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BankingInsuranceHigh impactAfter close

Bank Nifty, Fin Nifty drop as IRDAI proposals impact earnings

after close1 source ↓written by the desknot a recommendation

Bank Nifty and Fin Nifty fell by up to 2% on 24 Sept as brokerages warned of potential earnings impacts from IRDAI's proposed commission caps on insurance. Axis Bank and Max Financial were among the top losers, reflecting broader declines in bank and NBFC shares. 📉

The proposed changes may lead to reduced profitability for insurance companies, affecting investor sentiment in the sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Sept 2026, 16:16 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

AXISBANK closed +3.0% on the day of the news, from ₹1,186.50 to ₹1,222.40; Nifty +0.3% over the same session; futures OI −0.7%.

Bulletin at 16:16 IST on 24 Sept 2026. Every change is measured from ₹1,186.50, the last close before it, on 24 Sept. Nifty 50 is measured over the same sessions.

  • AXISBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
AXISBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it108111871292axis spans 20%before the news · 24 Sept1187Nifty 50AXISBANKbulletinD0+1+318 Sept25 Sept1 OctFutures open interest, lotspeak 1.6 LReference close ₹1,186.50. 10 sessions from 18 Sept to 1 Oct; the price axis spans 20 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before24 Sept₹1,186.50basebase
On the day25 Sept₹1,222.40▲ +3.0%▲ +0.3%+2.7 pp difference
+1 session28 Sept₹1,209.90▲ +2.0%▼ −1.2%+3.2 pp difference
+3 sessions30 Sept₹1,226.00▲ +3.3%▼ −1.9%+5.3 pp difference
+5 sessionsnot reached yet———
Gap at the open, % · ₹
▲ +0.4%+4.98 on 25 Sept
Day's range, % · ₹
2.8%≈ 33 high to low
Volume on the day
1.42×the 20-session average
Futures OI on the day
▼ −0.7%−1,100 lots · short covering · price +3.0%
Futures OI open, lots
1.5 L25 Sept · 29 Sept expiry
Futures premium, ₹
−2.60−0.2% to spot
Puts per call, by OI
0.62from 0.48 the session before
Max pain
1,240from 1,220 the session before

Source NSE UDiFF bhavcopy · AXISBANK on the desk →

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