Sensex, Nifty turn lower post RBI boost; IT, Smallcap rise | 03 Oct 2025
Sensex and Nifty turn lower on October 3 after a sharp post-policy rally, with IT and mid/smallcap stocks showing resilience. FII selling and muted global cues drive profit booking and stable RBI policy offer medium-term support.
Sensex, Nifty Turn Lower After RBI Boost; IT, Midcaps Resilient | 03 October 2025, 9:09 AM IST
Indian benchmarks slipped as profit booking emerged post the RBI policy-driven bounce. Sensex dropped 299.17 points to 80,684.14 and Nifty lost 76.75 points to 24,759.55. IT (+0.05%) and mid/smallcap stocks bucked the trend, as resilient buying continued in select sectors despite weak opening signals from Gift Nifty and cautious global sentiment.
Snapshot – 9:09 AM IST, 03 October 2025
| Index | Price | Change | % Chg |
|---|---|---|---|
| Sensex | 80,684.14 | -299.17 | -0.37 |
| Nifty 50 | 24,759.55 | -76.75 | -0.31 |
| Nifty Bank | 55,182.60 | -165.35 | -0.30 |
| Nifty IT | 33,921.10 | 15.90 | 0.05 |
| India VIX | 10.28 | -0.01 | -0.10 |
| Nifty Midcap 100 | 57,122.00 | 92.30 | 0.16 |
| Nifty Smallcap 100 | 17,796.40 | 40.55 | N/A |
Latest News & Trends
- Markets give up some post-policy gains as profit booking takes hold and global cues remain mixed.
- IT stocks and select mid/smallcaps see continued buying, bucking the downtrend in large indices.
- IPO activity remains strong with multiple issues debuting and closing for subscription.
- FII selling and cautious DII flows weighed on benchmarks; defensive action noted in Pharma and PSU stocks.
- RBI keeps repo unchanged, lowers inflation outlook, GDP revised upwards to 6.8%, providing medium-term support.
Predictions & Watch Outs
- Nifty support seen near 24,600 with resistance at 24,900–25,100.
- Sector focus: Favor IT, select mid/smallcaps; remain cautious on financials and defensives until FII flows stabilise.
- Trade strategy: Position for stock-specific strength, especially on dips; monitor IPO action and FII moves for trend signals.
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