Research Report : Indian Financial Markets Outlook – 30th September 2025

Ravi Bhatt

Sebi Registered Research Analyst - INH000012591
Website - www.capsavaj.com

Indian markets look volatile on monthly expiry date

In the early morning session, the GIFT Nifty traded flat at 24,688, indicating a muted open for the benchmark Nifty 50. European futures fell while US index futures were flat during Asian trading hours. Gold hit a new record and the dollar held its losses as concerns mounted over a US government shutdown. On Friday, the benchmark indices saw a volatile session and ended in the red after opening higher. Nifty ended 0.08% lower at 24634.90 while Sensex ended 0.08% lower at 80364.94.

Nifty PSU Bank snapped 3-day losing streak, and ended as the top gaining sector for the day. Sectoral indices settled mix. Foreign portfolio investors extended their selling streak into the sixth consecutive session on Monday. The overseas investors sold stocks worth approximately Rs 2,831.59 crore, according to provisional data from the National Stock Exchange. Domestic institutional investors remained buyers for the 25th session and mopped equities worth Rs 3845.87 crore.

Fundamental Update

• Bharat Electronics - The company gets additional orders worth Rs 1,092 crore since its last disclosure on Sept. 16. Positive

• SEPC - The company gets Rs 32.6 crore order from Avenir International Engineers and Consultants LLC. Positive

• RailTel Corp. - The company gets a Rs 37.5 crore order from Visakhapatnam Port Authority for implementation of Smart Video Surveillance. Positive

• Religare Enterprises - The company’s arm Care Health Insurance allots 1.7 crore shares of Rs 256 cr. Positive

Technical Update

• NIFTY – Nifty fell back after early rise towards 24,800 and settle marginally lower at 24,635 on Monday. Index is likely to be volatile with the swing towards 24,550 to 24,850 during expiry day.

• BANKNIFTY – Bank nifty traded positive during yesterday’s session ad closed marginally higher at 54,461. Index finds support at 54,250 while 54,700 is strong resistance. Today’s range – 54,000 – 54,850.

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