POST-MARKET SUMMARY 29th September 2025
The market failed to sustain early gains and ended lower for the seventh straight session on September 29, with the Nifty closing below 24,650. After a positive start, the index attempted to move higher in the early trade but faced consistent selling pressure on every rise, eventually finishing near the day’s low.
In the broader market, the BSE Midcap index rose 0.3%, while the BSE Smallcap index slipped 0.2%. Sector-wise, oil & gas, PSU banks, energy and realty gained between 0.7% and 1.8%, whereas defence and media declined by 0.8% to 1.4%.
NIFTY: The index opened 74 points higher at 24,728 and made a high of 24,791 before closing at 24,634. Nifty has formed a bearish candle with an upper shadow on the daily chart. Its immediate resistance level is now placed at 24,700 while its immediate support is at 24,600.
BANK NIFTY: The index opened 71 points higher at 54,460 and closed at 54,461. Bank Nifty has formed a Doji like candlestick pattern on the daily chart. Its immediate resistance level is now placed around 54,650 while immediate support is around 54,400.
Stocks in Spotlight
▪ Wockhardt: Stock surged 17% after clarity emerged that President Trump’s new tariff on branded pharma imports will not apply to countries with trade agreements with the U.S. This exemption benefits the EU and Japan, offering relief to Wockhardt which operates manufacturing facilities in Europe.
▪ Voltas: Stock gained more than 2.5% after LIC disclosed that it had raised its stake in the company beyond the 5% threshold.
▪ Azad Engineering: Stock rose 2.5% following the signing of a long-term contract and price agreement worth $73.47 million (Rs 651 crore) with Mitsubishi Heavy Industries Ltd, Japan.
Global News
European and Asian markets were mostly higher on Monday after Wall Street snapped a three-day losing streak on Friday, trimming last week’s losses.
Crude prices fell over 1% as OPEC+ signaled another output hike in November and Iraq’s Kurdistan resumed exports via Turkey, raising global supply expectations.
Gold prices crossed $3,800/oz for the first time ever, as concerns over a potential U.S. government shutdown fueled safe-haven demand amid heightened geopolitical uncertainty. Read more: US Democrats, Trump set to Face Off in Budget Battle that could trigger Govt Shutdowns.
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