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In the cash market, the Nifty 50 index advanced 75.80 points or 0.33% to 23,346.40.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.36% to 11.39.
HDFC Bank, Tata Consultancy Services (TCS) and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The September 2026 F&O contracts will expire on 29 September 2026.
The Fed’s indication of another rate hike in 2026 is likely to keep investors cautious, particularly in rate-sensitive and foreign-portfolio-investment-driven segments. However, buying interest in select domestic sectors provided some support, with the Nifty holding above the 23,200 mark. Market participants are likely to track currency movements, US bond yields and foreign fund flows for further direction.
Auto, PSU Bank and metal shares advanced while IT and private bank stocks declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 30.07 points or 0.03% to 74,292.43. The Nifty 50 index rose 15.50 points or 0.07% to 23,239.80.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.28% and the BSE 250 SmallCap Index advanced 0.47%.
The market breadth was strong. On the BSE, 2,120 shares rose and 790 shares fell. A total of 196 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,032.61 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,908.23 crore in the Indian equity market on 16 September 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.41% to 7.084 compared with the previous session close of 7.055.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 96.0650 compared with its close of 95.9100 during the previous trading session.
MCX Gold futures for 5 October 2026 settlement fell 0.80% to Rs 1,51,231.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.08% to 100.33.
The United States 10-year bond yield fell 0.04% to 5.002.
In the commodities market, Brent crude for the November 2026 settlement fell 29 cents or 0.27% to $105.54 a barrel.
Stocks in Spotlight:
Infosys shed 0.40%. The IT major announced the expansion of its Indore Development Center (DC) to strengthen its presence in Central India, with enhanced capabilities in AI, cloud, cybersecurity and next-generation digital services.
Alembic Pharmaceuticals rose 0.74%. The company announced that the US Food and Drug Administration (USFDA) has issued an Establishment Inspection Report (EIR) and closed the inspection of its bioequivalence facility in Vadodara, Gujarat. The USFDA conducted the inspection from 3 March to 7 March 2025.
G R Infraprojects fell 0.96%. The company announced that it has issued a notice of termination to NTPC for the project EPC package for battery energy storage system (BESS) implementation at NTPC's Mouda Super Thermal Power Station.
Global Markets:
The US Dow Jones futures were up around 343 points on Thursday, pointing to a stronger opening for US equities after Wall Street ended sharply lower in the previous session following the Federal Reserve's policy decision. The Fed raised interest rates for the first time in three years and signalled that another rate hike could come before the end of 2026.
Asian equities traded mixed on Thursday as investors assessed the Fed's rate hike and easing crude oil prices.
Oil prices eased on signs that Saudi Arabia was working to restore crude flows following damage to its East-West pipeline. Reports that Saudi Arabia was arranging additional crude shipments via Oman helped reduce immediate concerns about supply disruptions.
The Saudi East-West pipeline, which provides an alternative route for moving crude away from the Persian Gulf, was damaged in a drone attack launched from Iraq, according to reports. Saudi Arabia had shut the pipeline following the attack, raising concerns about further pressure on an already-tight global oil market. The US administration subsequently indicated that operations would resume, easing some of the supply-risk premium in crude prices.
The gains in parts of Asia came after a heavy sell-off on Wall Street on Wednesday. The Dow Jones Industrial Average fell 631.21 points, or 1.21%, to 51,461.90, while the S&P 500 declined 0.45%. The Nasdaq Composite was broadly flat.
The Federal Reserve raised its benchmark federal funds target range by 25 basis points to 3.75%-4%, marking its first rate increase since July 2023. The decision reflected the Fed's concern that inflation remains elevated despite resilient economic activity and labour-market conditions. Fed Chair Kevin Warsh said inflation was still too high and that monetary policy would remain focused on preventing higher energy prices from generating broader inflationary effects.
The Fed's updated projections point to another rate increase in 2026. Sixteen of the 19 officials indicated support for at least one further hike this year, while the median projection put the policy rate at 4.1% at the end of 2026. The median forecast also showed the rate remaining at 4.1% in 2027.
The central bank raised its inflation outlook, with the median forecast for headline PCE inflation at 3.7% for 2026, well above its 2% target. Core PCE inflation was projected at 3.4%. At the same time, the Fed raised its 2026 GDP growth forecast to 2.3%, while the median unemployment-rate projection was 4.1%.
Infosys Ltd gained for a third straight session today. The stock is quoting at Rs 1079.3, up 4.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 23327.15. The Sensex is at 74671.32, down 0.15%. Infosys Ltd has slipped around 5.32% in last one month.
Meanwhile, Nifty IT index of which Infosys Ltd is a constituent, has slipped around 3.02% in last one month and is currently quoting at 28921.5, up 3.3% on the day. The volume in the stock stood at 107.18 lakh shares today, compared to the daily average of 81.24 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1080.8, up 3.67% on the day. Infosys Ltd is down 28.58% in last one year as compared to a 7.58% drop in NIFTY and a 17.5% drop in the Nifty IT index.
The PE of the stock is 13.53 based on TTM earnings ending June 26.
Coforge Ltd lost 7.91% today to trade at Rs 1795. The BSE Information Technology index is down 2.83% to quote at 27909.17. The index is down 8.1 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 3.74% and HCL Technologies Ltd lost 3.73% on the day. The BSE Information Technology index went down 19.59 % over last one year compared to the 7.26% fall in benchmark SENSEX.
Coforge Ltd has lost 0.28% over last one month compared to 8.1% fall in BSE Information Technology index and 4.23% drop in the SENSEX. On the BSE, 23338 shares were traded in the counter so far compared with average daily volumes of 1.56 lakh shares in the past one month. The stock hit a record high of Rs 2021.95 on 31 Aug 2026. The stock hit a 52-week low of Rs 1008.5 on 17 Mar 2026.
NINtec Systems Ltd lost 4.05% today to trade at Rs 685. The BSE Information Technology index is down 1.38% to quote at 28994.61. The index is down 4.32 % over last one month. Among the other constituents of the index, VL E-Governance & IT Solutions Ltd decreased 3.74% and Infosys Ltd lost 2.27% on the day. The BSE Information Technology index went down 14.84 % over last one year compared to the 5.28% fall in benchmark SENSEX.
NINtec Systems Ltd has lost 6.24% over last one month compared to 4.32% fall in BSE Information Technology index and 2.62% drop in the SENSEX. On the BSE, 80 shares were traded in the counter so far compared with average daily volumes of 753 shares in the past one month. The stock hit a record high of Rs 937 on 20 Jul 2026. The stock hit a 52-week low of Rs 282.2 on 23 Mar 2026.
Bharat Forge Ltd, Infosys Ltd, Interglobe Aviation Ltd, IFCI Ltd are among the other stocks to see a surge in volumes on BSE today, 02 September 2026.
Havells India Ltd recorded volume of 7.35 lakh shares by 10:46 IST on BSE, a 7.74 times surge over two-week average daily volume of 94952 shares. The stock lost 2.43% to Rs.1,203.00. Volumes stood at 3.41 lakh shares in the last session.
Bharat Forge Ltd registered volume of 4.73 lakh shares by 10:46 IST on BSE, a 6.11 fold spurt over two-week average daily volume of 77435 shares. The stock slipped 1.79% to Rs.2,018.20. Volumes stood at 2.89 lakh shares in the last session.
Infosys Ltd recorded volume of 13.83 lakh shares by 10:46 IST on BSE, a 4.49 times surge over two-week average daily volume of 3.08 lakh shares. The stock lost 1.21% to Rs.1,140.00. Volumes stood at 2.28 lakh shares in the last session.
Interglobe Aviation Ltd notched up volume of 2.59 lakh shares by 10:46 IST on BSE, a 4.33 fold spurt over two-week average daily volume of 59815 shares. The stock slipped 2.56% to Rs.4,926.30. Volumes stood at 19076 shares in the last session.
IFCI Ltd clocked volume of 108.38 lakh shares by 10:46 IST on BSE, a 3.85 times surge over two-week average daily volume of 28.16 lakh shares. The stock gained 7.98% to Rs.94.27. Volumes stood at 24.26 lakh shares in the last session.
In the cash market, the Nifty 50 index rose 84.80 points or 0.35% to 24,175.65.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.70% to 10.66.
Infosys, HDFC Bank and TVS Motor were the top-traded individual stock futures contracts in the F&O segment of the NSE.
IT shares declined after advancing in the two consecutive trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 38.63 points or 0.05% to 77,694.72. The Nifty 50 index fell 56.10 points or 0.23% to 24,278.65.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.29% and the BSE 250 SmallCap Index added 0.69%.
The market breadth was positive. On the BSE, 2,392 shares rose and 1,650 shares fell. A total of 252 shares were unchanged.
In the commodities market, Brent crude for October 2026 settlement declined $1.87 or 2.11% to $86.71 a barrel.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.01% to 11.18. The Nifty 29 September 2026 futures were trading at 24,455.10, at a premium of 176.45 points as compared with the spot at 24,278.65.
The Nifty option chain for the 29 Spetmber 2026 expiry showed a maximum call OI of 53.5 lakh contracts at the 25,000 strike price. A maximum put OI of 55 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty IT index declined 1.23% to 30,394. The index rose 0.78% in the past two consecutive trading sessions.
Infosys (down 1.88%), Tech Mahindra (down 1.84%), Mphasis (down 1.82%), HCL Technologies (down 1.12%), Wipro (down 1.02%), Tata Consultancy Services (down 0.96%), LTM (down 0.7%), Coforge (down 0.34%), Persistent Systems (down 0.18%) declined.
Fedbank Financial Services rose 0.82%. The company said that its board has approved an increase in aggregate borrowing limits of the company to Rs 23,000 crore from Rs 18,000 crore earlier.
Subex declined 1.29%. The company said that it has entered into a three-year engagement with a leading African mobile operator for the deployment of its HyperSense Fraud Management solutions. The operator selected Subex for its deep telecom domain expertise, proven experience across African markets and AI-powered fraud management capabilities.
Advait Energy Transitions rallied 3.09%after the company announced that it has received a turnkey contract worth Rs 134.62 crore from Madhya Pradesh Power Transmission Company (MPPTCL). The order, received on 25 August 2026, involves the design, manufacturing and supply of Emergency Restoration Systems (ERS) suitable for 400kV, 220kV and 132kV voltage class extra-high voltage (EHV) lines, along with all accessories.