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Below the Quote on Closing Market Summary 30th September 2025 by Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking Private Limited

On September 30, Indian equity markets closed on a negative note, remaining largely range bound through the session. At close, the Sensex was down 97.32 points or 0.12 percent at 80,267.62, while the Nifty slipped 23.80 points or 0.10 percent to settle at 24,611.10.

The Nifty 50 opened on a flat note and traded sideways with a bearish bias, eventually closing in the red for the ninth consecutive day—signaling sustained selling pressure. From a technical perspective, a sustained move above 24,750 could pave the way for a rally toward 24,800 and 24,900. On the downside, immediate support lies at 24,500 and 24,400, which may serve as potential entry points for long trades. Market breadth was nearly balanced, with 1,970 shares advancing, 1,939 declining, and 153 remaining unchanged.

The Bank Nifty also reflected a largely sideways trend but managed to close 174 points higher, indicating early signs of a potential short-term recovery. A decisive break below the key support of 54,200 could still trigger downside pressure toward 54,000 and 53,790 (200-day EMA). On the upside, resistance is placed in the 54,800–55,000 zone, with a breakout above this range likely to drive momentum toward 55,500.

Meanwhile, the India VIX — a key gauge of market volatility — fell 2.64 percent to 11.065, reflecting subdued volatility despite ongoing uncertainty. In the derivatives segment, open interest (OI) data showed the highest call writing at the 24,700 and 24,800 strikes, while the maximum put OI was concentrated at 24,600. This positioning highlights strong resistance around the 24,700 mark. Overall, sentiment remains cautiously optimistic, but a decisive close above 24,700 will be crucial to revive bullish momentum in the near term.

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