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Trendlyne Marketwatch
17 Sep 2026
Market closes mixed amid profit booking and a 25 bps Fed rate hike
By Trendlyne Analysis

 

Nifty 50 closed at 23,270.60 (53, 0.2%), BSE Sensex closed at 74,314.59 (-21.9, 0.0%) while the broader Nifty 500 closed at 22,654.65 (122.7, 0.5%). Market breadth is in the green. Of the 2,818 stocks traded today, 1,758 were gainers and 1,005 were losers.

Indian indices closed mixed amid profit booking and a 25 bps Fed rate hike. The Indian volatility index, Nifty VIX, fell 6.7% and closed at 12.3 points. Rentomojo's shares debuted on the bourses at a 19.4% premium to the issue price of Rs 404. The Rs 1,255.6 crore IPO received bids for 72.9 times the total shares on offer.

Nifty Midcap 100 and Nifty Smallcap 100 closed higher. BSE Insurance and BSE Capital Markets & Insurance were among the top index gainers today. According to Trendlyne’s Sector dashboard, General Industrials emerged as the best-performing sector of the day, with a rise of 1.8%.

Asian indices closed mixed, while European indices are trading higher, except for Russia’s MOEX & RTSI indices. US index futures traded higher. The US Federal Reserve raised interest rates by 25 basis points to a target range of 3.75%-4.0%, with Fed Chair Kevin Warsh saying policymakers remain dissatisfied with the pace of inflation. Warsh stressed the need to stabilise consumer prices to support US economic growth. Meanwhile, President Donald Trump threatened to impose tariffs on the EU or halt trade with the bloc after European Commission President Ursula von der Leyen invited Canada to become the EU’s first “associate member.”

  • Money Flow Index (MFI) indicates that stocks like Raymond and GMM Pfaudler are in the overbought zone.

  • Puravankara is rising sharply as it secures redevelopment rights for three societies in Goregaon, Mumbai, with a total area of 4.7 acres and an estimated gross development value (GDV) of Rs 2,600 crore.

  • Emami is rising as its board of directors approves a Rs 282 crore buyback of 59.4 lakh shares at a price of Rs 475 per share.

  • Jain Irrigation Systems surges as it secures a Rs 118 crore order from Maharashtra State Electricity Distribution Company (MSEDCL) to supply and install 5,000 off-grid solar water pumps across the state.

  • Tata Sons’ board reportedly reappoints N. Chandrasekaran as chairman for another five-year term. Tata Trusts and Noel Tata are likely to oppose his reappointment at the upcoming annual general meeting (AGM), where Chandrasekaran will need to be reappointed as a director to continue as chairman. The board has also reportedly approved a proposal to take Tata Sons public.

  • Tata Motors is rising as it hikes prices across its commercial vehicles portfolio by 1%, effective October 1.

  • Yatharth Hospital surges to a new all-time high of Rs 1,077.5 after Advent International agrees to invest Rs 3,150 crore for a 24.9% stake. The investment will be made through shares and warrants priced at Rs 985.2 each and will support the hospital chain’s expansion.

  • Suratwwala Business Group soars to its 20% upper circuit as its subsidiary, Suratwwala Natural Energy Resource, secures an order worth Rs 69 crore from Shree Tatyasaheb Kore Warana SSK. The order is for the construction of a 20MW solar power plant in Kohlapur, Maharashtra, on an engineering, procurement & construction (EPC) basis.

  • India’s rice production is set to decline for the first time in a decade as below-normal rainfall threatens yields. Rice Exporters Association President BV Krishna Rao estimates output could fall by around 10 million metric tons, or nearly 6.5%, from last year’s record 154 million tons, marking the steepest drop since the El Niño-induced drought of 2009-10.

  • Shares of Asset Reconstruction Company make a flat debut on the bourses, listing at its issue price of Rs 139. The Rs 733 crore IPO received bids for 20.1 times the total shares on offer.

  • Manipal Payment and Identity Solutions' shares debut on the bourses at a 2.7% discount to the issue price of Rs 339. The Rs 805 crore IPO received bids for 1.4 times the total shares on offer.

  • Turtlemint Fintech Solutions is rising sharply as Motilal Oswal initiates coverage with a 'Buy' call and a target price of Rs 180 per share. This indicates a potential upside of 33.1%. The brokerage believes that improving activation and ticket size will drive revenue growth, while a fast-growing policy pool and compounding renewal book will increase profitability.

  • ASML’s Chief Strategic Sourcing and Procurement Officer says the company is looking beyond customer support at semiconductor fabs and is evaluating India’s supplier ecosystem for potential opportunities. The company is already preparing to support Tata Electronics’ semiconductor fab. Allan says Tata is ASML’s first 300mm customer in India, bringing the company to the country with capabilities spanning customer support, logistics, repair and reuse.

  • Rentomojo's shares debut on the bourses at a 19.4% premium to the issue price of Rs 404. The Rs 1,255.6 crore IPO received bids for 72.9 times the total shares on offer.

  • Karamtara Engineering's shares debut on the bourses at a 26% premium to the issue price of Rs 254. The Rs 875 crore IPO received bids for 62.6 times the total shares on offer.

  • Tempsens Instruments is falling as its Q1FY27 EBITDA margin drops 310 bps YoY to 20% due to higher raw materials, employee benefits and finance costs. However, revenue jumps 32.9% to Rs 120.9 crore, driven by higher demand for temperature sensing & electric heating solutions, and higher exports. It shows up in a screener of stocks with low Piotroski scores.

  • Manipal Payment and Identity Solutions CEO Kukkundoor Girish Kini says exports have grown 10x in two years, with the company targeting 25-30% of revenue from exports by FY30. He expects new products, including metal cards, RFID and tax stamps, to drive growth, while non-payment cards could account for 40-50% of revenue.

  • LCC Projects' shares debut on the bourses at a 29.4% premium to the issue price of Rs 146. The Rs 427.1 crore IPO received bids for 48.5 times the total shares on offer.

  • Venus Pipes & Tubes is rising sharply as its board of directors approves a Rs 372 crore fundraise through a preferential issue of 22.3 lakh shares at a price of Rs 1,670 per share.

  • JPMorgan retains a 'Neutral' call on Dabur India with a lower target price of Rs 425 per share. This indicates a potential upside of 10.5%. The brokerage believes that the company's strategic and portfolio changes have introduced uncertainty around growth priorities and capital allocation. It added that while FMCG companies have historically shown resilience during inflationary cycles, the current environment puts greater emphasis on pricing power, margin protection and consistent execution.

  • The Ministry of External Affairs (MEA) says India is monitoring developments after the US Congress passed the Sanctioning Russia and Iran Act, reiterating that energy security will guide its crude sourcing. The government says the issue has been discussed at high levels with US officials, with India flagging its potential impact on bilateral ties and global energy markets. India’s increased reliance on Russian crude since 2022 has made its oil purchases a key issue in the US sanctions debate.

  • GR Infraprojects falls as it terminates engineering, procurement & construction (EPC) contracts with NTPC to set up battery storage at NTPC's Mouda power station. GR Infra terminates the contract due to a Force Majeure caused by the West Asia war.

  • Kalpataru Projects International is rising as its arm, LMG, gets Swedish Financial Supervisory Authority (SFSA) approval for IPO draft. Kalpataru will sell a 30.2% stake of LMG through its subsidiary, Kalpataru Power Transmission Sweden AB.

  • Imagicaaworld Entertainment's board approves the sale of 287-room Novotel Imagicaa to Juniper Hotels for Rs 248 crore. The company plans to use the proceeds to expand its parks into new markets, add attractions at existing locations and fund its indoor entertainment business.

  • Fortis Healthcare's subsidiary, Fortis Hospotel, signs an agreement with Seth Sunder Lal Jain Charitable Eye Hospital (SSLJCEH) to provide healthcare services at a 400-bed super specialty hospital in New Delhi. The hospital is expected to be operational in three to four years

  • Nifty 50 was trading at 23,255.95 (38.4, 0.2%), BSE Sensex was trading at 74,182.62 (-153.8, -0.2%), while the broader Nifty 500 was trading at 22,593.15 (61.2, 0.3%).

  • Market breadth is overwhelmingly positive. Of the 2,233 stocks traded today, 1,562 were gainers and 591 were losers.

Riding High:

Largecap and midcap gainers today include HDFC Life Insurance Company Ltd. (557, 5.1%), Bharat Heavy Electricals Ltd. (429.20, 4.5%) and Tata Motors Passenger Vehicles Ltd. (314.50, 4.5%).

Downers:

Largecap and midcap losers today include PB Fintech Ltd. (1,765, -3.4%), Meesho Ltd. (206.92, -3.0%) and Patanjali Foods Ltd. (354.45, -2.9%).

Movers and Shakers

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

Top high volume gainers on BSE included Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (584.30, 8.3%), HBL Engineering Ltd. (758, 7.6%) and Syrma SGS Technology Ltd. (1,616.10, 6.9%).

Top high volume losers on BSE were PB Fintech Ltd. (1,765, -3.4%), PNB Housing Finance Ltd. (1,103.50, -2.7%) and Cholamandalam Financial Holdings Ltd. (1,490, -1.5%).

India Cements Ltd. (356.50, 6.5%) was trading at 27.3 times of weekly average. The New India Assurance Company Ltd. (196.76, 6.8%) and Prime Focus Ltd. (334.90, 4.5%) were trading with volumes 7.4 and 5.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks made 52 week highs, while 12 stocks hit their 52 week lows.

Stocks touching their year highs included - Ipca Laboratories Ltd. (1,977.80, 1.4%), Action Construction Equipment Ltd. (1,205, 4.8%) and Aegis Vopak Terminals Ltd. (310.85, 4.7%).

Stocks making new 52 weeks lows included - Bank of Baroda (232.30, -1.1%) and Gujarat Energy Ltd. (239.55, -1.9%).

17 stocks climbed above their 200 day SMA including Siemens Energy India Ltd. (3,111.60, 3.3%) and Tata Motors Ltd. (436.45, 2.9%). 3 stocks slipped below their 200 SMA including Premier Energies Ltd. (880, -2.1%) and ICICI Bank Ltd. (1,347.60, -0.8%).

 
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