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Trendlyne Marketwatch
15 Sep 2026
Market closes lower amid Fed rate-hike fears and high crude prices
By Trendlyne Analysis

 

Nifty 50 closed at 23,118.60 (-279.5, -1.2%), BSE Sensex closed at 74,003.82 (-777.9, -1.0%), while the broader Nifty 500 closed at 22,477.45 (-389.1, -1.7%). Market breadth is sharply down. Of the 2,842 stocks traded today, 544 showed gains, and 2,248 showed losses.

Indian indices closed lower after giving up early gains, as elevated crude oil prices and renewed fears of a US rate hike weighed on sentiment. The Indian volatility index, Nifty VIX, rose 9.3% and closed at 13.4 points. India’s Consumer Price Index (CPI) inflation rose to a 20-month high of 4.8% in August from 4.5% in July, driven by delayed monsoon rains and supply disruptions linked to the West Asia conflict.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty India Defence and BSE India Defence are among the top index losers today. According to Trendlyne’s sector dashboard, General Industrials emerged as the worst-performing sector of the day, with a fall of 4.5%.

Asian markets closed lower. European markets traded in the red. US index futures traded lower. Investors await the Federal Reserve’s policy decision, due on Wednesday, with analysts expecting a 92% chance of a 25 bps rate hike, according to CME FedWatch. Meanwhile, Brent crude oil prices traded near $108 per barrel after Iran-backed Houthi forces attacked Saudi Arabia’s Khamis Mushait airbase. Supply concerns also remained high as Saudi Arabia’s East-West pipeline stayed offline after earlier drone attacks in the Riyadh and Medina regions.

  • Money Flow Index (MFI) indicates that stocks like Sterlite Technologies, Milky Mist Dairy Food and ASM Technologies are in the overbought zone.

  • Aurobindo Pharma receives US FDA nod to manufacture and market Beclomethasone Dipropionate HFA Inhalation Aerosol. The drug is a generic equivalent of QVAR Inhalation Aerosol of Teva Branded Pharmaceutical Products and is used to treat asthma. It has an estimated market size of $301 million for the year ended July 2026, according to IQVIA.

  • UNO Minda's board approves a Rs 1,415 crore capex to expand capacity across its business segments. The company plans to set up a new 3.3 million units per annum two-wheeler alloy wheels plant in Haryana. It will also set up a 20,557 MT casting facility in Tamil Nadu and add 1.4 million units per annum of capacity at Uno Minda Kyoraku's Bengaluru plant. In addition, the company plans a 4.5 lakh units per annum auto products facility in Maharashtra.

  • Diamond Power Infrastructure soars to its 52-week high of Rs 387.5 as it wins a Rs 179.4 crore order from Adani Electricity Mumbai to supply about 871 km of specialised underground power cables.

  • According to Nomura Global Markets Research, average pan-India cement prices in the trade segment could rise Rs 10 per bag MoM to Rs 330 in September. However, the price hikes may not hold, as monsoon-related construction slowdowns and festival-driven labour shortages in some regions could weigh on September volumes.

  • Piramal Pharma is falling as it receives a Form 483 with seven observations from the US FDA after a good manufacturing practices (GMP) inspection at its UK facility.

  • PNC Infratech plunges as it faces a three-year ban from bidding for new projects from the Ministry of Road Transport & Highways, NHAI and their executing agencies.

  • KEC International wins Rs 1,303 crore of new orders across its transmission & distribution and cables businesses, including projects in India, Saudi Arabia and the Americas. The wins lift its year-to-date order intake above Rs 7,600 crore.

  • India’s CPI inflation climbs to a 20-month high of 4.8% in August from 4.5% in July, driven by delayed monsoon showers and supply disruptions from the West Asia war. At the same time, WPI inflation surges to 9.9%, marking its second-highest print in 29 months, as a fresh hardening in energy costs and a series-high reading for manufactured products outweigh a moderation in primary articles.

  • Solar Industries India touches its all-time high of Rs 22,700 per share as its subsidiary, Solar SA Investments Proprietary, enters an agreement to acquire South Africa's Omnia Holdings for $1.4 bn (~Rs 12,951 crore) to expand its global explosives and mining solutions footprint.

  • Samvardhana Motherson International and its European & UK joint ventures (JVs) reportedly sign a memorandum of understanding (MoU) with the Tamil Nadu Government for a Rs 11,000 crore investment over five years. The company will develop design, engineering, manufacturing, assembly and logistics (DEMAL) facilities across the state, which will generate 7,000 jobs.

  • Raymond is surging as its aerospace arm wins multi-programme orders from a leading Indian aerospace and defence company. The orders cover more than 300 parts across machining, castings and structural components, with annual volumes expected to exceed 37,000 units and generate about Rs 33 crore of business at expected production rates.

  • SIAM Director General Rajesh Menon highlights that passenger vehicles, three-wheelers and two-wheelers recorded their highest-ever sales for August in 2026. Domestic passenger vehicle sales surged 36.5% YoY to 4.4 lakh units in August, compared with 3.2 lakh units in the same month last year. Menon expects festive-season demand to provide an additional boost, supporting healthy industry volumes in the second quarter.

  • Afcom Holdings enters an agreement with Hindustan Petroleum Corp (HPCL) to procure aviation turbine fuel to support Afcom’s operational requirements across HPCL’s pan-India aviation fuelling network.

  • Tata Group stocks like Tata Chemicals, Tata Investment Corp and Tata Consultancy Services are soaring as the Reserve Bank of India (RBI) reportedly rejects Tata Sons' application to deregister as a non-bank lender, reviving prospects of a stock market listing for the holding firm.

  • Sunil Singhania's Abakkus Investment Managers buys 27 lakh shares of BlackBuck worth Rs 155.5 crore through a block deal at an average price of Rs 576.1 per share. Accel India IV (Mauritius) sells the shares.

  • HDFC Bank rises after submitting two candidates for the CEO position, easing concerns over leadership succession that had weighed on investor sentiment. The bank also proposes reappointing V Srinivasa Rangan as a whole-time director for one year and appointing Jimmy Tata to the same role for three years.

  • Pranav Constructions' shares debut on the bourses at a 33.1% premium to the issue price of Rs 124. The Rs 351 crore IPO received bids for 121 times the total shares on offer.

  • HDFC Life Insurance Co falls after receiving a Rs 3,365.2 crore GST demand from the GST and Central Excise Authorities for FY18-22.

  • Greenply Industries' board of directors approves selling a 31% stake in joint venture (JV), Greenply Samet, to Samet BV for $30-40 million (~Rs 288-383 crore) to focus on plywood and medium density fiberboard (MDF) expansion. Samet will acquire the stake over the next two-three years, with its holding rising to 81% from 50%.

  • Goldman Sachs, Franklin Templeton, Norges Bank, Abu Dhabi Investment Authority (ADIA), GIC, Eastspring Investments and Fidelity are reportedly among the global investors planning to participate in the National Stock Exchange (NSE) IPO.

  • Jamna Auto Industries is falling sharply as its promoter, Pradeep Singh Jauhar, sells a 2.5% stake (99.9 lakh shares) worth Rs 127.9 crore through a block deal at an average price of Rs 128 per share. DSP Mutual Fund, 360 One Asset Management and Abu Dhabi Investment Authority pick up the shares.

  • Dr Reddy's Laboratories falls as the US FDA issues a Form 2953 with two observations after a review at its active pharmaceutical ingredient (API) facility in Mexico.

  • Indiabulls surges as it signs an agreement to acquire a 70% stake in Fintech Cloud for Rs 1,050 crore, marking its entry into technology services for NBFCs.

  • HFCL's board of directors approves a Rs 820 crore capex to expand optical fibre, optical fibre cable and preform capacity. The company plans to set up a new 300 metric tonnes (MT) preform plant and expand optical fibre & optical fibre cable capacities by 4.6 million fibre km per annum & 5.6 million fibre km per annum.

  • Nifty 50 was trading at 23,501.05 (103.0, 0.4%), BSE Sensex was trading at 75,369.63 (587.9, 0.8%), while the broader Nifty 500 was trading at 22,908.50 (42, 0.2%).

  • Market breadth is holding steady. Of the 2,409 stocks traded today, 1,133 were on the uptrend, and 1,163 went down.

Riding High:

Largecap and midcap gainers today include HCL Technologies Ltd. (1,253.70, 4.0%), Infosys Ltd. (1,077, 3.8%) and Mphasis Ltd. (2,378, 3.6%).

Downers:

Largecap and midcap losers today include Solar Industries India Ltd. (19,250, -13.6%), GE Vernova T&D India Ltd. (4,246.90, -6.6%) and CG Power and Industrial Solutions Ltd. (858, -5.6%).

Volume Rockets

21 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Tata Chemicals Ltd. (734.90, 20.0%), Firstsource Solutions Ltd. (285, 15.1%) and Tata Investment Corporation Ltd. (715, 9.9%).

Top high volume losers on BSE were Solar Industries India Ltd. (19,250, -13.6%), Himadri Speciality Chemical Ltd. (635.90, -4.4%) and Delhivery Ltd. (420.50, -4.2%).

Brainbees Solutions Ltd. (168.40, -0.3%) was trading at 79.8 times of weekly average. Zensar Technologies Ltd. (443, 4.2%) and JSW Holdings Ltd. (11,025, -3.7%) were trading with volumes 57.8 and 26.2 times weekly average, respectively, on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks took off, crossing 52-week highs, while 29 stocks hit their 52-week lows.

Stocks touching their year highs included - Granules India Ltd. (873.20, -4.0%), Solar Industries India Ltd. (19,250, -13.6%) and Maharashtra Seamless Ltd. (702.50, -3.6%).

Stocks making new 52-week lows included - ACC Ltd. (1,227, -1.6%) and Ambuja Cements Ltd. (381.75, -2.6%).

10 stocks climbed above their 200-day SMA, including Tata Chemicals Ltd. (734.90, 20.0%) and Firstsource Solutions Ltd. (285, 15.1%). 40 stocks slipped below their 200 SMA, including Siemens Energy India Ltd. (3,011, -5.4%) and Godrej Properties Ltd. (1,659.30, -5.1%).

 
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