GIFT Nifty opened lower at 25,270, down 0.06% in early trade. Investors are watching out for key developments globally. This includes the H-1B visa fee hike, along with crude oil prices and currency movements. At home, the GST rate cut and ongoing trade talks, as well as the Fed’s recent rate cut, are shaping sentiment. Key sectors in focus include autos, metals, infrastructure, and IT.
Indian markets closed lower on September 22, with selling pressure most pronounced across IT sector stocks. The Sensex slipped 466 points to 82,159, while the Nifty fell 125 points to 25,202.
Key global and domestic cues to know on September 23, 2025
Asian Markets
Asian markets were mostly positive on Tuesday. Japan remained shut for a holiday. South Korea’s Kospi advanced 0.69% and the Kosdaq gained 0.28%, while Australia’s S&P/ASX 200 inched up 0.17% at the open.
H-1B visa hike weighs on Indian IT stocks
Indian technology shares are expected to stay in focus after sharp losses at the start of the week. The decline followed U.S. President Donald Trump’s move to impose a $100,000 fee on new H-1B visas, a program widely used by skilled foreign workers.
US markets
All three major U.S. indexes closed higher on Monday, with fresh record highs across the board. The S&P 500 rose 0.44% to 6,693.75, the Nasdaq Composite gained 0.70% to 22,788.98, and the Dow Jones added 66 points, or 0.14%, to finish at 46,381.54.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.04% down at 97.28 on Tuesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.24% to close at 88.31 to the dollar on September 22.
Crude Oil
Crude oil prices slipped in early Monday trade, with WTI crude easing 0.13% to $62.20 per barrel and Brent crude down 0.19% at $66.45.
FII, DII data
On Monday, foreign investors offloaded Indian shares worth around Rs 2,910 crore, while domestic institutions countered the selling by picking up equities worth nearly Rs 2,583 crore, provisional data showed.
Gold rate today
Gold prices (XAU/USD) pushed higher in early Asian trade on Tuesday, edging close to the record mark of $3,750 an ounce. In the latest gold rate in Dubai, 24-carat gold was priced at AED 448.25 per gram, while 22-carat traded at AED 415 per gram and 18-carat at AED 341 per gram.
As per Goodreturns, in India, 10 grams of 24-carat gold rate today is Rs 1,13,080, while 22-carat gold costs Rs 1,03,660. For those preferring 18-carat gold, the price is Rs 84,820 for the same weight.
Top sectors in Monday’s trade
On September 22, sectoral moves were led by glass stocks, which gained 2.74%. Power followed with a 2.03% rise, while non-ferrous metals added 1.19%. The transport sector also edged higher with a 1.07% gain.
Best and worst performed business group in last trading session
Among business groups, Adani led the pack with a sharp 5.94% rise in market cap. Muthoot Group followed with a 3.97% gain, while Lakshmi Group Coimbatore added 2.92%. Anil Ambani Group also advanced 2.83%. On the downside, Shapoorji Pallonji Group slipped 2.3%, Nagarjuna Group fell 2.45%, and IIFL Group declined 2.65%.