Market wrap: Coal India, Eternal, Tata Consumer, Nestle India top gainers and losers on Nifty and Sensex on Tuesday

Indian equity markets surrendered their morning gains and ended lower on Tuesday, September 22, with the benchmark BSE Sensex and NSE Nifty50 coming under sharp selling pressure during the closing auction session (CAS).

The continued decline in crude oil prices, with Brent slipping below the key $100-a-barrel mark, provided some relief to investors and helped the domestic market recover from the day’s intraday lows. However, the benchmarks remained in negative territory at the close.

The Nifty50 settled at 23,329, down 85.30 points, or 0.36%, while the Sensex ended 329.91 points, or 0.44%, lower at 74,529.08.


The weakness extended to the broader market, with the Nifty Smallcap 100 and Nifty Midcap 100 indices closing 0.23% and 0.08% lower, respectively.

Among sectoral indices, the Nifty IT index declined nearly 0.9%, while the Nifty Realty index gained 0.9%.

Market breadth remained negative on the NSE, with 1,868 stocks declining against 1,679 advancing, while 123 stocks remained unchanged.

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Here are today’s top gainers on the Nifty

Here are today’s top gainers on the Sensex

Here are today’s top losers on the Nifty

Here are today’s top losers on the Sensex

Technical View

From a technical perspective, the immediate resistance for the Nifty50 remains at 23,400–23,500, according to Ponmudi R, CEO of Enrich Money.

On the downside, 23,300 remains the immediate support, followed by 23,200. A decisive break below 23,300 could intensify selling pressure and expose the index to the 23,200 zone.

“The RSI remains weak in the mid-30s, indicating subdued momentum, while the MACD histogram shows some easing in selling pressure but remains in negative territory, keeping the short-term momentum cautious,” Ponmudi said.

Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here