Equity Market (30th Sep 2026)

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

As of 14:34 (IST)

NSE ADVANCE/DECLINE:

As of 14:34 (IST)

NIFTY INDEX DAILY REPORT

Nifty 50 experienced a subdued, sideways to negative  session amid persistent global pressures, particularly firm US bond yields and heightened Middle Eastern tensions. Following a slow start near 22,665, the index sought to stabilize above 22,700 and touched the high of 22,809.35. Key support surfaced in select index heavyweights, driven chiefly by major IT counters such as TCS and Tech Mahindra, complemented by private lenders like ICICI Bank and Kotak Mahindra Bank. Although the broader market lent a helping hand, with mid- and small-cap indices pacing ahead of the frontline gauge through the afternoon, advances were capped by overhead supply in the 22,800–23,000 corridor, keeping the near-term technical setup locked in a deliberate base-building phase.

Bank Nifty traded with negative bias but managed to settle higher after touching the day’s low of 54,174.30 as elevated US sovereign bond yields and lingering global headwinds discouraged fresh bullish commitments. Downside risk remained capped, with solid bids emerging around the pivotal point of 53,700–53,800 support shelf, largely bolstered by targeted buying interest in top private-sector lenders. Short covering in the latter half of the session briefly lifted the gauge, but recurring selling pressure across the 54,700–54,800 hurdle swiftly checked any breakout attempts. Ultimately, by shielding its immediate structural floor, the index’s intraday behavior signaled systematic base formation and quiet absorption rather than a decisive trending push ahead of forthcoming macroeconomic triggers.

The Nifty Pharma index faced pressure, as widespread profit-booking and the trimming of defensive exposure dampened sentiment across healthcare names. Having demonstrated steady outperformance earlier in the week around the 26,900–27,000 threshold, the gauge surrendered ground under the weight of steep declines in index heavyweights like Dr. Reddy’s Laboratories and Max Healthcare. Modest buying interest in select specialty and domestic-focused formulations helped stem steeper losses near immediate technical cushions, yet persistent institutional selling in large-cap pharmaceutical counters blunted intraday rebounds. Ultimately, the session’s price action pointed toward a deliberate sector rotation favoring cyclical and value pockets over defensives, locking the pharmaceutical space into a corrective and range-bound trajectory for the short haul.

NIFTY DAILY CHART

The Nifty50 continued to trade with negative bias falling below the mark of 22,800, a crucial support level. RSI for the  index also plunged to the low of 25.27 from previous day’s number of 26.71, pushing the index to the oversold zone. After touching the day’s high of 22809.35, the index failed to sustain the psychological level and plunged down to settle down by 0.42%. Else fall below 22,500 could make the index weaker towards the mark 22,300. Only a surge above the 22,500 level could push the index to 22,800 else, the index seems to be in a prolonged weak zone.

Equity Market Technical Analysis Snapshot: Sep 30^th, 2026

NIFTY50:

Nifty opened gap-down around 22,665 and witnessed sharp selling pressure initially, declining to an intraday low of 22,595.20 before recovery and short covering emerged from lower levels. The index rallied to an intraday high of 22,809.35 but failed to sustain at higher levels and again witnessed selling pressure, settling lower around 22,620.45. The 22,600 level remains an important pivot zone for the near-term trend. The overall trend remains bearish, with resistance placed at 22,800 and 23,050, while support is seen at 22,450 and 22,200. The index continues to trade below its 200-DMA, 30-DMA, and 11-DMA, confirming a weak technical structure. RSI at 25.27 remains deep in the oversold zone, indicating strong bearish momentum, although further short covering cannot be ruled out from lower levels. 

BANKNIFTY:

Bank Nifty opened around 54,175.90 and witnessed strong buying momentum after the opening, steadily rising to an intraday high of 55,135.50. However, the index failed to sustain at higher levels and witnessed profit booking, settling around 54,633.05. The overall trend remains bearish, with resistance placed at 54,750 and 55,200, while support is seen at 54,350 and 54,000. The index continues to trade below its 11-DMA, 30-DMA, and 200-DMA, maintaining a weak broader technical structure. RSI at 34.00 indicates weak momentum and remains below the neutral 50 level. A sustained move above 55,200 could improve the short-term setup, while a break below 54,350 may lead to renewed selling pressure. 

NIFTY MID SELECT:

Nifty Mid Select remained volatile during the session, opening gap-up around 13,748.35 and initially rising to an intraday high of 13,843.25 before witnessing selling pressure. The index declined to a low of 13,704.45 and subsequently settled around 13,731.20. The overall trend remains bearish, with resistance placed at 13,800 and 13,950, while support is seen at 13,650 and 13,570. The index continues to trade below its 11-DMA, 30-DMA, and 200-DMA, indicating a weak technical structure. RSI at 25.86 remains deep in the oversold zone, reflecting strong selling pressure. Short covering was visible during the session and may continue from lower levels, although a sustained move above 13,800 would be required for further recovery. 

NIFTY MEDIA:

Nifty Media opened around 1,544.55, below its 11-DMA, and witnessed strong buying momentum after the opening, surging to an intraday high of 1,627.10 and briefly crossing above its 11-DMA and 30-DMA. However, the index failed to sustain at higher levels and witnessed sharp profit booking, settling around 1,543.50. The overall trend remains bullish, with support placed at 1,550 and 1,530, while resistance is seen at 1,600 and 1,630. Despite the strong intraday recovery, the index needs to sustain above its key moving averages to confirm further strength. RSI at 29 indicates oversold conditions, while the reported closing structure suggests volatility remains high. A sustained move above 1,600 could strengthen the bullish setup, while a break below 1,530 may lead to renewed weakness. 

Pivot Table:

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 30th Sep 2026

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