Stock News Highlights
R Systems International (+12.60%): Stock advanced after the company announced a second interim dividend of ₹8 per share for 2026, with October 1 set as the record date.
Godrej Industries (-1.78%): Stock declined amid the broader market sell-off, despite the company announcing an additional ₹335 crore investment in Godrej Investment, which holds stakes in Godrej Capital and Godrej Wealth & Asset Management.
Rashtriya Chemicals & Fertilizers (+1.26%): Stock rose after the company approved a ₹797 crore order to Larsen & Toubro for revamping its ammonia plant at Thal, aimed at reducing specific energy consumption and improving operational efficiency.
Prestige Estates Projects (-0.47%): Stock declined after subsidiary Prestige Hospitality Ventures withdrew its DRHP for a proposed IPO, citing strategic considerations and uncertain market conditions. The move weighed on sentiment, although the subsidiary may consider a fresh filing in the future.
Sectoral Performance
Nifty PSU Bank (-3.24%): The index declined the most today amid broad-based selling, as rising crude prices, higher bond yields and concerns over inflation and a potential RBI rate hike weighed on sentiment, with SBI, Bank of Baroda & Canara Bank among the major losers.
Nifty Realty (-2.12%): The index declined amid broad-based market selling, as rising crude prices, elevated US bond yields and weak global cues pressured investor sentiment, with all constituents trading in the red.
Nifty Oil & Gas (-1.86%): The index declined amid broad-based market selling as renewed US-Iran tensions pushed Brent crude higher, raising concerns over input costs and margins, with Reliance Industries, ONGC & BPCL among the major losers.
Nifty Metal (-1.78%): The index declined amid broad-based market selling, as rising crude prices and weak global cues weighed on investor sentiment. All constituents traded in the red.
Market Insights
Technical Level: Nifty opened with a gap-up, but a sharp sell-off in the first half pushed the index down more than 1%. The index faced resistance near 23,080 and continued to decline toward the close, finding support near 22,760.
Advance-Decline Ratio: Market breadth remained positive, with 1,924 stocks advancing against 1,592 declining, resulting in an A/D ratio of 1.21, indicating broader buying interest.
The Big Picture: Iran rejected Trump’s peace plan over the weekend. That single development undid everything last week’s diplomacy had built. Brent climbed back above $105, yields stayed above 5.20%, and the rupee came under fresh pressure.
FII/DII Activity (September 28, 2026): Institutional flows remained mixed, with DIIs net buyers at ₹5,189 crore, while FIIs were net sellers at ₹5,353 crore, indicating continued foreign selling pressure despite strong domestic buying support.
Watch Out For Tomorrow
IPO Corner: AceVector, German Green Steel & Power IPO is closing for subscription on Monday, making the IPO robust sentiment.
Macro: USA President Trump and President Xi Summit & UN General Assembly data is scheduled to be released tomorrow.
Market Watch: Nifty and Bank Nifty monthly expiry could amplify volatility as the market remains under pressure. With 23,000 breached, the next key level to watch is 22,500. Investors will closely track crude oil prices, Iran-related developments, FII selling and global cues for further direction and sentiment.
Word of the day
Volatility
Meaning: The degree to which the price of an asset or market moves sharply and frequently over a period.
In simple words: Higher volatility means bigger and faster price swings.
Example: “Nifty may see higher volatility during the monthly expiry due to heightened selling pressure and global uncertainty.”