8bit_market
📊Market Wrap, September 29: $SENSEX , $NIFTY50.NSE decline for second straight session dragged by Reliance, ICICI Bank;
- SENSEX closed at 72,529, down 243 points (0.33%).
- NIFTY50 closed at 22,716, down 64 points (0.28%).
- Declined for the second straight session.
📌Key Trigger:
- Surge in global crude oil prices, FII outflows, and a weak rupee (breached 96 vs USD).
- Recovered most of the intraday losses in the second half on value buying (ahead of September F&O expiry).
🔴Top Losers (NIFTY50):
Titan (-3%)
Wipro (-2.95%)
HCL Technologies (-2.44%)
Apollo Hospitals (-2.27%)
Tech Mahindra (-2.06%)
Reliance Industries
🟢Top Gainers (NIFTY50):
Adani Enterprises (+5.01%) – after SEBI settlement on MPS norms
Adani Ports (+4.49%)
Dr Reddy’s Labs (+2.53%)
Sun Pharma (+1.47%)
Infosys (+1.22%)
📌Summary: Markets closed mildly lower for the second consecutive day amid elevated crude prices, FII selling, and a weaker rupee. Adani Group stocks were standout gainers after a SEBI settlement.
2