Indian equities ended marginally lower on September 30 as investors stayed cautious ahead of the Reserve Bank of India’s bi-monthly policy review.
At close, the Sensex slipped 100 points, or 0.13 percent, to 80,263, while the Nifty50 eased 25 points, or 0.07 percent, to 24,610.
RBI is likely to hold rates on October 1, though SBI Research suggested a calibrated 25-basis-point cut could be warranted.
Sectorally, PSU banks outperformed with the Nifty PSU Bank index climbing 1.9 percent. Metals and autos also gained, rising 1 percent and 0.5 percent, respectively. On the downside, Nifty Media fell 1 percent, while Realty and Consumer Durables shed 0.9 percent each.
Investors are also awaiting September auto sales numbers, due October 1.
Globally, sentiment was muted. In the US, fears of a government shutdown linger after talks between President Donald Trump and Congressional leaders ended without resolution. Failure to reach a deal by Wednesday could halt key government operations and delay economic data, including Friday’s non-farm payrolls.
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