Sensex today | Stock Market Live: Sensex, Nifty trade cautiously higher amid FPI outflows and elevated bond yields

KUALA LUMPUR, 23 SEPTEMBER 2026 —

Indian equities edged higher on Wednesday, with the BSE Sensex up 154.89 points to 74,683.97 and the NSE Nifty gaining 46.20 points to 23,375.20, as foreign portfolio investors continued to sell but global bond yields and oil prices eased.

At 9:39 a.m. IST, the Sensex was up 0.21 per cent and the Nifty 0.20 per cent. The derivatives market reflected a cautious tone, with the put‑call ratio at 0.99. Call open interest clustered around the 23,400‑23,500 band, suggesting potential overhead supply, while further call interest extended toward 23,700‑24,000. Put positioning around 23,300 and 23,100 offered downside cushioning. The India VIX fell 2.12 per cent to 10.99, indicating subdued volatility.

The Nifty snapped a four‑session rally to close around 23,350, forming a bearish candle on the daily chart. Market participants expect the index to stay within a broad range of 23,115‑23,650. A sustained move above 23,500 could revive a recovery toward 23,670, whereas a decisive break below 23,270 could push the index toward 23,060.

In the equity‑specific breakdown, the Nifty 50 advance‑decline ratio stood at 30:20, signalling a modest positive bias. Nifty 50 futures opened at 23,381 and were trading at 23,400. Key resistance was identified at 23,480, with a breach potentially opening the way to 23,600. Technical commentary described the recovery as lacking strength and a resumption of the decline as likely.

One trading strategy suggested shorting September Nifty futures at 23,400, targeting 23,200 with a stop‑loss at 23,500.

Corporate news added a mixed flavour. Skipper Ltd announced fresh orders worth ₹797 crore for domestic and overseas power transmission and distribution projects, including export contracts for transmission towers and monopoles destined for Australia and a domestic 765 kV transmission line from a reputed developer. Skipper, a manufacturer of power‑transmission structures and an EPC player in 765 kV lines and substations, said the orders would bolster its order book.

Hero Motors saw its shares rise 6.5 per cent after its initial public offering, valuing the company at over $400 million despite a weak debut. The IPO price of ₹84 per share was marginally above the pre‑open price of ₹82, giving the company a market capitalisation of ₹3,725 crore ($389.49 million).

Garware Hi‑Tech Films Ltd (GHFL) signed a memorandum of understanding with specialty chemicals firm Lubrizol to develop and manufacture thermoplastic polyurethane (TPU) technology in India. The partnership will combine Lubrizol’s TPU expertise with GHFL’s engineering and processing capabilities to create TPU‑based products for automotive, architectural, industrial and electronics applications, and to enable backward integration into TPU films for GHFL’s premium paint‑protection film business.

GHFL said nearly 25 per cent of its roughly ₹118‑crore investment in the platform would be allocated to new product development and technology capabilities.

Manba Finance Ltd’s board approved a preferential issue of securities worth ₹99.99 crore, subject to shareholder and regulatory approvals. The issue comprises equity shares worth ₹67.50 crore to non‑promoter investors and convertible warrants worth ₹32.49 crore to the promoter group, the latter being committed by the promoters themselves. The capital raise is intended to strengthen the company’s capital base and support expansion of its retail lending business.

Fitch Ratings upgraded India’s FY27 GDP growth forecast to 6.9 per cent, citing strong economic resilience despite anticipated challenges. The upgrade shows the macro‑environment that underpins the modest equity gains observed on Wednesday.

In the aviation sector, an unnamed airline signed a long‑term aviation fuel supply agreement with Hindustan Petroleum Corporation (HPCL). The deal, structured on IATA model terms, will ensure reliable supply of Jet A‑1 fuel across HPCL’s nationwide network, supporting the airline’s fleet expansion and network development plans and improving fuel availability, operational planning and coordination.

Glenmark Pharmaceuticals Ltd received an Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration for its formulations manufacturing facility in Goa. The facility retained its VAI status, indicating no immediate regulatory action was required.

Among the 30 Sensex constituents, Bajaj Finance, Bajaj Finserv, Tata Steel, UltraTech Cement, Larsen & Toubro and Asian Paints were the top performers, while Tata Consultancy Services, Infosys, HDFC Bank and Mahindra & Mahindra lagged. The Sensex climbed 283.66 points to 74,812.74 in early trade, and the Nifty rose 85.55 points to 23,414.55.

The rupee appreciated 5 paise to ₹95.57 per U.S. dollar, buoyed by falling crude‑oil prices and a broader recovery in Asian currencies. Crude oil prices eased, providing additional support to equity markets.

The All‑India Bank Officers’ Association (AIBOA) launched a fresh campaign against the proposed strategic sale of IDBI Bank, urging opposition leaders in the Lok Sabha and Rajya Sabha to intervene over the contemplated sale of equity to foreign investors. The association cited previous government commitments and parliamentary assurances in its appeal.

Manba Finance also announced the launch of a new range of crop‑protection chemicals under the SARDAR brand for the domestic market, including products named SARDAR Adhar, Raftar, Jaandar, Toofani Fipro, G‑Gold, Sathi and Senapati. In parallel, the company commenced construction of a 10 GWh lithium‑battery pack facility in Aligarh, Uttar Pradesh, projected to create 1,500‑2,000 jobs and support local MSMEs and suppliers.

The plant will cater to electric‑mobility, energy‑storage and industrial applications, strengthening Manba’s lithium‑ion battery manufacturing capabilities.

Cyient’s U.S. subsidiary, formerly Altek Electronics, Inc., was renamed Cyient DLM Electronics Inc., reflecting a step‑down restructuring within the group.

In the cryptocurrency market, total market capitalisation edged 0.5 per cent higher to $3.03 trillion, with Bitcoin and Ethereum leading the move. Bitcoin maintained a 57.4 per cent share of the market, while Ethereum accounted for 11.1 per cent. Institutional accumulation continued, with a strategy adding 950 BTC worth about $75.7 million, bringing total holdings to 846,000 BTC at an average purchase price of $75,416 per coin, according to a September 21 filing.

Spot Bitcoin ETFs recorded net inflows of $364.4 million, equivalent to roughly 4,210 BTC, with cumulative net inflows reaching $56.98 billion and total net assets standing at $107.86 billion. Bitcoin open interest rose 0.85 per cent over the past 24 hours.