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Nifty recovery weak, risks remain
Financial Express Chennai
|October 06, 2025
AFTER FALLING FOR nine straight sessions from September 18 to September 30, the Nifty finally regained momentum in the October series.
It closed the holiday-shortened week 0.97% higher at 24,894. The Bank Nifty did even better with a gain of 2.21%, while metals stole the show as the sectoral index soared 3.93%.
Yet one thing remains unchanged — FIIs’ appetite for short-selling. October opened with their highest-ever short positions at 94%. The weak rupee is both cause and effect of FIl cash-market sales. A close above 25,400 would send even battle-hardened FIls scurrying to cover. For the mild-hearted, a nudge past 25,100 may suffice to trigger a rethink. Support lies at 24,587.
Denne historien er fra October 06, 2025-utgaven av Financial Express Chennai.
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FLERE HISTORIER FRA Financial Express Chennai
Financial Express Chennai
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