Pre-Market Brief: Nifty 50 Slips to 23118 as FIIs Extend Selling Streak to Five Days | 16 Sept 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 drops 1.19% to 23118.60 as FIIs sell for five consecutive sessions. Investors watch for stability at 9:15 AM after yesterday’s broad market decline.
Based on 15 September 2026 closing prices, the Indian equity markets face a cautious start this Wednesday, 16 September 2026. The Nifty 50 index closed at 23118.60, marking a decline of −1.19%, or 280 points. The broader market sentiment remains under pressure as mid-cap stocks saw a sharper correction.
| Index | Close | Change% |
|---|---|---|
| Nifty 50 | 23118.60 | −1.19 |
| Nifty Bank | 55794.75 | −1.43 |
| NIFTY Midcap 100 | 60878.25 | −2.12 |
FII Flows and Market Sentiment
Foreign Institutional Investors (FIIs) have extended their selling streak to five consecutive sessions. In the most recent session, FIIs net sold ₹2977.86 crore, while Domestic Institutional Investors (DIIs) provided support with net buying of ₹2686.05 crore. This persistent outflow from foreign participants continues to weigh on investor confidence across the indices.
Top Movers and Sectoral Performance
Despite the overall market downturn, IT stocks showed resilience. HCL Technologies Ltd. led the gains with a +3.95% rise, followed by Infosys Ltd. at +3.79%, Tata Consultancy Services Ltd. at +2.28%, Tech Mahindra Ltd. at +2.26%, and Wipro Ltd. at +1.55%. Conversely, selling pressure was evident in Bharat Electronics Ltd. which fell −5.30%, Shriram Finance Ltd. down −4.74%, Adani Enterprises Ltd. down −4.29%, Interglobe Aviation Ltd. down −3.96%, and Grasim Industries Ltd. down −3.38%.
Traders should monitor the support levels closely at the 9:15 AM open to see if the recent DII buying momentum can offset the ongoing FII selling pressure.