Nifty 23,140 vs 23,300 Today: Will 7-Week Fall End? Monday Open Explained 2026

Live: Sensex 73,895 and Nifty 23,140 open Monday 28 September. Gift Nifty 23,237, FII-DII gap, Brent $104.32 and deferred bank strike explained today.

Sensex closed at 73,895.74 on Friday after a sharp weekly slide. Nifty held 23,140.50 as Monday 28 September opens for live trade.

Indian markets were shut on Saturday and Sunday. Friday close is the base for Monday positions.

The Sensex gained 315.20 points on Friday. It closed at 73,895.74 after a volatile session.

Nifty added 77.40 points to finish at 23,140.50. Breadth was positive with 34 advances and 15 declines.

One stock in Nifty stayed unchanged. That shows selective buying after Thursday panic.

The Sensex opened at 73,525.92 on Friday. It touched a high of 73,968.05 and a low of 73,477.77.

The intraday swing was 490.28 points. Buyers stepped in during the afternoon session.

Of 30 Sensex stocks, 19 closed higher and 11 fell. Banks, autos and oil shares led the rebound.

Friday recovery came after a fall to a three month low. Short covering helped the late rally.

Opening bell

Gift Nifty closed at 23,237.50 on 26 September. It was up 49 points or 0.21%.

That level hints at a steady to positive start. Pre-open runs from 9:00 AM to 9:15 AM.

Normal trade runs from 9:15 AM to 3:30 PM. Monday is a full session on NSE and BSE.

Nifty faces first test near 23,120. The 23,000 to 23,050 zone is key support below it.

Rupak De of LKP Securities flags 23,000 as first support. Next support stands at 22,700.

Resistance sits at 23,200 to 23,300. A firm move above 23,300 can improve the setup.

A sustained push above 23,450 can extend the rebound. Failure near 23,120 keeps 23,000 in focus.

Sensex support lies at 73,200 to 73,450. That band held during Friday intraday dips.

Sachin Gupta of Choice Equity sees 73,500 to 74,000 as the watch zone. Moves with open interest will confirm direction.

Buying above 74,000 can open 74,200 to 74,500. A break below support can bring fresh supply.

Nifty stays below key moving averages. It keeps forming lower highs and lower lows.

Weekly RSI has turned weak. That signals caution even after Friday bounce.

Bank Nifty closed at 55,580.40 on Friday. It added 141.90 points or 0.26%.

Strength in Bank Nifty was narrow and centred on HDFC Bank. Other lenders were mixed.

Nifty Auto led sectors with a 0.89% gain. Lower fuel cost hopes aided auto shares.

Infosys was the weakest large cap on Friday. IT tracked mixed Nasdaq cues.

India VIX eased to 12.16 with a 4.18% fall. It was the second straight calm session.

Lower fear gauge helped buyers return. Thursday spike to 12.71 had scared intraday traders.

FII vs DII

Foreign investors sold a net 11,490 crore in the week to 25 September. It was their sixth straight week of selling.

Domestic funds bought a net 16,398 crore in the same week. They bought on all five sessions.

September so far shows foreign outflow of 18,531 crore. Domestic buying stands at 52,617 crore.

This tug of war explains the range near 23,000. Supply meets steady local flow at lower levels.

Daily provisional data for 25 September is awaited in full. Exchanges release cash numbers between 4:00 PM and 5:30 PM.

Detailed derivatives and open interest data comes later in the evening. Traders track it for expiry positioning.

On 24 September, foreign funds sold 5,027.36 crore in cash. Local funds bought 4,301.18 crore that day.

Year to date divergence is wide. Foreign funds remain heavy sellers while local funds absorb supply.

Pabitro Mukherjee of Bajaj Broking notes six weeks of foreign selling. He sees local buying cushioning the fall.

Ponmudi R of Enrich Money flags US yields above 5.10%. Tight global liquidity hurts emerging market flows.

Oversold charts can trigger sharp bounces. Durable recovery needs stable crude and softer yields.

It also needs slower foreign selling. Watch daily cash totals after market close.

Net institutional flow matters more than one side. Foreign selling with local buying can still hold the range.

Primary market foreign inflows on 24 September aided totals. Secondary selling was partly offset that day.

Banks open today

The three day bank strike from 28 to 30 September stands deferred. Unions and IBA reached an understanding on 27 September.

The meeting took place at 9:30 PM on Sunday. A high level panel will study the five day week demand.

Public sector banks were open on Sunday 27 September as a special step. Branches will work normally on Monday.

State Bank of India branches will operate as usual. Private lenders like HDFC Bank stay open in any case.

Salary credits for September should process normally. The feared delay from strike week is now avoided.

September 30 is half year closing for banks. That date needs reconciliation, provisioning and treasury work.

Strike deferral removes a big operational risk for that day. Fund settlement can proceed on schedule.

Bank Nifty traders track HDFC Bank and ICICI Bank at open. aide: HDFC Bank led Friday recovery in banks.

Loan growth talk and margin notes will matter this week. Credit growth has run ahead of deposit growth since FY2023.

RBI Bulletin for September notes credit deposit ratio above 80%. It links the rise to borrowings and capital moves.

RBI released the September Bulletin on 25 September. It pegs Q1 growth at 7.8% with strong exports.

Headline inflation rose to 4.8% in August on food and fuel. Forex reserves touched an all time high.

System liquidity surplus rose on deposit flows. That backdrop supports bank funding into the festive season.

Crude and global cues

Brent settled at $104.32 on Friday with a 2.28 dollar fall. The drop was 2.1% on the day.

WTI closed at $92.41 with a 2.20 dollar fall. That was a 2.3% slide.

For the week, Brent added less than 1%. WTI fell about 8% on the week.

Ceasefire hopes between the US and Iran aided the Friday cool off. A seven day Hormuz traffic plan is in focus.

Tehran signals ships can move in seven days if curbs ease. Lifting of naval blocks and oil curbs is part of that plan.

Any fresh tension can push crude back up. That would hurt import bill and margins.

India imports most of its oil needs. High crude lifts inflation risk and pressures the rupee.

Paint, aviation and fuel retail shares track crude closely. Friday ease helped those pockets rebound.

US stocks closed higher on Friday on tech gains. Microsoft and AI linked shares led the move.

S and P 500 rose 0.51% to 7,743.41. Nasdaq added 0.48% to 27,068.72.

Dow gained 0.93% to 51,828.62. For the week, S and P added 1.2% and Nasdaq rose 2%.

Nasdaq also hit a fresh record close. That capped downside for late sellers in Mumbai.

Japan Nikkei rose 1.30% to 66,364.20 on Friday. It was the fifth straight winning session.

Topix added 1.31% to 4,128.59. Dividend buying ahead of Monday cutoff aided Tokyo.

Kospi closed at 7,080.92 on 23 September with a 0.90% gain. It added 63.01 points that day.

Kospi stood at 6,894.23 a week earlier. AI and chip buying offset rate worries.

Taiwan TAIEX slipped 0.28% on 24 September. Asia stayed split on yield pressure.

Gift Nifty at open often sets the first 15 minutes. Check it before placing early orders.

US futures through our close stayed firm on Friday. That helped shorts cover into the bell.

Gold and rupee

Gold held firm as stocks stayed volatile. Domestic 24K rate stood near 1,51,250 per 10 grams on 25 September.

The day change was a 0.23% slip. Silver stood near 2,37,900 per kilo with a 0.31% slip.

Global gold futures held above 4,300 dollars. Safe haven bids stay active on war and rate fears.

World Gold Council notes August rally near 4,386 dollars. September has cooled about 3.9% globally.

Indian gold ETF inflows stayed positive in August. Holdings rose to 121.3 tonnes with steady retail adds.

Digital gold buying averaged near 1.6 tonnes a month from June to August. Festive season can lift footfalls.

Rupee closed near 96.05 with a 0.14% gain on Friday. Brent ease and local flows aided the unit.

A strong dollar near 101 still pressures the rupee. US 10 year above 5.10% keeps global funds cautious.

Foreign demand for Indian bonds stays selective. Fully accessible route saw buying while other routes saw sales.

A demat account suits stock buyers who want delivery. A trading account fits active intraday users.

Mutual fund SIP flows stay strong on monthly data. That steady bid supports broad market breadth.

Jewellers add making charges over the base rate. GST at 3% also applies on final bills.

What should investors watch next

Three dated triggers will shape this week. Keep them on a single screen at open.

First, crude and Hormuz headlines through this week. A seven day traffic plan can swing Brent fast.

Fresh tension can lift Brent back above recent highs. That would pressure rupee, paint and airline shares.

Second, US data releases through this week. Growth and inflation prints will reset rate odds.

Higher yields can extend foreign selling in cash. Softer prints can aid Gift Nifty gaps at open.

Third, 30 September bank half year close. Reconciliation and treasury activity peaks that day.

Strike deferral keeps branches and settlement working. Still, watch payment cutoffs on that date.

Axis Bank rose 2.82% on Friday. Mahindra and Mahindra added 2.24%.

Asian Paints gained 1.93%. These three led value buying after the expiry slide.

Reliance Industries and HDFC Bank stay in focus at open. Their weight can tilt Sensex and Bank Nifty.

Tata Consultancy Services and Infosys track Nasdaq tone. US tech strength can spill into Monday trade.

This article is for education only and is not SEBI advice. Consider risk, position size and a registered adviser for personal calls.

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