Nifty smashed by September gloom; receives drubbing for 8th straight day. India VIX 11.06.

NIFTY (-24, 24611)
Sensex (-97, 80268)
Bank Nifty (+175, 54636)

# The negative takeaway from today’s trade was that Nifty traded sluggish and most importantly, ended on a jittery note.

# The pessimism at Dalal Street revolved around 7-big headwinds:

1) FIIs persistent selling.
2) Trumps’ 50% higher tariff for India.
3) Trumps’ new ‘one-time payment’ $100,000 H-1B visa fee.
4) President Trump imposing a 100% tariff on branded and patented pharmaceuticals from October 1, 2025, unless companies set up U.S. production.
5) Investors remain on edge ahead of the Reserve Bank of India’s policy outcome on Wednesday.
6) Deteriorating technical landscape (a probable H&S pattern on the daily charts)
7) Wall Street index futures trade with negative bias amidst US Government shutdown risk.

# Long Story short: Caution continues to be the buzzword.

# Adv-Dec 27—22
# INDIA VIX 11.06 (-2.73%)
# NIFTY PCR (7th OCT) 0.72
# NIFTY PCR (28th OCT) 1.05
# USD/INR Futures (Sep) (+0.02%, 88.92)

# SECTOR GAINERS:
NIFTY PSUBANKS (+1.84%)
NIFTY METAL (+1.16%)
NIFTY AUTO (+0.40%)

# SECTORS LOSERS
NIFTY MEDIA (-1.23%)
NIFTY CONSUMER DURABLES (-0.87%)
NIFTY REALTY (-0.82%)

# TODAY’S MARKET RE-CAP:

1) Nifty (-0.10%) witnesses an uninspiring session and the negative takeaway was the benchmark ended lower for the 8th straight day.

Nifty is now below its 21 DMA (24959), 50 DMA (24848) and its 100 DMA (24942).

Nifty’s 200 DMA at 24162 mark.

2) Bank Nifty (+0.32%) witnessed an uninspiring session and ended on a jittery note. Bank Nifty’s new all-time-high continues to be at 57628.40 mark

3) The market breadth (26:24) was relatively neutral.

4) Nifty Mid-cap (-0.01%) and Nifty Small-cap (+0.15%) indices ended with small gains.

5) Technically, confirmation of strength only if Nifty closes above its biggest hurdles at 25000 mark.

# Bottom-line: Until Nifty 25000 mark is a hurdle, expect volatility, volatility and volatility to the preferred theme at Dalal street.

# STOCKS IN SPOTLIGHT:

1) Blue Dart Express (+2.81%) gained after the company announced that the average shipment price is set to increase in the range of 9% to 12%, depending on product variabilities and the customer’s shipping profile, effective from 1 January 2026.

2) SEPC rose 0.76% after the company secured a Rs 32.6 crore order from Avenir International Engineers and Consultants LLC, Abu Dhabi, for a total consideration of AED 13 million. (Approximately Rs 32.63 crore) for providing engineering services across various ADNOC projects.

3) DCX Systems added 2.42% after the company received purchase orders totaling approximately Rs 49.89 crore from its customers as part of its regular business operations.

4) Bharat Heavy Electricals (BHEL) (+2.09%) after the company received a letter of award from Madhya Pradesh Power Generating Company (MPPGCL) for two supercritical thermal power projects in the state.

# BULLS OF THE DAY:
ADANIPORTS (+1.66%)
ULTRACEMCO (+1.65%)
JSWSTEEL (+1.61%)
TATAMOTORS (+1.49%)
HINDALCO (+1.35%)

# BEARS OF THE DAY:
INDIGO (-2.03%)
ITC (-1.36%)
BAJAJFINSV (-1.17%)
BHARTIARTL (-1.01%)
TECHM (-0.97%)

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