Nifty ended 24 points lower, while the Sensex down by 97 points
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, September 27, 2025: Today, the benchmark indices witnessed lacklustre activity. The Nifty ended 24 points lower, while the Sensex was down by 97 points. Among sectors, PSU Bank and Metal indices gained over 1 percent, whereas Capital Market and Media indices shed over 1 percent. Technically, after a muted open, the entire day’s market hovered between the 24,600/80200 to 24,730/80600 zones. There was non-directional intraday activity, with a small bearish candle indicating indecisiveness between the bulls and the bears.
We believe that the intraday market texture is non-directional; perhaps traders are waiting for an either-side breakout. On the higher side, 24,800/80800 would act as an immediate breakout zone for the bulls. Above this, the pullback move could continue till 24,900-24,950/81000-81300. On the flip side, below 24,550/80000, selling pressure is likely to accelerate. Below this level, the market could slip to 24,450-24,400/79800-79500.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds: Indian equities gave up early gains on September 30, with the Sensex dropping over 400 points from the day’s high before closing 97.32 points, or 0.12%, lower at 80,267.62. The Nifty ended 23.8 points, or 0.1%, down at 24,611.10. Market breadth was largely balanced, with 1,970 stocks advancing and 1,939 declining.
Persistent foreign investor outflows—totaling $2.55 billion in September—remained an overhang on sentiment. Analysts said sustained selling pressure continues to limit upside, with key Nifty support seen at 24,400–24,500. Meanwhile, India VIX rose 3% to 11.73, indicating a pick-up in near-term volatility ahead of the RBI policy outcome and the monthly F&O expiry.
