Key sectors like consumption, IT, and financials dragged the indices lower. Major Sensex losers included Bharti Airtel, ITC, Trent, Bajaj Finserv, Titan, Tech Mahindra, Reliance Industries, Larsen & Toubro, and Powergrid. Sector-wise, Nifty Media and Realty faced the heaviest selling pressure, with Consumer Durables and FMCG also under strain. This downturn highlights broader concerns over global trade tensions and domestic economic slowdown.
Asian markets showed mixed trends: Japan's Nikkei dipped 0.045% to 45,023, Hong Kong's Hang Seng fell 0.027% to 26,615.76, while Korea's Kospi rose 0.14% to 3,436 and China's Shanghai Composite gained 0.42% to 3,878. In the US, the Dow Jones closed up 0.15% at 46,316 on September 29, with Nasdaq up 0.48% and S&P 500 rising 0.26%, offering some global positivity.
On the IPO front, Solarworld Energy Solutions listed at Rs.389, an 11% premium over its Rs.333-351 price band, following its Rs.490 crore issue. Anand Rathi Share and Stock Brokers debuted at Rs.432, a 4% premium on its Rs.393-414 band, with a Rs.745 crore IPO. Jaro Institute of Technology Management and Research listed flat at Rs.890, matching its upper band.
Foreign Institutional Investors (FIIs) remained net sellers, offloading Rs.2,831.59 crore on September 29, while Domestic Institutional Investors (DIIs) bought Rs.3,845.87 crore. In August, FIIs sold Rs.34,993 crore, the highest in seven months, after Rs.17,741 crore in July.
Meanwhile, Mumbai-based Kusumgar Limited filed a DRHP with SEBI for a Rs.650 crore IPO, eyeing growth in engineered fabrics.
Investors are watching upcoming economic data and global cues closely as markets navigate these headwinds. Stay updated on Sensex today, Nifty updates, and latest IPO news for informed trading decisions.
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