Closing Bell: Nifty 50 Slips 99 Points as Banking Stocks Lead Market Recovery Attempts | 30 Sept 2026, 03:45 PM IST
By ThePip Desk
The Nifty 50 closed at 22616.60 on Wednesday, 30 September 2026, as banking gains offset broader market weakness. FIIs continued their selling streak today.
Market Overview
The Indian equity markets concluded the session on Wednesday, 30 September 2026, with the Nifty 50 settling at 22616.60, down −99.60 (−0.44%). Despite the headline index dip, the Nifty Bank index showed resilience, finishing at 54706.75, up +446.80 (+0.82%). The NIFTY Midcap 100 index remained largely flat, closing at 59337.60, a marginal gain of +18.20 (+0.03%).
Key Movers and Shakers
Banking stocks dominated the top gainers list. ICICI Bank Ltd. led the pack, rising +2.38% to ₹1323, followed by Kotak Mahindra Bank Ltd. at +2.25%. Interglobe Aviation Ltd. also saw positive momentum, gaining +1.91% to close at ₹4965, supported by a reported passenger load factor of 79.2% in August. Conversely, Apollo Hospitals Enterprise Ltd. faced significant selling pressure, dropping −6.63% to ₹8085.
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 22616.60 | −99.60 |
| Nifty Bank | 54706.75 | +446.80 |
| NIFTY Midcap 100 | 59337.60 | +18.20 |
Institutional Activity
Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹9980.22 crore during the session. Domestic Institutional Investors (DIIs) provided support to the market, recording a net purchase of ₹6952.71 crore.
Corporate Updates
Kotak Mahindra Bank Ltd. gained traction following the launch of a co-branded credit card with Amazon Pay for small business owners. Meanwhile, ICICI Bank Ltd. remained in focus after informing exchanges regarding the allotment of equity shares and upcoming investor meetings.