Nifty 50 rose 35.90 points or 0.16% to 23,305.15 at 10:25 IST, showing continued resilience with steady buying interest across key indices, while Sensex advanced 135.01 points or 0.18% to 74,444.84. The benchmark index demonstrated positive momentum with Capital Goods - Electrical Equipment leading gains with a 1.83% rise, offsetting earlier losses, while Diamond, Gems and Jewellery sector crashed nearly 7%, becoming the day's biggest drag on performance. Realty shares emerged as the standout performer, with the Nifty Realty index rising 2% to 850.45, marking the third consecutive trading session of gains with a total rally of 4.45% in this period. The broader market also participated in the rally, with BSE 150 MidCap Index jumping 0.71% and BSE 250 SmallCap Index adding 0.83.
Lodha Developers jumped more than 4% to ₹1,148.50 per share, making it the top gainer in the index and leading the broader realty pack higher. Other major realty stocks also traded firmly in green, with Prestige Estates, DLF, Mahindra Lifespaces, Godrej Properties, Phoenix Mills and Sobha each gaining more than 1%. The strong performance indicates that gains were not limited to a single stock, with the broader Nifty Realty index outperforming the benchmark Nifty by rising 2%. Market breadth remained robust with 2,462 shares rising and 1,241 shares falling on the BSE, while 244 shares remained unchanged at 10:25 IST. The realty sector's strong performance was led by Lodha Developers (up 3.79%), Godrej Properties (up 2.45%), Phoenix Mills (up 2.08%), DLF (up 2.02%), Prestige Estates Projects (up 1.72%), Oberoi Realty (up 1.53%), Sobha (up 1.52%), Anant Raj (up 1.06%), Aditya Birla Real Estate (up 0.8%) and Brigade Enterprises (up 0.28%).
The US Federal Reserve raised interest rates by 25 basis points as widely expected, taking the federal funds rate to a target range of 3.75%-4%. The Fed's latest projections also suggested that policymakers still see the possibility of another rate increase this year. For India, the development comes against the backdrop of a pressured rupee, elevated crude oil prices and rising domestic inflation. Axis Capital expects the RBI to deliver rate hikes in October and December, with the Fed's move strengthening the case for 50 basis points of RBI tightening in calendar year 2026, potentially split between the October and December meetings. Axis Capital also expects the overall RBI hiking cycle to be limited to 75 basis points. Interest rates have a direct impact on the real estate sector because higher borrowing costs can make home loans more expensive and influence housing demand, while developers depend heavily on debt for land acquisition and construction.
Veegaland Developers made a strong market debut, trading at ₹143.45 at 10:15 IST on the BSE, representing a 2.46% premium as compared with the issue price of ₹140. The stock debuted at ₹151 on the BSE, a premium of 7.86% over its issue price, with the stock hitting a high of ₹153.95 and a low of ₹143.45. On the BSE, over 7.09 lakh shares of the company were traded in the counter so far, indicating strong investor interest in the new listing.
GIFT Nifty September 2026 futures were up 82.50 points, indicating a positive start for the Nifty 50, according to reports from Business Standard. The gains come amid strong Asian market cues, with US Dow Jones futures up around 310 points on Thursday, pointing to a stronger opening for US equities after Wall Street ended sharply lower in the previous session following the Federal Reserve's policy decision.
The initial public offering (IPO) of National Stock Exchange of India (NSE) opens for subscription today and will close on 21 September 2026, as reported by Business Standard. The book-built issue is entirely an offer for sale (OFS) of 12.64 crore shares with a price band fixed at ₹1,700 to ₹1,785 per share. Retail investors can bid for a minimum of 8 shares, requiring a minimum investment of ₹14,280 at the upper end of the price band.
