Taking Stock: Market ends flat amid volatility; autos zoom on price cut

On the sectoral front, Auto index rose 3.3%, realty oil & gas, PSU Bank, metal up 0.5-1%, while IT index shed 0.75%.

Indian indices failed to hold on the intraday gains and ended marginally higher in the volatile session on September 9 with Nifty above 24,750 led by auto, metal, oil & gas and PSU Banks.

After a positive opening, the benchmark indices extended the gains as the day progress with Nifty hitting day's high of 24,885.50, however, the last hour profit booking erased most of the gains to close near day's low.

At close, the Sensex was up 76.54 points or 0.09 percent at 80,787.30, and the Nifty was up 32.15 points or 0.13 percent at 24,773.15. BSE Midcap and smallcap indices up 0.5% each.

Tata Motors, JSW Steel, Eicher Motors, M&M, Bajaj Auto are among major gainers on the Nifty, while losers are Trent, SBI Life Insurance, Asian Paints, TCS, Tech Mahindra.

On the sectoral front, Auto index rose 3.3%, realty oil & gas, PSU Bank, metal up 0.5-1%, while IT index shed 0.75%.

Also Read: SEBI may open ‘automatic window’ for foreign investors to stem equity outflows

In stock-specific action, Prime Focus shares gained 10% post Ramesh Damani, Madhu Kela's AMC, Utpal Sheth bought shares of the company, Tata Motors shares added 3.6% on reduction in prices of cars and SUVs, Mahindra and Mahindra shares rose 4% on prices cut across its ICE SUV portfolio, BHEL share price up 2.3% on long-term MoU with Singapore-based Horizon Fuel Cell Technologies, Servotech shares added 5.8% post strategic partnership with Zhuhai Piwin New Energy, Adani Power share price rose 4.2% on setting-up 570 MW hydroelectric project in Bhutan.

SpiceJet shares slipped 3.25% on reporting losses of Rs 233 crore in Q1, Vedanta down 2%, Jaiprakash Associates shares fell 5% as former wins bid to acquire the later one.

Index	Prices	Change	Change%
Sensex	81,581.38	374.21	+0.46%
Nifty 50	25,011.35	117.10	+0.47%
Nifty Bank	56,030.60	441.35	+0.79%

Nifty 50 25,011.35 117.10 (0.47%)

Mon, Oct 06, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Max Healthcare	1,117.80	48.60	+4.55%

Biggest Loser	Prices	Change	Change%
Tata Steel	170.05	-3.16	-1.82%

Best Sector	Prices	Change	Change%
Nifty IT	34478.40	528.65	+1.56%

Worst Sector	Prices	Change	Change%
Nifty Metal	10176.70	-100.40	-0.98%

ACME Solar share price gained 3% on placing 2 GWh Battery Energy Storage System order through Posco International Corporation, Max Estates shares rose 2.6% on executing securities purchase agreement to acquire Base Buildwell.

More than 160 stocks touched their 52-week highs on the BSE, including KIOCL, Gujrat Mineral, Ashok Leyland, Tata Steel, Muthoot Finance, M&M, JSW Steel, TVS Motor, UNO Minda, L&T Finance, Dalmia Bharat, Cummins India, Nykaa, among others. Click to View More

Outlook for September 9

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After witnessing a sustainable recovery from the lows on Friday, Nifty encountered hurdle around 24900 levels on Monday and showed profit booking from the highs and closed with the gains of 32 points.

A small red candle was formed on the daily chart with long upper shadow. Technically, this market action indicates a consolidation movement in the market with volatility. Though, buying is emerging from the lows, the market is finding stiff resistance of around 24900-25000 levels (down sloping trend line on the daily chart and previous weekly highs). However, Nifty manages to close above the daily 10/20-day EMA around 24730 levels.

The underlying trend of Nifty remains positive with choppy movement. Having placed below the crucial overhead resistance around 24900-25000 levels, there is a possibility of some more consolidation or minor weakness in the next 1-2 sessions. Immediate support is placed at 24620. A decisive upside above 25000 is likely to open sharp buying in the market.

Ajit Mishra – SVP, Research, Religare Broking

Markets started the week on a positive note and ended with modest gains amid mixed cues. After opening firm above the 24,800 mark, the Nifty gradually moved higher through the day; however, sharp profit-taking in the final hour trimmed the gains. On the sectoral front, autos,realty and metals were among the performers, while IT and FMCG lagged. Broader markets displayed resilience, with the Nifty Midcap and Smallcap indices closing modestly higher—underlining sustained interest in the wider universe.

Investor sentiment was supported by the GST rate cut tailwinds and dovish signals from the US Federal Reserve, which bolstered rate-cut hopes after weak US jobs data. Easing geopolitical risks and optimism around India’s domestic economic outlook also lent support to select sectors. However, persistent foreign institutional selling and speculation over potential restrictions on IT services exports capped the upside. Fund flows reflected a tug-of-war between FII outflows and robust DII buying, a typical feature of markets at an inflection point.

On the index front, we expect the prevailing tussle to end only with a decisive breakout above the 25,000 mark on the Nifty, while the 24,400–24,600 zone should act as a cushion. We suggest closely tracking the performance of banking and IT majors for the next directional move in the index. Meanwhile, traders should continue to focus on other sectors that are holding firm and participating on a rotational basis.

Disclaimer: The views and investment tips expressed by 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 decision.