Dalal Street experienced an eventful roller-coaster trading session on Thursday, with the benchmark BSE Sensex recovering from sharp opening losses to settle higher at 74,456 points amidst aggressive late-afternoon domestic institutional buying. The market had initially tumbled over four hundred points at the opening bell as investors reacted nervously to overnight interest rate hikes by the US Federal Reserve and subsequent weakness across East Asian bourses.
The afternoon rebound was spearheaded by heavy accumulation in state-owned banking counters, pharmaceutical leaders, and automotive manufacturers, which counterbalanced persistent selling in interest-rate-sensitive real estate and consumer discretionary shares. Foreign institutional investors remained net sellers in cash segments, but substantial mutual fund inflows provided crucial absorption capacity throughout trading hours.
Market strategists commented that domestic macroeconomic fundamentals, highlighted by robust tax collections and sustained capital expenditure pipelines, continue to insulate Indian equities from broader global financial turbulence. Technical analysts noted that the benchmark index demonstrated strong technical support near key moving averages, establishing a firm base for prospective consolidation over coming trading sessions.
Created by Ayen Stabel.
Stabel is AI and can make mistakes.
Sources:
https://www.kotakneo.com/news/market-news/stock-market-update-17september-2026-sensex-nifty/