EQUITY MARKET (16th Sept 2026)

NIFTY INDEX DAILY REPORT

Halting a two-session decline, Nifty 50 rebounded modestly gaining 99.00 points to finish at 23,217.60. The index began with mild gains at 23,201.60 before sliding to an intraday trough of 23,116.10, where targeted accumulation across FMCG and banking shares, led by public sector lenders stirred an intraday turnaround. Further advances were held in check, however, by aggressive unwinding in technology counters. Brent crude sustaining pressure around $108 a barrel, and pre-policy caution surrounding the impending US Federal Reserve rate decision. While the headline gauge reclaimed ground above the 23,200 threshold, overall market participation remained weak, underscored by adverse breadth and fractional losses across mid- and small-cap segments.

Bank Nifty mounted a robust recovery, gaining roughly 497.70 points, from its prior session close of 55,794.75 to finish near 56,292.45. Bank Nifty reversed Tuesday’s sharp 1.43% fall amid significant traction in state-run banking counters and steady institutional accumulation of big names like State Bank of India and Axis Bank. This positive price trajectory enabled the index to comfortably recapture the critical 56,000 mark, while a 2.26% softening in the India VIX to 13.13 signaled receding near-term risk perception and easing derivative hedging activity. Even as looming headwinds from an impending US Fed  policy verdict, due 11:30 at night and stubborn crude prices capped the  gains.

Nifty FMCG index gained 1.63% to close at 45,559.00 after testing an intraday high of 45,645.20. Stocks were overwhelmingly constructive across the board, with 13 out of 15 basket components finishing higher; strong momentum was spearheaded by a rally in Patanjali Foods, coupled with persistent institutional inflows into stocks including Marico, ITC, Colgate-Palmolive, and Nestle India. Investor appetite was largely catalyzed by an encouraging festive season which has begun with Ganesh Chaturthi and Onam, reflecting a five-year high in early seasonal off-take despite upward retail price adjustments, which fueled classic defensive rotation against an uncertain global backdrop. Ultimately, this decisive strength in staples acted as a key buffer for headline equities, effectively absorbing the pronounced drag from the tech sector.

NIFTY DAILY CHART

The Nifty50 continued to trade with flat to positive bias and the index slipped below the crucial level of 23,350 and settled the day at 23,217.60. .RSI managed to pull itself up from the low of 22.23 to the level of 27.31, thus the index may get some strength. Thus, if the  nifty manages to sustain the level of 23,110 then prices may reach the upside destination of 23,250. But falling below the level of 23,100 could make the index weaker and fall to the level 23,000.

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 16th Sept 2026

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