Sensex: Closed higher by ~0.24%, around 80,787–80,900
Nifty 50: Up ~0.13–0.25%, around 24,770–24,800
Nifty Bank: Trading in a tight range; holding above the key support level of 53,500–53,600
Top Gainers & Losers (Today)
As per 5paisa:
Top Gainers:
1.Tata Motors: +4.02%
2.M&M: +3.93%
3.Bajaj Auto: +3.84%
4.Eicher Motors: +3.56%
5.JSW Steel: +2.64%
Top Losers:
1.Trent: –3.85%
2.Asian Paints: –1.90%
3.Dr. Reddy’s Labs: –1.38%
4.SBI Life Insurance: –1.35%
5.Tech Mahindra: –1.16%
FII & DII Activity (Cash Market, September 8)
Foreign Institutional Investors (FII):
Net sellers to the tune of approximately ₹2,170 crore
Domestic Institutional Investors (DII):
Net buyers worth about ₹3,014 crore .
What to Expect Tomorrow
Market Drivers: Sentiment is buoyed by GST cuts and strong hopes for a U.S. Fed rate cut—a tailwind likely to persist into tomorrow’s trading . With all 16 major sectors in the green today, breadth is healthy . Technical Outlook (Kotak Securities via LiveMint): Resistance: Nifty needs to breach 24,900 to fuel a rally toward 25,000–25,100.
Support Zones: Near-term support lies around 24,650–24,600.
A dip below 24,600 may see further corrections toward 24,500–24,450.
Nifty Bank’s resilience near 53,500–53,600 support hints at a cautious bullish bias. A sustained break above this range could open the path toward the 54,000–54,500 zone.
Index Behavior
Bullish Case: If gains carry, and Nifty 50 breaks the 24,900 mark, we could see a move toward 25,000–25,100. Bearish Risk: A slide below 24,600 may trigger corrections toward 24,500–24,450.
FII–DII Flow Impact: Continued FII selling could weigh on sentiment. However, persistent DII buying offers a positive buffer against foreign withdrawal. Other Catalysts to monitor: Broader macro developments (e.g., India–U.S. trade progress) and global cues will remain in focus . Any firm positives from GST reform, domestic consumption data, or corporate performances may amplify gains for auto, metals, and consumption-heavy sectors.