Key Events This Week
21 Sep: Stock opens week at Rs.1,024.00, down 0.29%
22 Sep: Further decline to Rs.1,009.00 (-1.46%) amid sector weakness
23 Sep: Intraday high of Rs.1,041.00 with 3.07% surge and robust options activity
24 Sep: Significant gap down and intraday low at Rs.975.75 amid heavy put option volumes
25 Sep: Modest recovery to Rs.995.00 (+1.21%) with surge in open interest
21 September 2026: Week Begins with Mild Decline
Bajaj Finance Ltd started the week at Rs.1,024.00, down 0.29% from the previous close. Despite the stock’s slight fall, the Sensex gained 0.46% to close at 35,787.64, indicating a divergence between the stock and the broader market. The volume was moderate at 60,471 shares, reflecting cautious investor sentiment amid mixed market cues.
22 September 2026: Continued Pressure Amid Sector Weakness
The stock declined further to Rs.1,009.00, a 1.46% drop, on increased volume of 153,008 shares. This underperformance coincided with a 0.32% fall in the Sensex and sectoral pressures within the NBFC space. Delivery volumes dipped, suggesting reduced long-term accumulation. The stock’s technical positioning remained below key short-term moving averages, signalling near-term resistance.
23 September 2026: Strong Intraday Rally and Elevated Options Activity
Bajaj Finance Ltd rebounded sharply, surging 3.07% to an intraday high of Rs.1,041.00, closing at Rs.1,040.00. This gain outpaced the Sensex’s 0.56% rise and the NBFC sector’s 1.85% increase, highlighting renewed buying interest. The stock opened with a 2.28% gap up, supported by an upgrade in its Mojo Grade from Hold to Buy and a Mojo Score of 71.0.
Trading volumes peaked at 281,921 shares, with the stock ranking among the most actively traded by value. Call option volumes surged, particularly at the Rs.1,030 and Rs.1,040 strikes, signalling bullish positioning ahead of the 29 September expiry. However, put options also saw heavy activity at nearby strikes, indicating hedging or cautious sentiment.
Technically, the stock remained above its 5-day, 100-day, and 200-day moving averages but below the 20-day and 50-day averages, reflecting mixed momentum. Institutional interest was evident despite a 23.55% decline in delivery volumes compared to the five-day average, suggesting a shift towards short-term trading.
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24 September 2026: Sharp Gap Down and Intraday Low Amid Bearish Sentiment
The stock opened with a significant gap down of 3.08%, falling to Rs.983.15 and touching an intraday low of Rs.975.75, a 6.18% drop from the previous close. This decline was sharper than the NBFC sector’s 2.7% fall and the Sensex’s 0.77% dip, reflecting heightened selling pressure and sectoral headwinds.
Put option volumes surged, with the 990 and 1,000 strike puts leading activity, indicating increased bearish positioning or hedging ahead of expiry. Despite heavy selling, delivery volumes rose by 20.92% compared to the five-day average, suggesting some long-term holders were accumulating amid weakness.
Technically, the stock remained above its 200-day moving average but below shorter-term averages, signalling near-term downtrend. The stock’s beta of 1.50 contributed to pronounced volatility, with panic selling followed by partial recovery by day’s end.
High-value trading persisted, with over ₹35,000 lakhs in turnover, underscoring strong investor engagement despite the negative price action.
25 September 2026: Modest Recovery and Surge in Derivatives Open Interest
Bajaj Finance Ltd closed the week at Rs.995.00, up 1.21% on the day, outperforming the NBFC sector’s 0.32% decline and the Sensex’s 0.11% fall. The stock traded within a narrow range, reflecting consolidation after the previous day’s sharp drop.
Open interest in derivatives surged by 11.13% to 1,90,443 contracts, accompanied by robust volumes and a combined futures and options turnover exceeding ₹2,25,000 lakhs. This activity suggests fresh positioning and heightened market interest ahead of the 29 September expiry.
Despite the price gain, the stock remained below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating resistance and consolidation. Delivery volumes jumped 72.79% compared to the five-day average, signalling increased investor conviction.
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Daily Price Performance Comparison
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-09-21 | Rs.1,024.00 | -0.29% | 35,787.64 | +0.46% |
| 2026-09-22 | Rs.1,009.00 | -1.46% | 35,672.04 | -0.32% |
| 2026-09-23 | Rs.1,040.00 | +3.07% | 35,870.78 | +0.56% |
| 2026-09-24 | Rs.983.15 | -5.47% | 35,291.38 | -1.62% |
| 2026-09-25 | Rs.995.00 | +1.21% | 35,353.29 | +0.18% |
Key Takeaways
Positive Signals: Bajaj Finance demonstrated resilience with a strong intraday rally on 23 September, supported by upgraded mojo ratings and robust call option activity. The surge in derivatives open interest and increased delivery volumes on 25 September indicate renewed investor interest and potential accumulation.
Cautionary Factors: The sharp gap down and intraday low on 24 September, coupled with heavy put option volumes, reflect heightened bearish sentiment and hedging ahead of expiry. The stock’s position below key short- and medium-term moving averages signals near-term resistance and consolidation risk. Elevated beta contributed to pronounced volatility during the week.
Market Context: Bajaj Finance underperformed the Sensex over the week, with sectoral pressures in the NBFC space influencing price action. Mixed technical indicators and divergent options activity suggest a market balancing optimism with caution as expiry approaches.
Conclusion
The week for Bajaj Finance Ltd was marked by significant volatility, with a 3.12% weekly decline contrasting the broader market’s milder fall. The stock’s sharp intraday swings, heavy options activity, and mixed technical signals underscore a complex market environment. While upgraded mojo ratings and strong institutional interest provide a solid fundamental backdrop, near-term price action remains susceptible to sectoral headwinds and expiry-related volatility. Investors should monitor key support and resistance levels, delivery volumes, and options market dynamics closely as the stock navigates this transitional phase.
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