Stock Market Updates: Sensex Trades In Red, Nifty Falls Below 24,650

Sensex Today: After a positive start on Tuesday, Sensex and Nifty fell in the red territory as bearish momentum held the reins. Around 9:20 am, Nifty was trading flat at 24,637, while Sensex was down in the red territory to trade around 80,300.

India’s benchmark equity indices opened in green on Tuesday, September 30. Sensex started the session 182 points higher or 0.22 per cent at 80,541. Meanwhile, Nifty surged began the day at 24,691.

Among the top gainers in the 30-Sensex pack are Asian Paints (+1.95%), PowerGrid (+1.55%), Titan (+1.54%) and BEL (+0.92%). Eternal (-0.34%), ITC (-0.23%), Tech Mahindra (-0.18%) are in the top losers in the opening session.

At 6:40 AM, GIFT Nifty futures were down 4 points at 24,805, signalling a flat-to-weak

start for domestic markets.

Global Cues

On the global front, investors are awaiting key macroeconomic data, including the UK’s GDP growth figures and the Reserve Bank of Australia’s (RBA) interest rate decision. Back home, market participants will keep an eye on India’s external debt and government budget value data, while the weekly expiry of Nifty derivatives is also expected to influence sentiment.

Asian markets were trading mixed on Tuesday morning ahead of the RBA’s rate decision. A Reuters poll suggests the RBA is likely to keep its cash rate unchanged at 3.6%, as stubbornly high inflation limits the scope for policy easing.

Regionally, Australia’s S&P/ASX 200 gained 0.10%, South Korea’s Kospi added 0.27%, while Japan’s Nikkei 225 slipped 0.17%.

Overnight in the US, Wall Street’s major indices ended higher, led by the Nasdaq Composite, which rose 0.48% as investors picked up large-cap technology stocks. This rebound came despite lingering concerns about a potential US government shutdown and hawkish remarks from Federal Reserve officials. The S&P 500 gained 0.26%, while the Dow Jones Industrial Average inched up 0.15%.