🗓️ StockEdge Morning Market Report | Friday, 2 October 2026
Closed today for Gandhi Jayanti. Last session: Thursday, 1 October. Next: Monday, 5 October.
Multi-asset performance
• NIFTY 50: 22,421.95 (−0.88%)
• GIFT NIFTY: 22,491.00 (−0.74%)
• INDIA VIX: 14.46 (+7.15%)
• BANK NIFTY: 54,450.75 (−0.33%)
• NIFTY IT: 28,304.70 (+2.17%)
• NIFTY REALTY: 835.00 (−1.46%)
• NIFTY FMCG: 43,789.85 (−1.61%)
• NIFTY AUTO: 25,384.95 (−3.46%)
• NIFTY METAL: 12,460.70 (−2.35%)
• S&P 500: 7,666.45 (+0.19%)
• DOW JONES: 50,926.56 (+0.04%)
• GOLD: 4,156.22 (−0.52%)
• SILVER: 60.604 (−0.57%)
• WTI CRUDE: 92.75 (−0.16%)
• USD/INR: 96.3050 (−0.01%)
Market wrap
Nifty shed 198.50 points to 22,421.95. It gapped down, probed 22,610, then unwound to 22,217 before buyers salvaged ~200 points into the close — extending Wednesday's pattern: lower high, lower low, selling into every bounce.
Sector split was wide: IT (+2.17%) closed at its high while Auto (−3.46%) and Metal (−2.35%) were dumped. VIX at 14.46 still reads complacent, but a 7% jump says hedging is returning. Global cues neutral — Wall Street steadied after closing on its low, gold eased, crude holds above $92. GIFT Nifty at 22,491 sits ~69 points over cash — a mildly positive gap for Monday.
Nifty
Structure is a short-term downtrend inside a larger range — two consecutive lower highs, with 22,217 the line in the sand. A close beneath it opens 22,100.
Bank Nifty
Opened soft, tested 55,091, slid to 54,066, recovered into the close. Down just 0.33% against Nifty's 0.88% — banks are leading, absorbing selling the broader index could not.
Conclusion
Distribution, not panic — rotation into IT is masking broad weakness beneath the index. Watch whether Bank Nifty's relative strength holds Monday; 22,217 decides.
Data source: TradingView. For information only — not investment advice.
Closed today for Gandhi Jayanti. Last session: Thursday, 1 October. Next: Monday, 5 October.
Multi-asset performance
• NIFTY 50: 22,421.95 (−0.88%)
• GIFT NIFTY: 22,491.00 (−0.74%)
• INDIA VIX: 14.46 (+7.15%)
• BANK NIFTY: 54,450.75 (−0.33%)
• NIFTY IT: 28,304.70 (+2.17%)
• NIFTY REALTY: 835.00 (−1.46%)
• NIFTY FMCG: 43,789.85 (−1.61%)
• NIFTY AUTO: 25,384.95 (−3.46%)
• NIFTY METAL: 12,460.70 (−2.35%)
• S&P 500: 7,666.45 (+0.19%)
• DOW JONES: 50,926.56 (+0.04%)
• GOLD: 4,156.22 (−0.52%)
• SILVER: 60.604 (−0.57%)
• WTI CRUDE: 92.75 (−0.16%)
• USD/INR: 96.3050 (−0.01%)
Market wrap
Nifty shed 198.50 points to 22,421.95. It gapped down, probed 22,610, then unwound to 22,217 before buyers salvaged ~200 points into the close — extending Wednesday's pattern: lower high, lower low, selling into every bounce.
Sector split was wide: IT (+2.17%) closed at its high while Auto (−3.46%) and Metal (−2.35%) were dumped. VIX at 14.46 still reads complacent, but a 7% jump says hedging is returning. Global cues neutral — Wall Street steadied after closing on its low, gold eased, crude holds above $92. GIFT Nifty at 22,491 sits ~69 points over cash — a mildly positive gap for Monday.
Nifty
Structure is a short-term downtrend inside a larger range — two consecutive lower highs, with 22,217 the line in the sand. A close beneath it opens 22,100.
Bank Nifty
Opened soft, tested 55,091, slid to 54,066, recovered into the close. Down just 0.33% against Nifty's 0.88% — banks are leading, absorbing selling the broader index could not.
Conclusion
Distribution, not panic — rotation into IT is masking broad weakness beneath the index. Watch whether Bank Nifty's relative strength holds Monday; 22,217 decides.
Data source: TradingView. For information only — not investment advice.