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Indian Market Closing Update on last
session
Nifty 50 closed marginally higher
at 24,741, up 6.70 points (+0.03%).
Sensex ended almost flat at 80,710.76,
down 7.25 points (−0.01%).
Markets stayed volatile, swinging
between early optimism and late profit-booking.
Gains were initially fueled by
optimism around the government’s proposed GST 2.0 reforms.
Auto stocks led the rally,
benefiting from expectations of lower tax rates.
Reliance Industries and HDFC Bank
provided strong support to the indices.
IT and consumer stocks dragged
the market down, offsetting earlier gains.
Overall, the indices ended nearly
unchanged despite a strong intraday rally.
For the week, both Nifty and
Sensex posted around 1% gains, supported by GST optimism.
Analysts caution that sustained
corporate earnings recovery is key for future market momentum.
Market Overview & Trend (Nifty 50 &
Bank Nifty)
NIFTY 50: The
index faced resistance near 25,153 and retraced toward key Fibonacci levels.
Strong support is placed at 24,768 and 24,690, with a deeper base around 24,404.
The bounce has formed a short-term upward channel, and the 200-period moving
average is acting as support. A breakout above 24,866–24,987 may lead to
bullish momentum, while a fall below 24,690 could invite further downside.
NIFTY-50 CHART
BANK NIFTY : The index faced strong resistance near 56,157 and has been in a
declining channel since. Fibonacci retracement shows resistance around 55,579
and 55,274, while key support lies near 54,728 and the recent low at 53,845.
Prices are consolidating within the downward channel, with moving averages
exerting pressure from above. A breakout above 54,934–55,274 could signal
recovery, but failure to hold 53,845 may extend the downside trend.
BANK NIFTY CHART
Sector-wise Trend Outlook
- IT Sector : Trend Outlook: Facing near-term softness due to weak global demand, but long-term growth supported by AI, cloud, and digital transformation.
- Auto Sector : Trend Outlook: Showing strong momentum supported by robust festive demand, easing input costs, and optimism from GST 2.0 reforms. EV adoption and government incentives are adding to the positive long-term outlook, though rural demand recovery will be key for sustained growth.
- Banking Sector : Trend Outlook: Under pressure from margin stress and NPAs; outlook stable with AI adoption and FDI reforms as future drivers.
TOP5 VOLUME SHOKERS IN NIFTY
|
SCRIPT NAME |
LTP |
5
DAYS AVERAGE VOL. |
CURRENT VOL. |
VOL +/- |
|
HCLTECH |
1419.00 |
2159503.50 |
3895199 |
1735695.38 |
|
INDUSINDBK |
757.05 |
1728002.75 |
2873689 |
1145686.25 |
|
TCS |
3048.30 |
1797009.00 |
2802055 |
1005046.00 |
|
BAJAJ-AUTO |
9084.50 |
505320.41 |
231190 |
-274130.41 |
|
SUNPHARMA |
1593.60 |
3957844.25 |
1814479 |
-2143365.25 |
BASED
ON OPEN INTEREST - LONG BUILD UP & SHORT BUILD UP
LONG
BUILD UP
|
SCRIPT NAME |
LTP |
SPOT |
CHNG IN PRICE |
CHNG OI (%) |
CURRENT VOL. |
|
IDEA 30-Sep-2025 FUT |
7.27 |
7.25 |
0.65 |
100.00 |
4294967295 |
|
YESBANK 30-Sep-2025 FUT |
20.54 |
20.44 |
0.20 |
0.12 |
794636100 |
|
PNB 30-Sep-2025 FUT |
104.22 |
103.62 |
0.44 |
0.18 |
249232000 |
|
ETERNAL 30-Sep-2025 FUT |
331.00 |
329.50 |
3.25 |
0.16 |
241804025 |
|
NMDC 30-Sep-2025 FUT |
74.96 |
74.58 |
1.25 |
1.36 |
232794000 |
SHORT
BUILD UP RT BUILD UP
|
SCRIPT NAME |
LTP |
SPOT |
CHNGIN PRICE |
CHNG OI (%) |
CURRENT VOL. |
|
GMRAIRPORT 30-Sep-2025 FUT |
86.40 |
86.14 |
-0.45 |
0.73 |
184425975 |
|
WIPRO 30-Sep-2025 FUT |
244.10 |
244.36 |
-0.87 |
0.67 |
122133000 |
|
BEL 30-Sep-2025 FUT |
373.60 |
371.75 |
-0.15 |
0.41 |
104458200 |
|
ICICIBANK 30-Sep-2025 FUT |
1407.40 |
1403.50 |
-3.80 |
2.18 |
104199900 |
|
GAIL 30-Sep-2025 FUT |
174.44 |
173.99 |
-0.60 |
0.92 |
101474100 |
Small
Cap & Midcap Technical Picks
1) Hyundai’s stock
has been in a strong uptrend, moving from the 1,800 zone to above 2,500,
supported by well-aligned moving averages that confirm bullish momentum. After
hitting a recent high near 2,605, the price is currently consolidating,
suggesting a healthy pause within the trend. Key support levels are placed
around 2,360 and 2,115, which are likely to attract buying interest on dips. A
decisive breakout above 2,605 could trigger the next leg of the rally, while a
breakdown below 2,360 may invite a short-term correction. Overall, the stock
maintains a positive outlook with strength intact.
2) JINDALSTEL : The
stock is trading in a rising channel, signaling a sustained medium-term
uptrend. After taking support near 836–850 (support line T2-d), it has
rebounded strongly and is now trading close to 1,034, near the channel’s upper
band. Key supports lie at 920 and 836, with the 200-day moving average also
acting as a cushion. A decisive breakout above 1,088 could trigger the next leg
of bullish momentum, while a fall below 920 may weaken the trend. Overall, the
outlook remains positive as long as the stock holds within the channel.
Market
News & Sentiment
- Nifty & Sensex Trend: Markets showed moderate
recovery last session, with Nifty 50 and Sensex regaining some previous
losses.
- Global Cues: Mixed trends in
US markets and stable crude oil prices supported domestic sentiment.
- FII/DII Activity: FIIs
continued net selling, but DIIs provided supportive buying to balance the
market.
- Economic Data: RBI
policy signals and inflation data contributed to cautious optimism.
- Corporate News:
Quarterly results and earnings forecasts of selected blue-chip companies
caused short-term volatility.
- Commodity Impact:
Minor movements in gold and crude influenced energy and commodity-linked
stocks.
- Union Minister for Finance and Corporate Affairs Ms.
Nirmala Sitharaman announced major GST rate cuts from September 22, 2025,
hailed by Prime Minister Mr. Narendra Modi as a next-generation reform.
- India unveils a Rs. 1,500 crore (US$ 170.4 million)
scheme to recycle e-waste and batteries, targeting 40 kilo tonnes of
critical minerals and 70,000 jobs.
- India’s steel demand is projected to nearly triple
by 2050, lifting its global share from 8% to 21%, as China’s dominance
wanes, making India a key driver of long-term steel growth.
- India’s top eight cities offer 106 million sq. ft.
of transit-oriented real estate potential, led by Delhi-NCR with 32
million square feet, reshaping urban growth around metro, rail, and bus
hubs.
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