Themorningbriefcorrectlyanticipatedapositiveopening,drivenbyGIFTNiftyfutureswhichpointed to a start around 24,813. The Nifty 50 indeed opened higher and touched a high of 24,791.
Pharma Sector Watch: The morning brief highlighted the US tariff deadline for the pharma sector.
Bank Nifty Resilience: As watched in the morning, Bank Nifty respected its support zone and outperformed, closing up
Top Laggards: Nifty Media (-0.85%), Nifty Private Bank (-0.29%), Nifty Consumer Durables (-0.19%).
Pharma Tariff Update: Indian Pharmaceutical Alliance's pushback against US tariff threats gained traction, with analysts noting that generic drugs remain largely unaffected by Trump's 100% tariff announcement on branded pharmaceuticals.
Themorningbriefcorrectlyanticipatedapositiveopening,drivenbyGIFTNiftyfutureswhichpointed to a start around 24,813. The Nifty 50 indeed opened higher and touched a high of 24,791. However, the bullish momentum was short-lived.
Despite a volatile session, the headline indices closed marginally lower as a sell-off in auto and IT stocks offset gains in the banking sector.
Today's session was defined by a clear divergence. While the Nifty 50 and Sensex extended their losing streak to a seventh day, the Bank Nifty snapped its losing streak and closed in the green. This was largely led by strength in PSU Banks. Another key pattern was the split in broader markets:
the Nifty Midcap 100 rose 0.27%, while the Nifty Smallcap 100 fell 0.07%, indicating selective buying in mid-tier stocks even as small-caps faced pressure. This suggests a flight to quality within the broader market, not just in large caps.
No major economic data was released today. Market participants are cautiously awaiting the outcome of the RBI's Monetary Policy Committee (MPC) meeting, which commenced today.
The India VIX, a measure of expected volatility, cooled off by 1.68% to 11.23. A falling VIX alongside a flat-to-negative market close is an anomaly. It suggests that despite the headline drop, traders are reducing their hedges, possibly anticipating that the worst of the recent sell-off is over and that the market may stabilize around current levels.
The tug-of-war between Foreign and Domestic institutions continues. FPIs/FIIs were net sellers, pulling out -₹2,805 crore (provisional). DIIs countered this by remaining net buyers to the tune of +₹3,690 crore (provisional), absorbing the foreign outflow.
The market's failure to hold its opening gains underscores a "sell on rise" sentiment. However, Bank Nifty's outperformance and the cooling VIX provide early signs of a potential base formation.
This newsletter is for informational and educational purposes only and does not constitute investment advice. 'Provisional' data is subject to revision by sources and will be reconciled next trading day. Market investments carry inherent risks, and past performance does not guarantee future results. Readers should conduct independent research and consult qualified financial advisors before making investment decisions.
This research is for information and education only and is not investment advice. Figures may be provisional. Oorjita.AI and its authors may hold positions in securities mentioned. Please consult a SEBI-registered investment adviser before making investment decisions. Published Monday, 29 September 2025, 9:57 PM IST.
All four layers aligned bearish. A/D = capitulation breadth.
India's Monday session closed positively as Nifty 50 settled at 25,713.00 (+141.75 points, +0.55%) and Sensex rallied approximately 350+ points, led by PSU banks and financial stocks.
Amagi Media Labs IPO closes for subscription, FII/DII flow trends continue, and technical levels around 25,700 for Nifty remain critical as markets resume after the mid-week break.
