Indian Stock Market Update: Sensex Ends Lower, Real Estate Stocks Surge
On September 15, Indian benchmark indices closed lower, with the Sensex down 119 points and the Nifty below 25,100. However, real estate stocks saw a significant rise, driven by global and domestic factors. IT and auto sectors faced selling pressure.
Indian Stock MarketReal EstateIt SectorVodafone IdeaMic ElectronicsReal Estate NewsSep 15, 2025
At the closing bell, the BSE Sensex closed lower by 119 points (down 0.2%). Meanwhile, the NSE Nifty closed 44 points lower (down 0.2%). Eternal, Bajaj Finance, and Reliance Industries were among the top gainers today. On the other hand, Asian Paints, M&M, and Cipla were among the top losers.
The GIFT Nifty was trading at 25,181, down by 30 points at the time of writing. The BSE MidCap index ended 0.4% higher, and the BSE SmallCap index ended 0.7% higher. Sectoral indices were mixed, with energy and realty sectors witnessing buying, while auto and IT sectors faced selling pressure.
The Indian rupee is trading at 88.19 against the US$. Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 109,110 per 10 grams. Meanwhile, silver prices were trading 0.3% lower at Rs 128,440 per 1 kg.
In the capital goods sector, shares of MIC Electronics gained up to 6% in Monday's trade after the company secured two letters of acceptance (LoA) worth Rs 17.6 million from Indian Railways. The order from Sambalpur Division, Odisha, is for the shifting of existing coach indication board systems and auto announcement systems at Amrit Bharat stations. The contract, valued at Rs 1.20 crore, is to be executed within six months. Additionally, the company received an LoA from Integral Coach Factory, Chennai, for the supply of LED emergency lights worth Rs 5.6 million. The work is scheduled to be completed in nine months. MIC Electronics is engaged in the design, development, and manufacturing of LED video displays and high-end electronics and telecom products.
Moving on to the real estate sector, shares of several real estate companies jumped on September 15, lifting the Nifty Realty index by around 2.6 percent and making it the top sectoral gainer for the day. The index touched 908 in the afternoon, marking its highest level in 13 sessions. Analysts point to several factors driving this momentum. Global developments are influencing domestic markets. The US Federal Reserve is set to hold its FOMC meeting from September 16-17, with growing expectations of a rate cut amid weakening jobs data. Latest figures show the US economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, reinforcing hopes for lower rates. Although Indian real estate primarily operates in the domestic market, analysts anticipate that a US rate cut could be followed by similar easing from the Reserve Bank of India.
In the IT sector, shares of IT companies came under selling pressure on Monday as investors awaited clarity from the US Federal Reserve on the pace of interest rate cuts. Infosys was the biggest drag, falling 1.32% to Rs 1,505.40 on the NSE, despite its board approving an Rs 180 billion share buyback last week. Tata Consultancy Services (TCS) and Tech Mahindra also traded lower, dropping up to 1.1%. The Nifty IT index was the top sectoral loser, down nearly 1%, with all 10 constituents in the red, reversing the 0.3% gain recorded in the previous session. The US Federal Reserve is expected to announce its first rate cut of the year this week amid signs of a cooling labor market, though ongoing political developments are adding uncertainty to the timing and pace of the move.
In the telecom sector, shares of Vodafone Idea surged over 6 percent in early trade after reports indicated that the company's case against the Department of Telecom's (DoT) additional Adjusted Gross Revenue (AGR) dues is tentatively listed for hearing on 19 September. Vodafone Idea had approached the Supreme Court seeking to quash the DoT's additional AGR demand of Rs 9,450 crore, arguing that it exceeds the scope of the Court's earlier ruling on AGR liabilities. The DoT's extra demand of Rs 2,774 crore pertains to the post-merger entity - Idea Group and Vodafone Idea - following their August 2018 consolidation, while Rs 5,675 crore relates to pre-merger Vodafone Group liabilities. Vodafone Idea has contested the calculation, citing possible double-counting and requesting a recalculation starting from the pre-FY17 period. The telecom major has also been engaged in ongoing discussions with banks regarding additional funding, with talks reportedly progressing steadily.
Frequently Asked Questions
Why did the Indian stock market close lower?
The Indian stock market closed lower due to weakness in IT and auto sectors, and investors becoming cautious ahead of the U.S. Federal Reserve's policy decision.
Which sectors saw gains in the Indian stock market today?
Energy and realty sectors saw gains in the Indian stock market today, with the Nifty Realty index rising by 2.6 percent.
What factors are driving the rise in real estate stocks?
The rise in real estate stocks is driven by global developments, such as the US Federal Reserve's expected rate cut, which could be followed by similar easing from the Reserve Bank of India.
Why did IT stocks fall today?
IT stocks fell today as investors awaited clarity from the US Federal Reserve on the pace of interest rate cuts, leading to selling pressure in the sector.
What is the current status of Vodafone Idea's legal dispute with the DoT?
Vodafone Idea's case against the DoT's additional AGR dues is tentatively listed for hearing on 19 September. The company is contesting the calculation, citing possible double-counting and requesting a recalculation.
Related News Articles
Pune Bar Licence Holders Host Illegal Party to Raise Rent Funds
Three permit room licence holders of L3 bar in Pune organized an illegal party to raise funds to pay their rent dues, investigations reveal.
Real Estate Firms Max Estates and Prestige Estates Raise ₹5800 Crore via QIPs
Two real estate companies, Max Estates and Prestige Estates, have raised a total of ₹5800 crore through Qualified Institutional Placements (QIPs).
AIFs Fuel Indian Realty Growth, Poised for Continued Expansion
Alternative Investment Funds (AIFs) are transforming India's real estate sector, driving innovation and growth. With over $8.2 billion in announced fundraising plans, AIFs are expected to sustain market momentum.
China Boosts Property Market with USD 562 Billion in Credit and Housing Renovations
China has announced a USD 562 billion credit expansion and plans to renovate one million homes to rejuvenate its struggling real estate market. Despite initial market optimism, the lack of concrete details has dampened enthusiasm.
Nifty Market Levels to Watch: Trades on ICICI Bank and Phoenix Mills
The Nifty market saw a gap down start, following weak global cues. HSBC has picked certain real estate stocks as favorable picks post-market fall. Here’s what you need to know about the Nifty levels and trades on ICICI Bank and Phoenix Mills.
Mumbai Metro Line 3: Transforming Connectivity Between BKC and Worli
Mumbai Metro Line 3 is set to revolutionize the city's transit system by providing a seamless connection between BKC and Worli. The project, expected to boost real estate and economic activities, is a significant step towards modernizing Mumbai's infrastr