Sensex and Nifty 50
Sensex jumps over 600 points, Nifty nears 23,450 as HCL Tech, Eternal lead gains
The BSE Sensex rose 0.76% to 74,858.99 and the Nifty 50 gained 0.29% to 23,414.30 on 21 September 2026, marking a recovery after six consecutive weeks of decline—the longest losing streak in six years. By early afternoon, the Sensex had climbed further to 74,981.88, up 686.92 points or 0.92%, while the Nifty 50 reached 23,464.25, up 117.85 points or 0.50%.
Twelve of the 16 major sectors advanced, with HCL Tech and Eternal leading the gains, though broader small-cap and mid-cap indices fell 0.1% and 0.3% respectively. The NSE’s $2.3 billion IPO was fully subscribed by Friday and closed later on Monday, drawing strong investor interest.
Oil prices dropped to their lowest in 11 days, driven by expectations of diplomatic progress at the UN meeting and a partial recovery in Saudi shipments, which offset concerns from Houthi attacks. The rupee ended marginally stronger, supported by lower oil prices and portfolio inflows, though sustained importer hedging limited its gains.
Regulatory and corporate developments included RBI granting perpetual validity to RNFI Money Pvt. Ltd.’s AD Category-II forex licence, now expanded to cover trade remittances, Nostro accounts, and forex correspondents. Edelweiss Financial Services announced a public issue of secured redeemable non-convertible debentures worth up to ₹3,000 million, with ten series and yields ranging from 8.64% to 10.00% p.a. SBI Mutual Fund launched the NFO for its SBI Nifty200 Value 30 ETF FOF, open from September 17 to 30, 2026, with a minimum application of ₹5,000.
Other highlights: Julius Baer India appointed Jayesh Kothari as Chief Human Resources Officer India, effective 17 September 2026; Kirloskar Ferrous Industries approved the appointment of Ajay Patil as Joint Managing Director, effective 21 September 2026 to 20 September 2029; Federal Bank launched OneTag - FASTag Portability at the Global Fintech Fest 2026; and Aikyam Capital Group served as co-underwriter and market maker for Om Galaxy Limited’s IPO, which concluded on September 15, 2026 with 2.00 times overall subscription.
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