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Auto stocks slip on profit booking; Bajaj Electricals, Minda Corp rally on growth triggers
Auto stocks slip on profit booking; Bajaj Electricals, Minda Corp rally on growth triggers
Written by - Fisdom Research
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September 24, 2025
2 minutes
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Market Snapshot
Benchmark indices extended their losing streak to a fourth straight session on September 24.
Nifty 50 slipped below the 24,100 mark, dragged lower by broad-based selling pressure.
Weak global cues and cautious commentary from the US Federal Reserve weighed on sentiment.
The index extended losses after a soft opening, slipping near 25,000 and closing close to the day’s low.
Sectorally, FMCG was the only gainer, while auto, IT, media, metal, oil & gas, and realty fell 0.5–2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY FMCG
0.2
NIFTY HEALTHCARE INDEX
-0.6
NIFTY PSU BANK
-0.3
NIFTY CONSUMER DURABLES
-0.7
NIFTY PHARMA
-0.5
NIFTY METAL
-0.7
NIFTY OIL & GAS
-0.6
NIFTY IT
-0.7
Top News
Auto stocks slipped ~1% on September 24 as investors booked profits after a recent rally driven by GST rate cuts and festive season margin expectations.
Bajaj Electricals surged over 7% after acquiring Morphy Richards’ brand rights for India and neighbouring markets for ₹146 crore.
Minda Corp jumped nearly 9% after unveiling a ₹2,000 crore capex plan, targeting 3.5x revenue growth to ₹17,500 crore and higher exports by FY30
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
POWERGRID
1.7
TATAMOTORS
-2.6
HINDUNILVR
1.4
BEL
-2.2
NTPC
1.3
JIOFIN
-2.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,150
25,200
Bank Nifty
55,000
55,600
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