Closing Bell: Nifty 50 Slumps 1.52% as Markets Close Lower on Monday, 28 September 2026 | 28 Sept 2026, 03:45 PM IST
By ThePip Desk
The Nifty 50 settled at 22788.25, dropping 352.25 points. Heavy selling in banking and midcap stocks defined a bearish session for Indian equity markets today.
Market Overview
Indian equity markets faced significant selling pressure on Monday, 28 September 2026. The Nifty 50 closed at 22788.25, marking a decline of -352.25 (-1.52%). The Nifty Bank index mirrored this weakness, ending the session at 54467.70, down -1112.70 (-2.00%), while the Nifty Midcap 100 finished at 59873.95, shedding -1032.05 (-1.69%).
Top Movers
| Company | Close | Change % |
|---|---|---|
| Dr. Reddy’s Laboratories Ltd. | 1221 | +1.67% |
| Infosys Ltd. | 1004.8 | +0.46% |
| Hero MotoCorp Ltd. | 5374 | +0.26% |
| JIO Financial Services Ltd. | 219.4 | -3.35% |
| Adani Enterprises Ltd. | 2820 | -3.31% |
Corporate Developments
In corporate news, Dr. Reddy’s Laboratories Ltd. launched NIVORZ in India, expanding its immuno-oncology portfolio. Infosys Ltd. announced the expansion of its Indore facility with a new software development block and confirmed the allotment of equity shares. Meanwhile, Hero MotoCorp Ltd. reported a 3% rise in total sales for August 2026, with domestic ICE dispatches reaching 5,16,747 units.
Institutional Activity
Foreign Institutional Investors (FII) remained net sellers, offloading ₹3693.93 crore on 25 September 2026, while Domestic Institutional Investors (DII) provided support with net buying of ₹2838.17 crore.