• Relative Strength Index (RSI) indicates that stocks like GMM Pfaudler and Rossell Techsys are in the overbought zone.

• Nestle India falls as the Food Safety and Standards Authority of India (FSSAI) initiates legal action against the company for non-compliances involving infant nutrition products, NAN Excella Pro Stage 1 and Lactogen Pro 1.

• Concord Biotech receives a Form 483 with one observation from the US FDA after an inspection at its formulations facility in Ahmedabad.

• NLC India is rising as the Indian Government approves the appointment of Prasanna Kumar Acharya as the Chairman & Managing Director (CMD) for five years, effective September 17. Separately, its subsidiary, NLC India Renewables, forms a 74:26 joint venture (JV), NIRL PTC Renewables, with PTC India to set up green energy projects across India.

• The Indian government reportedly doubles sugar stockholding limits for bulk consumers to 30 days from the prior 15-day cap. Additional stocks beyond the new limit must come exclusively from imported sugar, aligning with earlier duty-free import allowances. The relaxation eases prior restrictions imposed to curb hoarding and stabilize prices during high demand periods like festivals.

  #NewsAlert | Govt Relaxes Sugar Stockholding Limit
  
  The government doubles the sugar stockholding limit for bulk consumers to 30 days, with additional stock to be sourced exclusively from imported sugar.#Sugar #SugarStocks #India #Government #ETNOW pic.twitter.com/HvY4L27OLW

  — ET NOW (@ETNOWlive) September 18, 2026

• Bharat Forge rises as its investment committee approves a qualified institutional placement (QIP) of equity shares at a floor price of Rs 1,947.7 per share.

• GPT Infraprojects surges as it wins a Rs 483.7 crore railway bridge order from Rail Vikas Nigam. The project involves constructing a bridge over the Mahanadi River for the third and fourth railway lines in Odisha. The win takes GPT Infra’s outstanding order book to Rs 4,992 crore, with FY27 order inflows at Rs 818 crore.

• Bombay Burmah Trading Corp is rising sharply as 18.3 lakh shares (or a 2.6% stake) worth Rs 249 crore reportedly change hands in a block deal at an average price of Rs 1,360 per share.

• Steel prices surge in September despite weak seasonal demand, driven by tight inventories, supply constraints, and rising input costs. Brokerage Motilal Oswal expects the sector's recovery to shift from volume growth to pricing- and cost-driven earnings, highlighting JSW Steel and Tata Steel as its top picks.

  Steel prices climb to 4-year high; Motilal Oswal shares top pickshttps://t.co/rVH61MrlDj

  — Zee Business (@ZeeBusiness) September 18, 2026

• Tata Group stocks like Tata Chemicals, Tata Investment Corp and Tata Motors Passenger Vehicles are falling sharply as its largest shareholder, Shapoorji Pallonji (SP) Group, reportedly plans to sell a partial stake of Tata Sons for Rs 25,000 crore. The sale creates concerns about the ownership, capital structure and listing of Tata Sons.

• IndiGo is rising after increasing charges for several add-on services to boost non-ticket revenue. It raises infant travel fees by 50% to Rs 3,000, excess baggage charges by 14% to Rs 800 per kg and priority check-in and boarding fees by 44% to Rs 650. The airline also increases fees for unaccompanied minors and travel certificates.

• Entero Healthcare is rising as Prasid Uno Family Trust sells 7.4 lakh shares worth Rs 125.3 crore through bulk deals at an average price of Rs 1,693.9 per share.

• JP Morgan estimates that UPI merchant discount rate (MDR) could create an industry revenue pool of around Rs 17,000 crore on a FY27 run-rate basis. It expects acquiring banks and payment aggregators (PAs), as well as third-party application providers (TPAPs), to each receive 20–30% of the pool. The brokerage upgrades Paytm to ‘Overweight’ and raises its target price to Rs 2,100, citing the positive impact of UPI MDR.

  #JPMorgan upgrades #Paytm shares and raises #PineLabs’ target after the UPI MDR decision.
  
  The brokerage estimates #UPIMDR could create a ?17,000 crore industry revenue pool on a FY27 run-rate basis, with 20–30% each accruing to acquiring banks/PAs and TPAPs.
  
  ?? @senmeghna…

  — CNBC-TV18 (@CNBCTV18News) September 18, 2026

• Dr Reddy's Laboratories is rising as it enters into an agreement with Japan's Takeda Biopharmaceuticals to distribute and market Takeda's dengue vaccine, Qdenga, in India. The agreement aligns with Dr Reddy's aim to strengthen its vaccine portfolio in India.

• OnEMI Technology Solutions' board of directors approves a Rs 832.2 crore fundraise through a preferential issue of 2.6 crore shares at an issue price of Rs 314.1 per share.

• Veegaland Developers' shares debut on the bourses at a 10% premium to the issue price of Rs 140. The Rs 210 crore IPO received bids for 13.6 times the total shares on offer.

• India and Canada are reportedly aiming to conclude a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026, with the fourth round of negotiations underway in New Delhi this week. The talks were formally relaunched during Canadian Prime Minister Mark Carney’s visit to India in March, with both sides targeting $50 billion in bilateral trade by 2030.

  #MintPremium | India and Canada want to conclude a Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026. The fourth round of negotiations is underway in New Delhi this week.
  Mint explains why the proposed trade agreement matters and what is at stake for both…

  — Mint (@livemint) September 18, 2026

• BEML is rising sharply as it secures an order worth Rs 5,400 crore from National High Speed Rail Corp (NHSRCL) to supply high-speed rolling stock for the Mumbai Ahmedabad High Speed Rail (MAHSR) corridor.

• Hindustan Construction Co's board of directors approves forming a 51:49 joint venture (JV), HC Concessions, with Ceigall India to undertake infrastructure works.

• Central Mine Planning & Design Institute's (CMPDI's) board of directors approves a memorandum of understanding (MoU) with Oil India to jointly undertake clean energy, critical minerals and allied mining projects.

• Shapoorji Pallonji Group Chairman Shapoorji Pallonji Mistry welcomes the RBI’s decision on Tata Sons’ listing, calling it an opportunity for greater transparency and accountability. The statement comes amid discussions over the SP Group’s 18.4% stake in Tata Sons and Noel Tata’s proposal to provide at least Rs 25,000 crore in liquidity to the SP Group by monetizing part of the stake.

  #SPGroup welcomes #RBI decision on #TataSons, says listing a social and moral imperativehttps://t.co/guFvd5wuMO

  — CNBC-TV18 (@CNBCTV18Live) September 18, 2026

• Aavas Financiers rises as it receives approval from the Reserve Bank of India (RBI) to appoint Manu Yeshpal Singh as Managing Director (MD) for five years.

• Oil India Chairperson Ranjith Rath states that it plans a capex of Rs 15,000 crore over three years to explore its deepwater and ultra-deepwater fields. The company aims to drill eight wells through the 48,000 sq km of exploration area in the deepwater areas of the Krishna Godavari and Mahanadi basins.

• Bharat Electronics secures orders worth Rs 648 crore for laser-based IR jammers, communication equipment, cybersecurity solutions, thermal imagers, AI-based software solutions, upgrades, spares and services.

• Petronet LNG's board of directors approves forming a 50:50 joint venture (JV) with Gruner Renewable Energy to set up 10 compressed biogas (CBG) plants with a capacity of 18 metric tonnes (MT) per day at a capex of Rs 1,200 crore.

• Nifty 50 was trading at 23,323.45 (52.9, 0.2%), BSE Sensex was trading at 74,575.24 (260.7, 0.4%) while the broader Nifty 500 was trading at 22,746.80 (92.2, 0.4%).

• Market breadth is highly positive. Of the 2,229 stocks traded today, 1,624 showed gains, and 524 showed losses.

Riding High:

Largecap and midcap gainers today include Adani Total Gas Ltd. (657.60, 12.0%), Supreme Industries Ltd. (3,580.30, 7.1%) and JSW Infrastructure Ltd. (349.65, 7.0%).

Downers:

Largecap and midcap losers today include Tata Consultancy Services Ltd. (2,105, -3.9%), Tata Motors Passenger Vehicles Ltd. (303.80, -3.4%) and Torrent Power Ltd. (1,245.20, -2.4%).

Movers and Shakers

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

Top high volume gainers on BSE included Poonawalla Fincorp Ltd. (485, 12.1%), Adani Total Gas Ltd. (657.60, 12.0%) and Emcure Pharmaceuticals Ltd. (2,083, 9.1%).

Top high volume losers on BSE were Go Digit General Insurance Ltd. (236.70, -7.4%), Gillette India Ltd. (7,052, -3.5%) and Vedant Fashions Ltd. (548.05, -3.4%).

The Bombay Burmah Trading Corporation Ltd. (1,512.50, 8.1%) was trading at 74.6 times of weekly average. Central Bank of India (32.15, 5.8%) and Aadhar Housing Finance Ltd. (460.80, -1.8%) were trading with volumes 11.8 and 10.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks overperformed with 52 week highs, while 19 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Aurobindo Pharma Ltd. (1,734, 2.6%), Ipca Laboratories Ltd. (1,999, 1.5%) and PVR INOX Ltd. (1,328.80, 4.4%).

Stocks making new 52 weeks lows included - Bank of Baroda (234.94, 1.1%) and Bayer Cropscience Ltd. (3,771, -3.1%).

31 stocks climbed above their 200 day SMA including Poonawalla Fincorp Ltd. (485, 12.1%) and Adani Total Gas Ltd. (657.60, 12.0%). 5 stocks slipped below their 200 SMA including Tata Chemicals Ltd. (689.40, -11.5%) and Persistent Systems Ltd. (5,416, -1.0%).