Sensex and Nifty Set for Cautious Start as September Drawdown Nears 6%

Indian equity markets are set for a cautious opening on Wednesday, September 30, with GIFT Nifty indicating a largely flat start. The Nifty 50 closed at 22,716.20 on Tuesday after touching a six-month low, while the Sensex also remained under pressure. Indian benchmarks have declined about 5.8% during September, putting the market on track for its weakest monthly performance since March.

Investors are tracking crude prices, US Treasury yields and foreign fund flows for further direction. Foreign investors sold around Rs.9,980 crore of Indian equities on Tuesday, while domestic institutional investors purchased nearly Rs.6,953 crore, providing some support to the market.