Stock Market Highlights: Nifty Falls Over 1%, Closes Lowest Since April, All Sectors In Red Except Nifty IT

Nifty India Defence ended in the red for the fourth consecutive day, while Nifty Realty extended its losing streak to seven sessions. Nifty Auto, Nifty Pharma and Nifty FMCG also ended lower for the fourth day in a row, while Nifty Metal declined for the third consecutive session. Nifty PSU Bank and Nifty Oil & Gas ended in the red for the second straight day. Nifty Financial Services and Nifty Bank snapped their two-day gaining streaks, while Nifty IT ended higher for the second consecutive day.
 

Nifty saw a downtick of 53 points, Sensex witnessed a downtick of 168 points, while Nifty Bank dropped 114 points due to CAS.

Nifty 50 ended 279.5 points, or 1.19%, lower at 23,118.6, marking the lowest closing for the benchmark since Apr 2026. It has also closed lowest since the last 110 sessions.

Tembo Global gets BSE approval to list shares on exchange's mainboard platform.

• India's vegetable oil imports rose to 1.609 million tonnes in August, according to data from the Solvent Extractors' Association (SEA).

• Palm oil imports increased to 782,761 tonnes during the month.

• The import figures were reported by Bloomberg, citing SEA data.

• One MobiKwik founder Upasana Taku said the company was not expecting a fee on UPI payments below Rs 2,000, adding that merchant fees could be introduced going forward.

• Taku said 55-60% of transactions on the platform are above Rs 2,000 and that multiple players share MDR revenue for every payment transaction.

• The company has reported three consecutive quarters of profitability and expects 4-6% quarterly growth. Taku said the merchant business could grow 20-25% per quarter.

• MobiKwik is targeting a PAT of Rs 10-12 crore this quarter and said gross merchandise value rose 50% in Q1. The company earns 13 basis points for every Rs 100 of transactions.

• Taku said MobiKwik expects improved operating leverage and higher margins going forward, aims to achieve break-even in its merchant business next financial year, and is targeting a 10% market share in the merchant business over the next two years.

• Google India and JioStar have entered into a collaboration focused on AI-powered search, according to Bloomberg.
• The partnership brings together Google's AI capabilities and JioStar's digital ecosystem.

• Aurobindo Pharma has received approval from the US Food and Drug Administration (US FDA) for Beclomethasone Inhalation.

• Beclomethasone is used in respiratory therapies and will be manufactured at the company's Raleigh facility.

• The product has an estimated US market size of approximately $301 million.

• The development was disclosed in exchange filings.

• Ventura said the IT sector is entering a phase of recalibration rather than retreat, with global technology spending remaining intact but shifting towards AI infrastructure.

• The brokerage said the market is moving away from broad-based rallies as investors increasingly differentiate between companies benefiting from AI adoption and those facing disruption.

• Ventura cited safety-led pacing discussions among AI developers, greater scrutiny of technology spending returns and valuations that already reflect optimistic AI adoption expectations as key factors shaping the sector.

• The brokerage said firms that convert AI investments into enterprise outcomes through workflow integration could command a premium, while companies reliant on commoditised legacy delivery models may face pricing pressure and margin compression.

• The Nifty 50 fell below the 23,200 mark for the first time in 66 trading sessions.

• The index touched its lowest level since June 11, 2026.

• The Nifty declined nearly 400 points from the day's high during the session.

• The benchmark index has lost more than 1,500 points over the past 30 sessions.

• InCred Equities said threats to key Saudi Arabian oil export routes could increase uncertainty around global crude supplies, with disruptions potentially affecting shipping, insurance costs and buyer behaviour.

• The brokerage said Iran is exerting pressure through multiple channels, including the Strait of Hormuz, while attacks on alternative routes and shipping lanes undermine Saudi Arabia's export flexibility.

• InCred Equities noted that prolonged disruptions could translate into higher fuel prices and inflationary pressures, increasing economic costs beyond the region.

• The brokerage said expensive military capabilities may not ensure a decisive outcome and argued that negotiations and de-escalation could offer a more viable path to restoring stability in energy markets.

• Coforge has expanded into the automotive engineering industry under its Telecom, Media, Automotive and Energy Solutions (TMAE) industry vertical.
• The company disclosed the expansion in an exchange filing.

• Embassy Developments has launched Embassy Origins, an 85-acre residential project in North Bengaluru.

• Embassy Origins includes two projects that have received RERA approval.

• The two projects have a combined gross development value (GDV) of Rs 4,500 crore.

• The company disclosed the launch in an exchange filing.

• Neuland Laboratories said its first commercial peptide manufacturing module is now operational.

• The new module has a total reactor capacity of 7,000 litres.

• The company said the facility will add capacity at its commercial peptide manufacturing site.

• Neuland Laboratories expects to add three more modules at the peptide manufacturing unit site.

• Symphony said new product launches are expected to support revenue growth in the future and that it will invest in manufacturing capabilities.

• The company said uneven summers, higher input costs and the ongoing war have affected its performance and earnings.

• Symphony said margins remain under pressure due to higher input costs and expects to face headwinds while the war continues.

• The company expects the summer season in 2028 to be stronger and said the worst is behind it, with better performance ahead.

• SpiceJet said flights SG 5111 and SG 5105, operating from Delhi to Dubai, have been delayed.
• The airline said the delays were due to operational reasons following the grounding of an aircraft.
• SpiceJet said it is arranging alternate flights for affected passengers and has expressed regret for the inconvenience caused.

• Diamond Power has received an order worth Rs 179 crore from Adani Electricity Mumbai.
• The order is for the supply of specialised medium-voltage (MV) cables.
• The company disclosed the order win in an exchange filing.

• The general insurance industry reported gross premiums of Rs 27,454 crore in August, up 10% from a year earlier.

• Acko reported premium collections of Rs 285 crore, up 42.7% year-on-year, while Niva Bupa's premiums rose 37.5% to Rs 843 crore.

• Star Health reported premiums of Rs 1,709 crore, up 20%, while New India Assurance recorded premiums of Rs 2,339 crore, up 6.5% year-on-year.

• Go Digit reported premium collections of Rs 776 crore, up 51% from the year-ago period.

• Raamdeo Agrawal said rising global bond yields are a key concern and that current global bond yields are "rattling" him. He added that he remains cautious on global markets but sees limited concern for domestic markets.

• Agrawal said Indian manufacturers are seeing strong order inflows, with global clients increasingly shifting business from China to India. He identified niche manufacturing businesses with a global outlook as a significant opportunity.

• He said a reversal in HDFC Bank's stock could lift the broader banking sector and described HDFC Bank as a strong franchise. He also said elevated crude oil prices are not favourable for India but does not expect crude to drive a major market move.

• Agrawal said the capital markets industry is growing at 20-25% CAGR and that mutual funds could be the next growth driver for capital market companies. He expects India to reach 500 million demat accounts over the next five years.

• He added that India is undergoing a GCC boom, consumer companies are performing well, and the economy is on a strong footing. He also said the market will increasingly focus on business models as AI reshapes views on the IT services sector.

• Passenger vehicle sales rose 37% year-on-year to 4.39 lakh units in August, according to SIAM data.

• Total vehicle sales increased 13.8% to 25 lakh units, while total vehicle exports grew 22% to 6.8 lakh units.

• Two-wheeler sales rose 10.5% to 20.3 lakh units. Scooter sales increased 23.8% to 8.5 lakh units, while motorcycle sales were up 2.4% at 11.3 lakh units.

• Three-wheeler sales climbed 22.8% year-on-year to 93,764 units.

• The Supreme Court has upheld the High Court's decision approving a CBI probe into former NSE Managing Director and CEO Chitra Ramkrishna in connection with the NSE co-location case.

• The court dismissed Ramkrishna's plea challenging the CBI investigation and said the question of whether she qualifies as a "public servant" can be considered during the trial.

• Ramkrishna had argued that the Prevention of Corruption Act does not apply to her case and that NSE is a private organisation. The Supreme Court said the issue can be decided at the trial court stage.

• Fidelity International has sold a 4.8% stake in Computer Age Management Services (CAMS) through open market transactions.
• Following the stake sale, Fidelity International's shareholding in the company has reduced to 1.1%.
• The development was disclosed in an exchange filing.

• Tata Consultancy Services (TCS) has partnered with the Dubai Gold & Commodities Exchange (DGCX) to modernise the exchange's market infrastructure through a new integrated trading, clearing and surveillance platform.

• The project will provide DGCX with technology to support future growth, improve operational efficiency and accelerate the launch of new products across asset classes.

• TCS will deploy its BaNCS and Quartz platforms as part of the upgrade. The infrastructure will support DGCX's derivatives products across commodities, currencies, equities, bullion and precious metals, while also enabling expansion into emerging asset classes.

Total Vehicle sales rise 13.8% YoY to 25 lakh units in August, according to SIAM data. Here's a look:

• Total Vehicle sales grow 13.8% YoY to 25 lakh units
• Passenger Vehicle sales rise 37% YoY to 4.39 lakh units
• Two-wheeler sales up 10.5% YoY to 20.3 lakh units
• Three-wheeler sales rise 22.8% YoY to 93,764 units
• Total vehicle exports grow 22.2% YoY to 6.81 lakh units
   

The Indian stock market traded lower, weighed by selling across most sectors. The BSE Sensex declined more than 800 points from day’s high level, while the NSE Nifty 50 slipped below 23,350 level. IT and FMCG stocks rallied, while metals, realty, banks and auto stocks reeled under selling pressure.

Diamond Power Infrastructure share price was locked in at 5% upper circuit after the company received a Letter of Award from Adani Electricity Mumbai Limited (AEML) for the supply of additional medium voltage and low voltage underground power cables for the Mumbai distribution network.

The award is valued at Rs 179.43 crore inclusive of GST and covers approximately 871 kms of cable in aggregate — 33 kV and 11 kV medium voltage cable together with associated 1.1 kV low voltage cable.

Goldman Sachs Asset Management, Franklin Templeton, and Fidelity International Ltd. are among the global first set to participate as anchor investors in National Stock Exchange of India Ltd.’s initial public offering (IPO), Bloomberg reported, quoting sources.

Norges Bank Investment Management, Abu Dhabi Investment Authority, GIC, Eastspring Investments Services Pte Ltd., Millennium Management, Marshall Wace, Citadel Capital and Ghisallo Capital Management are also among those likely to subscribe to the anchor book, the report added.

The anchor book is likely to be about Rs 68 billion. 

A more measured AI development cycle could provide enterprises greater visibility on technology choices, reducing near-term obsolescence concerns and encouraging customers that had adopted a wait-and-watch approach to resume AI and digital spending, analysts said.

This should be incrementally positive for Indian IT, particularly across AI implementation, cloud transformation, governance and cybersecurity. Importantly, this may extend the monetisation window for IT vendors and provide more time to offset productivity-led pressure on legacy services. The structural risk of AI-driven productivity being passed onto clients remains in light, making the pace of AI-led revenue creation versus productivity-led deflation the key monitor, said Kunal Bajaj, Analyst & Shreya Mehra, Associate - Technology at Choice Institutional Equities.

The recovery in Indian IT ADRs comes ahead of the September 16 Fed decision, with markets pricing in ~90% odds of a 25 bps hike. Fed guidance, US yields and inflation commentary, alongside the evolving AI-spending debate, will remain key near-term drivers given Indian IT’s high North America exposure, the analysts added.

Tenneco Clean Air India share price jumped over 5% after brokerage firm Motilal Oswal Financial Services initiated coverage on the stock with a ‘Buy’ call and a target price of Rs 673 apiece, implying an upside potential of 33%.

Motilal Oswal believes Tenneco Clean Air India enters its next phase of growth from a position of strength, commanding ~58% share in CV Clean Air, ~68% in off-highway Clean Air (extractors), ~20% in PV Clean Air, and ~55% in PV shock absorbers and struts. These leadership positions, backed by deep OEM relationships and Tenneco’s global technology and R&D, create strong entry barriers.

The brokerage firm sees multiple growth levers ahead as premiumization raises suspension content, while BS-VII, CAFE III, and TREM-V drive higher Clean Air content across PVs, CVs, and offhighway applications. Localization of advanced technologies, new customer programs, and India’s emergence as an export hub should further support market- and wallet-share gains. It estimates a 19% earnings CAGR for the consolidated business (FY26-FY29E).

With a capital-efficient model and strong balance sheet, Tenneco Clean Air is well placed to pursue growth while sustaining healthy returns. Its net cash position, negative working capital cycle, 90% core RoCE, and strong cash conversion (70% CFO/EBITDA; 80% FCF/PAT) provide resilience and support expansion into new segments, Motilal Oswal said.

Gold is likely to remain volatile in the near term, with the stronger dollar, crude prices and expectations around US interest rates influencing sentiment. However, the broader outlook remains supportive, backed by geopolitical uncertainty, central-bank demand and gold’s safe-haven appeal, said Darshan Desai, CEO, Aspect Bullion & Refinery.

For the week ahead, he expects a range-bound to cautiously positive trend, with dips likely to attract physical buying. As the festive season approaches, demand should get an additional boost from jewellery, auspicious purchases and gifting. 

“Given elevated prices, consumers may prefer staggered buying and customised gold products rather than waiting to time the market. Overall, we remain cautiously bullish on gold, while expecting short-term volatility to continue,” said Desai.

Maharashtra Scooters said its board of directors have declared an interim dividend of Rs 160 per share (1600%) of face value of Rs 10 each for the financial year ending 31 March 2027. 

The dividend record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Monday, 21 September 2026. The aforesaid Interim Dividend will be credited on or before Tuesday, 13 October 2026, to the eligible shareholders as on the said Record Date.

Bank Nifty index turned negative, with 13 of its 14 constituents trading in the red. Barring HDFC Bank, all other constituents traded lower, with ICICI Bank, Kotak Mahindra Bank, State Bank of India (SBI), IndusInd Bank and Bank of Baroda leading the losses.

Pranav Constructions shares made a strong debut on Dalal Street today. The stock was listed at Rs 165 apiece on the NSE, a premium of 33.06% to the issue price of Rs 124 per share.

On BSE, Pranav Constructions shares were listed at Rs 162, a 38.65% premium.

Bajaj Holdings declared an interim dividend of Rs 65 per share. The company has set September 21 as the record date for determining the eligible shareholder for the interim dividend.

Gold and silver prices in India traded lower on the Multi Commodity Exchange (MCX). Gold rate traded lower by Rs 144, or 0.10%, at Rs 1,51,086 per 10 grams. MCX silver price was down by Rs 896, or 0.39%, at Rs 2,31,794 per kg.

Cochin Shipyard remains confident of outperforming its guidance. The company’s management told NDTV Profit that margin guidance is conservative, revenue growth could exceed the projected 12% with support from its JV, and there are currently no plans for a government OFS.

Cochin Shipyard remains confident of outperforming its guidance.

Management told NDTV Profit that margin guidance is conservative, revenue growth could exceed the projected 12% with support from its JV, and there are currently no plans for a government OFS. pic.twitter.com/PKAQjsT9ut

— NDTV Profit News (@NDTVProfit) September 15, 2026

HCL Technologies, Tech Mahindra, Infosys, TCS and HDFC Bank are the top gainer in the Sensex index, while Bharat Electronics, Titan Company, NTPC, and Bajaj Finserv are the top losers.

Sensex Heatmap

Nifty IT index jumped over 4%, with all of its constituents trading in the green. LTM, HCL Technologies, Infosys, Mphasis and Tech Mahindra led the gains, rallying over 5% each.

Among sectors, Nifty IT led the gains with over 4% rally, followed by Nifty FMCG, Nifty Auto and Nifty Private Bank. On the other hand, Nifty Metals, Nifty Realty and Nifty PSU Bank led the losses.

Broader markets also supported the rally, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices gaining 0.2% each.

The Indian stock market opened higher on Tuesday, with the benchmark Nifty 50 rising above 23,500 level.

The Sensex opened 587.87 points, or 0.79%, higher at 75,369.63, while the Nifty 50 gained 178.05 points, or 0.76%, to open at 23,576.15. The Bank Nifty index opened higher by 277.70 points, or 0.49%, at 56,884.25.
 

India 10-year bond yield rises 6 bps as RBI to sell bonds to drain cash.

The Indian rupee depreciated 20 paise to open at 95.75 per US dollar on Tuesday, as against Friday’s close of 95.55 level.

Technically, the near-term undertone is turning constructive as long as the Nifty sustains above 23,300. A decisive break below this level could drag the index towards 23,150, while on the upside, 23,550 remains the immediate hurdle, followed by 23,750. If crude prices show signs of easing, the positive opening could gain further momentum and extend the recovery beyond the initial gap-up, said Rajesh Palviya, Head of Research, Axis Direct.

Crude oil prices rose on supply disruptions concerns after Saudi Arabia’s East-West pipeline remained shit due to the attacks on its energy infrastructure. Brent crude futures rose 1.12% to $106.86 a barrel, while US West Texas Intermediate futures were up 1.26% at $102.67 a barrel.

India’s retail inflation rose to 4.82% YoY in August, driven by food items. The wholesale price-based inflation also increased to 9.92% in August from 9.78% in July, official data showed.

Bank Nifty is likely to remain cautious in the near term, as the index continues to encounter resistance at higher levels.

According to Ponmudi R, CEO of Enrich Money, the recent bounce will need sustained follow-through buying to confirm a durable shift in trend. On the upside, the 56,700–56,800 zone stands as the immediate resistance, and a decisive move above 57,000 would strengthen the recovery structure, opening the path toward 57,500–57,800.

On the downside, 56,200–56,000 remains the key support region. A confirmed break below 56,000 would intensify selling pressure and expose the index to the 55,800–55,600 zone. Overall, the near-term technical outlook for Bank Nifty stays cautious, with the index likely to remain range-bound until it clears the resistance band decisively, he said.

Nifty 50 is likely to trade with a weak undertone, as it continues to hold below its key moving averages, with the broader technical structure remaining bearish.

According to Ponmudi R, CEO of Enrich Money, on the upside, the 23,500–23,600 zone stands as the immediate resistance area for Nifty 50, and a sustained move above 23,600 would improve the near-term structure and open the path toward the 23,800–24,000 region. 

Until the index decisively reclaims this band, recovery attempts are likely to face renewed selling pressure, he said.

On the downside, he believes 23,300–23,200 remains the immediate and crucial support zone, and a decisive break below 23,200 could intensify selling pressure and expose the index to the 23,000 region. 

“Momentum indicators remain weak, with the RSI, near 27, points to oversold conditions, while the MACD remains firmly in negative territory, confirming that momentum continues to favour the bears. Overall, the near-term technical outlook stays bearish,” he added.
 

The benchmark 10-year US Treasury yields surged above 5%, the highest level since October 2023. The yield on the 10-year notes was last up 3.51 basis points at 5.01%.

Asia markets traded mixed on Tuesday, following overnight losses on Wall Street. Japan’s Nikkei 225 rose 0.40%, while the Topix fell 0.07%. South Korea’s Kospi declined 0.38%, and the Kosdaq rallied 1.96%.

The trends on Gift Nifty signal a muted start for the Indian benchmark indices, Nifty 50 and Sensex, today. The Gift Nifty was trading around 23,530 level, a premium of nearly 45 points from the Nifty futures’ previous close.

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note on Tuesday, tracking mixed global market cues, as rising crude oil prices and high inflation continue to weigh on sentiment. The fresh escalation in the US-Iran war in the Middle East and the disruption in energy supplies dent investor risk-appetite.