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Nifty Faces Worst September in 25 Years; Bulls Eye Recovery Amidst Oil Price Dip
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CNBC TV18•30-09-2026, 07:44
Nifty Faces Worst September in 25 Years; Bulls Eye Recovery Amidst Oil Price Dip
- •Nifty lost over 1,300 points in September, marking its worst September F&O series in 25 years and the worst month since 2018.
- •Bulls found comfort as expiry lows were protected, with the Nifty closing above the crucial 22,700 mark.
- •Sustaining above 22,800-22,850 is key for Nifty to target 23,000, potentially triggering further short-covering.
- •Nifty Bank defended 54,000 on a closing basis; a move above 54,500 would be positive for the banking index.
- •BSE begins trading on the Nifty 50 today, with Avalon Tech, Tata Steel, and KPI Green among stocks to watch.
Key Questions Answered
The Nifty lost over 1,300 points, marking its worst September F&O series in 25 years with a decline of about 6% to 7% for the month.
BSE began trading on the Nifty 50 index following a surge in its shares during the final hour of trade ahead of its inclusion.
Bernstein lowered its price target for PB Fintech, as insurance stocks extended losses with PB Fintech falling 6%.
