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Full issue · 2026-09-16

Market Pulse: 16 September 2026 - Pre-Market Update

Market snapshot

Nifty 5023,118.60-1.19%
Sensex74,003.82-1.04%
Bank Nifty55,794.75-1.43%

Previous close · 15 Sept 2026 · Nifty is trading at the 20th percentile of its range over the last 252 sessions.

In the previous session, the Indian stock market saw a significant downturn driven by mounting geopolitical tensions in the Middle East. The U.S. strike on Iranian oil tankers and subsequent threats from Iran to target Gulf ports heightened concerns, potentially disrupting oil supplies and affecting global energy prices. This geopolitical unrest led to a broad sell-off, particularly impacting sectors sensitive to oil price fluctuations. Meanwhile, the IT sector was a rare bright spot, with major tech firms like HCLTECH, INFY, and TCS gaining strongly, likely buoyed by sector-specific news such as TCS's strategic partnership with Aareal Bank.

The big story

U.S. Strikes 5 Iranian Oil Tankers, Iran Threatens Gulf Ports As Tensions Escalate

US-Iran tensions escalate with strikes on oil tankers.

News

India's inflation rate rose to 4.82% in August, which may strengthen the case for a rate hike by the Reserve Bank of India.
India has ended the free ride for larger transactions on its digital payments network, introducing charges for high-value transactions.
India has started the process of tokenizing its $620 billion corporate bond market to enhance transparency and efficiency.
LNG demand in China and India is expected to surge once prices normalize, according to market analysts.
SS Retail has mobilized over Rs 146 crore from anchor investors ahead of its Rs 500-crore IPO, which opens for subscription from September 16 to September 18.

Stocks Updates

KEC International: secured new orders worth Rs. 1,303 crores across various businesses, including Transmission & Distribution projects in India, the Middle East, and the Americas.
UNO Minda: approved the issuance of Non-Convertible Debentures (NCD) up to INR 600 crores.
Bharat Heavy Electricals: approved further investment of Rs. 65 crore as equity contribution in NTPC BHEL Power Projects Private Limited.
UNO Minda: approved the issuance of Non-Convertible Debentures (NCD) up to INR 600 crores.
Tata Consultancy Services: announced a strategic partnership with Aareal Bank to transform its technology landscape with an AI-powered, cloud-first operating model.
Solar Industries India: proposed acquisition of Omnia Holdings Limited for ₹12,951 crores by Solar SA Investments Proprietary Limited.
Tata Communications: issued and allotted Commercial Paper amounting to Rs. 400 crore, listed on the National Stock Exchange of India Limited.

FII / DII activity

FIISold ₹2,977.86 Cr
DIIBought ₹2,686.05 Cr

FIIs sold ₹2,977.86 Cr, DIIs bought ₹2,686.05 Cr. DIIs providing support against heavy FII selling.

Market breadth

Nifty 500

Advances64
Declines436
A/D ratio0.15
AdvancesDeclines

Limited participation across Nifty 500

Sector performance

12 NSE sector indices, previous close

IT+2.19%
FMCG-0.50%
Pharma-1.30%
Bank-1.43%
Infra-1.83%
Fin Services-1.83%
Auto-2.01%
Energy-2.08%
Media-2.17%
PSU Bank-2.29%
Metal-2.54%
Realty-4.04%

Leaders: IT, FMCG · Laggards: Realty, Metal

Top gainers and losers

Gainers

HCLTECH₹1,253.70+3.95%
INFY₹1,077.00+3.79%
MPHASIS₹2,378.00+3.62%
DABUR₹384.90+2.37%
TCS₹2,251.00+2.28%

Losers

SOLARINDS₹19,250.00-13.64%
GVT&D₹4,246.90-6.62%
CGPOWER₹858.00-5.61%
SBICARD₹618.60-5.59%
MAHABANK₹79.56-5.51%

Commodities & forex

🪙 Gold (10g)₹1,50,723.00-0.06%
🥈 Silver (1kg)₹2,32,036.00-0.04%
USD/INR95.84+0.84%

Global cues

S&P 5007,585.73-0.45%
Nasdaq25,981.57-0.78%
S&P 500 futures7,625.00-0.45%
Nasdaq futures29,152.25-0.80%
Wall Street ended lower as oil prices spiked and the benchmark Treasury yield breached 5%, according to Reuters.
The Wall Street Journal reported that stocks declined as the 10-year Treasury yield hovered near 5%.
CNBC noted that the 10-year Treasury yield hit its highest level since 2007 as traders bet on a forthcoming Fed rate hike.
Fundstrat's Tom Lee told CNBC that the FOMC could trigger a significant rally in equities.
Axios highlighted that Wall Street is dismissing fears of an AI apocalypse.

Technical levels

Nifty support22,960.52 / 22,802.43
Nifty resistance23,434.77 / 23,750.93
Bank Nifty support55,394.22
Bank Nifty resistance56,595.82

Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.

Corporate actions

Upcoming dividends

BLS International Services
Dividend ₹0.50/sh · ex 16 Sep
Hindustan Copper
Dividend ₹1.86/sh · ex 16 Sep
Vijaya Diagnostic Centre
Dividend ₹2.00/sh · ex 16 Sep

Earnings calendar

Tempsens Instruments India16 Sep
CMI16 Sep

Term of the day

SPAN margin

SPAN margin is a portfolio-based initial margin system widely used for Indian futures and options.