A notable 3.8% drawdown with slightly above-average volume, coupled with breaking the 50-day moving average support, presents a concerning technical breakdown. In the absence of any specific positive news for the company, this could indicate genuine underlying selling pressure.
Daily Report
Daily Report - Tue, 29 Sept, 2026, 14:14 IST
Market Summary
Indian equity markets closed lower, with NIFTY 50 down 0.46% and SENSEX down 0.54%, indicating a cautious sentiment. The broad market showed weakness, as evidenced by a significantly negative advance-decline ratio of 14:44. Foreign Institutional Investors were net sellers by over 5300 crore, though Domestic Institutional Investors provided some support.
Key Takeaways
- NIFTY 50 and SENSEX both registered losses.
- Market breadth was heavily negative with 44 declines against 14 advances.
- FIIs were significant net sellers (-5353.22cr), while DIIs were net buyers (+5189.02cr).
- Pharma (+0.69%) and Metal (+0.47%) sectors showed resilience.
- NIFTY IT (-1.35%), NIFTY REALTY (-1.23%), and NIFTY AUTO (-0.75%) were among the top underperforming sectors.
- Notable individual losers included TITAN (-2.5%) and HEROMOTOCO (-2.2%).
Top Stories & Market Intelligence
- Macro & Policy - Reuters
GIPE Recommends Stable Repo Rate Ahead of RBI Review, Reuters Poll Predicts Hike
- Global Cues - Reuters
Weak Global Cues, Surging Crude Oil and US Bond Yields Dampen Indian Market Sentiment
- Earnings - Moneycontrol
No Major Q4 Earnings Today; Ansal Properties and Vipul Ltd. Board Meetings to Review Results
ANSALAPI, VIPUL - Sectoral - Economic Times
Indian Market Sees Broad Selling Pressure; Pharma Sector Shows Resilience Amid Decline in PSU Banks, Auto, and FMCG
BAJFINANCE, HDFCBANK, KOTAKBANK, RELIANCE, ASIANPAINT, INFY, SUNPHARMA, INDIGO, ADANIPORTS - Corporate Actions - Business Standard
HCL Technologies' Software Division to Acquire Robotiq.ai for €9 Million
HCLTECH - Stocks in Focus - Moneycontrol
Syncom Formulations, R Systems International Lead Top Gainers in Early Trade
SYNCOMF, RSYSTEMINT, SMCGLOBAL, SUNPHARMA, INDIGO, ADANIPORTS - Macro & Policy - Economic Times
India's CPI Inflation Rises to 4.82% in August, Driven by Food and Fuel Costs
- Corporate Actions - Moneycontrol
NLC India Issues Commercial Papers Worth ₹200 Crore
NLCINDIA
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| PEARL | Motilal Oswal Wealth Management Research Desk | buy | 1,500 | Recommended "Buy" with a Target Price (TP) of ₹1500, indicating a 14% upside. |
| INDEGENE | Motilal Oswal Wealth Management Research Desk | buy | 708 | Recommended "Buy" with a TP of ₹708, indicating a 16% upside. |
| NEOGEN | ICICI Direct | accumulate | 2,396 | Issued a target of ₹2396.30. |
| JSL | ICICI Direct | accumulate | 746 | Issued a recommended target of ₹745.70. |
Corporate Actions & Calendar
| Date | Ticker | Type | Name |
|---|---|---|---|
| 2026-09-30 | SAIL | dividend | Steel Authority of India Limited |
| 2026-09-30 | SSDL | dividend | Saraswati Saree Depot Limited |
| 2026-10-01 | IGL | dividend | Indraprastha Gas Limited |
| 2026-10-01 | RSYSTEMS | dividend | R Systems International Limited |
| 2026-10-06 | BLSE | split | BLS E-Services Limited |
| 2026-10-09 | MOLDTKPAC | bonus | Mold-Tek Packaging Limited |
FII / DII Activity
FII Net
−5,353.22 cr
DII Net
+5,189.02 cr
As of 2026-09-27
Market Cues
NIFTY 50
22,675.65
-0.46%SENSEX
72,376.01
-0.54%NASDAQ
26,820.38
-0.92%GOLD
4,147.1
-0.51%INDIA VIX
13.82
+1.34%Market Sectors
NIFTY BANK
54,304.8
-0.31%NIFTY IT
27,707.3
-1.35%NIFTY PHARMA
26,945.65
+0.69%NIFTY AUTO
26,326.95
-0.75%NIFTY METAL
12,914.2
+0.47%NIFTY ENERGY
36,694.75
+0.00%NIFTY REALTY
840.45
-1.23%NIFTY FIN SERVICE
26,518.45
-0.52%NIFTY FMCG
44,853.75
-0.91%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| DRREDDY | Dr. Reddy's Laboratories | 1,242.50 | +1.76% |
| KOTAKBANK | Kotak Mahindra Bank | 407.00 | +1.36% |
| ADANIENT | Adani Enterprises | 2,866.50 | +1.25% |
| ADANIPORTS | Adani Ports & SEZ | 1,764.00 | +1.16% |
| TATASTEEL | Tata Steel | 188.18 | +1.01% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| TITAN | Titan Company | 4,698.00 | -2.52% |
| HEROMOTOCO | Hero MotoCorp | 5,273.50 | -2.16% |
| WIPRO | Wipro | 158.23 | -2.06% |
| HDFCLIFE | HDFC Life Insurance | 520.95 | -2.00% |
| HAVELLS | Havells India | 1,064.20 | -1.92% |
52-Week High & Low
Near 52-Week High
No stocks within 2% of their 52-week high.
Near 52-Week Low
Market Close & Portfolio Surveillance
Session Summary
Three genuine sell signals were identified today, driven by significant drawdowns, high volume, and technical breakdowns, warranting close monitoring.
Alerts(3)
A significant 4.5% drawdown on average volume, without any readily available positive news to counteract it, suggests a strong bearish momentum. This warrants further investigation into potential fundamental changes or sector-specific headwinds.
A nearly 3% decline on significantly high volume (2.4x average), alongside breaching the 50-day moving average support, indicates a strong technical sell signal. This is further supported by the observed general weakness in the IT sector today.
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
ABREL ABREL | ₹1,160.6 | -2.59% | -2.6% vs prev close, vol 1.0x avg — flags: below 50DMA support |
ACE ACE | ₹1,205.05 | -0.66% | -0.7% vs prev close, vol 1.1x avg |
AMBUJACEM AMBUJACEM | ₹365.75 | -2.30% | -2.3% vs prev close, vol 1.5x avg — flags: below 50DMA support |
APOLLOHOSP APOLLOHOSP | ₹8,701.9 | -1.81% | -1.8% vs prev close, vol 0.5x avg |
ASTRAL ASTRAL | ₹1,375 | +0.33% | +0.3% vs prev close, vol 1.5x avg — flags: below 50DMA support |
BDL BDL | ₹1,090 | -2.15% | -2.1% vs prev close, vol 0.6x avg — flags: below 50DMA support |
BHARTIARTL BHARTIARTL | ₹1,771.2 | -0.01% | -0.0% vs prev close, vol 1.9x avg — flags: below 50DMA support |
BRIGADE BRIGADE | ₹564.05 | -3.42% | -3.4% vs prev close, vol 0.3x avg — flags: drawdown>3%, below 50DMA support |
BSOFT BSOFT | ₹269.1 | -0.74% | -0.7% vs prev close, vol 0.6x avg — flags: below 50DMA support |
CASTROLIND CASTROLIND | ₹200.1 | -0.50% | -0.5% vs prev close, vol 1.6x avg |
CENTRALBK CENTRALBK | ₹30.07 | -1.76% | -1.8% vs prev close, vol 1.2x avg — flags: below 50DMA support |
DALBHARAT DALBHARAT | ₹1,645.1 | -0.38% | -0.4% vs prev close, vol 0.3x avg — flags: below 50DMA support |
DIXON DIXON | ₹13,250 | -2.86% | -2.9% vs prev close, vol 0.9x avg — flags: below 50DMA support |
DLF DLF | ₹653 | -1.59% | -1.6% vs prev close, vol 1.3x avg |
FIRSTCRY FIRSTCRY | ₹184.37 | -0.19% | -0.2% vs prev close, vol 0.9x avg — flags: below 50DMA support |
GODREJCP GODREJCP | ₹855 | -1.50% | -1.5% vs prev close, vol 1.0x avg — flags: below 50DMA support |
HAVELLS HAVELLS | ₹1,043.3 | -3.84% | -3.8% vs prev close, vol 1.3x avg — flags: drawdown>3%, below 50DMA support |
HCLTECH HCLTECH | ₹1,225 | -2.29% | -2.3% vs prev close, vol 0.5x avg — flags: below 50DMA support |
HDFCBANK HDFCBANK | ₹722.7 | +0.51% | +0.5% vs prev close, vol 1.5x avg |
HEROMOTOCO HEROMOTOCO | ₹5,141.4 | -4.52% | -4.5% vs prev close, vol 1.0x avg — flags: drawdown>3% |
HINDALCO HINDALCO | ₹955.2 | -0.07% | -0.1% vs prev close, vol 1.5x avg — flags: below 50DMA support |
HINDUNILVR HINDUNILVR | ₹1,863.8 | -1.70% | -1.7% vs prev close, vol 1.6x avg — flags: below 50DMA support |
ICICIBANK ICICIBANK | ₹1,292.2 | -0.75% | -0.8% vs prev close, vol 1.7x avg — flags: below 50DMA support |
IIFL IIFL | ₹607.5 | +1.56% | +1.6% vs prev close, vol 1.0x avg |
INFY INFY | ₹1,015.4 | +1.22% | +1.2% vs prev close, vol 1.5x avg — flags: below 50DMA support |
IREDA IREDA | ₹111.2 | -3.26% | -3.3% vs prev close, vol 1.7x avg — flags: drawdown>3%, below 50DMA support |
ITC ITC | ₹265.1 | -0.04% | -0.0% vs prev close, vol 1.3x avg — flags: below 50DMA support |
ITCHOTELS ITCHOTELS | ₹160.53 | +1.24% | +1.2% vs prev close, vol 1.2x avg |
JINDALSTEL JINDALSTEL | ₹1,130 | -0.84% | -0.8% vs prev close, vol 1.1x avg |
JIOFIN JIOFIN | ₹217.56 | -1.33% | -1.3% vs prev close, vol 1.5x avg — flags: below 50DMA support |
JKPAPER JKPAPER | ₹391.35 | -1.71% | -1.7% vs prev close, vol 0.4x avg |
JWL JWL | ₹219.95 | -1.06% | -1.1% vs prev close, vol 1.3x avg — flags: below 50DMA support |
KALYANKJIL KALYANKJIL | ₹568.85 | +0.86% | +0.9% vs prev close, vol 1.4x avg — flags: below 50DMA support |
KAMATHOTEL KAMATHOTEL | ₹236.71 | +1.51% | +1.5% vs prev close, vol 0.7x avg |
KOTAKBANK KOTAKBANK | ₹406 | +1.11% | +1.1% vs prev close, vol 2.8x avg — flags: volume>2x avg |
LICI LICI | ₹390 | -2.66% | -2.7% vs prev close, vol 1.4x avg — flags: below 50DMA support |
LODHA LODHA | ₹1,109.25 | -0.60% | -0.6% vs prev close, vol 1.4x avg — flags: below 50DMA support |
M&M M&M | ₹2,951 | -1.45% | -1.4% vs prev close, vol 1.0x avg |
MANKIND MANKIND | ₹2,545 | +4.32% | +4.3% vs prev close, vol 3.1x avg — flags: volume>2x avg |
MAXHEALTH MAXHEALTH | ₹982.1 | -1.80% | -1.8% vs prev close, vol 1.4x avg — flags: below 50DMA support |
NEWGEN NEWGEN | ₹474.1 | -0.08% | -0.1% vs prev close, vol 2.0x avg — flags: below 50DMA support |
NHPC NHPC | ₹73.5 | -1.34% | -1.3% vs prev close, vol 0.6x avg — flags: below 50DMA support |
PRESTIGE PRESTIGE | ₹1,417.5 | -3.62% | -3.6% vs prev close, vol 1.6x avg — flags: drawdown>3%, below 50DMA support |
PSB PSB | ₹21.13 | -0.80% | -0.8% vs prev close, vol 0.5x avg — flags: below 50DMA support |
PVRINOX PVRINOX | ₹1,190.1 | -2.85% | -2.8% vs prev close, vol 1.2x avg |
RELIANCE RELIANCE | ₹1,184 | -1.21% | -1.2% vs prev close, vol 1.0x avg |
SBIN SBIN | ₹964.7 | +0.28% | +0.3% vs prev close, vol 3.2x avg — flags: volume>2x avg, below 50DMA support |
TATASTEEL TATASTEEL | ₹187.95 | +1.05% | +1.0% vs prev close, vol 1.0x avg |
TCS TCS | ₹2,032.4 | -1.85% | -1.8% vs prev close, vol 1.5x avg — flags: below 50DMA support |
TMPV TMPV | ₹280.95 | -0.72% | -0.7% vs prev close, vol 1.5x avg — flags: below 50DMA support |
TVSMOTOR TVSMOTOR | ₹4,091.1 | -0.10% | -0.1% vs prev close, vol 1.1x avg — flags: below 50DMA support |
ULTRACEMCO ULTRACEMCO | ₹10,829 | -1.78% | -1.8% vs prev close, vol 1.9x avg — flags: below 50DMA support |
VBL VBL | ₹430 | 0.00% | +0.0% vs prev close, vol 1.5x avg |
VMM VMM | ₹104.3 | +3.46% | +3.5% vs prev close, vol 1.6x avg |
WIPRO WIPRO | ₹157 | -2.91% | -2.9% vs prev close, vol 2.4x avg — flags: volume>2x avg, below 50DMA support |