The S&P BSE Sensex closed 19.63 points or 0.03% lower at 74,294.96, while the Nifty 50 index added 75.80 points or 0.33% to 23,346.40 at provisional closing data. According to Business Standard, the broader market outperformed with the BSE 150 MidCap Index jumping 1.30% and the BSE 250 SmallCap Index adding 1.31%. Market breadth remained strong with 2,713 shares rising and 1,617 shares falling on the BSE, while 230 shares remained unchanged. The latest data shows the Sensex surged as much as 0.5% to hit an intraday high of 74,677.56, while the Nifty 50 soared as much as 0.73% to touch the session's peak of 23,363.55.
The Nifty Metal index jumped 1.51% to 13,052.60, extending its gains to 3.03% over three consecutive trading sessions. As reported by Business Standard, metal sector stocks showed exceptional performance with Welspun Corp leading gains at 8.12%, followed by APL Apollo Tubes at 5.66%, Hindustan Zinc at 4.14%, Vedanta at 3.94%, Jindal Stainless at 3.94%, Adani Enterprises at 3.31%, Hindustan Copper at 2.21%, JSW Steel at 1.77%, Lloyds Metals & Energy at 1.6%, and Steel Authority of India at 1.33%. The metal sector continues to benefit from positive market sentiment and strong industrial demand, with the latest session marking the third consecutive day of gains. The Nifty Metal index has soared 31.00% over the last one year compared to the 8.17% slide in benchmark Nifty 50 index, demonstrating the sector's strong long-term performance.
NSE received bids for 9,05,84,984 shares against 8,86,42,911 shares on offer, achieving a subscription of 1.02 times as of 15:30 IST on September 18, 2026. According to stock exchange data reported by Business Standard, the IPO opened for bidding on September 17, 2026, and will close on September 21, 2026, with a price band fixed between ₹1,700 and ₹1,785 per share. Hero Motors received bids for 57,11,81,886 shares against 8,86,07,596 shares on offer, achieving a subscription of 6.45 times as of 15:30 IST on September 18, 2026. The Hero Motors IPO opened for bidding on September 16, 2026, and will close on September 18, 2026, with a price band between ₹79 and ₹84 per share. SS Retail received bids for 77,60,68,300 shares against 87,93,884 shares on offer, achieving a subscription of 88.25 times as of 15:30 IST on September 18, 2026.
Veegaland Developers shares were trading at ₹145 on BSE, representing a premium of 3.57% compared to the issue price of ₹140, with the stock hitting a high of ₹153.95 and low of ₹143.45. The stock debuted at ₹151 on BSE, showing a premium of 7.86% over its issue price. Concord Biotech added 2.27% after the company announced that the U.S. Food and Drug Administration successfully concluded inspection of its Valthera Formulation Facility with one minor procedural observation. OnEMI Technology Solutions declined 1.20% despite board approval of a proposal to raise up to ₹832 crore through preferential equity issuance, with participation from marquee investors including Axis Mutual Fund, HDFC Mutual Fund, and others. Gujarat Themis Biosyn advanced 1.29% after announcing completion of acquisition of 100% equity shareholding in MicroBiopharm Japan Co. through its wholly owned subsidiary.
Nifty Media index gained 1.34% and Nifty MNC index added 1.25% on the day, according to Business Standard. In other sectoral movements, the Nifty Metal index has gained 0.00% over the last one month. Moody's Ratings raised India's GDP growth forecast for FY27 to 7% from 6%, citing stronger-than-expected economic momentum and resilience to disruptions from Middle East conflict. As reported by Business Standard, India's real GDP growth accelerated to 8.2% YoY in the first six months of calendar 2026, supported by stronger private consumption, robust investment and sustained strength in services. The Bank of Japan raised its policy rate by 25 basis points to 1.25% from 1%, marking its highest level since 1995, while the Bank of England kept UK interest rates unchanged at 3.75% in a 6-3 vote. US markets ended higher with the Dow Jones Industrial Average rallying 0.61%, S&P 500 gaining 1.14%, and Nasdaq Composite closing 1.69%.
