Your daily market briefing

Domestic pharma growth remained strong in August, led by price hikes and new launches, but weak volumes and US tariff uncertainty mean a sustained margin recovery will be crucial for sector performance.

HDFC Bank shares: Extending the rally for third straight session, the large-cap lender stock opened with an upside gap at ₹722.40 per share on the NSE and touched an intraday high of ₹730.75

Three IPOs opened for subscription on September 16, 2026, targeting automotive, retail, and steel sectors. Investors are monitoring subscription trends and grey market premiums as the issues close on September 18. Allotment is expected on September 21, with tentative listings set for September 23.

The stock opened at ₹287.75 apiece on NSE today, as compared to previous close of ₹286.75 on Wednesday and touched an intraday high of ₹322 on 17 September.

NSE IPO GMP today: According to market observers, the NSE shares are available at a premium of ₹125 in the grey market today

Elitecon International share price hits a 5% upper circuit after announcing a waiver request for a BSE fine of ₹1,53,400 due to regulatory non-compliance. The company is awaiting BSE's decision. Meanwhile, it strengthened its governance with key leadership appointments.

The benchmark 6.94% 2036 bond yield was at 7.0779% as of 10:10 am, after closing at 7.0524% on Wednesday.

The recovery comes as investors look beyond Tuesday's selloff and wait for the US Federal Reserve's policy decision later today.

Tata Consultancy Services has partnered with the Dubai Gold & Commodities Exchange (DGCX) to modernise and future-proof DGCX's market infrastructure through the implementation of a next-generation integrated trading, clearing, and surveillance solution.

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Hero Motors IPO opens for subscription on September 16 and closes on September 18, with a price band of ₹79-84. The IPO includes a fresh issue of shares worth ₹600 crore and aims to capitalize on the electric vehicle market growth.

32% of Global Fintech Fest sessions on AI; Paytm, PhonePe, Razorpay and others showcase tools, but monetisation still early

Vodafone Idea shares opened at ₹14.25 apiece today, as compared to the previous close of ₹14.26 on Wednesday.

Gold rises as investors digest Fed hike, oil rally stalls Reuters

Diamond Power share price: The multibagger stock rose to ₹387 on the National Stock Exchange (NSE), its 5 per cent upper price band and also an all-time high level.

With 31,200 MTPA capacity, Copper is becoming an important part of Gravita's growth strategy. The copper business operated at 50% capacity utilisation in Q1FY27 and generated Rs 376 crore of revenue.

ITC share price: Experts believe there is buzz for an improved PAT and margins in the upcoming quarterly earnings after the rise in price of select cigarette brands

Yes Bank shares rose 4% on September 16 due to management changes and favorable brokerage estimates, indicating potential profit increases from the revised UPI MDR structure. The bank reported a 32.54% year-on-year net profit rise for Q1 FY27 but a slight quarter-on-quarter decline.

Shares of Brainbees Solutions, parent company of FirstCry, surged nearly 7% in Tuesday's trading, part of a 2.47% weekly rally. However, it remains down about 12.18% in one month and 36.94% year-to-date, despite recent trading volume spikes.

Afcons Infra shares opened at ₹281 per share today, as compared to previous close of ₹253.80 on Friday last week. The stock surged as much as 19.23%, touching an intraday high of ₹304.55 on 15 September.

PNC Infra share price: NHAI has extended the debarment of Awadh Expressway Private Limited to the company in its capacity as the concessionaire's promoter.

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

Shares of Happy Forgings Limited decreased after strong performance in the previous day. Forecasts predict significant revenue growth driven by new orders, with brokerage Motilal Oswal maintaining a 'Buy' rating. Check target price

Commerzbank’s India analysis shows the Reserve Bank of India stepping up liquidity absorption via INR1trn of government bond sales and continued VRRR operations, FX swaps and open-market actions. The measures aim to align money-market rates with the 5.25% policy rate.

Africa's share of global rice imports is expected to climb from about 35% currently to nearly 45% by 2035, potentially representing a multi-billion-dollar opportunity.

Krsnaa Diagnostics surged over 11% after entering the PET-CT diagnostic services, diversifying revenue through a 15-year PPP agreement with Punjab. Despite recent stock fluctuations, the expansion is expected to provide long-term cash visibility and enhance its healthcare service offerings.

Compounding the cautious tone against the backdrop of the US Fed rate hike was a flurry of primary market activity, headlined by the opening of the NSE IPO.

Raymond Limited's share price reached a new 52-week high, driven by a 200% rally over six months. The fresh rally has come after the company's aerospace arm secured ₹33 crore in orders.

UK–India Trade Deal Is Live—but India-to-UK Parcels Can Still Miss Tariff Benefits, Warns Universal Delivery Solutions The Loadstar

Glass Wall Systems IPO GMP was 21 per cent ahead of the debut, while the stock debuted at just 7 per cent upside over the offer price.

The currency, however, pared losses and traded with a gain of 10 paise following suspected RBI intervention

HEG stock has declined 67% since the demerger took effect on Sept. 1, with shares falling another 5% on Tuesday as Salil Bawa exited

Srivastava said Indian IT companies are unclear about their vision, raising questions around their ability to sustain growth and create value in the current market environment.

NHC Foods shares surged 5% after announcing plans to acquire controlling stakes in Lotmor Brands and Walya's Beverages. The acquisitions aim to enhance procurement and distribution capabilities, integrating these businesses into NHC’s existing operations to strengthen its market presence.

Pranav Constructions shares debuted strongly on 15 September, opening at ₹165 but hit a 20% lower circuit later in the day. The IPO was highly subscribed at 121 times, with investor interest peaking due to its focus on redevelopment projects in Mumbai.

Experts believe IT stocks are rising due to the AI-slowdown buzz in the global markets

Former US president says voluntary tech standards are not enough; contrasts with Trump’s resistance to regulation

India's leather exports are projected to reach USD 5.5 billion by 2026-27. Trade pacts with the UK and EU will significantly boost these future exports. The India-UK agreement offers zero-duty access for Indian leather goods. Similar duty advantages will also be available under the EU trade pact. The sector currently employs over 4.4 million people.

Speaking at the inauguration of the SEMICON India 2026, Narendra Modi said that the semiconductor ecosystem is expanding rapidly, opening new opportunities for innovation, investment and growth

22, 24 carat Gold prices down across other cities on September 17

22, 24 carat Gold prices down across metro cities on September 17

Indian stock market indices, Sensex and Nifty 50, are set to open flat on 17 September, influenced by mixed global cues. Recent trends show Nifty 50 closing above 23,200, while faces volatility around key support levels. A potential bearish pattern persists amid consolidation signs.

New India Assurance's shares rose 9.4% and IFCI's by 7.8% amid the NSE IPO. Both stocks experienced volatility, influenced by market developments. Technical analysts suggest potential support and resistance levels, indicating ongoing fluctuations in their trends.

Among sectors, Nifty IT and Nifty FMCG were trading in the green, while Nifty Metals, Nifty Realty, Nifty PSU Bank and Nifty Auto led the losses.

Experts call for a strategic overhaul of Willingdon Island’s infrastructure to improve cargo handling, diversify port activities, and boost economic growth, stressing the urgency of optimizing resources and creating sustainable jobs.

Power stocks Suzlon Energy and Adani Power faced declines in Tuesday's trading, with Suzlon down 2.5% and Adani slipping 0.8%. Operational issues at Adani's Godda plant and ongoing troubles for Suzlon contributed to this market pressure despite their long-term gains.

As the Indian stock market displays signs of recovery, Kotak Securities' Amol Athawale identifies three top picks for short-term investments. Discover how these stocks are poised for potential gains despite current market turbulence.

NSE allotted shares worth $703.04 million to marquee global ‌and domestic investors, including the ​sovereign wealth funds of Norway and Abu ⁠Dhabi, as part of its ⁠anchor book allocation ahead of the ‌issue

September inflation expected to rise to 5.7%, near ⁠the RBI's 6% upper tolerance limit

Stock market prediction: Vaishali Parekh has predicted a gap-up opening, as the Gift Nifty live chart is trading above yesterday's spot Nifty 50 close and its previous close