The Nifty Realty index was the biggest loser, followed by auto stocks facing profit booking.
- Dilip Buildcon stood out with a strong performance after its project win.
- Crude oil prices softened on concerns about oversupply.
Investors should keep a close eye on sector-specific trends and the evolving global oil supply situation. While some sectors may face short-term hurdles, defensive stocks like FMCG may continue to attract attention in volatile times.
For more stock market insights, check out the StockGro blog.
