Markets steady ahead of RBI MPC decision; PSU banks advance

The domestic share market indices ended on a lower note on Tuesday recording their eighth successive loss led by selling pressure in consumer, realty and IT stocks, though auto, banks and metals,ahead of the Reserve Bank of India's bi-monthly policy review.At close, the Sensex was down 97.32 points, or 0.12 percent, to 80,267.62, while the Nifty50 eased 23.80 points, or 0.10 percent, to 24,611.10.On the sectoral front,PSU banks outperformed with the Nifty PSU Bank index climbing 1.9 percent. Metals and autos also gained, rising 1 percent and 0.5 percent, respectively. On the downside, Nifty Media fell 1 percent, while Realty and Consumer Durables shed 0.9 percent each, according to information.
Rupee Close: 
On 30 Sep'25,the Indian rupee  fell 4 paise to an all-time low to close at 88.79  against the U.S. dollar on Tuesday , pressured by sustained foreign capital outflows amid global trade uncertainties.However, a steep fall in global crude oil prices, along with a weaker greenback, prevented a sharp decline in the local unit, according to forex traders.The markets are also awaiting the Reserve Bank of India's (RBI's) Monetary Policy Committee decision, which will be announced on Wednesday (October 1).
Trading Guide: 
Vinod Nair, Head of Research at Geojit Investments stated,The market made an attempt to stabilize after last week’s sustained decline. sectoral performance was mixed, with gains observed in metal and banking stocks, while realty and consumer durables faced selling pressure. Market participants are keenly awaiting the RBI’s commentary for insights into future interest rate trajectories, although a status quo on rates is widely expected. The near-term market outlook remains cautious, with price action likely to stay range-bound. Key developments, particularly regarding tariff policies and the upcoming earnings season, will be crucial in shaping the market’s trajectory beyond the current range.
Market experts recommended five stocks to buy on Tuesday- Kilburn Engineering, Vishal Mega Mart, Bharat Seats, Sundaram Finance Holdings, and Baazar Style Retail.

(Business Correspondent)