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Sensex, Nifty trade higher with volatility in early deals
Sep-17-2026

Indian equity benchmarks made a positive start but soon turned volatile and were hovering near the neutral lines amid mixed global cues after the US Federal Reserve delivered its first-rate hike since 2023. The US central bank hiked federal funds rates by 25 basis points to 3.75-4 per cent. Upside remained capped amid elevated crude oil prices and continued foreign selling.

At this point of trade, both the indices were trading in green but with divergent, as Sensex traded marginally higher with 0.08% gains ahead of its weekly F&O contract’s expiry later in the day, while Nifty traded higher with notable gains of 0.22% amid buying in select financial stocks. However, selling pressure in Teck and IT stocks capped the upside.

On the global front, Asian markets were trading mostly higher as investors assessed the outcomes of the US Fed’s policy meeting. Now, investors turned their focus Bank of Japan policy meeting. The Bank of Japan is expected to raise rates on Friday and signal that further tightening remains possible.

The BSE Sensex is currently trading at 74399.06, up by 62.61 points or 0.08% after trading in a range of 74163.95 and 74537.60. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 1.04%, Industrials up by 1.03%, Power up by 0.91%, Realty up by 0.89% and Healthcare up by 0.68%, while TECK down by 0.34%, IT down by 0.31%, Oil & Gas down by 0.13% and Energy down by 0.12% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.04%, Bharat Electronics up by 1.40%, Bajaj Finance up by 1.34%, Mahindra & Mahindra up by 0.79% and State Bank of India up by 0.79%. On the flip side, HCL Technologies down by 1.16%, TCS down by 0.91%, HDFC Bank down by 0.89%, Titan Company down by 0.65% and Infosys down by 0.63% were the top losers.

Meanwhile, praising the resilience of the Indian economy, International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke has said that India remains a key driver of global growth and continues to be the world’s fastest-growing major economy, supported by strong fundamentals and sound policy frameworks. 

Clarke recently visited India, where he held meetings with Finance Minister Nirmala Sitharaman, Reserve Bank of India (RBI) Governor Sanjay Malhotra, NITI Aayog Vice Chairman Ashok Kumar Lahiri, and business leaders. Clarke said his discussions with policymakers focused on India’s economic outlook, the evolving global environment, and policy priorities aimed at supporting sustainable and inclusive growth. He noted that “India has the potential to power the next wave of global growth, and the IMF remains a close partner in supporting the country on this journey.”

During his September 7-11 visit to India, Clarke also met government officials and business leaders in Mumbai and Chennai. Against the backdrop of heightened global uncertainty and evolving risks, Clarke said preserving macroeconomic stability and resilience remains essential. He said “We discussed the importance of maintaining nimble policies, keeping inflation in check, and advancing reforms that can lift productivity, strengthen competitiveness, and sustain strong growth over the medium term”.

He said his interactions highlighted the potential of innovation, digital transformation, advanced manufacturing, and technology adoption to boost productivity, strengthen competitiveness, and support higher-value economic activities. He added “Sustained investment in skills and responsible technology use will be important to ensure that the benefits of growth are widely shared”.

The CNX Nifty is currently trading at 23267.65, up by 50.05 points or 0.22% after trading in a range of 23193.65 and 23303.85. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were Eternal up by 2.41%, HDFC Life Insurance up by 2.11%, Shriram Finance up by 1.76%, Bajaj Finance up by 1.65% and Bharat Electronics up by 1.54%. On the flip side, ONGC down by 1.50%, HCL Technologies down by 1.27%, TCS down by 0.79%, HDFC Bank down by 0.71% and Infosys down by 0.58% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted jumped 679.24 points or 1.48% to 46,528.14, Nikkei 225 surged 226 points or 0.35% to 64,149.00, KOSPI rose 52.75 points or 0.79% to 6,770.72, Jakarta Composite gained 24.44 points or 0.38% to 6,461.29 and Straits Times was up by 3.08 points or 0.05% to 5,652.89. On the other hand, Hang Seng declined 197.78 points or 0.81% to 24,516.00 and Shanghai Composite was down by 14.14 points or 0.36% to 3,877.46.
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