Stories
Sensex Dips 49 Points, Nifty Below 22,650; Bank Stocks Rise Amid Volatile Session
N
News18•30-09-2026, 15:59
Sensex Dips 49 Points, Nifty Below 22,650; Bank Stocks Rise Amid Volatile Session
- •Indian benchmark indices closed Wednesday's trading session lower due to profit booking and a rebound in oil prices, with Sensex down 48.78 points and Nifty falling below 22,650.
- •The market experienced volatility, as gains in banking and select IT stocks were offset by selling pressure in pharma, healthcare, metal, and consumer durable shares.
- •Despite the decline in headline indices, broader markets showed a mixed trend, with Nifty Next 50, Nifty Midcap Select, Nifty Smallcap 100, and Nifty Smallcap 250 all gaining.
- •Banking stocks were key gainers, with Nifty Bank rising 0.69%; Kotak Mahindra Bank, ICICI Bank, and IndusInd Bank saw significant surges.
- •Pharma, healthcare, metal, and consumer durables sectors faced significant selling pressure, while the IT sector remained relatively resilient.
Key Questions Answered
Indian benchmark indices ended the session on a weak note due to profit booking and a rebound in oil prices, with the Sensex dropping 48.78 points to close at 72,480.29 and the Nifty falling 95.75 points to finish below 22,650 at 22,620.45.
Banking stocks emerged as key gainers, with the Nifty Bank rising 0.69% and indices like Nifty Private Bank and Nifty PSU Bank also finishing higher, alongside selective resilient performance in the IT sector.
The market pullback was driven by profit booking at higher levels, a rebound in oil prices, and elevated global bond yields that continued to act as a key overhang on risk-taking.
