Taking Stock: Selling continues for 7th day; Sensex, Nifty down marginally

Market Today

The market failed to build on opening gains and ended lower for the seventh straight session on September 29 with Nifty ending near 24,650.

At close, the Sensex was down 61.52 points or 0.08 percent at 80,364.94, and the Nifty was down 19.80 points or 0.08 percent at 24,634.90. BSE Midcap index rose 0.3 percent, while smallcap index down marginally.

Also Read: Moody's affirms India's 'Baa3' rating, maintains 'Stable' outlook

Axis Bank, Maruti Suzuki, L&T, Apollo Hospitals, Dr Reddy's Labs were among top losers on the Nifty, while gainers were Eternal, Bharat Electronics, IndusInd Bank, Titan Company, Wipro.

Among sectors oil & gas, PSU Bank, energy, realty added 1 percent each, while media index shed nearly 1 percent.

Also Read: GIFT City emerging as global biz hub but yet to match traditional financial centres: PwC Survey

In stock-specific action, Sammaan Capital shares gained more than 11% as stock out of F&O ban, SEPC shares added 1% on bagging order worth Rs 32 crore, Wheels India shares rose 4% on signing technical agreement with South Korean firm, Reliance Power addd 1% on selling Indonesian Coal subsidiaries to Biotruster (Singapore) for USD 12 mn.

Waaree Energies shares gained 2% on acquiring 76% stake in Racemosa Energy, Interarch Building Solutions shares fell 2% as company to invest Rs 100 cr in its new plant, Vascon Engineers jumped 11% on MoU with Adani Infra, Chambal Fertilisers & Chemicals shed 2% after CGST imposes penalty.

Index	Prices	Change	Change%
Sensex	81,773.66	-153.09	-0.19%
Nifty 50	25,046.15	-62.15	-0.25%
Nifty Bank	56,018.25	-221.10	-0.39%

Nifty 50 25,046.15 -62.15 (-0.25%)

Wed, Oct 08, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Titan Company	3,565.60	147.40	+4.31%

Biggest Loser	Prices	Change	Change%
Tata Motors	681.55	-16.50	-2.36%

Best Sector	Prices	Change	Change%
Nifty IT	35232.20	522.75	+1.51%

Worst Sector	Prices	Change	Change%
Nifty Auto	26522.40	-411.15	-1.53%

More than 140 stocks touched their 52-week high on the BSE, including Supreme Petro, Usha Martin, Tata Investment Corp, Indian Bank, RBL Bank, Minda Corp, among others. Click to View More

Outlook for September 30

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty continued to face selling pressure for the seventh day on trot on Monday and closed the day with minor loss amidst high volatility. After opening on a positive note, the market made an attempt to move up in the early part of the session. Selling pressure has emerged on every intraday rise on Monday and Nifty finally closed near the day's low.

A reasonable negative candle was formed on the daily chart with upper shadow. Technically, this market action indicates an inability of bulls to sustain the bounce back and this also signal possibility of some more weakness in the coming sessions.

Nifty is currently nearing an important support zone of around 24500-24400 levels (previous swing lows and 200day EMA) and this area could be reached in the next few sessions. However, any sustainable move above the hurdle of 24800-24900 levels could confirm near term bottom reversal pattern.

Ajit Mishra – SVP, Research, Religare Broking

Markets started the week on a volatile note and ended almost unchanged, taking a breather after the recent slide. Following a flat start, the Nifty oscillated sharply on both sides before finally settling at 24,634.90. On the sectoral front, a mixed trend kept traders engaged, with realty, energy, and metal posting gains, while auto and FMCG ended muted. In line with the benchmark, the broader indices also closed on a flat note.

On one hand, the overhang of recent U.S. policy actions has eased slightly; however, persistent foreign fund outflows and caution ahead of the MPC meeting continue to weigh on sentiment.

We believe oversold positions may now lead to some consolidation in the Nifty, with strong support around the 24,400–24,500 zone and resistance placed at 24,800–25,000. In the meantime, participants should focus on selective stock opportunities aligned with sectoral trends while keeping position sizes under check.

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.