The Indian stock market witnessed a volatile start today, with the Sensex experiencing fluctuations and the Nifty hovering below the 25,850 mark. Both benchmark indices reflected the impact of global cues and recent Federal Reserve decisions.
Market Performance:
The Sensex and Nifty 50 were likely to open cautiously, mirroring mixed signals from global markets. The Gift Nifty traded around 26,058, indicating a mildly positive start for the Indian market. However, Thursday saw steep losses, with the Nifty 50 closing below 25,900 and the Sensex dropping 592.67 points (0.70%) to close at 84,404.46. The Nifty 50 settled 176.05 points (0.68%) lower at 25,877.85.
Sectoral Performance and Key Stocks:
NTPC and Power Grid Corporation of India experienced declines of up to 2%. * NTPC: NTPC's share price returns have varied, with a one-year decrease of 15.51% but a three-year increase of 98.31%. NTPC is set to start commercial operations of a 9.9 MW wind capacity in Gujarat from October 25, 2025. NTPC declared an interim dividend of Rs 2.75 per share for FY26, payable on November 25, 2025. * Power Grid Corporation: The current price of POWERGRID is 291.50 INR, a decrease of 1.30% in the past 24 hours. Over the last year, Power Grid Corporation has shown an 8.49% decrease.
Global Market Influences:
Asian markets traded mostly higher, with Japan's Nikkei hitting a new record. The U.S. stock market ended lower, weighed down by tech stocks. Investors are closely watching trade developments between the U.S. and China, which could provide clarity to world equity markets.
Expert Views:
Shrikant Chouhan of Kotak Securities noted that the Sensex is witnessing range-bound activity. He suggested level-based trading strategies for day traders, with a weak sentiment expected to continue as long as the Sensex trades below 84,500.
Nifty Open Interest (OI) Data:
Maximum Nifty Call Open Interest (OI) was observed at the 25,900 and 26,000 strikes, while maximum Put OI was concentrated at the 25,800 and 25,700 strikes. This OI setup indicates immediate support around the 25,800 – 25,700 zone and resistance near the 25,900 – 26,000 range.
Overall Sentiment:
The market sentiment remains cautious due to global economic factors and Federal Reserve policy. Investors are advised to stay informed and consult with certified experts before making investment decisions.
