Opening Bell: Nifty Opens Lower at 23114 as Banking Stocks Drag Market Sentiment Down | 28 Sept 2026, 09:25 AM IST
By ThePip Desk
Nifty 50 opens at 23114.35, down 0.11% as banking stocks weigh on the index. FII selling pressure persists for the second consecutive trading session today.
The Nifty 50 opened at 23114.35, marking a decline of −26 points or −0.11% against the previous close of 23140.50. The Nifty Bank index followed a similar trend, opening at 55418.55, a drop of −162 points or −0.29%. In contrast, the Nifty Midcap 100 remained flat at 60906.70.
Market Snapshot
| Index | Open | Change |
|---|---|---|
| Nifty 50 | 23114.35 | −0.11% |
| Nifty Bank | 55418.55 | −0.29% |
| Nifty Midcap 100 | 60906.70 | +0.00% |
Sectoral Performance and Flows
Early trade data shows mixed sectoral movement. Energy leads with +0.54%, followed by IT at +0.05%. Conversely, Metal is down −0.48%, Pharma is down −0.37%, FMCG is down −0.11%, Auto is down −0.09%, and Media is down −0.01%.
Institutional activity remains a key focus. FIIs recorded a net sell of 5027.36 cr in the previous session, marking two consecutive days of net selling. DIIs provided support with a net buy of 4301.18 cr.
Watch the price action in banking stocks over the next 30 minutes to see if the index finds support or extends early losses.