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Sensex Gains 300 Pts, Nifty Above 23,100 on Value Buying and Crude Oil Decline
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Moneycontrol•25-09-2026, 09:41
Sensex Gains 300 Pts, Nifty Above 23,100 on Value Buying and Crude Oil Decline
- •Indian benchmark indices Sensex and Nifty traded higher on Friday, recovering from a sharp decline in the previous session.
- •Value buying in beaten-down stocks emerged as a key factor behind the market rise after the steepest drop in 10 weeks.
- •Crude oil prices edged lower, with Brent remaining above $105 a barrel, easing some pressure on the Indian market.
- •India Vix, the fear gauge, declined 3 percent to 12.32 level, indicating reduced market volatility.
- •Nifty 50 faces significant technical pressure; 23,200–23,300 acts as immediate resistance, while 23,000 is crucial support.
Key Questions Answered
The benchmark indices rose due to value buying in beaten-down stocks following a sharp decline in the previous session, alongside a decline in crude oil prices and a 3 percent drop in the India VIX fear gauge to 12.32.
According to Enrich Money CEO Ponmudi R, the 23,200–23,300 range acts as immediate resistance, while 23,000 serves as the key psychological support level backed by heavy Put open interest.
Brent crude futures declined by 0.82 percent to $105.73 a barrel, and West Texas Intermediate fell 1.65 percent to $93.05 as investors weighed a potential US-Iran truce against continuing geopolitical risks.
