Nifty 50 Falls 1.6% to 22,780, Bank Nifty -1.99%: India Markets Today
Sep 28: Nifty 50 -1.56% at 22,780.25, Bank Nifty -1.99%, 3 of 50 stocks up, India VIX 13.69, FIIs net sellers of ₹5,353 crore. Sector scoreboard, top gainers and losers, FII/DII flows and valuation, in numbers.
· 3 min read
The Nifty 50 slid 1.56% to close at 22,780.25 on September 28, 2026, a move of -360.25 points from 23,140.50. Bank Nifty slid 1.99% to 54,471.65. 3 of the 50 index stocks rose and 47 fell, while across the broader Nifty 500 advances trailed declines 76 to 424. India VIX, the market’s fear gauge, rose 12.54% to 13.69.
Index scoreboard
| Index | Close | Day | 1 month | 1 year | Below 52-week high |
|---|---|---|---|---|---|
| Nifty 50 | 22,780.25 | -1.56% | -5.77% | -7.60% | 13.6% |
| Nifty Next 50 | 70,309.50 | -2.05% | -5.19% | +4.71% | 6.3% |
| Nifty Midcap 100 | 59,914.20 | -1.63% | -6.49% | +6.27% | 7.0% |
| Nifty Smallcap 100 | 19,351.10 | -1.85% | -3.63% | +10.19% | 4.1% |
| Nifty 500 | 22,232.15 | -1.64% | -5.51% | -2.12% | 7.9% |
| Nifty IT | 28,086.50 | -0.26% | -10.21% | -16.66% | 30.3% |
| Nifty Pharma | 26,761.65 | -0.89% | -0.85% | +24.43% | 1.8% |
| Nifty FMCG | 45,264.35 | -1.47% | -3.31% | -17.47% | 21.2% |
| Nifty Auto | 26,525.05 | -1.64% | -8.06% | +0.15% | 11.2% |
| Nifty Financial Services | 24,671.65 | -1.69% | -6.14% | -5.06% | 13.6% |
| Nifty Metal | 12,854.40 | -1.78% | -4.96% | +30.00% | 7.7% |
| Bank Nifty | 54,471.65 | -1.99% | -5.26% | +0.15% | 11.8% |
| Nifty Energy | 36,693.20 | -2.00% | -3.45% | +5.35% | 12.3% |
| Nifty Realty | 850.90 | -2.12% | -6.38% | -1.87% | 12.7% |
| Nifty PSU Bank | 8,026.10 | -3.24% | -6.72% | +10.53% | 19.1% |
| India VIX | 13.69 | +12.54% | +28.18% | +19.77% | — |
0 of 10 sector indices closed higher. Nifty IT led (-0.26%) and Nifty PSU Bank lagged (-3.24%). Midcaps -1.63% and smallcaps -1.85% both trailed the Nifty 50, so money favoured large caps.
Also read: Nifty 50 Rises 0.3% to 23,141 as Axis Bank Leads: India Markets Today
Nifty 50 top gainers and losers
Gainers
| Stock | Close (₹) | Change |
|---|---|---|
| Dr Reddy's | 1,221.00 | +1.67% |
| Infosys | 1,003.20 | +0.30% |
| HDFC Life | 531.60 | +0.11% |
Losers
| Stock | Close (₹) | Change |
|---|---|---|
| Tata Motors PV | 281.75 | -3.00% |
| Adani Enterprises | 2,831.10 | -2.93% |
| Jio Financial | 220.50 | -2.86% |
| Power Grid | 261.85 | -2.84% |
| L&T | 3,766.40 | -2.83% |
FII and DII flows
| Investor | Bought | Sold | Net |
|---|---|---|---|
| Foreign institutional investors (FII/FPI) | ₹9,048 crore | ₹14,401 crore | −₹5,353 crore |
| Domestic institutional investors (DII) | ₹15,918 crore | ₹10,729 crore | +₹5,189 crore |
Foreign investors were net sellers and domestic institutions net buyers — the pattern in which domestic funds absorb foreign outflows. Data for 28-Sep-2026 in the cash market.
Valuation
The Nifty 50 trades at a price-to-earnings ratio of 19.26, a price-to-book of 2.75 and a dividend yield of 1.24%. That is close to the index’s long-run average P/E of roughly 20. The index is 13.6% below its 52-week high of 26,373.20 and 2.7% above its 52-week low of 22,182.55.
Also read: Bank of Hawaii (BOH) Ex-Dividend Date Approaching: A Look at the 'Dividend Run' Pattern
Global context
| Market | Level | Change | As of |
|---|---|---|---|
| S&P 500 | 7,743.41 | +0.51% | Sep 25 |
| Brent crude | $106.11 | +1.72% | Sep 28 |
| Gold | $4,181.30 | -3.24% | Sep 28 |
| USD/INR | 95.98 | +0.18% | Sep 28 |
| US 10-year yield | 5.215% | +3.4 bp | Sep 28 |
| US dollar index | 101.20 | +0.22% | Sep 28 |
The rupee was at 95.98 per US dollar; Brent crude, India’s biggest import, was at $106.11 a barrel — above $100, which widens the trade deficit and pressures the rupee.
What the numbers say
- Breadth. With only 3 of 50 stocks higher, selling was broad-based.
- Volatility. India VIX at 13.69 is in its normal range.
- Versus Wall Street. The S&P 500 rose 0.51% in its latest session, so Indian stocks moved against the US market, pointing to local drivers.
- Trend. The Nifty 50 is -5.77% over one month and -7.60% over one year — a month-long pullback.
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Every edition is collected on India Markets Today; the previous edition is Nifty 50 Rises 0.3% to 23,141 as Axis Bank Leads: India Markets Today. Live world indices are on our Markets page, and more from the Stocks desk.
How this brief is made
StockPil compiles every figure in this brief from NSE India’s published index data (closing levels, advances and declines, valuation ratios, 52-week ranges, provisional FII/DII cash-market flows, and Nifty 50 gainers and losers as of 28-Sep-2026 15:30 IST) and CNBC quotes for global markets, recorded at 13:03 UTC on Monday, September 28, 2026. The brief reports what the market did and which measurable factors moved together; it does not predict prices and is not investment advice. The Sensex is not included because BSE does not publish it through an open data feed.
Every trading day: all editions are collected on India Markets Today.
Benjamin Carter covers business, finance, and the stock market for StockPil, focusing on the trends and data that matter to everyday investors.
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