Stock Market Outlook Today: Sensex, Nifty May Stay Range-Bound; IT Stocks in Focus Amid H-1B Visa Fee Hike

Indian equity markets are bracing for a rougher start to the week, especially in the IT sector, as fresh U.S. policy changes create jitters among investors. After a strong week for Nifty IT, stocks in that segment having gained between 1% and 3%, all eyes are on how the market reacts today. The Trump administration's move to hike H‑1B visa fees significantly, plus new prevailing wage norms, is likely to send ripples through export‑oriented IT firms.

Stock Market Outlook Today For September 22, 2025

In addition to policy shocks from abroad, domestic markets ended the previous session on a muted note. On September 19, the benchmarks slipped, Sensex lost 387.73 points (0.47%) to close at 82,626.23, while Nifty gave up 96.55 points (0.38%) to end at 25,327.05.

"Overall, we expect the market to remain firm with a positive bias, aided by a potential consumption boost as the GST rate cuts become effective from September 22nd along with Navratri festivities beginning from the same day which should further push demand. Outlook for export-oriented sectors is also likely to improve, supported by the US Fed's recent rate cut and encouraging progress in the India-US trade talks," said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Stocks in Focus: Sector-wise Stocks Performances Trend

"Sectoral indices showed mixed movement, with PSU banks leading with 1.3% gains alongside pharma index (up 0.5%); while losses were seen in IT, private banks, financial services, auto and FMCG, reflecting selective buying in the market. IT index dropped by 0.5%, snapping three-day gaining streak on profit booking after Fed rate cut-led rise. Bank Nifty slipped 0.5% after a 12-session rally, as investors booked profits in select heavyweights," the expert added.

Sensex, Nifty Prediction Today: Check Technical Outlook By Market Experts

On the weekly chart, Nifty formed a bullish candle with a higher high and higher low, marking the third consecutive week of uptrend. On the daily chart, Nifty has witnessed a bullish crossover of its 20‑day and 50‑day EMAs, reinforcing the positive short‑term view.

"Nifty has immediate key resistance at 25,500-25,600. A decisive breakout above this range could drive further momentum on the upside towards the 25,900 levels. Nifty has already witnessed a 1000-point rally in the last three weeks, which has pushed the daily oscillators into overbought territory. Hence, some consolidation is likely in the range of 25,600-25,100. Key support is placed at 25,100-24,900 levels, being the confluence of the 20 & 50 days EMA and key retracement area. We believe dips should be used as a buying opportunity," as per Bajaj Broking Market Commentary.

Bank Nifty Outlook Today for September 22, 2025

Bank Nifty has also traced out bullish patterns, forming a bull candle with a higher high and higher low for the third straight week. The index remains above its short‑ and medium‑term moving averages. On the upside, if strength continues, targets of 56,000‑56,150 are plausible, as this range represents the 61.8% retracement of the previous decline. Clear movement above 56,150, in coming sessions, could open up further gains toward 57,000.

On the downside, immediate support is placed at 54,800, corresponding to key EMAs. A more critical support lies at 54,000, tied to the previous week's low and retracement levels as per Bajaj Broking report.

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