Benchmarks
Closing levels, 23 Sep 2026 · Source: NSE / BSE
Sectoral scorecard
NSE sectoral indices, 23 September 2026, ranked best to worst · percentage change only
| Index | Change % |
|---|---|
| Nifty Metal | +2.40% |
| Nifty FMCG | +1.32% |
| Nifty PSU Bank | +1.14% |
| Nifty Realty | +1.10% |
| Nifty Pharma | +0.90% |
| Nifty Consumer Durables | +0.63% |
| Nifty Financial Services | +0.58% |
| Nifty Auto | +0.26% |
| Nifty Energy | +0.09% |
| Nifty Media | -0.50% |
| Nifty IT | -0.87% |
This edition was built after the event, when NSE's live index feed had already moved on to later sessions, so closing levels for most sectoral indices could not be taken from a same-session source and only percentage moves are shown (Upstox, Liquide and Business Standard closing reports). The one level reported for the session: Nifty Metal closed at 13,302.35 (Business Standard).
Movers
Nifty 50 constituents · 23 Sep 2026
Top gainers
| Symbol | LTP | % |
|---|---|---|
| BAJFINANCE | 1,043.20 | +3.41% |
| HINDALCO | 1,003.80 | +3.17% |
| TATASTEEL | 190.82 | +3.16% |
| APOLLOHOSP | 9,069.00 | +2.64% |
| JSWSTEEL | 1,297.80 | +2.43% |
Top losers
| Symbol | LTP | % |
|---|---|---|
| HCLTECH | 1,256.70 | -1.08% |
| TITAN | 4,880.00 | -0.98% |
| INFY | 1,020.50 | -0.86% |
| COALINDIA | 424.55 | -0.81% |
| TCS | 2,089.60 | -0.73% |
Last traded prices are the 3:30 PM snapshot published by HDFC Sky; the percentage moves match Upstox's independently published closing list to the decimal. BSE breadth was firmly positive: 2,811 shares advanced, 1,578 declined and 208 were unchanged (Business Standard).
Midcap movers
Nifty Midcap 100 constituents · 23 Sep 2026
Top gainers
| Stock | % |
|---|---|
| Steel Authority of India | +6.57% |
| PB Fintech | +4.50% |
| Motilal Oswal Financial Services | +3.53% |
| Radico Khaitan | +3.44% |
| Multi Commodity Exchange of India | +3.41% |
Top losers
| Stock | % |
|---|---|
| Persistent Systems | -2.35% |
| One 97 Communications | -2.17% |
| Swiggy | -1.95% |
| Jubilant Foodworks | -1.59% |
| Lupin | -1.51% |
Percentages as published in Upstox's closing movers list for 23 September; closing prices are not carried because no same-session source published them for this universe.
Smallcap movers
Nifty Smallcap 100 constituents · 23 Sep 2026
Top gainers
| Stock | % |
|---|---|
| Whirlpool of India | +20.00% |
| Ola Electric Mobility | +10.69% |
| Wockhardt | +6.75% |
| IFCI | +5.28% |
| Five-Star Business Finance | +4.41% |
Top losers
| Stock | % |
|---|---|
| Pine Labs | -4.29% |
| Inox Wind | -3.70% |
| Devyani International | -3.26% |
| Redington | -3.02% |
| Ather Energy | -2.88% |
Percentages as published in Upstox's closing movers list; price column omitted for the same reason as the midcap block.
Institutional flows
FII/FPI and DII activity in the cash segment
Cash-market figures for 23 Sep 2026 · provisional NSE cash-market data via the Kotak Neo mirror; 5paisa carries the same row rounded (FII +₹1,617.40 cr, DII +₹2,341.50 cr) and CNBC-TV18 reported identical figures. Provisional exchange data.
Corporate & macro desk
What moved the tape and what the IR desks were announcing
- India's flash PMI rises to a three-month high — The HSBC flash composite PMI for September rose to 56.5 from 54.3 in August, with the manufacturing index at 55.7 (52.8) and services at 55.8 (54.1) (Business Standard).
- ADB raises India's FY27 growth forecast to 7% — The Asian Development Bank lifted its FY27 GDP forecast to 7% from 6.6%, citing investment demand, services exports and first-quarter growth of 7.8%, while trimming its FY28 projection to 7.1% from 7.3% and its FY27 inflation forecast to 5% (Business Standard).
- Whirlpool of India locked at 20% upper circuit — The stock rose ₹144.20 to its upper price band of ₹865.25 on reports that promoter Whirlpool Mauritius is in advanced talks to sell its remaining 39.76% stake (Kotak Neo).
- Skipper wins ₹797 crore of orders — The transmission-structures maker secured orders worth ₹797 crore for domestic and international power transmission and distribution projects, including exports to Australia (Business Standard).
- Subex selected by Asia-Pacific mobile operator — Subex rose 12.37% after it was chosen by a major Asia-Pacific mobile network operator to modernise its partner ecosystem management operations (Business Standard).
- Arvind SmartSpaces reports ₹500 crore of bookings at new Bengaluru project — The Arvind Sylva project recorded more than ₹500 crore of bookings within 30 days of launch; the stock rose 10.58% (Business Standard).
- 360 ONE WAM names Aashish Agarwal chief executive — The board approved his appointment as CEO with effect from 15 February 2027 (Business Standard).
Corporate actions on the session
Dividends that went ex on 23 September 2026 · Source: NSE (all twelve NSE rows also confirmed in Goodreturns' ex-date list); last three rows from Goodreturns
| Company | Ex-date | Purpose | Record date |
|---|---|---|---|
| Gujarat Mineral Development Corporation Limited (GMDCLTD) | 23 Sep 2026 | Dividend — Rs 9.50 per share | 23 Sep 2026 |
| Goodluck India Limited (GOODLUCK) | 23 Sep 2026 | Dividend — Rs 3 per share | 23 Sep 2026 |
| Gallantt Ispat Limited (GALLANTT) | 23 Sep 2026 | Dividend — Rs 2 per share | 23 Sep 2026 |
| Steel Strips Wheels Limited (SSWL) | 23 Sep 2026 | Dividend — Rs 1.50 per share | 23 Sep 2026 |
| Mishra Dhatu Nigam Limited (MIDHANI) | 23 Sep 2026 | Dividend — Rs 1.25 per share | 23 Sep 2026 |
| Titagarh Rail Systems Limited (TITAGARH) | 23 Sep 2026 | Dividend — Re 1 per share | 23 Sep 2026 |
| PNC Infratech Limited (PNCINFRA) | 23 Sep 2026 | Dividend — Re 0.60 per share | 23 Sep 2026 |
| Premier Explosives Limited (PREMEXPLN) | 23 Sep 2026 | Dividend — Re 0.50 per share | 23 Sep 2026 |
| Apollo Micro Systems Limited (APOLLO) | 23 Sep 2026 | Dividend — Re 0.25 per share | 23 Sep 2026 |
| Agi Infra Limited (AGIIL) | 23 Sep 2026 | Dividend — Re 0.20 per share | 23 Sep 2026 |
| Vintage Coffee And Beverages Limited (VINCOFE) | 23 Sep 2026 | Dividend — Re 0.15 per share | 23 Sep 2026 |
| Confidence Petroleum India Limited (CONFIPET) | 23 Sep 2026 | Dividend — Re 0.10 per share | 23 Sep 2026 |
| Tyche Industries Ltd | 23 Sep 2026 | Final dividend — Rs 3.50 per share | 23 Sep 2026 |
| Talbros Engineering Ltd | 23 Sep 2026 | Final dividend — Rs 3 per share | 23 Sep 2026 |
| HLE Glascoat Ltd | 23 Sep 2026 | Final dividend — Rs 1.10 per share | 23 Sep 2026 |
Board meetings & results calendar
Scheduled board meetings — the IR calendar for the days ahead
| Company | Date | Purpose |
|---|---|---|
| Global Education Limited (GLOBAL) | 24 Sep 2026 | Buyback of equity shares and other business matters |
| Minda Corporation Limited (MINDACORP) | 24 Sep 2026 | Issue of non-convertible debentures |
| ESDS Software Solution Limited (ESDS) | 24 Sep 2026 | Financial results for the period ended 30 June 2026 |
| Purple Style Labs Limited (PERNIASPOP) | 24 Sep 2026 | Unaudited standalone and consolidated financial results |
| Ashapura Intimates Fashion Limited (AIFL) | 24 Sep 2026 | Fund raising and other business matters |
| Talwalkars Better Value Fitness Limited (TALWALKARS) | 24 Sep 2026 | Fund raising and other business matters |
| Saraswati Saree Depot Limited (SSDL) | 24 Sep 2026 | Dividend |
| GACM Technologies Limited (GATECH) | 24 Sep 2026 | Other business matters |
| Natco Pharma Limited (NATCOPHARM) | 25 Sep 2026 | Terms and conditions of rights issue |
| Aequs Limited (AEQUS) | 25 Sep 2026 | Preferential issue of warrants convertible into equity shares |
| Force Motors Limited (FORCEMOT) | 25 Sep 2026 | Removal of restrictions on transferability of shares |
| R Systems International Limited (RSYSTEMS) | 25 Sep 2026 | Second interim dividend |
| Agi Infra Limited (AGIIL) | 25 Sep 2026 | Fund raising |
| Varvee Global Limited (VGL) | 25 Sep 2026 | Stock split |
| Power Grid Corporation of India Limited (POWERGRID) | 26 Sep 2026 | Unsecured rupee term loan / line of credit |
IPOs open now
Issues that were open for subscription during the 23 September session. Subscription multiples are HDFC Sky's time-stamped per-issue figures published on 23 September between 4:53 PM and 5:49 PM IST — final-day figures for Robokidz Eduventures (5:44 PM), FX Multitech (5:49 PM) and Vivekanand Cotspin (5:48 PM); day two for Varmora Granito, Anand Seamless and Himalaya Nutravedics India; day one for the rest. No grey market premium is shown (see note).
Final day to bid on 24 Sep: Varmora Granito, Anand Seamless and Himalaya Nutravedics India.
| Issue | GMP | Sub. | Price (₹) | Issue size | Lot | Open – close | BoA | Listing | Anchor |
|---|---|---|---|---|---|---|---|---|---|
| Varmora Granito MainboardCloses 24 Sep |
— | 0.27x | 140 – 148 | ₹708.02 cr | 101 | 22 Sep to 24 Sep |
25 Sep | 29 Sep | Yes |
| Anand Seamless BSE SMECloses 24 Sep |
— | 0.74x | 72 | ₹25.52 cr | 1,600 | 22 Sep to 24 Sep |
25 Sep | 29 Sep | — |
| Himalaya Nutravedics India BSE SMECloses 24 Sep |
— | 0.40x | 100 – 106 | ₹26.50 cr | 1,200 | 22 Sep to 24 Sep |
25 Sep | 29 Sep | Yes |
| Elevate Campuses Mainboard |
— | 0.21x | 343 – 362 | ₹2,100 cr | 41 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | Yes |
| ArMee Infotech Mainboard |
— | 0.57x | 350 – 375 | ₹300 cr | 40 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | Yes |
| Swastika Infra Mainboard |
— | 1.00x | 175 – 185 | ₹160.88 cr | 81 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | Yes |
| Adroit Industries (India) Mainboard |
— | 5.12x | 126 – 134 | ₹150.71 cr | 111 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | Yes |
| Pooja Logistics NSE SME |
— | 0.34x | 109 – 115 | ₹44.23 cr | 1,200 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | Yes |
| Coreintegra Consulting Services NSE SME |
— | 0.14x | 74 – 78 | ₹21.99 cr | 1,600 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | — |
| Liqvd Digital India BSE SME |
— | 1.03x | 51 – 54 | ₹39.01 cr | 2,000 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | — |
| Unitec Fibres BSE SME |
— | 0.13x | 83 – 88 | ₹34.47 cr | 1,600 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | Yes |
| S.K. Offset BSE SME |
— | 0.12x | 119 – 125 | ₹29.06 cr | 1,000 | 23 Sep to 25 Sep |
28 Sep | 30 Sep | Yes |
| Robokidz Eduventures BSE SME |
— | 833.56x | 100 – 106 | ₹31.09 cr | 1,200 | 21 Sep to 23 Sep |
24 Sep | 28 Sep | Yes |
| FX Multitech BSE SME |
— | 17.72x | 110 – 116 | ₹45.24 cr | 1,200 | 21 Sep to 23 Sep |
24 Sep | 28 Sep | Yes |
| Vivekanand Cotspin BSE SME |
— | 1.79x | 32 – 37 | ₹22.20 cr | 3,000 | 21 Sep to 23 Sep |
24 Sep | 28 Sep | Yes |
Grey market premium is an unofficial, unregulated and unverifiable indication of sentiment traded outside the exchanges. It is not a price, not a forecast, and carries no regulatory standing — it is published here for context only. This edition was compiled after the event and no GMP snapshot time-stamped to the 23 September session could be recovered, so the GMP column is blank throughout rather than filled from a later reading. A blank cell elsewhere means the figure was not sourced for this edition, not that it is zero. Robokidz Eduventures, FX Multitech and Vivekanand Cotspin closed on the session. Three issues listed on 23 September (Business Today): SS Retail at ₹624 on the NSE against an issue price of ₹424 (+47.17%), Jindal Supreme (India) at ₹120 against ₹93 (+29.03%), and Hero Motors at ₹82 against ₹84 (−2.38%).
Economic calendar
Data releases and policy events in the days ahead
| Date | Event |
|---|---|
| 28 Sep 2026 | Index of Industrial Production (IIP) — India |
| 30 Sep 2026 | Sector-wise bank credit — India |
| 30 Sep 2026 | Government capital expenditure — India |
Commodities, currency & global
US index cards show the Wall Street session of the same calendar day, Wednesday 23 September 2026, which closed after Indian hours (AP wire); all three levels reconcile exactly against the previous session's closes carried in this series. The gold quote is an Indian national retail reference rate from a single source (StartupTalky) and varies by city and aggregator; silver and 22K quotes diverged too widely between sources for this session to publish. The rupee close and its change are PTI's final figures. Brent is not shown: only intraday snapshots taken at different times were available for the session, not a settlement.
What we are watching next session
- Whether foreign buying holds. Institutions turned net buyers of ₹1,617.45 crore on Wednesday after a ₹3,809.99 crore outflow on Tuesday — one session is not yet a change of direction.
- Final day on 24 September for Varmora Granito (0.27x after day two), Anand Seamless and Himalaya Nutravedics India.
- The four mainboard issues that opened on 23 September run to 25 September; Elevate Campuses' ₹2,100 crore book stood at 0.21x after day one against 5.12x for Adroit Industries (India).
- Board calendar: Global Education's buyback proposal and Minda Corporation's debenture issue on 24 September, Natco Pharma's rights-issue terms on 25 September and Power Grid's borrowing proposal on 26 September.
- India's Index of Industrial Production on 28 September, followed by sector-wise bank credit and government capital expenditure on 30 September.
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