Markets End Volatile September on Weak Note; Nifty Slips Below 22,650
What Happened
Indian equities ended a volatile session with a negative bias. The Sensex closed near 72,480, down 0.07%, while the Nifty50 fell 0.42% to 22,620, slipping below the 22,650 mark. Selling in pharma, healthcare and metal stocks outweighed gains in banking shares. Top Gainers: ICICI Bank, Kotak Mahindra Bank, Axis Bank, IndiGo. Top Losers: Max Healthcare, Apollo Hospitals, Infosys, Adani Ports. Bank Nifty outperformed, rising 0.69% to 54,633.
Key Takeaways
September ended as a difficult month for Indian equities, with the Nifty posting its worst monthly performance in years as foreign outflows, elevated oil prices and global macro concerns continued to pressure market sentiment.