Stories
Sensex, Nifty End Flat Amid Volatility; Metal, Pharma Stocks Drag
- •Indian equity indices closed marginally lower for the third consecutive session on September 30, failing to sustain intraday gains.
- •The Nifty opened strong, crossing 22,800, but final-hour selling erased most advances in a volatile session.
- •Sensex dipped 0.07% to 72,480.29, and Nifty fell 0.42% to 22,620.45, with metal and pharma indices declining over 1%.
- •Banking, media, PSU Bank, Private Bank, and Realty indices saw gains, while broader indices like Nifty Midcap and Smallcap outperformed benchmarks.
- •Over 120 stocks hit 52-week lows, and the Indian rupee strengthened to ’95.82 per dollar.
Key Questions Answered
Indian equity indices ended marginally lower on September 30, extending their losing streak for the third consecutive session. At close, the Sensex dropped 48.78 points or 0.07 percent to settle at 72,480.29, while the Nifty declined 95.75 points or 0.42 percent to finish at 22,620.45.
Selling pressure in metal and pharma names, which declined more than 1% each, along with a 0.8% drop in the consumer durables index, dragged the indices down. Persistent foreign selling, elevated Brent crude around $103 a barrel, high US Treasury yields, and a weak rupee near the 96 per dollar mark kept market sentiment fragile.
Adroit Industries shares surged over 85% to close at ₹248.39 following a strong market debut at a 75.37% premium. Swastika Infra jumped 13% to ₹210 after listing at an 8% premium, whereas ArMee Infotech dropped 20% to ₹300 after a weak debut, and Elevate Campuses shed 11.7% to close at ₹319.70.
