Full issue · 2026-09-24

Market Pulse: 24 September 2026 - Pre-Market Update

Market snapshot

Nifty 5023,446.80+0.14%

Sensex74,828.25-0.04%

Bank Nifty56,548.90+0.14%

Previous close · 23 Sept 2026 · Nifty has closed between 0% and +0.5% on 330 of the last 1,263 sessions.

Indices were little changed; the session was rangebound with no decisive directional move.

The big story

Oil Prices Surge, Tops $104 After Houthis Strike Riyadh

Oil prices rose above $104 due to Middle East tensions.

News

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed reducing life insurance commissions, capping payouts at 25% from the current 35%, to discourage distributors from focusing solely on acquiring new business.

Bangladesh has booked over 200,000 tonnes of Indian wheat following the lifting of India's export restrictions, marking the first significant purchases since 2022 amid tightened Black Sea supplies.

Indian copper producers are lobbying for a reduction in the Goods and Services Tax from 18% to 5% to alleviate working capital constraints caused by record-high copper prices.

Elevate Campuses IPO has seen a 20% subscription on its first day, with analysts recommending long-term investment due to strong earnings growth and market presence.

Varmora Granito's IPO, on its final bidding day, has received a 27% subscription, with analysts advising subscription based on strong earnings recovery and debt reduction plans.

Adroit Industries' IPO has been subscribed 5.18 times on the first day, with a 25% premium in the grey market, and analysts suggest considering it for long-term investment due to its integrated operations and strong exports.

Stocks Updates

Power Grid Corporation of India: acquired 100% of Barmer HVDC Power Transmission Limited.

Clean Science and Technology: 100% 10 Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).

Kalpataru Projects International: secured orders worth ₹13,219 crore in the current fiscal year.

SBI Cards and Payment Services: launched Fixed Deposit Backed Secured Advantage SBI Card on SBI YONO.

Waaree Energies: approved the draft Scheme of Amalgamation with Indosolar Limited.

Lenskart Solutions: NESO Brands acquired an additional 2.52% stake in Le Petit Lunetier Paris SAS.

GMR AIRPORTS: GMR Hospitality Limited won a bid to operate F&B outlets at Terminal 3 of IGI Airport, New Delhi.

FII / DII activity

FIIBought ₹1,617.45 Cr

DIIBought ₹2,341.46 Cr

FIIs bought ₹1,617.45 Cr, DIIs bought ₹2,341.46 Cr today.

Market breadth

Nifty 500

Advances341

Declines158

A/D ratio2.16

AdvancesDeclines

Broad participation across Nifty 500

Sector performance

12 NSE sector indices, previous close

Metal+2.40%

FMCG+1.32%

PSU Bank+1.14%

Realty+1.10%

Infra+0.82%

Fin Services+0.58%

Pharma+0.48%

Auto+0.26%

Bank+0.14%

Energy+0.09%

Media-0.50%

IT-1.72%

Leaders: Metal, FMCG · Laggards: IT, Media

Top gainers and losers

Gainers

SAIL₹185.44+6.57%

POLICYBZR₹1,886.30+4.50%

BANDHANBNK₹191.38+3.62%

MOTILALOFS₹1,042.50+3.53%

RADICO₹4,601.90+3.44%

Losers

INOXWIND₹75.02-3.70%

ATHERENERG₹1,499.40-2.88%

PERSISTENT₹5,240.00-2.35%

PAYTM₹1,775.00-2.17%

SWIGGY₹278.50-1.95%

Commodities & forex

🪙 Gold (10g)₹1,51,360.00-0.89%

🥈 Silver (1kg)₹2,36,085.00+0.08%

USD/INR95.69-0.02%

Global cues

S&P 5007,706.03-0.76%

Nasdaq26,936.04-0.69%

S&P 500 futures7,772.50-0.76%

Nasdaq futures30,764.75-0.85%

Wall Street closed lower as rising oil prices and Treasury yields weighed on investor sentiment, according to Reuters.

Yahoo Finance reports that the S&P 500, Dow, and Nasdaq fell as Treasury yields spiked amid calls for more rate hikes.

CNBC highlights that the 10-year Treasury yield surged to a 19-year high, driven by expectations of further rate hikes.

Reuters commentary suggests that the S&P 500 index fund is heavily influenced by tech stocks, resembling a tech fund.

CNBC notes that the market anticipates the next Fed rate hike in October, following comments from Barr and a strong inflation reading.

Technical levels

Nifty support23,205.52 / 23,167.23

Nifty resistance23,282.02 / 23,320.23

Bank Nifty support55,576.83

Bank Nifty resistance55,873.78

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

Corporate actions

Upcoming dividends

Engineers India

Dividend ₹2.50/sh · ex 24 Sep

Earnings calendar

Tata Consultancy Services Limited2026-10-08

HCL Technologies Limited2026-10-12

Tata Technologies Limited2026-10-14

Angel One Limited2026-10-15

Term of the day

Listing gains

Listing gains are the price difference between an IPO issue price and the price at which the stock lists.