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iPhone 17 Boosts Redington, Deepak Nitrite Invests in Subsidiary, IT Stocks Slip on Profit Booking
iPhone 17 Boosts Redington, Deepak Nitrite Invests in Subsidiary, IT Stocks Slip on Profit Booking
Written by - Fisdom Research
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September 22, 2025
2 minutes
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Market Snapshot
Indian equity indices closed lower on September 19, with the Nifty slipping below 25,350.
The Sensex declined 387.73 points (0.47%) to end at 82,626.23, while the Nifty fell 96.55 points (0.38%) to settle at 25,327.05.
Profit booking emerged after a sustained multi-session rally, as investors locked in gains.
The recent rally was largely driven by expectations of the U.S. Federal Reserve entering an easing cycle.
Positive developments in U.S.-India trade negotiations and improved global liquidity conditions continued to provide support to overall investor sentiment
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
1.5
NIFTY METAL
0.4
NIFTY REALTY
1.3
NIFTY HEALTHCARE INDEX
0.2
NIFTY PHARMA
0.8
NIFTY AUTO
-0.4
NIFTY OIL & GAS
0.4
NIFTY FMCG
-0.4
Top News
Redington surged over 9% on September 19 as Apple’s newly launched iPhone 17 series went on sale in India, priced from ₹82,900.
Deepak Nitrite announced a ₹48 crore investment in its subsidiary Deepak Chem Tech via OCRPS to strengthen its capital base and fund projects.
IT stocks fell on September 19 due to profit booking, with HCL Tech leading losses at nearly 2%, followed by Coforge, OFSS, Infosys, and Persistent Systems.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ADANIENT
5.3
HCLTECH
-1.6
SBILIFE
1.3
ICICIBANK
-1.4
INDUSINDBK
1.2
TRENT
-1.2
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,150
25,500
Bank Nifty
54,800
56,000
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