26 September 2025: Indian Stock Market Daily Review: Indices Drop Sharply as Select Midcaps Outperform, High Volumes Persist

Mumbai: On 26 September 2025, the Indian equity market experienced heavy selling amid ongoing sector-wide pressures, taking benchmark indices lower. Despite broad declines, a few high-momentum midcaps outperformed and attracted significant volume, offering opportunities in an otherwise risk-averse landscape.

Also Read: September 26, 2025 (Mid-cap): Indian Stock Market Update: Sharp Indices Drop, High-Volume Action in Select Counters

Market Performance & Index Movement

Nifty 50 closed at 24,654.70, down by 236.15 points (-0.95%). Broader indices followed suit—Nifty Next 50 fell 1.68%, Fin Service down 1.00%, and Nifty Bank slipped 1.07%. Persistent negative sentiment, influenced by both global and domestic factors, contributed to heightened volatility throughout the session.

Top Gainers: Strong Midcap Rally

Some midcap stocks delivered robust gains despite the prevailing weakness:

• BHARATGEAR: Up 20% to 141.62, on remarkable volume of 109.97 lakh shares, with a strong value of ₹148.70 crore.

• RACLGear: Surged 9.73% to 1,078.00, with healthy turnover.

• ASAL: Climbed 9.52% to 598.00, on 68.11 lakh shares and an outstanding ₹424.25 crores in value.

• MCL: Gained 9.24% to 58.29.

• AURUM: Rose 7.18% to 171.99, with a very high volume of 127.46 lakh shares and a turnover of ₹221.11 crore.

Top Losers: Sharp Selloff & Record Volumes

Losers saw significant erosion in value, particularly in midcap and smallcap names:

• SHRADHA-RE: Tumbled 28.4% to 3.00, making it the largest loser of the day.

• AERONEU: Dropped 17.04% to 84.10.

• HUBTOWN: Down 10.15% to 290.20, with a value turnover of ₹85.70 crore.

• PCJEWELLER: Fell 8.93% to 12.24, trading a record volume of 2,365.53 lakh shares and generating ₹292.38 crore in value.

• JAGSNPHARM: Slumped 8.48% to 214.99.

Volume & Turnover Insights

PCJEWELLER was the most actively traded stock, with volume exceeding 23 crore shares—underlining robust institutional churn and potentially speculative activity. On the positive side, AURUM and ASAL’s large turnovers pointed to keen buying interest from both retail and institutional investors.

Concluding Remarks: 26 September 2025

September 26, 2025, was defined by broad-based declines across indices but stood out for strong, selective midcap action and extraordinary trading volumes. As volatility persists, market participants are advised to focus on high-quality stocks and keep risk management as a priority.