Stock Market LIVE: Sensex Slumps 400 Points, Nifty Slips Below 25,400 As ICICI Bank, HDFC Bank Drag

The Nifty 50 and Sensex were trading 0.43% and 0.46% down, respectively, as of 10:20 a.m. Catch live updates on Indian stock markets here on Sept 19.

(Photo: AI generated image)

Good morning, welcome to NDTV Profit's blog for real-time market coverage. The Nifty 50 and Sensex fell sharply tracking a decline in ICICI Bank Ltd. and HDFC Bank Ltd. Traders started booking profits at around 25,400 levels which weighed on the markets, according to analysts. The Nifty PSU Bank rose to over one-year high.
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Nifty 50| Sensex| Stock Market Today: Nifty, Sensex Fall Sharply On Profit Booking

The NSE Nifty 50 and BSE Sensex fell sharply as HDFC Bank Ltd., ICICI Bank Ltd. shares dragged. Traders booked profit after four-day rally before the weekend start, analysts said.

The indices were trading 0.43% and 0.46% down, respectively as of 10:17 a.m

Markets have seen technical good rally in last 10-15 days. All the good news including US Federal Reserve's rate cut and GST rate cuts are behind. So, profit taking is happening at around the levels of 25,400, according to Prashanth Tapse, a senior vice president, ,research), Mehta Equities Ltd.

"Nifty index is witnessing a minor profit taking ahead of weekend. Overall this is a buy on dip market till Nifty index is trading above 25050 spot levels on closing basis and expect it to test 25500-25600 spot levels in the near term," said Vipin Kumar, assistant vice president, technical and derivatives, research at Globe Capital Market Ltd.

Stock Market LIVE: Hindalco Industries' Arm Novelis Signs Pact In Relation To Bond Issuance

Hindalco Industries Ltd.'s arm Novelis signed a pact in relation to issuance of $100 million municipal bonds, the company said in the exchange filing.

Asia Markets LIVE Update: Nikkei 225 Falls From Record High; BoJ Keeps Rate Steady At 0.5% 

The Bank of Japan kept the rate steady at 0.5% in line with market expectations. The central bank sought time to get clarity over the unfolding economic situation amidst political uncertainty.

The Nikkei 225 hit a fresh high of 45,852.75 earlier. The index declined sharply after the central bank's rate decision. The index was trading 1.32% down at 44,706.14 as of 10:03 a.m.

Also Read: Bank Of Japan Keeps Rates Steady And Says Will Begin Selling ETFs

Nifty 50| Sensex| Stock Market LIVE: Paytm Share Price Off Lows As BofA Raises Target Price

Paytm's parent One 97 Communications Ltd. share price recovered from opening lows as BofA raised the target price. The US-headquartered brokerage firm believes that the business momentum is stable and there is more room to cut costs.

One 97 Communications share price fell 0.36% to Rs 1,224.9 apiece shortly after open. However, the stock price erased losses to trade flat at Rs 1,229 apiece as of 9:44 a.m., compared to 0.33% decline in the NSE Nifty 50 index.

Also Read: Paytm Share Price Off Lows As BofA Raises Target Price, Sees Room For Cost Cuts

Sectoral Performance At Open: Nifty Energy Outperforms

On National Stock Exchange, eight sectoral indices advanced, two remained flat, and five declined out of 15.

Nifty Contributors: Adani Ports And SEZ, Adani Enterprise Contribute Most 

Adani Enterprise Ltd., Adani Ports and Special Economic Zone Ltd., Shriram Finance Ltd., Larsen & Toubro Ltd., and Jio Financial Services added to the NSE Nifty 50 index.

ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., and Bharti Airtel Ltd. weighed on the NSE Nifty 50 index.

Stock Market LIVE: Nifty, Sensex Open On Muted Note 

The NSE Nifty 50 and BSE Sensex reversed a four-day winning streak at open on Friday. The indices were trading 0.21% and 0.08% down, respectively as of 9:20 a.m.

Nifty Sensex Today| Stock Market LIVE: Adani Group Stocks Rise After SEBI's Clean Chit — Adani Power, Adani Total Gas Top Gainers

Shares of Adani Group companies rose during early trade on Friday after the Securities and Exchange Board of India said in its final order that allegations by the Hindenburg case could not be established.

The regulator imposed no penalty and cleared Adani Ports & Special Economic Zone Ltd., Adani Power Ltd., and Adani Enterprises Ltd. of any liabilities. Adani Group Chairperson Gautam Adani and Adani Enterprises Managing Director Rajesh Adani were also cleared.

Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

Also Read: Adani Group Stocks Rise After SEBI's Clean Chit — Adani Power, Adani Total Gas Top Gainers

Nifty 50|Sensex| Stock Market Today: Citi Lifts Price Targets For Bajaj Auto, TVS, Hero MotoCorp, Eicher On Higher Sales Forecast

Bajaj Auto Ltd., TVS Motor Co., Hero MotoCorp, and Eicher Motors Ltd. received share price target hikes from multinational brokerage Citi. The optimism comes from higher projected sales and earnings for two-wheeler makers in the coming three years.

Multiple macro tailwinds like income tax and GST cuts and expected reductions in interest rates will lead to volume and earnings growth, analysts said.

Also Read: Citi Lifts Price Targets For Bajaj Auto, TVS, Hero MotoCorp, Eicher On Higher Sales Forecast

LIVE: Yield On 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.52%

Source: Bloomberg

LIVE: Rupee Opens Weaker Against US Dollar

  • Rupee opened 9 paise weaker at 88.22 against US Dollar

  • It settled at 88.13 on Thursday

Source: Bloomberg

54 Dividend Stocks: BEML, Bajaj Holdings, Paisalo Digital — Last Day To Buy Shares To Qualify

Shares of BEML Ltd., Bajaj Holdings and Investments Ltd., Paisalo Digital Ltd., and 51 other companies will be of interest on Friday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines shareholder eligibility to receive a dividend.

Also Read: 54 Dividend Stocks: BEML, Bajaj Holdings, Paisalo Digital — Last Day To Buy Shares To Qualify

Motilal Oswal Settles SEBI Proceedings On Record-Keeping Lapse By Partner Om Securities For Rs 34.85 Lakh

Motilal Oswal Financial Services on Thursday settled proceedings with regards to to involvement and non-maintenance of records by one of its authorised partners—Om Securities. The settlement amount stood at Rs 34.85 lakh.

Motilal Oswal, in a statement issued in relation to the matter, said, "The SEBI settlement order announced today relates to involvement and non-maintenance of records by one of our authorised partners (AP)- Om Securities. We had to opt for the settlement route and the matter now stands resolved."

Also Read: Motilal Oswal Settles SEBI Proceedings On Record-Keeping Lapse By Partner Om Securities For Rs 34.85 Lakh

Stock Picks Today: SBI, Maruti, Cohance Lifesciences, Paytm, Axis Bank, L&T Finance On Brokerages' Radar

State Bank of India, L&T Finance Ltd., Cohance Lifesciences Ltd., One97 Communications Ltd., Axis Bank Ltd., Bank of Baroda Ltd., Maruti Suzuki India Ltd., and Indian Hotel Ltd., are among the companies garnering brokerage commentary today.

Analysts have shared their insights and, in several cases, revised their target prices based on their updated fundamental outlooks for these firms. Here are the key analyst calls to watch out for today:

Also Read: Stock Picks Today: SBI, Maruti, Cohance Lifesciences, Paytm, Axis Bank, L&T Finance On Brokerages' Radar

Stock Market Today: F&O Cues

  • Nifty September Futures up by 0.34% to 25,510 at a premium of 87 points.

  • Nifty September futures open interest down by 1.12%.

  • Nifty Options 23 September Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.

  • Securities in Ban Period: Angelone, HFCL, RBL Bank.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Sept. 19

India's Direct Tax Collections Jump 9.18% To Rs 10.8 Lakh Crore Over Fewer Refunds

Net direct tax collections for the financial year 2025-26, as of September 17, 2025, have shown a notable increase, rising by 9.18% to reach over Rs 10.82 lakh crore or $131 billion.

This growth is primarily attributed to a substantial decline in refunds issued by the Income Tax Department, a key indicator of efficiency in tax processing and compliance.

Also Read: India's Direct Tax Collections Jump 9.18% To Rs 10.8 Lakh Crore Over Fewer Refunds

US Markets Update: Intel Shares Soar 23% After Nvidia Makes $5 Billion Investment

Nvidia Corp. agreed to invest $5 billion in Intel Corp. and said the two will co-develop chips for PCs and data centers, a surprise move to help prop up an ailing archrival that sent Intel shares soaring, Bloomberg reported.

Nvidia will buy Intel common stock at $23.28 per share, the two companies said on Thursday. Intel will use Nvidia’s graphics technology in upcoming personal computer chips and also provide its processors for data center products built around Nvidia hardware, as per Bloomberg.

Also Read: Intel Shares Soar 23% After Nvidia Makes $5 Billion Investment

Asia Markets LIVE: Nikkei Hits New High Before BoJ Rate Decision

Japan's Nikkei 225 hit a new high before the Bank of Japan's rate decision. The index rose 1.21% to a record high of 45,852.75 so far in Friday's session.

According to Reuters' poll, the Bank of Japan will likely keep the interest rate unchanged at 0.5%.

Also Read: Asian Stocks Rise As Global Gauge Hits New Peak: Markets Wrap

LIVE: GIFT Nifty Hints At Negative Open; Biocon, Texmaco Rail, Vedanta Shares In Focus

The GIFT Nifty was trading 0.18% or 46.50 points lower at 24,469.50 as of 6:31 a.m., which implied the NSE Nifty 50 will likely break its recent winning streak.

Texmaco Rail, Biocon, Vedanta, Sheela Foam, Thomas Cook, Allied Blenders and Distillers, and Sai Lifesciences shares prices are in focus.

The Nifty 50 and Sensex rose for four days in a row on Thursday tracking gains in HDFC Bank Ltd. and Infosys Ltd. share prices. The indices rose on positive global cues after the US Federal Reserve reduced rate in line with market expectations.

The Nifty 50 ended 0.37% higher at 25,423.60, and the Sensex ended 0.39% higher at 83,013.96.

Also Read: Trade Setup For Sept 19: Nifty To Extend Positive Bias, Resistance At 25,500

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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