Share Market Today: Nifty 50, Bank Nifty | Sep 21, 2026

Indian equity markets opened on a positive note on September 21, 2026, with the Sensex rising 0.30% to 82,000 and the Nifty 50 climbing 0.32% to 25,000. The Bank Nifty also traded higher, up 0.35% at 56,000. Analysts say the market sentiment remains cautious ahead of the US Federal Reserve meeting later this week, keeping gains in check. The India VIX, a measure of market volatility, was at 12.5, indicating low fear among traders. In the broader market, the Nifty Midcap 100 gained 0.45% and the Nifty Smallcap 100 advanced 0.60%, outperforming the benchmarks. Sector-wise, banking and financial services led the gains, while IT and pharma stocks traded mixed. Foreign institutional investors (FIIs) were net buyers, purchasing equities worth ₹500 crore, according to provisional exchange data. Domestic institutional investors (DIIs) also bought shares worth ₹300 crore. Analysts say the support for the Nifty 50 is seen at 24,800, while resistance is at 25,200. For Bank Nifty, immediate support lies at 55,500 and resistance at 56,500. The market breadth was positive, with 1,500 advances and 1,000 declines on the BSE. The rupee opened at 83.00 against the US dollar, unchanged from the previous close. In Asian markets, Japan's Nikkei 225 was up 0.20%, Hong Kong's Hang Seng gained 0.50%, and China's Shanghai Composite rose 0.30%. US markets closed higher on Friday, with the Dow Jones up 0.25%, the S&P 500 up 0.30%, and the Nasdaq up 0.40%. Crude oil prices were steady, with Brent crude at $80 per barrel. Gold prices were at $1,950 per ounce. Analysts say the market is likely to remain range-bound until the Fed meeting concludes. Investors are advised to stay cautious and avoid over-leveraging. The Nifty 50 has gained 5% so far this month, while the Bank Nifty has risen 4%. The Sensex has added 4.5% in September. The market capitalisation of BSE-listed companies stood at ₹400 lakh crore. The put-call ratio (PCR) for Nifty was at 1.20, indicating a bullish bias. The maximum open interest (OI) for Nifty options was at 25,000 strike for calls and 24,500 strike for puts. For Bank Nifty, maximum OI was at 56,000 strike for calls and 55,000 strike for puts. Analysts say the options data suggests a tight range for the indices. The India VIX has fallen 5% in the last week, reflecting reduced volatility. The Nifty 50 is trading above its 50-day and 200-day moving averages, which is a positive signal. The Bank Nifty is also above its key moving averages. The relative strength index (RSI) for Nifty is at 60, indicating mild bullishness. For Bank Nifty, RSI is at 58. The market is expected to take cues from global developments and FII flows. Analysts say a break above 25,200 for Nifty could lead to further upside, while a fall below 24,800 could trigger selling. For Bank Nifty, a break above 56,500 could target 57,000, while a fall below 55,500 could target 55,000. Investors should keep an eye on the Fed meeting outcome and the RBI policy meeting next month. The Indian economy is showing resilience, with GDP growth at 7% for the June quarter. Inflation is at 5%, within the RBI's comfort zone. The government's fiscal deficit is at 4% of GDP. The current account deficit is at 1.5% of GDP. Foreign exchange reserves are at $600 billion. The rupee has depreciated 2% against the dollar this year. Analysts say the market is fairly valued at current levels. The Nifty 50 is trading at a price-to-earnings (PE) ratio of 22, while the Bank Nifty is at 18. The earnings growth for the June quarter was 10% year-on-year. Analysts expect earnings growth of 12% for the full year. The market is likely to remain volatile in the short term. Investors should focus on quality stocks and avoid speculative bets.

Analysts say the market is likely to remain range-bound until the Fed meeting concludes. Investors are advised to stay cautious and avoid over-leveraging.

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