Indices may open negatively on Sept 30, 2024

30 Sep 2024 , 09:11 AM

Indian benchmark indices, Sensex and Nifty 50, are expected to open on a negative note on September 30, influenced by GIFT Nifty, which was trading at around 26,315.50 earlier this morning. The market faced volatility on September 27, failing to sustain its record highs as selling pressure was observed in the media, banking, and realty sectors.

At the close of the previous session, the Sensex dropped by 264.27 points or 0.31%, settling at 85,571.85, while the Nifty 50 fell by 37 points or 0.14%, closing at 26,179.

Asian markets were also under pressure, with Japan’s Nikkei declining over 4% in early trading on Monday, as investors awaited key economic data from China. In contrast, the U.S. markets saw mixed results on September 27. The Dow Jones Industrial Average rose by 137.89 points or 0.33%, closing at 42,313.00. However, the S&P 500 slipped by 7.20 points or 0.13%, ending at 5,738.17, and the Nasdaq Composite fell by 70.70 points or 0.39%, closing at 18,119.59.

Foreign Institutional Investors (FIIs) turned net sellers on September 27, offloading equities worth ₹1,209 crore, while Domestic Institutional Investors (DIIs) continued their buying spree, purchasing equities worth ₹6,886 crore on the same day.