Wednesday, 30 September 2026. This is what happened in the market today, taken from exchange data and news reports. It is a record of the session, not a view on where the market goes next: I don't publish levels, targets or trade ideas.
The Nifty fell 0.42% to 22,620.45, its lowest close since 30 March 2026. Healthcare, pharma and metal indices fell, and hospital stocks were among the biggest losers after Supreme Court remarks on medicine markups. Private banks and realty rose. This morning's pre-market report covered the overnight news, and yesterday's report covered the September expiry.
Today's numbers
| Market | Close | Change |
|---|---|---|
| Nifty 50 | 22,620.45 | −95.75 pts (−0.42%) |
| Sensex | 72,480.29 | −48.78 pts (−0.07%) |
| Bank Nifty | 54,633.05 | +373.10 pts (+0.69%) |
| Nifty Midcap 100 | 59,332.05 | +0.02% |
| Nifty Smallcap 100 | 19,245.70 | +0.27% |
| India VIX | about 13.5 | Up from 13.34 on 29 September (official close not found) |
| USD/INR | 95.81 | Rupee 13 paise stronger (PTI) |
How the day went
The Nifty opened at 22,665.00, 51.20 points below Tuesday's close, and reached its high for the day, 22,809.35, in the 12:45 to 12:50 PM candle. At 2:00 PM it stood at 22,737.25. It then slid, and its low of 22,595.20, 121.00 points below Tuesday's close, came in the 2:40 to 2:45 PM candle.
The close was set in the closing auction. In Kite's five-minute data the index sat at 22,616.60 from 3:15 PM, when continuous trading in F&O stocks stops, until the final value of 22,620.45 came in, 3.85 points higher. That final value was 116.80 points below the 2:00 PM level and 188.90 points below the day's high. The day's range was 214.15 points.
The Sensex ended 48.78 points lower, between a high of 73,062.23 and a low of 72,366.44. Bank Nifty was the day's outlier among the main indices: it rose 373.10 points, from a low of 54,174.30 to a high of 55,135.50 (the low was close to its open of 54,175.90).
India VIX was about 13.5, against the official close of 13.34 on 29 September. I couldn't find an official close for today, so this is the figure from Kite's data.
Sectors: healthcare, pharma and metal fell most
| Nifty index | Close | Change |
|---|---|---|
| Healthcare | 16,137.75 | −2.57% |
| Pharma | 26,438.00 | −1.84% |
| Metal | 12,760.50 | −1.50% |
| Consumer Durables | 36,627.80 | −1.35% |
| FMCG | 44,508.45 | −0.63% |
| Financial Services | 24,649.50 | Unchanged |
| IT | 27,704.80 | +0.13% |
| Energy | 36,636.00 | +0.35% |
| Oil and Gas | 10,614.55 | +0.44% |
| Auto | 26,293.95 | +0.46% |
| PSU Bank | 8,016.05 | +0.54% |
| Private Bank | 26,695.60 | +0.95% |
| Realty | 847.35 | +1.62% |
| Media | 1,583.20 | +2.74% |
Breadth was negative. Of the 50 Nifty 50 stocks after today's change (BSE in, Wipro out), 14 rose and 36 fell. On the whole NSE, HDFC Sky's closing report, using Reuters wording, gave 2,051 advances, 2,135 declines and 187 unchanged.
The biggest fallers in the Nifty 50, with official closing prices:
- Apollo Hospitals: −6.63% to ₹8,085
- Max Healthcare: −5.81% to ₹925
- BSE: −3.50% to ₹3,088
- Adani Enterprises: −2.92% to ₹2,886.10
- SBI Life Insurance: −2.90% to ₹1,684.70
- Eternal: −2.78% to ₹318.75
The biggest gainers:
- ICICI Bank: +2.38% to ₹1,323
- Kotak Mahindra Bank: +2.22% to ₹415
- IndiGo: +1.91% to ₹4,965
- Tech Mahindra: +1.38% to ₹1,531.40
- TCS: +1.26% to ₹2,058
- Shriram Finance: +1.13% to ₹982.50
HDFC Bank fell 1.29% to ₹713.40 while ICICI Bank, Kotak Mahindra Bank and Axis Bank rose. Reliance rose 0.30% to ₹1,185.50.
Hospital stocks fell after Supreme Court remarks
Business Standard reported at 11:16 AM that hospital stocks were falling sharply in morning trade, after remarks in the Supreme Court about markups on medicines. At that time Max Healthcare was at ₹915, Apollo Hospitals at ₹8,158.55 and Fortis Healthcare at ₹772.70.
According to BusinessToday and Business Standard, a bench of Justices Vikram Nath and Sandeep Mehta noted that a cancer medicine supplied to retailers for ₹2,700 carried a maximum retail price of ₹27,000. The bench asked why the MRP of essential medicines could not be capped at 16% above the price at which they are supplied to retailers.
By the close, Apollo Hospitals was down 6.63% and Max Healthcare 5.81%. Fortis fell 6.94% to ₹764.95, and Medanta fell 3.41% to ₹1,366.90. The Nifty Healthcare index lost 2.57%.
For context, hospital stocks had been under pressure once before on a regulatory proposal. On 11 August 2026, Outlook Business reported that they fell after a parliamentary standing committee on health proposed capping private hospital room rents at the rates of nearby three-star hotels.
BSE joins the Nifty 50, and four IPOs list
BSE replaced Wipro in the Nifty 50 today. Business Standard reported that BSE's six-month average free-float market value was about ₹1.4 trillion, at least 1.5 times Wipro's, the margin NSE Indices requires. Nuvama Alternative & Quantitative Research estimated passive inflows of about $668 million into BSE, and outflows of about $89 million from Reliance and $56 million from HDFC Bank.
On the day, BSE closed 3.50% lower at ₹3,088, from ₹3,200. Wipro, now outside the index, rose 1.10% to ₹158.51.
Four companies listed:
| Company | Issue price | Listing price | Versus issue price |
|---|---|---|---|
| Adroit Industries | ₹134 | ₹250 (BSE), ₹235 (NSE) | +86.57% (BSE), +75.37% (NSE) |
| Swastika Infra | ₹185 | ₹200 (BSE and NSE) | Above |
| Elevate Campuses | ₹362 | ₹356.50 (BSE), ₹355.10 (NSE) | Below on both |
| ArMee Infotech | ₹375 | ₹368.85 (BSE), ₹375 (NSE) | Below (BSE), at issue price (NSE) |
BusinessToday reported that Adroit's issue was subscribed 176.85 times. It closed at ₹248.39 on NSE and ₹248.35 on BSE, about 85% above the issue price.
The rupee and oil
The rupee rose 13 paise to close at 95.81 against the dollar, PTI reported, from 95.94 on Tuesday. Yesterday's report gave a provisional close for Tuesday; PTI's report today puts it at 95.94.
In early trade, PTI reported Brent crude at $103.43 a barrel, up 0.82%, and the dollar index at 101.4, up 0.04%. These are early-trade figures, not closing ones. BusinessToday's closing report put the US 10-year Treasury yield at 5.293%.
The month in numbers
- September: the Nifty fell 1,459.95 points, or 6.06%, from 24,080.40 on 31 August to 22,620.45 today.
- Three days: since Friday 25 September's close of 23,140.50, it has fallen 520.05 points, or 2.25%.
- Lowest close since 30 March: the Nifty closed at 22,331.40 on 30 March 2026 and at 22,679.40 on 1 April. Today's close is below every close since 30 March.
- Intraday: today's low of 22,595.20 compares with 22,542.95, the low on 6 April 2026.
FII and DII flows
NSE's provisional figures for 30 September were not available on NSE, Kotak Neo or 5paisa when I checked at 8:55 PM. I'll include them in tomorrow's pre-market report.
For reference, on 29 September foreign institutional investors were net sellers of ₹9,980.22 crore (₹22,472.70 crore bought, ₹32,452.92 crore sold), and domestic institutions were net buyers of ₹6,952.71 crore (₹46,261.11 crore bought, ₹39,308.40 crore sold). Over 25, 28 and 29 September, foreign institutions sold a net ₹19,027.37 crore. HDFC Sky's closing report put foreign portfolio outflows in September at about $2.7 billion.
Tomorrow and this week
- Thursday, 1 October: first session of October. Record date for dividends of ₹1.50 per share at Indraprastha Gas and ₹8 per share at R Systems International.
- Friday, 2 October: markets closed for Gandhi Jayanti.
- Wednesday, 7 October: RBI policy decision.
What I'll check before tomorrow's open
These are the data points I'll look at, not a forecast:
- Where GIFT Nifty trades overnight compared with today's Nifty close of 22,620.45.
- NSE's provisional FII and DII figures for 30 September.
- Brent crude after the US session, and the rupee when currency trading opens.
Sources
- Index, sector and stock prices, intraday path and India VIX: Zerodha Kite market data (NSE and BSE)
- Market close and NSE breadth: HDFC Sky, BusinessToday
- Hospital stocks: Business Standard, BusinessToday
- Parliamentary panel proposal (11 August): Outlook Business
- BSE joins the Nifty 50: Business Standard
- IPO listings: BusinessToday
- Rupee: PTI via Deccan Herald
- Brent and dollar index (early trade): PTI via HDFC Sky
- FII and DII flows (29 September): NSE provisional data via Kotak Neo
- Record dates: Kotak Neo
This note summarises public news and data for information only. 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.