Nifty index opened negative and continued to decline throughout the day, breaking all immediate support levels. The index has been forming lower highs and lower lows over the last six sessions, erasing nearly 820 points during this period. On the daily chart, it formed a bearish candle, closing with losses of around 240 points. The weekly chart also reflects a bearish pattern, breaking the three-week winning streak.
As long as the index remains below the 24,700 zone, weakness could extend towards 24,550 and then 24,442 levels. On the upside, hurdles have shifted lower to 24,700 and 24,850 zones.
**Option Market Insights:**
– Maximum Call Open Interest (OI) is seen at 25,000 followed by the 24,800 strike.
– Maximum Put OI is at 24,500 then 24,600 strike.
– Call writing activity is observed at 24,800 and 24,900 strikes.
– Put writing is seen at 24,500 and 24,650 strikes.
Option data suggests a broader trading range between 24,200 and 25,000 zones, with an immediate range between 24,500 and 24,900 levels.
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The S&P BSE Sensex also opened in negative territory and extended its decline towards the 80,700 zone in the first half of the session. It traded sideways within a narrow 200-point band but faced fresh selling pressure in the second half, pushing the index further down. The daily chart shows six consecutive sessions of lower highs and lower lows, signaling persistent weakness. On the weekly chart, a bearish candle indicates sustained selling pressure at higher levels. The Sensex closed with sharp losses of around 730 points.
As long as the Sensex holds below 80,600 zones, further weakness could drag it towards 80,100 and then 79,800 levels. On the upside, hurdles have shifted lower to 80,600 and 80,900 zones.
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Bank Nifty opened weak and remained under selling pressure for most of the session, correcting towards 54,300 zones. A large bearish candle formed on the daily chart as selling pressure continued and the pattern of lower highs remains intact for the sixth consecutive session. The weekly chart also shows a bearish candle, indicating bears retaining control at higher levels and negating the higher lows formed over the past three weeks.
Until the index holds below 54,500, weakness could extend to 54,000 and 53,750 levels. On the upside, resistance is seen at 54,500 and 54,750 zones.
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Nifty futures closed negative, down 1.07% at the 24,700 level.
**Stocks Showing Positive Momentum:**
Larsen & Toubro, AU Bank, Ashok Leyland, Eicher Motors, Maruti, TVS Motor, and Samman Capital.
**Stocks Showing Weakness:**
HFCL, Biocon, PG Electroplast, IndusInd Bank, Zydus Life, OFSS, United Spirits, Syngene International, HUDCO, Naukri, and UPL.
Sectors in focus during the week were IT, Pharma, and Realty.
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### Stocks That Remained in Focus During The Week
**Brigade Enterprises:**
Brigade Group has signed a Joint Development agreement to develop a residential project in Banashankari, 5th Stage, South Bengaluru. The project will span 7.5 acres and aims to deliver thoughtfully designed, high-quality residential spaces. The project has a gross development value (GDV) of approximately Rs 1,200 crore, reinforcing Brigade’s commitment to creating premium urban living experiences in Bengaluru’s high-growth corridors.
**KEC International:**
KEC International Ltd. secured new orders worth Rs 3,243 crore for Transmission & Distribution projects. The orders include 400 kV transmission lines in the United Arab Emirates (UAE) and supply of towers, hardware, and poles in the Americas. This strengthens KEC’s Middle East presence and substantially expands its international T&D order book. With these orders, the year-to-date intake stands at approximately Rs 11,700 crore.
**Dr. Reddy’s Labs:**
Dr. Reddy’s Laboratories and its subsidiaries announced that the EMA’s Committee for Medicinal Products for Human Use (CHMP) has given a positive opinion recommending marketing authorization for AVT03, a biosimilar of Prolia® and Xgeva®. Prolia® is used for treating osteoporosis and bone loss due to menopause, prostate cancer therapy, or long-term glucocorticoid use. Xgeva® is prescribed to prevent bone complications in advanced cancer and for treating giant cell tumor of bone in adults and adolescents. This approval paves the way for AVT03’s launch in European markets.
**Ceinsys Tech:**
Ceinsys Tech Limited received a Letter of Award from the Mumbai Metropolitan Region Development Authority (MMRDA) for upgradation and procurement of ESRI ArcGIS Software Products Enterprise Agreement amounting to Rs 15.95 crore excluding GST. The order covers four years and includes license delivery and operations and maintenance support for 16 quarters after license activation.
**Dilip Buildcon:**
Through its DBL-PSP Joint Venture, Dilip Buildcon has been declared the L-1 bidder for a tender floated by the Kerala Industrial Corridor Development Corporation Limited. The Engineering, Procurement & Construction (EPC) contract is worth Rs 1,115.37 crore with a project duration of 42 months. The order involves designing, construction, testing, commissioning, operation, and maintenance of infrastructure works at Pudussery Central & Kannambra of Palakkad Node in Kerala under the extension of Chennai Bengaluru Industrial Corridor (CBIC) to Kochi via Coimbatore.
**Waaree Energies:**
Waaree Energies Limited invested Rs 300 crore to set up a 3.5 GWh Lithium Ion Advanced Chemistry Storage Cell manufacturing plant through Waaree Energy Storage Solutions Private Limited, a wholly-owned subsidiary, via rights issue.
**Gujarat Pipavav Port:**
The port received a contract award letter dated 24th September 2025 from ONGC for hiring port and storage facilities at Pipavav Port for five years starting 1st October 2025. The arrangement includes providing marine support and storage as ONGC establishes its offshore supply base at Pipavav.
**Quality Power:**
Mehru Electrical and Mechanical Engineers Pvt. Ltd., a material subsidiary of Quality Power Electrical Equipments Limited, signed a Co-Development Agreement with Hyosung T&D India Pvt. Ltd. for designing and manufacturing gas-insulated switchgear (GIS) instrument transformers.
**RITES:**
RITES received a letter of award from Talis Logistics, South Africa, to supply and commission overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives. Delivery is expected within 6 to 8 months from receipt of advance payment. The order size is USD 18 million (CIF).
**Tata Motors:**
Jaguar Land Rover (JLR), a unit of Tata Motors, commenced restoration of its digital systems on September 25 following a $2.44 billion cyberattack. The attack, attributed to a group called “Scattered Lapsus$ Hunters,” disrupted global production, sales, and logistics. Core systems are gradually coming back online, enabling a phased restart of operations. A company spokesperson stated, “Sections of our digital estate are now up and running, and the foundational work of our recovery programme is firmly underway.”
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*Note: Images referenced in the original report can be added appropriately to complement the content.*
https://www.freepressjournal.in/business/weekly-market-review-top-stocks-in-focus-for-the-week-ended-26th-sep25