Indian Market Ends Flat; Nifty at 22,620, Sensex Steady

Indian equity benchmarks ended flat on September 30, with the Nifty closing at 22,620, down 0.42 percent, and the Sensex nearly unchanged at 72,480, as early gains were erased by late-session selling pressure. Healthcare stocks were the biggest drag, falling 4-7 percent after Supreme Court concerns over high medicine mark-ups at corporate hospitals, while IT stocks provided support on expectations of fewer US Fed rate hikes. Sectoral performance was mixed, with Media rising 2.63 percent and Healthcare falling 2.50 percent. Technically, Nifty formed a bearish candle and trades below key moving averages, with 22,550-22,600 seen as crucial support. Broader indices were flat, with smallcaps up 0.27 percent, while Bank Nifty gained 0.69 percent.