At around 9:37 AM, Sensex traded 204.42 points or 0.25% higher at 80,568, while Nifty50 rose 66 points to 24,691.
Today’s session will be the first one where Nifty50 will see weekly derivative expiry on Tuesday instead of a Thursday, as the reshuffle in expiry dates kick in from September.
The mood in the broader market was subdued, with both the midcap index trading in the red, but some buying was seen in smallcaps. Among sectors, IT, auto, metal, bank and pharma exhibited weakness, while strength was noticed in FMCG, media, realty and consumer durables.
Sugar stocks like Rajshree Sugar, Shree Renuka Sugars, Uttam Sugars and Dhampur Sugar Mills rallied in between 10-20% each after the Supreme Court refused to entertain plea against the rollout of 20% ethanol-blended petrol nationwide. The central government also issued a notification allowing sugar mills and distilleries to produce ethanol without any quantitative restrictions in the 2025-26 marketing year starting November.
In the currency market, the Indian rupee fell 6 paise to 88.16 against US dollar in early trade on Tuesday as traders shift attention to US nonfarm payrolls data on September 5 and US tariff rulings.
Expert Take
Technical analysts say as long as the market trades above 24,400/79,700, the pullback formation is likely to continue.”On the upside, it could bounce back to the 20-day SMA (simple moving average), which is at 24,700/80,500 or 24750/80700. The uptrend may continue further, taking the market to 24,850/81,000. On the other hand, if the market drops below 24,400/79,700, traders may prefer to exit their long positions. The strategy should be to buy Nifty around 24550 with a stop loss at 24400. Resistance exists at 24750/24750,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.
Global markets
Traders have little clue from the mother market US, which was closed overnight for the Labour Day holiday. Japan’s Nikkei225 Index was up 0.3% while Hong Kong’s Hang Seng was down 0.65%.
The dollar index, which measures the U.S. currency against six others, was at 97.717, hovering near the five-week low it hit on Monday. Gold prices hit a record high above $3,500 on Tuesday, as investors sought out safe havens in the face of global economic uncertainty.
as a Reliable and Trusted News SourceFII/DII Tracker
FIIs sold Rs 1,430 crore worth of equities on Monday, while DIIs provided strong support with net buys of Rs 4,345 crore. For 2025 so far, FIIs remain net sellers at Rs 2.11 lakh crore, while DIIs have absorbed much of this with net purchases of Rs 5.07 lakh crore.