India Daily

Coming up in Friday's session: the Bank of Japan announces its policy decision at around 3:30 PM JST. The policy rate is 1.00% at present, and 66 of 68 economists polled expect a hike. India's weekly forex reserves are also due - the last print was a record $785.71 billion. Also on Friday: US industrial production. → Full calendar: https://marketchacha.com/calendar

India took the US Federal Reserve's first rate hike since 2023 in its stride: the Nifty 50 closed 53 points higher at 23,270.60 while the Sensex slipped 21.86 points to 74,314.59, with banks doing all the damage and realty, auto, metal and pharma doing all the lifting , per Business Standard. How India closed Nifty 50 — 23,270.60, up 53 pts (+0.23%) Sensex — 74,314.59, down 21.86 pts (−0.03%) Nifty Midcap 100 — up 0.92%; Nifty Smallcap 100 — up 0.76% Nifty Bank — ended lower and, with PSU Bank and Private Bank, was the day's biggest drag (closing level n/a from our sources) The why: the Fed lifted its target range 25 bps to 3.75–4.00% on a un…

RailTel Corporation of India told the exchanges on 16 September that it received a Letter of Intent from Prasar Bharati's Doordarshan for additional features and services on the WAVES streaming platform, an order the filing sizes at ₹63.15 crore including tax . The stock rose as much as roughly 5% on Thursday before easing back. What was announced The disclosure is short and factual. The awarding entity is Prasar Bharati (Broadcasting Corporation of India), Director General, Doordarshan. The scope is a "Letter of Intent/Award for additional features/services on existing WAVES OTT Platform" — it adds to work already running rather than…

Yatharth Hospital & Trauma Care Services told the exchanges this morning that its board approved a preferential issue — new shares and warrants sold privately to one named buyer — raising up to ₹3,150 crore from Rasmalai Limited, a Cyprus-incorporated vehicle of private equity firm Advent International , for up to 24.87% of the company on a fully diluted basis. The stock rose about 8% to a record ₹1,065.05 on roughly three times normal volume. What was announced 1,30,26,516 equity shares at ₹985.17 — ₹1,283.33 crore, paid in full at allotment. 1,89,47,664 warrants at the same price — ₹1,866.67 crore, of which 25% (₹246.29) is paid upfront and…

Emami Limited has approved a share buyback: up to ₹282 crore at a price not exceeding ₹475 per share , bought from the open market rather than through a tender offer. It is the outcome of the board meeting the company flagged on 14 September , which carried no size, price or route. What was announced Maximum size: ₹282 crore, excluding fees, brokerage and taxes. Maximum price: ₹475 per share, face value ₹1. Route: open market via the exchange, under SEBI's Buy-Back of Securities Regulations, 2018. Maximum shares: 59,36,842 — about 1.36% of paid-up equity. Minimum commitment: at least 75% (₹211.5 crore) must be spent, 40% of it in the first ha…

Neogen Chemicals has closed a Qualified Institutions Placement (QIP) — a fundraise sold only to large institutions — allotting 26,60,753 new shares at ₹2,255 each to raise ₹599.99 crore . The company told the exchanges on 17 September 2026 that its Fund-Raising Committee approved the allotment late on 16 September, closing an issue open since 10 September. What was announced Issued: 26,60,753 shares of ₹10 face value at ₹2,255 (₹2,245 premium) Floor price: ₹2,189.73 — shares went out 2.98% above the minimum SEBI's formula allowed, not at a deeper discount Raised: ₹5,99,99,98,015 — call it ₹600 crore Share count: rises from 2,73,81,674 to 3,00…

Mazagon Dock Shipbuilders told the exchanges on 16 September 2026 that it has signed a Memorandum of Understanding with National Shipbuilding & Heavy Industries Park Maharashtra Limited (NSHIPML) to act as the Anchor Shipyard in a proposed greenfield shipbuilding cluster at Dighi, Maharashtra — a yard the filing says is envisaged at at least 1.2 million Gross Tonnage of annual capacity. It is a statement of intent, not an order. What was announced The disclosure came under Regulation 30(12) of SEBI's LODR rules — the clause used for an update on a developing matter. In the company's own words, Dighi marks its "strategic expansion from its…

The Fed did what was priced in, then said the part markets didn't want to hear — a 25bp hike to 3.75-4%, with 16 of 18 policymakers penciling in at least one more before year-end . GIFT Nifty still points to a near-flat open, but the global cost of money just went up, and that decides India's day. US prior close: the hike was priced, the guidance wasn't Dow -1.21% , S&P 500 -0.45% , Nasdaq Composite -0.01% (Business Standard). The split is the story — rate-sensitive and cyclical names wore it, megacap tech barely moved. First hike since 2023, and unanimous (Reuters). Warsh did the damage in the presser — the economy has strengthened, inflatio…

Indian IT gave back part of Tuesday's rally today - TCS closed -2.8%, Wipro -1.8%, Infosys -1.6%, Tech Mahindra -1.1%. Two things behind it: the Nifty IT index had jumped about 5% in early trade on Sep 15 as AI-disruption worries eased, and traders trimmed exposure before the Fed decision landing after the India close. IT and Pharma were the day's laggards while banks and FMCG led the Sensex 333 points higher. → Full breakdown: https://marketchacha.com/post/57d3x9

Coming up in Thursday's session: Emami's board meets on 17 September to consider a share buyback. The intimation filed with the exchanges carries no size, price or route yet - those arrive with the outcome. Before that, the Fed's decision and dot plot land tonight at 11:30 pm IST, and Thursday also brings the Bank of England rate call (4:30 pm IST) and US weekly jobless claims. → Full breakdown: https://marketchacha.com/post/vznpuk

Global markets are in a cautious, risk-off crouch this morning, and the single biggest swing factor for Indian equities is tonight's US Federal Reserve decision (roughly 11:30 PM IST) — with elevated crude, a near-record-weak rupee and a 5% US 10-year yield all keeping the bulls on a short leash. Wall Street: lower into the Fed US stocks slipped in the prior session as traders de-risked ahead of the Fed and Treasury yields punched to multi-year highs. As reported by Yahoo Finance/CNBC, the Dow fell 0.63% to 52,093.11, the S&P 500 eased 0.45% to 7,585.73 and the Nasdaq shed 0.78% to 25,981.57. The US 10-year yield sits near 5.01% (Trading Econ…

Indian equities snapped a two-day slump on Wednesday, with the Sensex closing up 332.63 points (0.45%) at 74,336.45 and the Nifty 50 adding 99 points (0.43%) to settle at 23,217.60, as festive-season buying in consumer stocks and a pause in the crude rally lifted sentiment — even as traders stayed cautious ahead of the US Federal Reserve's decision due tonight (as reported by Business Standard). How India closed Nifty 50: +99 pts / +0.43% to 23,217.60 Sensex: +332.63 pts / +0.45% to 74,336.45 Broader market lagged the benchmarks: Nifty Midcap ended roughly flat (about -0.01%) and the Smallcap 100 slipped ~0.18%, extending its losing streak to…

India snapped a two-day slide: the Sensex closed 333 points higher at 74,336 and the Nifty 50 settled at 23,218, with the government's revised MDR framework on large UPI payments lighting a fire under banking stocks while festive-demand hopes lifted FMCG. How India closed Sensex 74,336, +333 pts (+0.45%), up as much as 502 pts intraday (Upstox) Nifty 50 23,218, +99 pts (+0.43%), after touching 23,285 (Upstox) Nifty Midcap barely moved (+0.14% at 2pm); Nifty Smallcap fell for a fifth straight session (Business Standard) Bank Nifty's close was not verifiable at publication — n/a Tuesday was ugly by comparison: Sensex -777.94 pts to 74,004, Nift…

eMudhra filed a Regulation 30 press release with BSE and NSE on Sunday, 13 September 2026, disclosing that the Global Legal Entity Identifier Foundation (GLEIF) has appointed it a Validation Agent in the Global LEI System. No contract value, revenue number or guidance was attached — and yet the stock locked a 20% upper circuit on Tuesday and is up another 9.8% as we write. What was announced eMudhra will act as a Validation Agent of Legal Entity Identifier India Limited (LEIL) , a GLEIF-accredited LEI Issuer wholly owned by the Clearing Corporation of India. Per the filing, LEIL is currently the only LEI issuer recognised by the RBI under the…

MobiKwik filed a Regulation 30 disclosure with BSE and NSE this morning: UPI is no longer free for merchants. NPCI has introduced a Merchant Discount Rate of up to 0.4% on person-to-merchant payments above ₹2,000 , effective 15 October 2026 — and MobiKwik says transactions that previously earned it nothing will now generate revenue. What was announced The filing cites NPCI circular NPCI/UPI/OC-No.237/2026-27 of 15 September 2026. As reported: 0.4% MDR on UPI P2M transactions above ₹2,000, capped at ₹300 per transaction. Merchants pay it, not you. The filing is explicit: "The Circular does not permit any charge on customers, so UPI payment…

Wall Street drifted lower for a third day and Asia is mixed this morning, but the single thing that decides India's day isn't on screen yet — the Fed's rate decision at 11:30 pm IST, where a hike to 4% is close to fully priced . GIFT Nifty is still pointing a little higher after Nifty's five-month low. India lead: a small gap up, then a long wait GIFT Nifty was at 23,254, up 51 points (+0.22%) at 08:47 IST, implying a gap-up open of roughly 34 points, per NiftyTrader. That follows Tuesday: Nifty 50 closed 23,118.60 (−1.19%), its lowest in five months, Sensex 74,003.82 (−777.94, −1.04%)(Trading Economics, HDFC Sky). Financials fell ~1.8% and a…

Nothing on the India calendar for Wednesday's session - the week's big event lands after the close. The Fed's rate decision and dot plot come at 11:30 pm IST Wednesday (2:00 pm ET), with the benchmark at 3.75% going in. US retail sales land at 6:00 pm IST. India trades the reaction on Thursday. → Full calendar: https://marketchacha.com/calendar

India opened up and closed down: a 587-point Sensex gain at the bell evaporated into a 778-point loss, and the biggest single wound was a 5% collapse in the defence pack after an expected India-Russia deal at the BRICS summit failed to materialise. How India closed Sensex 74,003.82 — down 777.94 pts (-1.04%). Business Standard headlined the close "Sensex falls 778 points; realty, metal top sectoral losers". Nifty 50 23,118.60 — down 279.50 pts (-1.19%) from Friday's 23,398.10. Bank Nifty 55,794.75 , -1.43%; Nifty Midcap -1.67% and Smallcap -2.07% in afternoon trade (Business Standard) — the broader market took the harder hit. Monday w…

HFCL told the exchanges on 14 September 2026 that its board approved roughly ₹820 crore of additional capital expenditure to expand optical fibre, optical fibre cable and preform manufacturing capacity. This is a capex approval, not an order win — the company is committing to spend money, not announcing money coming in — and that distinction is most of the story. What was announced ₹820 crore of fresh capex, on top of about ₹980 crore already approved — total planned spend now roughly ₹1,800 crore . Optical fibre: +4.60 mn fibre-km a year, to 43.10 mn fkm (from 28.0 mn today). Optical fibre cable: +5.64 mn fibre-km a year, to 62.00 mn fkm (fr…

Bharat Heavy Electricals (BHEL) has told the exchanges that its board approved an additional equity investment of Rs 65 crore in NTPC BHEL Power Projects Pvt Ltd (NBPPL), the 50:50 joint venture it runs with NTPC. The money is being put in mainly to help the JV clear urgent dues and keep running as a "going concern." What was announced At a board meeting on 14 September 2026 , BHEL approved infusing up to Rs 65 crore of fresh equity into NBPPL, in one or more tranches, at face value in cash. NBPPL is an equal (50:50) joint venture between BHEL and NTPC, set up to take on EPC (engineering, procurement and construction) work for power p…