House byline
Stocks correspondent
Rohan Desai is a house byline for InfoHandle’s Stocks desk.
The Nifty 50 closed at 22,231.80 on Thursday, its lowest finish since April 2025, as RBI’s 5.50% repo call, Brent above $104 and foreign selling erased about ₹11.37 lakh crore of BSE market value.
HDFC Bank and oil majors carried the 30-share gauge above 82,000 on Wednesday while IT names stayed flat ahead of TCS results and weekly derivatives settlement.
The Nifty 50 closed at 22,776.10 on Tuesday as Kotak Mahindra Bank and Axis Bank led gainers, with traders pricing in a 25-basis-point RBI hike at 10 a.m. Wednesday.
Indian equities edged higher in a muted Tuesday session as Brent crude hovered near $101 and investors trimmed positions before the Reserve Bank’s Wednesday policy decision.
Hindustan Zinc and Hindalco led call-option activity as the Nifty reopened above 24,850 on Monday, with metals catching up to global cues while traders hedged resistance near 25,100 after the Gandhi Jayanti break.
The Nifty 50’s eight-week fall left the gauge down more than 8.5 percent as foreign investors kept selling and Brent crude stayed near triple digits.
Foreign investors extended a selling streak into Thursday’s session, leaving the Nifty at 22,421.95 and marking an eighth straight weekly decline for the benchmarks.
Equity, commodity and currency derivatives stayed closed on Gandhi Jayanti after the Nifty closed at 24,836 on RBI day, leaving traders sidelined until Friday.
Indian benchmarks snapped an eight-session decline on Wednesday as Tata Motors jumped more than 5 percent and financials rallied after the RBI held rates and eased some bank lending rules.
With Brent above $105 and the rupee past 96 per dollar, traders are watching whether Bank Nifty can hold 54,000 after Tuesday's expiry-day bounce.
The BSE Sensex closed down 61.52 points at 80,364.94 on Monday as foreign investors stayed net sellers and traders squared positions before the RBI rate call.
Public-sector banks led a choppy Mumbai opening on Monday while the Midcap150 gauge extended losses, as triple-digit Brent prices kept energy names volatile ahead of the October policy week.
The midcap gauge lost about 2% over five sessions as energy names tracked Brent's triple-digit run. With cash markets closed Sunday, FII selling, DII buying, a 95.82 rupee and the RBI's oil warning set Monday's setup.
The Sensex closed 733.22 points lower at 80,426.46 and the Nifty at 24,654.70, a sixth straight down session, as a fresh US tariff headline on branded drugs and trucks hit pharma and dragged IT with it. The rupee near 95.88 and a central bank leaning against the slide are now the two numbers that decide whether the streak breaks.
IRDAI’s draft guidelines on insurance distribution commissions wiped more than a fifth off PB Fintech in two days and dragged life insurers lower, helping push the Nifty to 23,063.10 on 24 September as Brent and U.S. yields added pressure.
On Wednesday, 23 September, the Sensex rose 0.40% to 74,828.25 and the Nifty 0.50% to 23,446.80 as metals, FMCG and PSU banks led while IT lagged; India VIX closed at 10.29 with Brent near $98.68.
Mahindra & Mahindra Ltd. shares rose in Pune trading hours after Western Maharashtra APMC-linked mandi orders for farm equipment spiked ahead of rabi planning, lifting tractor and implement dealers that supply sugar belt and grape-growing districts.
Nifty futures held above the 25,150 handle in Tuesday session as Infosys, TCS and HCLTech gains offset Nifty Metal weakness, with foreign portfolio investors net buyers on index rolls while the rupee traded near 88.40 to the dollar.
Zomato and One97 Communications dragged the Nifty Midcap 100 lower as brokerages cut quick-commerce EBITDA assumptions after Blinkit and Paytm’s lending-adjacent units faced higher customer-acquisition spend.
India’s Sensex rose 0.6% to 82,184.80 and the Nifty 50 finished above 25,100 as HDFC Bank and Reliance Industries led gainers in a ₹1.1 lakh crore NSE cash session on Monday.
Hindustan Aeronautics’ Nashik division has expanded acceptance testing on Tejas Mk1A turbine blades as the defence PSU pushes to match Air Force delivery milestones before year-end.
Dr Reddy’s Laboratories has stretched API batch-release windows at its Hyderabad campuses after a USFDA Form 483 observation letter questioned documentation on a high-potency line, delaying some US-bound shipments.
Foreign portfolio investors withdrew ₹20,974 crore from Indian stocks through 18 September, erasing much of July and August buying as U.S. yields, costly crude, and a weaker rupee pushed year-to-date equity outflows past ₹2.45 lakh crore.
Hindustan Unilever eased after management reset palm-derivative cover for soap and skincare ahead of Navratri distributor restocking, even as Stratos reformulation trims outright palm use.
NTPC Green Energy shares outpaced the Nifty PSU index after Rajasthan nodal officers signed land-use clearance for a SECI-linked solar parcel near Bhadla, easing a key condition in NTPC REL’s tranche-II tender.
Mundra and neighbouring Gujarat terminals moved stacked import coal faster after covered-yard work and rake clearances, helping APSEZ network volumes recover from early-monsoon dips tied to weaker power demand.
Infosys shares lagged the Nifty IT index in Mumbai’s session as treasury teams rolled dollar hedges for North American billing into a rupee that had steadied near 85.50, trimming the mark-to-market tailwind investors had priced in.