Archive · 28 Sep 2026
NSE Shares Slip Below IPO Price Amid Weak Market Sentiment
NSE shares fell for the second trading session in a row.
They opened at ₹1,786 but soon dropped as low as ₹1,761.
This put the shares below their IPO price of ₹1,785.
Experts said the main reason was weak mood in the wider stock market.
Arun Kejriwal believes NSE is a strong long-term portfolio stock.
Anuj Gupta advised current shareholders to hold, but to use ₹1,740 as a stop-loss level.
The share may face difficulty rising unless it moves back above ₹1,785.
Experts will also watch whether it can stay above about ₹1,770.
NSE shares opened at ₹1,786 on the BSE and fell to an intraday low of ₹1,761 on Monday.
The stock slipped below its ₹1,785 IPO price on its third day of listing.
Experts attributed the decline mainly to weak sentiment in the broader Indian stock market.
Anuj Gupta advised shareholders to hold with a stop-loss at ₹1,740, while watching ₹1,785 as immediate resistance.
Arun Kejriwal said sustained trading above roughly ₹1,770 could support a move back above ₹1,785.
- Who
- NSE shareholders and market experts Arun Kejriwal and Anuj Gupta.
- What
- NSE shares continued falling and moved below their ₹1,785 IPO price on the third day of listing.
- When
- Monday, the second consecutive session of decline after listing.
- Where
- The shares traded on the BSE and NSE in the Indian stock market.
- Why
- Experts attributed the fall primarily to weak market sentiment, despite views that NSE has strong fundamentals.
Long-term bullish view
Short-term cautious view
Investment outlook
Long-term bullish view
Arun Kejriwal described NSE as a portfolio stock reflecting the Indian economy and capital market, and recommended buying and holding it for long-term goals.
Short-term cautious view
Anuj Gupta advised shareholders to hold only while monitoring the ₹1,740 stop-loss and waiting for a decisive move outside the ₹1,740–₹1,785 range.
Potential recovery
Long-term bullish view
Kejriwal said sustained trading above roughly ₹1,770 for a few hours could allow the stock to rise above ₹1,785.
Short-term cautious view
Gupta said a recovery could not be expected without a bullish trigger for the Indian stock market if the share fails to move above ₹1,785.
Meaning of the decline
Long-term bullish view
Kejriwal said the stock’s opening above the previous close, despite a falling market, showed confidence from bullish investors.
Short-term cautious view
The continued sell-off and break below the IPO price indicate near-term weakness, with ₹1,785 and the previous close acting as hurdles.
- Opening price
- ₹1,786 per share on the BSE
- Intraday low
- ₹1,761
- IPO price
- ₹1,785
- Suggested stop-loss
- ₹1,740, according to Anuj Gupta
- Immediate resistance
- ₹1,785, followed by the previous close around ₹1,792–₹1,795
- Average weighted price
- Around ₹1,770 during Monday’s trading
- Listing status
- Third day of trading