18/09/26, Speaking on the sidelines of Moneycontrol's Mutual Fund Summit - Delhi edition 2026

Indian economy can withstand crude oil prices of $120 a barrel, but the stock market may still react negatively, said Anish Tawakley, CIO, DSP Mutual Fund, drawing a distinction between the economy's ability to absorb higher oil prices and the impact on equities.

Speaking on the sidelines of Moneycontrol's Mutual Fund Summit - Delhi edition 2026, during the session ‘Inevitable India, Uncertain World', Tawakley, Deepak Shenoy, CEO, Capitalmind Mutual Fund, and Sachee Trivedi, Founder & CIO, Trident Capital Investments, discussed the impact of higher crude prices on India, the ability of the economy to absorb the shock and what it could mean for equity markets

India's forex reserves enough to cushion higher oil impact

Tawakley said India's ability to deal with higher crude prices is very different from what it was in the 1990s because the country now has significant foreign exchange reserves. “India needs five million barrels of oil a day and can use the forex reserves to keep buying,” he said.

He contrasted this with countries that do not have adequate reserves to pay for their oil imports. “Countries which don't have reserves are the ones which will suffer because they will have to ration fuel. In the 1990s, we had to cut our oil consumption because we didn't have the reserves. If you maintain the oil consumption that we have today, your output doesn't have to fall dramatically,” he said.

Tawakley also pointed out on how India's current economic position gives it more room to absorb the impact of higher crude prices. “The economy is in good shape, the economy can withstand $120 of oil. Demand is growing and there is still spare capacity, normally you get a good run of earnings. I am not pessimistic on earnings over the next two years. Returns should be reasonable,” he added.

Economy can handle oil, but markets may still take a hit

Shenoy of Capitalmind Mutual Fund agreed that India's economy has the ability to absorb higher crude prices, but said investors should not assume that equities will remain insulated. “The economy can handle oil, but the markets may still have a negative impact,” he said.

Shenoy said the short-term direction of crude is particularly difficult to predict because geopolitical developments can cause sharp moves. “Oil short term cannot be predicted. It could go to $140, it could go to $160,” he said. At the same time, he said there are forces that could eventually bring additional supply into the market. "Oil has structural downside in pricing but cyclical upside due to geopolitics."

He pointed to the possibility of sanctioned oil returning to the market because of political incentives and the supply response that can emerge when crude prices remain high. “If oil prices go higher, US shale gets more profitable at higher prices,” he said.

His longer-term view on crude was more benign despite the possibility of a sharp near-term spike. “I think oil can return to $80 in six months,” he said.

Magnitude of oil price increase is important

Trivedi said the impact of higher crude cannot be judged simply by looking at the absolute price. The starting point and the magnitude of the increase are equally important. “If oil goes from $65 to $100, that's a 50 percent increase and that's very hard to absorb,” she said. But she said the situation is different when crude is already at elevated levels. “If oil goes from $108 to $120, that's 10-12 percent. That's something which is anticipated and something that people are mentally prepared for,” Trivedi said.

She also brought Europe into the discussion, saying the region could face significant pressure from elevated energy costs. “Europe is also feeling the pain and they may compensate households. Winter may be difficult,” she said.

Trivedi said the impact of oil should also be viewed through the direction of earnings revisions. “The second derivative is improving,” she said, referring to the trend in earnings. “The upgrades and downgrades ratio has changed,” she added. This could mean that some of the negative news has already been reflected in market expectations. That's the reason she believes that a sharp downside risk is capped and the upside has turned flat for markets.

Source: Network18 

18/09/26, INDEX LEVELS

 

17/09/26, Sunil Sankar's Report on Trading Strategy

The Nifty 50 is most likely to see consolidation with a negative bias, especially after the US Federal Reserve expectedly raised interest rates by 25 bps and signalled one more hike this year. The index may attempt to defend the previous day's low of 23,100 amid bearish technical indicators, oil prices holding around the $100-a-barrel mark and US bond yields hovering around the 5 percent level. If the index decisively breaks the 23,100–23,070 zone, a fall below 23,000 cannot be ruled out. However, if it holds above this zone, the 23,400–23,500 levels could be the next targets. Meanwhile, the Bank Nifty needs to defend the 55,800–55,700 zone for a possible upmove towards the 56,700–57,000 zone. A break below this support, however, could trigger panic selling, experts said.

On September 16, the Nifty 50 bounced back 99 points, or 0.43 percent, to 23,218, while the Bank Nifty rallied 498 points, or 0.89 percent, to 56,292. However, market breadth remained in favour of the bears, with about 1,756 shares declining against 1,476 advancing shares on the National Stock Exchange.

Nifty Outlook and Strategy

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Tuesday, the benchmark index Nifty failed to surpass its 10-day EMA, triggering a sharp correction thereafter. However, ahead of the crucial Fed interest rate decision, the index traded in a narrow 168-point range on Wednesday and formed an indecisive candle on the daily chart.

The broader trend remains bearish, as the index continues to trade below both its short- and long-term moving averages, which are themselves sloping downward. Momentum indicators also suggest weakness, with the daily RSI remaining in the bearish zone and trading below its 9-day average. Additionally, the daily MACD maintains a negative bias, trading below both the zero line and its signal line. Notably, the MACD histogram has remained in negative territory for the past 23 trading sessions, indicating persistent downside momentum.

Going forward, the 23,050–23,000 zone is expected to act as a key support area, coinciding with the previous swing low. A decisive breach below the 23,000 mark could accelerate selling pressure and drag the index towards 22,700. On the upside, the 23,350–23,400 zone is likely to remain a strong hurdle, and the index would need to sustain above this zone to signal any meaningful recovery.

Key Resistance: 23,350, 23,400

Key Support: 23,050, 23,000, 22,700

Strategy: Buy Nifty Futures above 23,375, with a stop-loss of 23,190 and a target of 23,650.

Vaishali Patel, Senior Manager - Research- Technical Department at Jainam

Nifty witnessed a recovery in Wednesday's session and reclaimed the 23,200 mark after the sharp decline witnessed in the previous session. However, the broader technical structure remains weak, as the index continues to trade below key moving averages and the earlier support breakdown remains intact. The immediate resistance is placed around 23,300–23,400, followed by the crucial 23,600 zone. A sustained move above 23,400 could trigger a short-term pullback towards 23,600, while failure to hold 23,200 may bring selling pressure back.

On the downside, 23,000 is the immediate support, followed by the next major support near 22,700.

Daily oversold momentum indicators and hourly divergences may support intermittent rebounds, along with the broader indices trading near important support levels. However, the recovery is likely to remain vulnerable unless the index decisively reclaims 23,600.

Overall, the near-term outlook remains cautious to negative, with traders likely to maintain a sell-on-rise approach until a clear trend reversal emerges.

Key Resistance: 23,500, 23,600

Key Support: 23,050, 22,700

Strategy: Sell Nifty Futures around 23,400–23,450, with a stop-loss of 23,650 and a target of 23,100.

Bank Nifty - Outlook and Positioning

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

For the last three trading sessions, the banking benchmark index, Bank Nifty, has been consolidating around the 50 percent Fibonacci retracement level of its previous upward move from 52,783 to 58,706. However, the overall undertone remains weak, as the index continues to trade below its short- and long-term moving averages. Moreover, the 20-day and 50-day EMAs are trending lower, indicating a bearish bias. Momentum indicators also reflect caution, with the daily RSI hovering near the 40 mark, suggesting subdued buying strength.

Going forward, the 55,700–55,600 zone is likely to serve as an important support area for the index. A sustained breach below 55,600 could intensify selling pressure and open the door for further downside towards 55,000, followed by 54,500 in the near term. On the upside, the 56,700–56,800 zone is expected to act as a significant resistance band, and the index would need to surpass this hurdle to improve the short-term technical outlook.

Key Resistance: 56,700, 56,800

Key Support: 55,700, 55,600, 55,000

Strategy: Buy Bank Nifty Futures above 56,600, with a stop-loss of 56,150 and a target of 57,300.

Vaishali Patel, Senior Manager - Research- Technical Department at Jainam

Bank Nifty remains under pressure after forming a sequence of lower highs and lower lows since the beginning of September, indicating a weak short-term trend. The immediate support is placed around 55,550–55,700, followed by 55,000. On the upside, 57,000–57,350, where the 50-day DMA and 200-day DMA are placed, is likely to act as an immediate resistance zone, while 57,000 remains a crucial hurdle. A decisive break below 55,550 could extend the decline towards 55,000 and lower levels.

Overall, the outlook remains negative to cautious, with a sell-on-rise approach likely to dominate unless Bank Nifty decisively reclaims the 56,500–57,000 zone.

Key Resistance: 56,650, 57,000

Key Support: 55,700, 55,500

Strategy: Sell Bank Nifty Futures around 56,800–57,100, with a stop-loss of 57,500 and a target of 55,700.

Source: Network18 

Disclaimer: The views and investment tips expressed by experts here are their own and not those of us. We advise readers and traders to check with certified experts before taking any investment decisions.

17/09/26, INDEX LEVELS

17/09/26, US Federal Reserve

The US Federal Reserve raised interest rates by 25 basis points on Wednesday, delivering its first hike since July 2023 as stubborn inflation, higher energy prices and a resilient economy prompted policymakers to resume monetary tightening after more than three years.

The Federal Open Market Committee unanimously raised the federal funds rate target range to 3.75-4 percent, reversing part of the easing delivered since the Fed ended its previous rate-hike cycle. More importantly, policymakers signalled that Wednesday's move may not be a one-off, with most officials expecting rates to rise further this year.

So, what prompted the Fed to start raising interest rates again after more than three years?

Inflation remains the US Fed's biggest concern

Persistent inflation has become the central concern for policymakers. Overall US inflation stood at 3.7 percent year-on-year in July, while core inflation was 3.3 percent, both remaining above the Fed's 2 percent objective. More recently, the Consumer Price Index for August rose 0.4 percent from the previous month, taking the annual inflation rate to 3.4 percent.

Higher energy prices have complicated the inflation outlook. The conflict in the Middle East has disrupted global energy markets and pushed crude oil above $100 a barrel, increasing concerns that price pressures could become more persistent and spread beyond energy.

The Fed also made a notable change to its assessment of inflation. Its latest statement dropped an earlier reference attributing elevated inflation to "supply shocks", particularly in the energy sector. The change comes as policymakers have grown more concerned that inflationary pressures are becoming broader.

At the same time, the US economy has remained resilient enough to give the Fed room to tighten monetary policy. Policymakers project economic growth of 2.3 percent in 2026 and 2.4 percent in 2027, while the unemployment rate is seen at 4.1 percent.

Together, persistent inflation and continued economic resilience have shifted the balance towards higher interest rates, despite the Fed having spent the previous phase of its policy cycle lowering borrowing costs.

First Fed rate hike of Kevin Warsh era

Wednesday's decision assumes added significance because it is the first interest-rate change since Kevin Warsh became Fed chair in late May.

President Donald Trump selected Warsh to lead the Federal Reserve after repeatedly calling for lower interest rates and had said during the selection process that he expected his appointee to favour lower borrowing costs.

The Fed's latest decision instead moves monetary policy in the opposite direction, with the central bank raising rates and its projections leaving the door open to further tightening.

Warsh had already hardened his rhetoric on inflation before the September meeting. At the Jackson Hole symposium last month, he said policymakers needed confidence that underlying inflation was moving towards the Fed's objective "clearly and at sufficient speed".

Wednesday's unanimous decision also comes after three policymakers had favoured raising rates at the Fed's July meeting.

The latest move effectively reverses part of the easing delivered by the central bank after its previous tightening cycle. The Fed had last raised rates in July 2023 and subsequently cut borrowing costs six times by a cumulative 175 basis points.

written by Shaleen Agrawal 

Source: Network18 

16/09/26, INDEX LEVELS

16/09/26, Trade Setup

Bears are showing no signs of relinquishing control, dragging the Nifty 50 down 1.2 percent despite a gap-up opening on September 15. Technical indicators remain firmly in favour of the bears, while market sentiment has been dampened by elevated US bond yields and crude oil prices, along with caution ahead of the FOMC meeting outcome. The Nifty 50 is expected to consolidate with a negative bias. A break below the crucial support level of 23,000 could strengthen bearish momentum and trigger panic selling. On the upside, the 23,400–23,500 zone is likely to act as a key hurdle, according to experts, who continue to recommend a sell-on-rallies strategy.

Levels for the Nifty50: (cmp23118.60):

Resistance based on pivot points: 23,458, 23,570, and 23,751

Support based on pivot points: 23,096, 22,984, and 22,802

The Nifty 50 formed a long bearish candle on the daily charts, continuing its lower high–lower low structure and reflecting the bears' control. All key moving averages continued to trend downward, while the index fell below the 61.8 percent Fibonacci retracement level of the rally from 22,183 to 24,774. The RSI slipped further to 22.23, its lowest level since March 2025, while the MACD extended its decline, with the red histogram bar expanding for the sixth consecutive session. All these indicators point to continued bearish momentum.

Levels For The BankNifty (55,795)

Resistance based on pivot points: 56,654, 56,938, and 57,397

Support based on pivot points: 55,736, 55,453, and 54,994

Resistance based on Fibonacci retracement: 57,285, 59,261

Support based on Fibonacci retracement: 55,749, 55,050

The Bank Nifty fell 1.43 percent and formed a sizeable red candle on the daily timeframe, signalling the strong presence of bears. The index traded below all key moving averages, with short- and medium-term moving averages trending downward. However, it managed to defend the 50 percent Fibonacci retracement level of the rally from the May low to the June high. The RSI slipped below the 40 level to 33.23, while the MACD maintained its downtrend below the zero line, with the red histogram bar deepening. All these indicators point to bearish phase.

Nifty Call Options Data:

According to the weekly options data, the maximum Call open interest was seen at the 23,400 strike (with 62.71 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,500 strike (58.47 lakh contracts) and 23,600 strike (38.21 lakh contracts).

Maximum Call writing was observed at the 23,400 strike, which saw an addition of 42.02 lakh contracts, followed by the 23,200 and 23,500 strikes, which added 32.32 lakh and 30.7 lakh contracts, respectively. There was hardly any Call unwinding seen in the 22,750-23,700 strike band.

Nifty Put  Options Data:

On the Put side, the 23,000 strike holds the maximum Put open interest (with 47.47 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 23,200 strike (45.52 lakh contracts) and the 22,800 strike (30.49 lakh contracts).

The maximum Put writing was placed at the 23,200 strike, which saw an addition of 28.72 lakh contracts, followed by the 23,000 and 22,800 strikes, which added 19.15 lakh and 15.3 lakh contracts, respectively. There was hardly any Put unwinding seen in the 22,750-23,700 strike band.

Bank Nifty Call options data:

According to the monthly options data, the maximum Call open interest was seen at the 57,500 strike, with 21.93 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 57,000 strike (11.42 lakh contracts) and the 56,500 strike (6.67 lakh contracts).

Maximum Call writing was observed at the 57,000 strike (with the addition of 3.02 lakh contracts), followed by the 56,000 strike (2.74 lakh contracts) and 56,500 strike (2.68 lakh contracts). The maximum Call unwinding was seen at the 57,300 strike, which shed 13,380 contracts, followed by the 55,000 strike, which shed 1,080 contracts.

Bank Nifty put options data:

On the Put side, the 57,500 strike holds the maximum Put open interest (with 15.93 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 56,000 strike (8.04 lakh contracts) and the 57,000 strike (7.98 lakh contracts).

The maximum Put writing was placed at the 55,000 strike (which added 15,180 contracts), followed by the 55,300 strike (12,510 contracts) and 55,600 strike (11,610 contracts). The maximum Put unwinding was seen at the 57,500 strike, which shed 77,790 contracts, followed by the 56,000 and 57,000 strikes which shed 63,960 and 62,790 contracts, respectively.

Report by Sunil Sankar Matkar 

Source: Network18 

15/09/26, Market expecting positive start

Indian benchmark indices Sensex and Nifty are likely to open with cautious gains on Tuesday after the long weekend, with GIFT Nifty pointing to a positive start. However, Brent crude prices above $106 a barrel, continuing Middle East tensions and caution ahead of the US Federal Reserve's policy decision temper the global backdrop. Indian markets were closed on Monday for a holiday and will be absorbing two days of global developments when trading resumes.

GIFT Nifty was trading at 23,521 around 8 am, up 77 points, or 0.33 percent, from Monday's close. It was about 66 points, or 0.28 percent, above its Friday close. Indian equities had recovered sharply from their intraday lows in the previous trading session on Friday, September 11, but still ended marginally lower. The Sensex fell 120.83 points, or 0.16 percent, to 74,781.76, while the Nifty declined 79.70 points, or 0.34 percent, to 23,398.10, amid selling in metal, realty and PSU bank stocks.

Nifty Technical Outlook:

Ponmudi expects the Nifty to retain a weak undertone, with 23,500-23,600 acting as immediate resistance and 23,300-23,200 as the crucial support zone. A sustained move above 23,600 could open a recovery towards 23,800-24,000, while a break below 23,200 could expose the index to 23,000.

Foreign institutional investors remained net sellers for a fourth consecutive session in the previous domestic trading session, offloading equities worth Rs 930 crore on September 11. Domestic institutional investors continued to provide a counterweight, purchasing equities worth Rs 1,968 crore

Asian markets cautious ahead of US Fed decision

Asian markets were struggling for direction ahead of central bank decisions in the US and Japan. The stocks were subdued on Tuesday as investors weighed geopolitical risks, high crude oil prices and concerns around the artificial-intelligence trade.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.12 percent, with South Korea's Kospi down 0.25 percent. Japan's Nikkei reversed early losses to trade 0.19 percent higher, while Hong Kong's Hang Seng fell 0.4 percent and the Shanghai Composite declined 0.3 percent.

Attention is firmly on the US Federal Reserve, whose two-day policy meeting begins later on Tuesday. Reuters reported that the markets are pricing in around a 90 percent probability of a rate increase, which would be the Fed's first hike since mid-2023.

Brent above $106 as Middle East supply risks persist

Crude oil remains a major concern for Indian markets, with prices rising again on Tuesday amid fresh threats to Middle Eastern energy infrastructure. Brent crude climbed 1.21 percent to $106.96 a barrel, while West Texas Intermediate rose 1.27 percent to $102.68. Yemen's Iran-aligned Houthis launched another attack on Saudi Arabia on Monday, while Riyadh blamed Iran-backed fighters in Iraq for an attack on the kingdom's east-west pipeline that it said could disrupt as much as 4 percent of global oil supply. Gulf Arab states also postponed planned talks with Iran.

Ponmudi R, CEO of Enrich Money, said the macroeconomic pressure from higher oil prices amid an uncertain geopolitical backdrop is likely to keep investor sentiment guarded at higher levels.

Wall Street falls; US 10-year yield briefly crosses 5%

US equities ended lower on Monday, and US Treasury yields remained elevated. Technology stocks were under pressure as investors also prepared for this week's Federal Reserve decision. The S&P 500 declined 0.48 percent to 7,619.94, while the Nasdaq fell 0.56 percent to 26,186.41 and the Dow Jones Industrial Average slipped 0.29 percent to 52,421.17.

Nvidia and other chipmakers came under pressure after senior executives at US artificial-intelligence companies raised safety concerns and called for a slowdown in AI development.

Written by Shaleen Agrawal

Source: Network18 

15/09/26, Bloomberg Report on BitCoin

 A rally in crypto markets has stalled as optimism wanes that a key US regulatory bill will progress this week.

The odds of the Clarity Act passing this year, which had jumped above 30% on Polymarket during the US trading session, fell back to 18% early Tuesday in Asia. That saw Bitcoin — which accounts for around 60% of the market value of all cryptocurrencies — retreat from as high as $79,586 to below $78,000 as of 8:40 a.m. in Singapore.

US Senator Mark Warner told reporters at the US Capitol that a group of Democratic negotiators would send a counteroffer to Republicans ahead of tomorrow's pivotal procedural vote on the Clarity Act, the comprehensive crypto regulation bill that has been stuck in partisan wrangling for a year. The bill will need a number of Democrats to cross party lines to advance and move later to final passage thanks to the Senate's 60-vote rule for most legislation.

“Odds of a 2026 signing sat above 70% in May, collapsed to the low teens through August and rebounded toward 30% on Monday. That is a market with no stable read,” said Rachael Lucas, an analyst at BTC Markets, citing prediction-market odds. Still, “a counteroffer is consistent with a negotiation that is still live, not one that has broken down,” she said.

Senate Majority Leader John Thune told reporters earlier Monday that progress had been made in recent days, but he didn't know if the votes would be there to advance the bill Tuesday.

The biggest sticking point has been ethics provisions that Democrats have seen as inadequate to prevent President Donald Trump from continuing to profit from crypto after he reported $1.4 billion in income last year. But other issues, including concerns from banks that crypto stablecoins could siphon their deposits, have also been the subject of massive lobbying efforts.

Republican senators released a final draft of the bill, with changes addressing some of its most contentious points.

The new version would give the Treasury secretary power to intervene if deposit flight became “detrimental” to community banks. It also added new ethics guardrails for the president and other elected officials holding cryptocurrencies. The new ethics rules would force the president to divest from virtual assets or place significant holdings in a blind trust, or else face financial penalties. It also empowered state attorneys general to play a role in enforcing the ethics rules.

Shares of crypto-related companies rallied Monday, with digital exchange Coinbase Global Inc. jumping 9.2% and stablecoin issuer Circle Internet Group Inc. increasing 7.5%.

Still, for some industry observers, the Federal Reserve's rate-setting meeting may turn out to be the most market-moving event for the digital-asset market this week.

“Markets now price roughly an 86% to 87% chance of a 25 basis point Fed hike on Wednesday, and Bitcoin appears to have absorbed much of that base case by holding in the mid-to-high $70,000s rather than breaking its August structure,” said Lacie Zhang, a research analyst at Bitget Wallet. “The larger repricing risk would come from a hawkish surprise in the statement.”

15/09/26, National Stock Exchange I P O

 Brokerages are positive on the upcoming public issue for the National Stock Exchange (NSE), as a result of its strong market position, profitability, and the overall long-term growth potential of India's capital markets.

SAMCO Securities has recommended subscribing to the NSE's issue for the long term, saying that the exchange is one of the strongest market infrastructure businesses in India. In FY26, the exchange had a 92.99 percent market share in cash equities, 99.79 percent in equity futures and 74.71 percent in equity options.

According to brokerages, the NSE's advantages include scale, liquidity, technology infrastructure, an integrated clearing ecosystem and a large investor base. SBI Securities described NSE as the “best franchise among peers”.

Further, at the upper price band of Rs 1,785, the exchange is valued at 42.9 times FY2026 earnings. This is under its listed peer, Asia's oldest exchange BSE's current valuation of 49.3x.

NSE reported revenue from operations of Rs 16,601 crore and PAT of Rs 10,302 crore in FY26, with an operating EBITDA margin of 66.9 percent and ROE of 33 percent.

The exchange also saw a pick-up in operating momentum in the first quarter of FY2027. Revenue rose 13.1 percent year-on-year, operating EBITDA increased 14.84 percent, while cash-market average daily traded value grew 25.25 percent.

SBI Securities also noted that NSE's revenue and PAT grew at a CAGR of 6 percent and 11 percent, respectively, between FY2024 and FY2026. Its technology and data businesses contributed 12 percent of FY2026 revenue, providing some diversification beyond trading.

Brokerages also see potential in NSE's wider ecosystem, including NSE Clearing, NSE Indices, market data and analytics and its GIFT City initiatives. Ventura Securities also highlighted NSE's technology capabilities, with the platform processing 21.9 billion peak order messages in a single day and 201 million trades on March 24, 2026.

The biggest concern flagged by brokerages is NSE's dependence on derivatives, particularly options. Options accounted for 60 percent of FY26 revenue from operations, while NSE's equity-options market share fell from 96.86 percent in FY24 to 68.48 percent in Q1 FY27, said brokerages.

SAMCO cautioned that further regulatory intervention or higher transaction taxes could weigh on speculative derivatives volumes. Ventura also flagged government dependency and execution risks. However, the brokerage did mention that NSE continues to generate strong returns despite a decline in FY26 revenue and profitability.

Overall, brokerages believe NSE's dominant franchise and exposure to the expansion of India's capital markets provides investors with a long-term opportunity. Importantly, at the same time, maintaining market share and reducing dependence on options revenue will remain some key monitorables for investors.

Written by Zoya Springwala 

Source: Network18 

Disclaimer: The views and investment tips expressed by investment experts here are their own and not those of us.  We advises readers and traders to check with certified experts before taking any investment decisions.

15/09/26, INDEX LEVELS

 

NIFTY 50

NIFTY BANK 

14/09/26, Today is Market Holiday

 HAPPY VINAYAK CHA.

11/09/26, NiftyBank weekly

11/09/26, INDEX LEVELS

S E N S E X

N I F T Y B A N K

10/09/26, PostMarket REPORT

The domestic equity market traded on a subdued note by midday on September 10, with the Nifty 50 hovering around 23,460 and the BSE Sensex above 74,850. Crude oil prices moving above $100 a barrel remained a key concern for the market, while several stocks gained on company-specific orders, business updates and product developments.

Here are the top movers and shakers at this hour – 

Infrastructure

Enviro Infra Engineers share price was trading 1.88% higher by midday after its step-down subsidiary Suyog Urja received a Rs224.19 crore letter of intent from Tata Power Renewable Energy for EPC turnkey work on a 180 MW NTPC wind power project at Parli, Maharashtra. The project includes foundations for 58 wind turbine generators, balance-of-plant work, a storage yard, access roads and a 33 kV transmission line, with execution scheduled by March 31, 2027. 

IRB Infrastructure Developers share price was up 2.83% by midday after the company reported a 25% year-on-year rise in toll revenue to Rs807 crore in August, compared with Rs646 crore a year earlier. IRB MP Expressway contributed Rs172 crore, while IRB Golconda Expressway and IRB Ahmedabad Vadodara Super Express Tollway contributed Rs88 crore and Rs80 crore, respectively.

Shakti Pumps

Shakti Pumps (India) Ltd. share price gained 9.43% by midday after the company disclosed a Rs235.92 crore order from Maharashtra State Electricity Distribution Company for 10,000 off-grid solar photovoltaic water pumping systems. 

The order covers 3 HP, 5 HP and 7.5 HP pumps under the Magel Tyala Saur Krushi Pump Yojana and includes supply, transportation, installation, testing and commissioning, with execution expected within 60 days. The order is equivalent to about 27% of the company’s consolidated revenue of Rs858.67 crore reported for the April-June quarter of FY27.

Ather Energy

Ather Energy Ltd. share price gained 4.3% by midday as market attention remained focused on its new Konarc electric scooter and the company’s growth prospects. The model, launched in August, is built on Ather’s new EL platform and fifth-generation Bedrock battery pack, which comes with a 10-year or 1,00,000-km warranty. The company also reduced its Q1 FY27 net loss to Rs51.09 crore from Rs178.23 crore a year earlier, while revenue grew nearly 89%.

Oil Producers

Oil And Natural Gas Corporation Ltd. share price gained over 2% by midday, while Oil India share price also advanced over 2% as Brent crude moved above $100 a barrel following rising concerns over supply disruptions in the Middle East. Higher crude prices can support realisations for upstream producers, although the impact also depends on production levels and other operating factors.

Oil Marketing Companies

Indian Oil Corporation share price was nearly flat by midday, while Bharat Petroleum Corporation Ltd. gained 0.26% and Hindustan Petroleum rose 1% as the market assessed the impact of crude prices above $100 a barrel. Higher crude costs can pressure refining and marketing margins if fuel prices are not adjusted quickly enough to pass through the increase.

Paint stocks

Asian Paints Ltd. share price declined 0.55% by midday, while Indigo Paints fell 1.28% as higher crude prices raised concerns over input costs for paints and related petroleum-based raw materials. The effect on margins will depend on the ability of companies to manage costs and pass higher expenses through pricing.

Tyre stocks

Apollo Tyres Ltd. share price declined 1.22% by midday, while MRF share price gained 0.32% as the tyre sector reacted to crude prices above $100 a barrel. Higher oil prices can raise the cost of synthetic rubber and other petroleum-linked inputs, putting pressure on margins if the increase is not offset through pricing or cost management.

Aviation stocks

InterGlobe Aviation Ltd. share price declined 0.74% by midday, while Spicejet Ltd. fell 0.64% as crude oil prices crossed the $100-a-barrel mark. Aviation turbine fuel is a major operating expense for airlines, making a sustained increase in crude prices a potential pressure on operating costs and profitability.

Reliance Industries

Reliance Industries Ltd. share price was affected by the mixed impact of higher crude prices on its integrated business. Its upstream oil operations can benefit from stronger crude realisations, while higher feedstock costs can weigh on petrochemicals, leaving the overall impact dependent on refining and petrochemical margins.

ESDS Software Solution

ESDS Software Solution share price gained 10% by midday, extending its post-listing rally and hitting the upper circuit for the second consecutive session at the revised 10% limit. The stock has risen sharply from its Rs429 IPO issue price since listing, with the company attracting strong market interest following its debut and subsequent upper-circuit sessions.

Written by Siwangini Gupta 

Source: Financial Express

10/09/26, Chinese President in India

Chinese President Xi Jinping  will visit New Delhi on September 12 and 13 for the BRICS Summit, making this his first trip to India in seven years. The visit comes as India-China ties enter a more cautious phase after years of tensions following the 2020 border crisis.

Narender Modi and Xi are expected to hold a bilateral meeting on the sidelines of the summit. The talks could focus on the border situation, trade, investment, technology, business ties and the wider relationship between the two countries.

India is hosting the 18th BRICS Leaders’ Summit this year. The official programme includes discussions on multilateralism, inclusive global growth, resilience, innovation, cooperation and sustainability, as well as food and energy security, health, disaster resilience and critical supply chains.

PM Modi and Xi bilateral meeting, however, is expected be the most closely watched part of the visit.

What’s on agenda for Modi-Xi’s meeting?

Border and security are likely to remain central to the discussions. India and China have taken steps to reduce tensions along the Line of Actual Control since the 2020 border crisis, but the relationship continues to carry a significant trust deficit.

Harsh Pant, vice president at New Delhi-based Observer Research Foundation, told Reuters that the “trust deficit” between the two countries remained high. China also wants to see how far India is prepared to take the recent improvement in relations. 

Lin Minwang, a South Asia expert at Shanghai’s Fudan University and a former diplomat at the Chinese Embassy in New Delhi, told Reuters that China wanted better relations but was waiting to see how far India was willing to go. “China certainly wants to improve ties, but we are waiting to see to what extent India is actually willing to improve them,” Lin said.

Trade and investment are another major part of the agenda. India has eased some restrictions on Chinese investment, particularly in areas such as electronics, capital goods and solar cells. New Delhi has also considered faster approvals for some joint ventures involving Indian and Chinese companies.

India has already approved a manufacturing partnership between Dixon Technologies and Chinese smartphone maker Vivo.

But Chinese investment has not returned to pre-2020 levels, and security concerns continue to influence investment decisions.

The meeting could therefore provide an opportunity for both sides to discuss whether more economic engagement is possible while protecting India’s strategic and national security interests.

Technology and supply chains are also likely to matter. Chinese companies remain important suppliers of components, machinery and technology for several Indian industries, including electronics and solar energy. At the same time, India wants to reduce excessive dependence on China in sensitive sectors.

Some Chinese-made equipment and components required for Indian solar, electronics and infrastructure projects have faced delays at Chinese customs. According to Reuters, Chinese authorities had asked companies to restrict the sale of some critical technology and infrastructure equipment to India.

These issues could make technology access and supply-chain reliability an important part of the economic conversation between PM Modi and Xi.

Business and people-to-people ties could form another part of the discussions.

India and China have resumed direct flights, while India has also eased visa procedures for Chinese business professionals. However, some Indian business people with interests in China have recently faced difficulties obtaining visas, reported Reuters.

Why does BRICS summit matter?

Xi’s visit comes as India hosts the 18th BRICS Leaders’ Summit, giving the two countries a broader platform for discussions beyond their bilateral relationship.

India’s BRICS agenda includes multilateralism, global growth, resilience, innovation, cooperation and sustainability. Food and energy security, health, disaster resilience and critical supply chains are also part of the programme.

West Asia could be another issue requiring careful discussion. The Indian Express Digital reported that BRICS negotiators were working on a joint declaration amid the continuing conflict in West Asia. The grouping includes countries with different positions on the conflict, including Iran, Saudi Arabia and the UAE.

India and China may not agree on every geopolitical issue, but both have an interest in keeping BRICS focused on cooperation among emerging economies and reforms to global institutions.

The BRICS platform could therefore provide PM Modi and Xi with an opportunity to discuss wider geopolitical issues while their bilateral meeting focuses on India-China relations.

India-China relations: What changed after 2020?

The two countries fought a brief war in 1962, after which their relationship remained cautious for decades. The biggest recent setback came in 2020, when troops from the two countries clashed in eastern Ladakh. Twenty Indian soldiers and four Chinese soldiers were killed in the confrontation.

Relations remained strained for several years as the two sides worked to manage the military standoff along the Line of Actual Control.

A gradual diplomatic thaw began later. PM Modi and Xi met in Kazan, Russia, in October 2024 after the two countries reached an understanding aimed at easing the military standoff along the Line of Actual Control. The leaders also met briefly at a regional forum in Kyrgyzstan this month, although they did not hold a formal bilateral meeting, Reuters reported.

Xi’s September visit will therefore be a more significant opportunity for the two leaders to assess whether that thaw can develop into a broader improvement in relations.

Written by Dimple Singh

Source: Financial Express