The RBI’s MPC is expected to maintain the repo rate at 5.50%. The MPC’s decision is also likely to be influenced by external risks, including the 50% US tariffs on Indian exports, rupee depreciation, and geopolitical tensions.
RBI Monetary Policy Committee to announce repo rate decision today- Daily Market Update 1st Oct 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to positive note.
- European equity markets ended marginally higher in range 0.19% to 0.57%.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is little changed, Nifty futures likely to open around 24750 levels.
Benchmark Nifty index ended on a flat note at 24611 spot levels after a lackluster trading session.
Broader markets performed in line with the benchmark as both, Mid and Small cap, ended on a flat note.
Majority of sectoral indices, tracked at NSE, settled with marginal changes. PSU Bank and Metal index registered some meaningful gains, rose 1.84% & 1.16% respectively. On the other hand, Realty and Consumer Durables were the top losers, down 0.82% & 0.87% respectively.
RBI monetary policy committee outcome on interest rate will set the tone for the rest of the day. Technically, Nifty index is hovering around its trendline support of 24600 spot levels. Possibility of some bounce-back can not be ruled out at this juncture, however, chances of any sustainable up move are less likely until it crosses above 25000 spot levels on closing basis. Cross and sustenance below 24600 spot levels will instigate the selling pressure and might drag it towards 24300 spot levels in immediate near term.
Derivatives Overview & Outlook
Yesterday, short covering was seen in Banknifty futures with a decrease in open interest by 20.9%, whereas long unwinding was seen in Midcapnifty futures that shed around 12.5% of open interest. On the other hand no significant changes were seen among Nifty and Finnifty futures on the price front.
Nifty futures rolled 83% of open interest into next contracts in line previous month rollovers of 83% while Banknifty futures rolled 78% of open interest into next contracts which is marginally lower than the previous month rollovers 91%.
On option front, Nifty will start the new weekly contract with maximum positions at 24000 PE and 25000 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 2327 Cr in the cash segment, sold index futures worth Rs 2717 and bought stocks futures worth Rs 654 Cr. DIIs were net buyers in the cash segment to the tune of Rs 5762 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24900-25000; Supports 24600-24500
Banknifty – Resistances 55200-55400; Supports 54800-54600
Finnifty – Resistances 26350-26420; Supports 26100-26000
F&O Security in Ban Today: SAMMAANCAP
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
This report has been prepared by GCML and published in accordance with the provisions of Regulation 19 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, for use by the recipient as information only and is not for general circulation or public distribution. This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from GCML. The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. This report should not be construed as an offer to sell or the solicitation of an offer to buy, purchase or subscribe to any securities, and neither this report nor anything contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. It does not constitute a personal recommendation or take into account the particular investment objective, financial situation or needs of any individual in particular. The research analysts of GCML have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. The recipients of this report must make their own investment decisions, based on their own investment objectives, financial situation or needs and other factors. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. GCML does not take any responsibility thereof.
Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss on their investments. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection.
This report has been prepared by GCML based on the information available in the public domain and other public sources believed to be reliable. Though utmost care has been taken to ensure its accuracy and completeness, no representation or warranty, express or implied is made by GCML that such information is accurate or complete and/or is independently verified. The contents of this report represent the assumptions and projections of GCML and GCML does not guarantee the accuracy or reliability of any projection, assurances or advice made herein. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances.
Since GCML or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. GCML or its associates have not received any compensation for investment banking or merchant banking from the subject company in the past 12 months. GCML or its associates might have received any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that GCML or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months.
Research analyst or GCML or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor GCML are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer, director or employee of the subject company. It is also confirmed that research analyst have not received any compensation from the subject company in the past 12 months. GCML or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
No material disciplinary action has been taken on GCML by any regulatory authority impacting Equity Research Analysis activities.
The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. GCML reserves the right to make modifications and alternations to this statement, as may be required, from time to time.
Research analyst or GCML or its relatives’/associates’ do not have actual/beneficial ownership of 1% or more in securities of the subject company, at the end of the month immediately preceding the date of publication of the document.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.