EQUITY MARKET (29th Sep 2026)

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 28th Sep 2026

As of 10:09 (IST)

NSE ADVANCE/DECLINE:

As of 10:10 (IST)

Post Market Update:

NIFTY INDEX DAILY REPORT

The Nifty 50 continued its downward trend, extending losses from the previous session’s steep fall and failed to reclaim the resistance of  22,750. After breaching its six-month low of 23,000 early in the week, the Nifty50 opened with a negative tone and spent the trading session fluctuating between 22,700 and 22,730. Market sentiment was weighed down by a combination of ongoing capital withdrawals by FII, rising global oil prices, which continued to be over $95, and firm American bond yields, and broad-based weakness in major IT and automobile stocks. Although marginal gains in healthcare and select metal equities helped cushion the downturn, the index stayed near key support thresholds, heading toward one of its worst September performances in recent history.

The Bank Nifty continued its downward trend, finishing lower at 54,259.95, a loss of nearly 0.39% on daily basis. After an initial start at 54,283.60, the index experienced notable intraday swings, reaching a bottom of 53,785.70, before peaking at 54,405.30. Investor sentiment in the banking sector stayed muted on the heels of the previous day’s broad market downturn, with key constituents such as HDFC Bank and State Bank of India undergoing persistent selling pressure. Broad market pressures, including sustained FII pulling of funds, oil prices holding above $95 a barrel, with US bond yields reaching above the mark of 5%, and expiry-led swings, effectively capped any major technical rebound in banking equities.

Nifty IT index sank roughly 1.48% making it a slump of 416.50 points to settle near 27,670 during the session. Building on the previous day’s market-wide downturn, major tech firms encountered strong selling pressure, driven by sharp declines in industry leaders like Wipro, which tumbled by nearly 3%. Weak global cues, continuous withdrawals by FII l, expectations of higher international interest rates by FED, and cautious trading prior to upcoming quarterly results and derivatives settlement all severely impacted sectoral sentiment. Consequently, IT exporters lagged behind the benchmark Nifty 50, pointing to growing market hesitation amid uncertain demand across major foreign economies.

NIFTY DAILY CHART

The Nifty50 continued to trade with negative bias falling below the mark of 23,000, a crucial support zone. The further index also plunged to the low of 26.71, pushing the index to the oversold zone, thus putting more pressure on the index. But day’s recovery from the low of 22,500, shows some light that index may move towards the mark 23,000 only if it gives daily closing above 22,850. Else fall below 22,700 could make the index weaker towards the mark 22,500.

Equity Market Technical Analysis Snapshot: Sep 29^th, 2026

NIFTY50:

Nifty opened gap-down around 22,732.45 and witnessed sharp selling pressure initially, declining to an intraday low of 22,569.65 before recovering strongly from lower levels. The index touched an intraday high of 22,753.25 and settled around 22,716.20, forming a pin bar formation on the daily chart, which indicates buying interest emerging from lower levels. The overall trend remains bearish, with resistance placed at 22,800 and 23,050, while support is seen at 22,600 and 22,400. The index continues to trade below its 200-DMA, 30-DMA, and 11-DMA, maintaining a weak technical structure. RSI at 26.71 remains in the oversold zone, and short covering cannot be ruled out. A sustained move above 22,800 could support further recovery, while a break below 22,600 may resume the downside.

BANKNIFTY:

Bank Nifty opened gap-down around 54,283.60 and witnessed continued selling pressure, declining to an intraday low of 53,785.70 before witnessing a sharp recovery of nearly 600 points and settling around 54,259.95. The index formed a pin bar formation on the daily chart, indicating buying interest at lower levels, while short covering cannot be ruled out. The overall trend remains bearish, with resistance placed at 54,400 and 54,750, while support is seen at 54,000 and 53,700. The index continues to trade below its 11-DMA, 30-DMA, and 200-DMA, confirming a weak technical structure. RSI at 29.04 remains in the oversold zone. A sustained move above 54,400 could strengthen the recovery, while a break below 53,700 may lead to further weakness. 

NIFTY MID SELECT:

Nifty Mid Select opened gap-down around 13,758.30 and witnessed continued selling pressure, declining to an intraday low of 13,634.25 before recovering marginally and settling around 13,674.15. The overall trend remains bearish, with resistance placed at 13,800 and 13,950, while support is seen at 13,570 and 13,470. The index continues to trade below its 11-DMA, 30-DMA, and 200-DMA, indicating a weak technical structure. RSI at 22.87 is deep in the oversold zone, reflecting intense selling pressure. Given the oversold conditions, short covering cannot be ruled out; however, a sustained break below 13,570 could trigger further downside. 

NIFTY CONSR DURBL:

Nifty Consumer Durables opened around 38,082.25, below its 11-DMA, and witnessed sharp selling pressure throughout the session, declining to an intraday low of 37,129.85 and breaking below its 200-DMA before settling around 37,129.95. The overall trend remains bearish, with support placed at 36,750 and 36,200, while resistance is seen at 37,650 and 38,000. The index is trading below its 11-DMA, 30-DMA, and 200-DMA, confirming a weak technical structure. RSI at 29 indicates oversold conditions and strong bearish momentum. Given the sharp decline and oversold territory, short covering cannot be ruled out, while sustained trading below the 200-DMA could keep the broader trend under pressure. 

Pivot Table:

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 29th Sep 2026

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