India VIX is NSE's volatility index. It is worked out from Nifty option prices and shows how much movement the options market expects over the next 30 days. It usually rises when the market falls sharply, as it did today. It measures expected movement, not direction.

What are FII and DII provisional figures?

Each evening NSE publishes provisional figures for net buying or selling in the cash market by foreign institutional investors (FIIs) and by domestic institutions such as mutual funds and insurers (DIIs). They are called provisional because the final figures, published later, can differ slightly.

Post-market report for 28 September 2026: Nifty falls 1.56% as oil tops $107

The Nifty closed at 22,780 after oil jumped on Trump's rejection of Iran's plan. PSU banks fell 3.2%, FIIs sold ₹5,353 crore and the rupee closed at 96.03.

Monday, 28 September 2026. This morning's pre-market report covered the weekend news. Oil rose again today, and Indian shares fell across the board.

Today's numbers

Market	Close	Change
Nifty 50	22,780.25	−360.25 pts (−1.56%)
Sensex	72,771.72	−1,124.02 pts (−1.52%)
Bank Nifty	54,471.65	−1,108.75 pts (−1.99%)
Nifty Midcap 100	59,914.20	−1.63%
Nifty Smallcap 100	19,351.10	−1.85%
India VIX	13.64	+12.17%
USD/INR	96.03	Rupee 28 paise weaker (provisional close)
Brent crude	About $108	Up more than 3% (Indian market hours)
Gold (spot)	About $4,156	Down nearly 3% (4:30 PM IST)
US 10-year yield	5.23%	Highest since 2007

How the day went

The Nifty opened at 23,064.90, 75.60 points below Friday's close. Its high for the day, 23,080.25, came in the first minute of trading, and it fell below 23,000 in that same minute: the first one-minute candle's low was 22,972.45.

It kept falling through the day and closed at 22,780.25, just 18 points above its low of 22,762.20. That is the Nifty's lowest close since 2 April 2026, when it ended at 22,713.10.

The Sensex fell 1,124.02 points. India VIX, which rises when traders pay more for options protection, jumped 12.17% to 13.64 and touched 14.15 during the day.

Every sector fell

Nifty index	Close	Change
PSU Bank	8,026.10	−3.24%
Realty	850.90	−2.12%
Energy	36,693.20	−2.00%
Metal	12,854.40	−1.78%
Financial Services	24,671.65	−1.69%
Auto	26,525.05	−1.64%
Private Bank	26,476.40	−1.51%
FMCG	45,264.35	−1.47%
Pharma	26,761.65	−0.89%
IT	28,086.50	−0.26%

PSU banks fell the most. Union Bank of India, Canara Bank, Punjab National Bank and Bank of Baroda each dropped between about 3% and 5%, and State Bank of India about 2%. Private banks fell less, with the Nifty Private Bank index down 1.51%.

Among Nifty 50 stocks, Dr Reddy's and Infosys were among the few to end higher. Tata Motors Passenger Vehicles, Adani Enterprises and Jio Financial Services were among the biggest fallers, each down about 3%.

Reliance and the big private banks

Reliance and three of the largest private banks, and how far each is from its high of the past 52 weeks:

Stock	Close (₹), today's change	Below 52-week high
Reliance Industries	1,198.90 (−2.21%)	25.6%
HDFC Bank	719.00 (−2.26%)	29.5%
ICICI Bank	1,301.30 (−1.92%)	12.1%
Kotak Mahindra Bank	402.00 (−0.50%)	11.3%

The 52-week highs were ₹1,611.80 for Reliance (5 January 2026), ₹1,020.50 for HDFC Bank (23 October 2025), ₹1,480 for ICICI Bank (20 July 2026) and ₹453.20 for Kotak Mahindra Bank (20 October 2025).

Reliance's low today, ₹1,197, is its lowest price in 52 weeks. Kotak Mahindra Bank dipped to ₹395.75 during the day before closing at ₹402. Its prices here are adjusted for its 1:5 share split in January 2026.

Oil, gold and bond yields

Oil rose after President Trump said on Saturday that Iran's plan to reopen the Strait of Hormuz was not acceptable. Brent crude traded around $108 a barrel during Indian market hours, up more than 3%. Al Jazeera reported that 132 vessels crossed the strait in the week of 21 to 27 September, up from 116 the week before. Before the war began in late February, about 130 crossed every day.

Gold fell nearly 3% to about $4,156 an ounce. Reports linked the fall to expectations of further US rate rises and to higher US bond yields: the 10-year Treasury yield reached 5.23%, its highest since 2007. On MCX, gold was at ₹1,47,100 per 10 grams, down more than 2.5%.

The rupee

The rupee opened at 95.89 to the dollar and closed at 96.03 (provisional), down 28 paise from Friday's close of 95.75. News agency PTI linked the fall to higher oil prices and a risk-off mood in global markets after the US rejected Iran's proposal.

Fed and RBI meetings ahead

US Federal Reserve: the Fed raised rates by 25 basis points at its 15–16 September meeting, its first rise in three years. Its next meeting is on 27–28 October. FXStreet reported that markets were pricing in about a 70% chance of another rise in October.
Reserve Bank of India: the Monetary Policy Committee meets on 5–7 October, with the decision on 7 October. The repo rate is 5.25%, unchanged at the August meeting. In a Reuters poll taken from 18 to 28 September, 35 of 61 economists expected a rise of 25 basis points, which would be the first since February 2023.

FII and DII flows

Foreign institutional investors sold a net ₹5,353.22 crore of Indian shares today, and domestic institutions bought a net ₹5,189.02 crore, according to NSE's provisional data.

FIIs have been net sellers on five of the last six sessions. Over those six sessions, from 21 to 28 September, they sold a net ₹16,843 crore while DIIs bought a net ₹21,587 crore.

The bigger picture

Seven weekly falls in a row: the Nifty closed lower every week from the week ending 14 August to the week ending 25 September. Over those seven weeks it fell from 24,570.65 to 23,140.50, or 5.8%.
This year: the Nifty is down 12.8% in 2026, from 26,129.60 at the end of 2025. In September so far it is down 5.4%.
From its high: it closed 13.6% below its 52-week high of 26,373.20, reached on 5 January 2026.

IPOs this week, and NSE's own shares

Twenty IPOs open for subscription this week, the busiest week of the year for new issues according to The Economic Times. Four are mainboard issues seeking about ₹595 crore in total: SRIT India, Vishal Nirmiti, Nityas Gems & Jewellery and Shah Investor's Home. The other 16 are SME issues seeking about ₹697 crore.

Shares of the National Stock Exchange, which listed on BSE on 24 September, closed at ₹1,761.20 today. That is 1.3% below the IPO price of ₹1,785. They listed at ₹1,800 and reached ₹1,878 on their first day.

Tomorrow and this week

Tuesday, 29 September: monthly expiry of Nifty futures and options.
Friday, 2 October: markets closed for Gandhi Jayanti.
7 October: RBI policy decision.

What I'll check before tomorrow's open

Where GIFT Nifty trades overnight compared with today's Nifty close of 22,780.25.
Brent crude after the US session, and any new statement from Washington or Tehran.
The US 10-year yield, and the rupee when currency trading opens at 9:00.

Sources

Index, sector and stock prices: Zerodha Kite market data (NSE and BSE)
Market close, sectors and stock movers: ANI, Business Standard
Oil and the Strait of Hormuz: Al Jazeera
Gold, US yields and Fed expectations: FXStreet
Rupee: PTI via Deccan Herald, PTI via HDFC Sky
Fed meeting dates: Federal Reserve
RBI meeting dates, repo rate and poll: 5paisa, Forbes India, Reuters poll via inkl
FII and DII flows: NSE provisional data via 5paisa
IPO calendar: The Economic Times
NSE shares: Outlook Money, PTI via Telangana Today
Kotak Mahindra Bank share split: ICICI Direct

This note summarises public news and data for information only. It is a record of events and numbers, not a view on where the market goes next: I don't publish levels, targets or trade ideas. It is not investment advice or a recommendation to buy or sell any security. I am not registered with SEBI as an investment adviser or research analyst.