Morning Brief: Nifty Falls 0.88% to 22,421; FIIs Offload ₹9,484 Cr in Sustained Sell-off | 02 Oct 2026, 08:15 AM IST
By ThePip Desk
Nifty slips for fourth session as FII selling persists. Auto stocks lead declines while IT provides a buffer. Markets brace for global volatility.
Indian equity markets extended their losing streak to a fourth consecutive session on Thursday, weighed down by persistent foreign institutional selling and broad-based weakness in the auto sector. The Nifty 50 closed at 22,421.95 (-0.88%), while the Nifty Bank settled at 54,450.75 (-0.33%).
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 22,421.95 (-0.88%) |
| Nifty Bank | 54,450.75 (-0.33%) |
| Nifty Midcap 100 | 58,732.00 (-1.01%) |
Institutional Flows
Foreign Institutional Investors (FIIs) continued their aggressive selling spree, offloading a net of ₹9,484.22 crore in the latest session. Domestic Institutional Investors (DIIs) acted as a counter-balance, recording a net purchase of ₹10,041.84 crore.
| Date | FII Net | DII Net |
|---|---|---|
| 01-Oct-2026 | -9,484.22 | +10,041.84 |
| 30-Sep-2026 | -10,148.41 | +11,271.73 |
| 29-Sep-2026 | -9,980.22 | +6,952.71 |
Sectoral Performance
| Sector | Last |
|---|---|
| Nifty IT | 28,304.70 (+2.17%) |
| Nifty Financial Services | 24,556.10 (-0.38%) |
| Nifty Pharma | 26,311.55 (-0.48%) |
| Nifty PSU Bank | 7,937.80 (-0.98%) |
| Nifty Realty | 835.00 (-1.46%) |
| Nifty FMCG | 43,789.85 (-1.61%) |
| Nifty Auto | 25,384.95 (-3.46%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| INFY | Infosys Ltd. | 1,035.00 (+4.11%) |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 10,045.00 (-7.62%) |
| MARUTI | Maruti Suzuki India Ltd. | 11,386.00 (-4.86%) |
Corporate Highlights
- Tata Motors: Reported a 42% increase in total sales for September.
- Coal India: Production grew by 9.2% in September, with offtake rising 12.5%.
- Redington: Entered a distribution partnership with OPSWAT to expand its cybersecurity portfolio.
Macro Snapshot
The government reported that gross GST collections rose 14.75% to ₹2,03,521 crore in September. Additionally, the HSBC India Manufacturing PMI rebounded to 55.1 in September, signaling renewed momentum in the manufacturing sector.
Insight: While domestic institutions are providing significant liquidity support, the persistent FII exodus—totaling over ₹29,000 crore in the last three sessions—remains the primary headwind for Indian equity valuations.