Stock market today: The Indian stock market continued to reel under pressure on Tuesday, September 30, with the benchmarks—the Sensex and the Nifty 50—extending losses for the eighth consecutive session.
The Sensex closed 97 points, or 0.12 per cent, lower at 80,267.62, while the Nifty 50 settled at 24,611.10, down 24 points, or 0.10 per cent. The BSE Midcap and Smallcap indices ended flat.
The overall market capitalisation of BSE-listed firms remained largely unchanged at ₹451.8 lakh crore from ₹451.5 lakh crore in the previous session.
In these eight sessions of losses, the Sensex has declined 3.31 per cent, while the Nifty 50 dropped by 3.20 per cent.
However, on a monthly scale, both indices ended over half a per cent higher, snapping their two-month losing streak.
Indian stock market: 10 key highlights from the day
1. Why is the Indian stock market falling?
The Indian stock market has been under pressure amid persisting concerns over foreign capital outflow and US tariffs.
Caution ahead of the RBI policy also added to the market’s downward move today. The market is expecting the central bank to hold rates steady amid favourable growth-inflation dynamics.
“The domestic market traded within a narrow range on the monthly expiry day, as investors exercised caution ahead of the RBI’s policy. The market made an attempt to stabilise after last week’s sustained decline,” said Vinod Nair, Head of Research, Geojit Investments Limited.
“Market participants are keenly awaiting the RBI’s commentary for insights into future interest rate trajectories, although a status quo on rates is widely expected. The near-term market outlook remains cautious, with price action likely to stay range-bound. Key developments, particularly regarding tariff policies and the upcoming earnings season, will be crucial in shaping the market’s trajectory beyond the current range,” Nair said.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
