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Opening Bell: Nifty Opens Lower at 22,657 as IT Stocks Lead Early Market Declines | 28 Oct 2026, 09:25 AM IST

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By ThePip Desk•
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Nifty Opens Lower at 22,657 as IT Stocks Lead Early Market Declines

Key Highlights

The Nifty 50 begins Wednesday at 22,657.40, marking a 0.41% decline. Markets track broad-based selling pressure as the IT sector weighs on index.

The opened at 22,657.40 today, reflecting a −92 point decline from its previous close of 22,749.75. This downward movement follows a session where the index struggled to maintain momentum, closing 0.61% lower over the last five trading days.

Nifty 50
22,657.40
−0.41% · −92.35 pts
Day range
0–0
Opened 0.00
India VIX
16.40
+0.00% on the day
Last 5 sessions
−0.61%
Nifty 50 change

The 60-Second Version

  • The Nifty 50 index opened at 22,657.40, down −0.41%.
  • Nifty Bank began the session at 53,764.95, a decrease of −0.39%.
  • Nifty IT is the primary laggard, recording an early decline of −1.80%.
  • Institutional investors remained active, with FIIs net buying +1,229 crore over the last five sessions.
  • HDFC Bank Ltd. touched a 52-week low at the price of 680.2.

How the Market Opened

The Nifty 50 started at 22,657.40, extending the recent trend of weakness that has seen the index drop 1.69% over the last 20 sessions. The Nifty Bank index also saw a gap down, opening at 53,764.95, which is −210 points lower than the previous close of 53,974.90. The Nifty Midcap 100 followed the broader market, opening at 56,947.25, down −0.14%. The India VIX, which measures market expectations of volatility, stands at 16.40, showing no change from the previous session.

IndexCloseChangeChange %
Nifty Bank53,764.95−209.95−0.39%
Nifty 5022,657.40−92.35−0.41%
NIFTY Midcap 10056,947.25−82.65−0.14%
Index levels at the open, 28 October 2026

Nifty 50: the bigger picture

MeasureValue
Last 5 sessions−0.61%
Last 20 sessions−1.69%
20-session high23,146.15
20-session low22,231.80
Below the 20-session high1.71%
Current run1 session down in a row
Nifty 50 over recent sessions, to 27 Oct

Sectors at the

Market breadth shows a clear divide between defensive and cyclical sectors. Nifty Metal leads the early gainers with a +0.24% move, followed closely by Nifty Auto at +0.23% and Nifty Pharma at +0.15%. Conversely, the Nifty IT index is facing significant pressure, down −1.80%. Other sectors in the red include Nifty Realty at −0.66%, Nifty CPSE at −0.47%, and Nifty Oil & Gas at −0.45%.

Sector indexChange %
Nifty Metal+0.24%
Nifty Auto+0.23%
Nifty Pharma+0.15%
Nifty Healthcare Index+0.01%
Nifty Infrastructure−0.02%
Nifty Energy−0.04%
Nifty India Consumption−0.13%
Nifty Chemicals Index−0.17%
Nifty Media−0.20%
Nifty Financial Services−0.37%
Nifty Bank−0.39%
Nifty PSU Bank−0.40%
Nifty FMCG−0.43%
Nifty PSE−0.44%
Nifty Oil & Gas−0.45%
Nifty CPSE−0.47%
Nifty Realty−0.66%
Nifty IT−1.80%
Sector indices, 28 October 2026, best first

What Yesterday Left Behind

Institutional activity remains a focal point for market participants. Over the last five sessions, (FIIs) have been net buyers to the tune of +1,229 crore, while (DIIs) have provided stronger support with a net inflow of +9,101 crore. In individual stock movements, HDFC Bank Ltd. is notable for touching a 52-week low at 680.2.

SessionFII netDII net
27 Oct+4,240−1,250
26 Oct−1,462+2,610
23 Oct+888+3,235
22 Oct−3,459+2,891
21 Oct+1,022+1,614
Last 5 sessions+1,229+9,101
FII and DII net flows, ₹ crore (positive is net buying)
StockPriceChange %
HDFC Bank Ltd.₹680.2+0.00%
Touched a 52-week low (1 of 1)

What to Watch Today

Today is a busy day for corporate results and market debuts. Thirty Nifty 500 companies, including Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., and Bandhan Bank Ltd., are scheduled to hold board meetings. In the segment, bidding opens today for Ajwa Projects Ltd., Carver Roboweld Ltd., and MK Sons Fine Jewels Ltd. Additionally, Jio Platforms Ltd. and Paras Healthcare Ltd. are set to list today. Investors should also note that Cyient Ltd. and Nippon Life India Asset Management Ltd. are trading ex-dividend today. Market participants will be watching the Nifty 50 price action over the next 30 minutes to see if the index can recover from its opening levels of 22,657.40.

On the calendar today, Wednesday, 28 October

CompanyAlso considering a dividend
Acme Solar Holdings Ltd.—
Adani Enterprises Ltd.—
Adani Ports and Special Economic Zone Ltd.—
Anant Raj Ltd.—
Bandhan Bank Ltd.—
Birlasoft Ltd.Yes
CarTrade Tech Ltd.—
Craftsman Automation Ltd.—
City Union Bank Ltd.—
eClerx Services Ltd.—
Force Motors Ltd.—
GMR Airports Ltd.—
Results due on Wednesday, 28 October (12 of 30 shown)
CompanyWhat happensPrice band
Ajwa Projects Ltd.Opens for bidding—
Carver Roboweld Ltd.Opens for bidding₹76 to ₹80
MK Sons Fine Jewels Ltd.Opens for bidding₹153 to ₹162
EAAA India Alternatives Ltd.Last day to bid₹1585 to ₹1665
Jio Platforms Ltd.Lists on the exchanges₹1065 to ₹1119
Paras Healthcare Ltd.Lists on the exchanges₹660 to ₹693
IPOs on the calendar
CompanyEventDetail
Cyient Ltd.dividend₹12 per share
Nippon Life India Asset Management Ltd.dividend₹9.5 per share
Trading ex-date