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Informist, Tuesday, Sept. 29, 2026

 

By Adhithya Aji

 

MUMBAI – Benchmark stock indices ended lower Tuesday due to negative sentiment around crude oil prices and elevated US bond yields. The Nifty 50, which opened sharply lower, saw some volatility due to expiry of monthly futures and options contracts, along with a major reshuffle as part of the semi-annual review. Index heavyweights and information technology shares were the major laggards in the indices. Meanwhile, pharmaceutical companies ended higher and provided some relief to a tepid market.

 

The Nifty 50 ended 0.3% lower at 22716.20, down 64.05 points. The BSE Sensex ended 0.3% lower at 72529.07, down 242.65 points. Post the continuous trading session, the Nifty 50 was at 22683.75, down 0.4%. The Nifty 50 saw a large swing during the closing auction session. At 1521 IST, the indicative close for the Nifty 50 showed the index down nearly 3%. On Tuesday, NSE's closing auction turnover surged to INR 244.97 billion amid the Nifty indices rejig.

 

Wipro ended nearly 3% lower on its last day as a Nifty 50 constituent. The stock will be replaced by BSE in the Nifty 50. Shares of BSE ended over 3% higher. Shares of Cupid ended nearly 9% as the stock is set to make its entry into the Nifty Smallcap 250. Another major movement was in the shares of Apollo Tyres, which ended over 4% higher. The stock will cease to be a constituent in the Nifty Midcap 150. Shares of 3M India closed nearly 5% lower as the company will exit the Nifty Midcap 150 index as well. The revised changes in the indices will be effective Wednesday. 

 

Adani group constituents were the top gainers in the Nifty 50. Adani Enterprises and Adani Ports and Special Economic Zone ended 5% and 4% higher, respectively. Shares of Dr. Reddy's Laboratories ended nearly 3% higher in the index. Global brokerage Citi has upgraded the stock after three years. The brokerage raised the recommendation on the stock to 'buy' from 'sell' and raised the target price over 39% to INR 1,450. Its peer Sun Pharmaceutical Industries ended over 1% higher. Cipla's shares opened higher but later slipped into the red and ended 0.3% lower. The Nifty Pharma ended 0.7% higher and was the best performer among sectoral indices.

 

Pharmaceutical companies performed well in an overall weak market. Pharma players ended higher after the US exempted tariffs on certain specialty drugs and associated ingredients imported from India and used for treatment of rare medical conditions. Washington waived tariffs on drugs made in India and 19 other countries. Over half of the pharma constituents traded higher in an overall weak market. Indian pharmaceutical companies are expected to see traction in getting approvals from the US Food and Drug Administration for upcoming products post the tariffs exemption, according to Maitri Sheth, equity research analyst at Choice Institutional Equities. Dr. Reddy's Laboratories, Lupin, and Zydus Lifesciences are the companies expected to benefit from the zero tariffs as they are major players in specialty drugs, Sheth added.

 

Wipro's IT peers in the Nifty 50 – HCL Technologies, Tech Mahindra, and Tata Consultancy Services – ended around 2% lower. Apollo Hospitals Enterprises, Bajaj Auto, Max Healthcare Institute, UltraTech Cement, Hindustan Unilever, Grasim Industries, and Mahindra & Mahindra ended around 2% lower in the index. In the Nifty 200, Adani Enterprises closed as the top gainer, up 5%. Pharmaceutical constituents in the Nifty 200 index – Glenmark Pharmaceuticals and Mankind Pharma - ended nearly 5% and over 4% higher, respectively.

 

On the other hand, shares of PB Fintech ended lower for the fourth consecutive session. The stock shed nearly 43% during the period. The stock has taken a beating since the Insurance Regulatory and Development Authority last week proposed to trim commission for insurance products, which has spurred concerns over PB Fintech's business prospects.     

 

Broader market indices fell more than their peers. Mid-cap indices ended around 1% lower each, and small-cap indices closed 0.7-0.8% lower. "Domestic equities continue to face correction-led headwinds amid volatile crude prices, US Treasury yields hovering near two-decade highs, and persistent FII outflows exerting pressure on the rupee," Vinod Nair, head of research at Geojit Investments, said in a note.

 

* Of the Nifty 50 stocks, 17 rose, 32 fell, and 1 unchanged

* Of the Sensex stocks, 12 rose, 18 fell 

* On the NSE, 1,529 stocks rose, 2,039 fell, and 111 were unchanged

* On the BSE, 1,975 stocks rose, 2,405 fell, and 216 were unchanged
* Nifty Metal: up 0.8%; Nifty Pharma: up 0.6%; Nifty Consumer Durables: down 2.7%

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BSE                                            NSE

Sensex: 72529.07, down 242.65 points or 0.3%   Nifty 50: 22716.20, down 64.05 points or 0.3%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 95.98

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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