India Benchmarks Muted amid US Visa Fee Hike, Auto Demand

On September 23, 2025, Indian equity indices were largely flat as strong auto and finance stocks saw gains from festive season optimism, but concerns over a steep rise in US H-1B visa fees dampened broader sentiment. The Sensex fell about 0.07%, and the Nifty dropped ~0.13%. Broader small- and mid-cap stocks also slid. External worries around trade and currency weighed on risk appetite despite domestic consumption themes showing strength. Volatility remains elevated.