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Nifty Plunges 6% in Worst September Series in 25 Years; Auto Sector Hit Hardest
M
Moneycontrol•29-09-2026, 15:04
Nifty Plunges 6% in Worst September Series in 25 Years; Auto Sector Hit Hardest
- •Nifty drops 6% in the September series, marking its worst performance in 25 years, with all sectors except pharma declining.
- •Markets remain choppy on Nifty monthly expiry day, with Nifty slipping below 22,700 and Sensex declining 300 points.
- •Small- and midcap indices snap a five-series winning streak, while auto, realty, and PSU banks are the worst-performing sectors.
- •IT and consumer durable stocks are under pressure, while metal and pharma stocks buck the broader market trend.
- •The rupee hits a two-month low, breaching the 96-per-dollar mark.
Key Questions Answered
The Nifty recorded its worst September series in 25 years, declining by 6% over the month.
Auto, realty, and PSU banks emerged as the worst-performing sectors during the September series.
Dr Reddy’s, Kotak Mahindra Bank, and Tata Steel were the top gainers, while Titan, HCL Tech, and HDFC Life emerged as the top losers.
