Quote on Closing Market Summary 08th September 2025 by Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited
Below the Quote on Closing Market Summary 08th September 2025 by Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited
"Indian stock markets ended slightly higher on September 8 after a volatile session. The Sensex rose 76.54 points, or 0.09%, to close at 80,787.30, while the Nifty gained 32.15 points, or 0.13%, to settle at 24,773.15. Broader markets performed better, with the BSE Midcap and Smallcap indices advancing 0.5% each, showing continued investor interest beyond large-cap stocks.
On Monday, the Nifty faced resistance near the 24,900 level after showing recovery on Friday and ended the day with a gain of 32 points. The index formed a small red candle with a long upper shadow on the daily chart, reflecting consolidation and volatility. While buying interest is visible at lower levels, the zone of 24,900–25,000 continues to act as a strong hurdle. On the positive side, Nifty managed to close above its 10- and 20-day EMAs near 24,730, keeping the trend positive. However, as long as it stays below 25,000, some more consolidation or mild weakness may be seen in the next couple of sessions. Immediate support is placed around 24,620.
On September 8, 2025, Bank Nifty closed at 54,186.90, up 72.35 points (0.13%), after hitting a high of 54,518.70. Gains were led by Canara Bank, AU Small Finance Bank, Bank of Baroda, PNB, and SBI, while Kotak Mahindra Bank and IndusInd Bank slipped. Sentiment was aided by Fed rate-cut hopes and GST benefits, though FII outflows capped upside. Key resistance is seen at 54,500–55,000, with support at 53,600–53,000.A clear move above 55,000 may spark fresh buying in Bank Nifty, while the index could stay range-bound between 53,600–55,000 for now. The next direction will likely depend on heavyweight banking stocks.
The India VIX closed at 10.84, up slightly by 0.56%, reflecting relatively stable volatility despite intraday swings. In the derivatives market, the highest Call open interest was at the 24900 strike, while the highest Put open interest was at the 24,500 level, indicating a firm resistance near 24900 and solid support around 24,500."
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