On Nifty 50's first monthly expiry on Tuesday, September 30, the index saw some jittery moves, gyrating between gains and losses, following a seven-session losing streak. The 30-share Sensex pack also hovered close to the flatline, as investors exercised caution.
At 12:00 p.m., the Sensex was down 60.03 points or 0.07 percent at 80,304.91, and the Nifty was down 9.05 points or 0.04 percent at 24,625.85. About 1811 shares advanced, 1724 shares declined, and 152 shares unchanged.
Experts noted that volatility looms with September F&O expiry and headwinds from Trump’s tariffs, visa fee, pharma levy, persistent FII selling and RBI policy outcome.
The sectoral indices showed a mixed trend on Dalal Street. Gains in PSU banks and metals helped limit the downside, while selling in realty, FMCG, and media weighed on sentiment. The Nifty PSU Bank index was the top gainer, rising 1.7 percent, followed by Nifty Metal which advanced 1.49 percent. IT stocks also edged higher with the Nifty IT index up 0.35 percent.
On the other hand, Nifty Media was the worst hit, slipping 1.32 percent, while Realty lost 0.71 percent and FMCG fell 0.27 percent. Energy, Infra, and Auto indices also traded in the red with mild losses. Pharma was largely flat.
The Nifty 50 opened on a cautious yet mildly positive note, briefly testing the 100-EMA zone near 24,745. However, quick profit booking by short-term traders pulled the index back below 24,700, reflecting the market’s fragile mood.
"A sustained move above the 24,745–24,800 band could trigger short covering and open the path toward 24,950. On the flip side, a slip below 24,640 may revive selling pressure and drag the index toward the crucial slope support at 24,535, keeping traders on edge," Ponmudi R, CEO of Enrich Money said.
Follow our market blog to catch all the live updates
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
