Top Traded by Value Today 28-Sep-2026: NSE Leaders

Introduction

Nifty 50 closed at 22,925.10 (-0.93%) while the BSE Sensex fell to 72,933.31 (-1.30%) on 28 Sep 2026, as heavyweight financials and index majors drove most of the day’s turnover. Market breadth was sharply negative, with only 2 Nifty 50 constituents advancing versus 48 declines. The highest traded-by-value counters were dominated by large-cap banks and index heavyweights, reflecting institutional risk reduction on a down day.

Large Cap Top Traded by Value

Reliance Industries Ltd (-2.24%) Reliance fell as the broader market extended its risk-off move, with the stock sliding to near its 52-week low zone (52W low: Rs 1196.05). The heavy traded value reflected index-linked selling in large weights as benchmarks dropped and investors de-risked cyclicals.

HDFC Bank Ltd (-2.30%) HDFC Bank declined in line with a sharp drop in the banking pack, with Nifty Bank closing materially lower on the day. The stock also stayed among the most active by value, indicating institutional churn as investors reduced exposure to lenders during the market-wide drawdown.

BSE Ltd (-2.95%) BSE slid as equities sold off broadly, and the exchange counter moved lower alongside other market-sensitive names. The stock’s high traded value suggested active profit-taking and re-positioning in a volatile tape where most index constituents ended in the red.

State Bank of India (-2.10%) SBI weakened with PSU banks, mirroring the decline in the Nifty PSU Bank index. The high turnover indicates active rebalancing in liquid PSU financials as investors trimmed exposure to rate-sensitive stocks amid concerns flagged in the day’s market narrative.

Bharti Airtel Ltd (-0.85%) Bharti Airtel fell less than the headline indices, but still closed lower as selling pressure remained broad-based across sectors. The comparatively smaller decline versus banks highlighted its relative defensiveness even as benchmark heavyweights saw high value rotation.

Mid Cap Top Traded by Value

PB Fintech Ltd (-1.17%) PB Fintech declined as midcaps stayed under pressure, with the Nifty Midcap 100 ending lower on the session. The stock’s presence among the top value counters points to active institutional trading even as risk appetite softened across the broader market.

Dixon Technologies (India) Ltd (+1.69%) Dixon rose despite a weak tape, indicating stock-specific demand and rotation into select manufacturing-linked names. The positive close alongside high traded value suggested accumulation in a market where most midcaps finished down.

One 97 Communications Ltd (-2.37%) Paytm fell as selling pressure intensified in high-beta names during the benchmark decline. The stock also saw elevated value turnover, reflecting active repositioning rather than illiquidity-driven moves.

Ather Energy Ltd (-2.74%) Ather dropped in a session where the Nifty Auto index also ended lower, keeping EV and auto-linked names under pressure. The heavy traded value highlights that the move was driven by large transactions amid a broader sectoral decline.

Dr Reddys Laboratories Ltd (+1.64%) Dr Reddy’s gained as investors rotated toward relatively defensive sectors, with pharma outperforming several cyclical pockets on a down day. The stock’s strong turnover indicates steady demand even as the broader market breadth remained negative.

Small Cap Top Traded by Value

SS Retail Ltd (-1.33%) SS Retail slipped after a highly volatile session with one of the highest volumes among smallcaps in the traded-by-value list. With no fresh company-specific update in the provided data, the move appears driven by active profit-taking and rotation, amplified by the stock’s unusually heavy turnover.

Clean Max Enviro Energy Solutions Ltd (-1.02%) Clean Max fell despite announcing a Rs 2,500 crore fundraise through rated CRISIL AA/Stable green NCDs across multiple series, anchored by institutions including IFC, NABFID and IIFCL. The stock’s decline suggests the market prioritised the broader selloff and near-term supply dynamics, even as the fundraise strengthened long-tenor financing visibility.

Hero Motors Ltd (-4.70%) Hero Motors dropped sharply amid outsized volumes, reflecting heightened volatility in a newly watched counter. In the absence of a fresh regulatory or results trigger in the provided feed, the steep fall alongside very high turnover points to aggressive de-risking by traders during a weak smallcap session.

R Systems International Ltd (+17.78%) R Systems surged after it declared a second interim dividend of Rs 8 per share, with a record date of 01 Oct 2026 and payment slated by 24 Oct 2026. The dividend event provided a clear near-term catalyst, and the jump came with heavy volumes, signalling strong participation after the announcement.

Aequs Ltd (+5.58%) Aequs advanced with strong traded volumes, standing out in a risk-off session for smallcaps. With no specific news item in the provided feed, the move is best explained by technical momentum and stock-specific accumulation visible through elevated turnover.

Market Overview

Nifty 50 ended at 22,925.10 (-0.93%) and the Sensex closed at 72,933.31 (-1.30%), as selling remained concentrated in liquid index heavyweights and banks that also dominated traded value. Broader indices were also weak, with Nifty Bank and financial services underperforming and keeping the market’s tone defensive through the session.

Sectorally, banks, PSU banks, autos and FMCG were among the notable laggards as per the day’s sector index readings, while IT and pharma showed relative resilience compared with the broader decline. The session narrative also highlighted pressure from macro factors cited in the provided context, including higher oil prices and concerns around global yields and foreign outflows.

Market breadth remained decisively negative with 2 advances and 48 declines on the Nifty 50, underlining that the day’s trading value was driven more by risk reduction and portfolio rebalancing than broad-based buying.

Explore More Market Movers

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https://www.multibagg.ai/market-movers/top-gainers