Delhi, September 28, 2023, Today was the monthly expiry of September month, In morning Nifty opens little gap up about 45.35 points then sharp selling pressure came and market fell down to 19499 after that dead cat bounce came and bounce 23 points from the below. FII Sold the share worth about 3364.22 crore and against their selling DII bought share worth about 2711.46 in cash segment.
Nifty Bank also fell more then 280.00 points, all the banking stock turn negative, 10 out of 12 banking stocks traded in red fell from -3.40% to -0.05% other stock remaining closed marginally in green.
Sensex Fell down by 610.37 points, all the indices today go in downward after the opening of the market. So much volatility in the market very hard to handle even though experienced ones also struggle to manage the positions.
Today all the global cues are negative from US to China, rising crude price is also a headache for the Indian equity market, Dollar index is also crossed 106.00 level on the 10 months highest level. US debt ceiling is also a major problem in near term need to pass the bill for US government expenses to run the country. Moody also warn for rating downgrade if US goes for shut down. The warning come after two months earlier downgraded by another renowned brokerage, Fitch Ratings, downgraded the US rating from AAA to AA citing the debt ceiling crisis.
Top performer in nifty bank
- Axis Bank
- SBI
Top losers in Nifty bank
- AU Small Finance bank down by -3.40%
- IDFC First bank down by -3.08%
- Federal Bank -3.02%
Closing Level at the end session: –
- Nifty Bank 44,300.95 (-287.35)
- Nifty50 55(-192.90)
- Sensex 30(-610.37)
These days global cues come negative frequently so FII’s are selling continually they have sold almost Rs.14,189.86 crores worth of shares in cash market in last seven trading sessions but DIIs bought only Rs 6,777.80 crores against their selling.
| Date | FII’s Selling | DII’s Buying |
| 28/09/2023 | -3364.22 | 2711.48 |
| 27/09/2023 | -354.35 | 386.28 |
| 26/09/2023 | -693.47 | 714.45 |
| 25/09/2023 | -2333.03 | 1579.28 |
| 22/09/2023 | -1326.74 | 801.27 |
| 21/09/2023 | -3007.36 | 1158.14 |
| 20/09/2023 | -3110.69 | -573.02 |
Today all the sectorial indices fell not even a single sectorial index closed in green today. IT & FMCG fall most of the other indices.
Check out the top gainers and losers in the Nifty.
Top Gainer
Top Loser
