Mumbai, Sep 30
The domestic equity indices ended the session slightly lower on Tuesday, trading range-bound amid investors showing a cautious approach ahead of the RBI monetary policy outcome.
Sensex ended the session at 80,267.62, down 97 points or 0.12 per cent. The 30-share index started the session in green at 80,541.77, breaking a seven-day losing streak, against last session's closing of 80,364.94. However, the index dragged in negative territory following selling in heavyweights like ITC and Tech Mahindra.
The broader market followed suit as well. Nifty 100 fell 19 points, Nifty Midcap 100 closed flat, and Nifty Small Cap 100 jumped 14 points or 0.08 per cent.
"On the monthly expiry day, the Nifty index ended weak, facing stiff resistance near its 100-day EMA around the 24,750 zone. The index has been forming a lower highs–lower lows pattern for the past three sessions, highlighting strong bearish control. Unless Nifty reclaims and sustains above its 50-day EMA, the short-term outlook remains negative," said Vatsal Bhuva of LKP Securities