NIFTY SMALLCAP 100 Index Drops Over 270 Points in Intraday Trade on September 28, 2026

The NIFTY SMALLCAP 100 Index opened the September 28, 2026, session with a weak outlook at 19,684.65 and registered an intraday high of 19,692.35 soon after opening. The index later touched an intraday low of 19,406.05. 

The index is trading in the red amid broad-based selling momentum, with small-cap laggards heavily outnumbering gainers. 

NIFTY SMALLCAP 100 Index Performance on September 28, 2026 

The NIFTY SMALLCAP 100 index opened below its previous close at the 19,684.65 level and hit an intraday high of 19,692.35. 

As the session progressed, aggressive selling pressure emerged across various small-cap counters, dragging the index down by over 280 points from its morning high to touch a low of 19,406.05. 

At 12:20 PM, the index was trading at 19,440.00, down by 275.25 points or 1.40% on September 28, 2026. 

Advance Decline Ratio of NIFTY SMALLCAP 100 Index on September 28, 2026 

The market breadth of NIFTY SMALLCAP 100 remained extremely weak during the afternoon session on September 28, 2026, with 12 stocks advancing, 87 stocks declining, and 1 remaining unchanged.  

Heavy liquidation was observed across multiple sectors, leaving the vast majority of small-cap index constituents in the red. 

Top Gainers and Losers of NIFTY SMALLCAP 100 Index on September 28, 2026 

The small-cap index recorded sharp downward movements across the majority of its constituents during the session at 12:20 PM. 

Among the gainers, Mangalore Refinery and Petrochemicals Limited (MRPL) led the positive traction with a Last Traded Price (LTP) of 171.24, gaining 6.64 points (+4.03%). 

It was followed by Great Eastern Shipping Company (GESHIP), which rose by 45.80 points (+3.06%) to an LTP of 1,543.00. 

Brainbees Solutions (FIRSTCRY) maintained a positive bias, trading at an LTP of 183.55 with a value increase of 2.72 points (+1.50%), while Anand Rathi Wealth (ANANDRATHI) rounded out the top gainers at an LTP of 2,147.40, ticking up by 20.60 points (+0.97%). 

Conversely, severe selling pressure was observed among the top losers, City Union Bank (CUB) dropped the sharpest in percentage terms, falling by 12.26 points (-5.44%) to an LTP of 213.31. 

Manappuram Finance (MANAPPURAM) also faced notable corrections, shedding 17.30 points (-5.18%) to reach an LTP of 316.70. 

IFCI Limited (IFCI) lost value, decreasing by 2.87 points (-3.88%) to trade at an LTP of 71.08.  

While Urban Company (URBANCO) slid close behind, dropping by 6.16 points (-3.65%) to cross an LTP of 162.83. 

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Conclusion 

On Monday, September 28, 2026, the NIFTY SMALLCAP 100 Index plunged by 1.40% by afternoon, weighed down by widespread risk-off sentiment. While energy and shipping players like MRPL and GE Shipping managed to cling to decent gains alongside consumer tech firm FirstCry, heavy damage to small-cap financial, banking, and commercial service scripts like City Union Bank, Manappuram Finance, and IFCI pulled the broader small-cap index down significantly. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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