

According to analysts, the recent dip could offer selective buying opportunities, especially in fundamentally strong sectors, with 24,600 acting as crucial support for the Nifty.
Scheck sectoral
New Delhi: Indian equity market opened on a cautious note today, with the BSE Sensex falling over 100 points and the Nifty 50 slipping below the 24,800 mark. The Sensex opened at 80,775.00, down by 208.31 points, while the Nifty 50 opened at 24,760.80, losing 75 points.
Tata Steel and Tata Motors both opened with sharp gains. Tata Motors however gave up gains soon after. The stock is flat at the moment. Sustained selling by foreign institutional investors (FIIs), a recurrent theme in recent sessions was blamed for the early morning decline.
According to analysts, the ongoing FII outflows are negatively impacting market sentiment even though the Reserve Bank of India (RBI) has adopted an accommodating monetary policy stance.
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Auto and FMCG stocks were among the biggest losers in sectoral performance, which caused the indices to decline. On the other hand, PSU bank and metal stocks demonstrated tenacity, offering some assistance to the overall market.
Check sectoral performance of October 3
Although there was pressure on the benchmark indices, the overall market showed conflicting patterns. There was some underlying strength in smaller stocks, as evidenced by the Nifty Midcap 100's 0.32% gain and the Nifty Smallcap 100's 0.50% increase.
According to market analysts, for the Nifty 50 to experience a significant upward trajectory, it must surpass and remain above the 25,000 level. Until then, the index might experience range-bound trading and consolidation, with 24,600 serving as support and a level that has been held during the last three sessions.
Investors are advised to exercise caution in light of the current market volatility. Potential opportunities may arise from concentrating on industries exhibiting resilience, such as PSU banks and metal.
Markets Surge: Sensex jumps 368 points, Nifty nears 25,000 mark on strong cues
S&P 500 futures rose 0.2% as of 1:07 p.m. Tokyo time
Nikkei 225 futures (OSE) rose 1.4%
Japan’s Topix rose 1.3%
Australia’s S&P/ASX 200 rose 0.5%
Hong Kong’s Hang Seng fell 0.9%
Euro Stoxx 50 futures rose 0.3%
Disclaimer: The information provided is based on available data as of October 3, 2025, and is subject to change. Investors are encouraged to conduct their own research or consult with a financial advisor before making investment decisions.
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