Morning Market Report – 29 Sept 2025
Global Cues
US markets ended higher on Friday: Dow +0.65%, S&P 500 +0.59%, Nasdaq +0.44%, snapping a 3-day losing streak.
Core PCE (US Fed’s preferred inflation gauge) rose 2.9% YoY in Aug, in line with estimates.
US 10Y yield steady at 4.18%, Dollar Index at 98, Brent crude around $69.5.
GIFT Nifty
Trading +90 pts at 24,794, indicating a firm start (125 pts higher).
Domestic Snapshot
Nifty: Losing streak extends to 6 sessions, now ~800 pts off recent 25,450 peak.
Key question: Will oversold conditions trigger a bounce?
Expiry & RBI cues: Sep series expiry tomorrow; RBI MPC outcome on Oct 1.
Ind-US trade deal commentary remains a potential sentiment mover.
FII Flows
FIIs net sold $2 bn in cash last week; Friday selling at ₹5,687 Cr.
Index Futures: Net short addition of 19,067 contracts; sold ₹3,589 Cr.
Long exposure at just 14%, showing strong bearish positioning.
Options Data
Support: 24,450 – 24,550 zone.
Resistance / congestion: 24,800 – 24,850.
PCR at 0.63 (vs 0.68 earlier), suggesting oversold but cautious sentiment.
Key technical marker: Nifty 200 DEMA near 24,400 — bulls watching closely.
Key Indices to Watch
Nifty Bank and Nifty IT for directional cues.
Stocks in Focus