Market snapshot
Nifty 5023,217.60+0.43%
Sensex74,336.45+0.45%
Bank Nifty56,292.45+0.89%
Previous close · 16 Sept 2026 · Nifty has closed between 0% and +0.5% on 326 of the last 1,259 sessions.
In the previous session, the Indian markets saw modest gains with narrow breadth as investors weighed the implications of the US House's passage of a Russia sanctions bill, which could lead to higher tariffs on Indian exports. PATANJALI was the day's top gainer, up 7.81%. The passage of the sanctions bill, combined with the US Fed's rate hike, added a layer of uncertainty to global trade and financial conditions, which seemed to influence market dynamics.
The big story
US House passes 100% Russia sanctions bill, India faces risk of higher tariffs
US House passes 100% Russia sanctions bill, risking higher tariffs for India.
News
The much-awaited ₹22,569-crore NSE IPO opens for subscription today, with a price band set at ₹1,700–₹1,785 per equity share, and the issue will remain open until September 21.
Rentomojo IPO shares are set to list today, with a grey market premium indicating potential listing gains of 26%, following an IPO priced at Rs 404 per share.
Steamhouse shares are making their market debut today, with a grey market premium pointing to 20% listing gains, following an IPO priced between Rs 77 and Rs 81 per equity share.
Karamtara Engineering IPO, which received an overwhelming response with a subscription rate of 66.01 times, is listing today with a grey market premium suggesting a 16% potential upside.
The NSE IPO opens today with a price band that values the issue at Rs 22,569 crore, and it will close on September 21.
Tata Sons' board is set to discuss whether N Chandrasekaran should reconsider his decision not to seek a third term as chairman, following the RBI's rejection of their application to surrender its CIC registration.
Spark Capital PWM's Deepan Kapadia suggests that if crude oil prices remain above $100 a barrel, the RBI might consider a 25 bps repo rate hike.
Brent crude futures fell to $104.62 a barrel, reflecting a $1.25 drop, as tensions in the Middle East continue to influence market dynamics.
Stocks Updates
Railtel Corporation Of India: received a ₹63.2 crore order from Prasar Bharti for additional features on the WAVES OTT platform, to be executed by February 2029.
Reliance Industries: allotted NCDs worth ₹12,000 crore, at a 7.47% coupon.
Kalpataru Projects International: approved the prospectus for the IPO of Linjemontage I Grästorp AB, a subsidiary, with a sale of up to 15,466,413 shares.
Samvardhana Motherson International: received an order from the Indonesian tax authority disallowing certain expenses, resulting in a penalty of IDR 14.94 billion.
NSE: reported net income of ₹103 billion on revenue of ₹166 billion for the year ended March 2026, with a profit margin of about 62%.
Tata Consultancy Services: sponsors 14 prestigious marathons and endurance events globally, focusing on health, sustainability, and community empowerment.
Tata Communications: issued and allotted commercial paper amounting to ₹400 crore, listed on the NSE.
FII / DII activity
FIISold ₹2,032.61 Cr
DIIBought ₹3,908.23 Cr
FIIs sold ₹2,032.61 Cr, DIIs bought ₹3,908.23 Cr. DIIs providing support against heavy FII selling.
Market breadth
Nifty 500
Advances244
Declines251
A/D ratio0.97
Limited participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
FMCG+1.63%
PSU Bank+1.44%
Realty+0.99%
Bank+0.89%
Media+0.74%
Fin Services+0.74%
Metal+0.55%
Auto+0.51%
Energy+0.10%
Infra-0.02%
Pharma-0.16%
IT-1.58%
Leaders: FMCG, PSU Bank · Laggards: IT, Pharma
Top gainers and losers
Gainers
PATANJALI₹365.00+7.81%
POLICYBZR₹1,827.10+5.25%
MFSL₹1,487.60+4.33%
PAYTM₹1,790.00+3.47%
HDFCLIFE₹530.20+2.73%
Losers
PREMIERENE₹899.00-4.87%
KALYANKJIL₹580.90-3.86%
NYKAA₹325.60-3.15%
SONACOMS₹768.00-2.78%
TCS₹2,188.80-2.76%
Commodities & forex
🪙 Gold (10g)₹1,52,950.00+0.31%
🥈 Silver (1kg)₹2,35,275.00+0.21%
USD/INR95.99+0.16%
Global cues
S&P 5007,551.81-0.45%
Nasdaq25,978.42-0.01%
S&P 500 futures7,589.25-0.47%
Nasdaq futures28,955.00-0.68%
The S&P 500 closed 0.45% lower. The Nasdaq fell 0.01%.
Technical levels
Nifty support23,127.55 / 23,037.50
Nifty resistance23,296.20 / 23,374.80
Bank Nifty support55,946.87
Bank Nifty resistance56,503.37
Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.
Corporate actions
Upcoming dividends
Ircon International
Dividend ₹0.70/sh · ex 17 Sep
Gujarat Fluorochemicals
Dividend ₹3.00/sh · ex 17 Sep
Acutaas Chemicals
Dividend ₹2.50/sh · ex 17 Sep
Earnings calendar
Skyways Air Services17 Sep
Term of the day
ADR/GDR
ADRs and GDRs are overseas depositary receipts that represent shares of Indian companies traded in foreign markets.