The Indian benchmark indices SENSEX and NIFTY50 continued their recovery momentum in early trade on Tuesday, September 15, with the BSE SENSEX jumping 248.85 points, or 0.31%, to 75,030.61 and the NSE NIFTY50 rising 57 points, or 0.26%, to 23,455.10 as of 09:30 IST. According to Business Standard, the recovery came after the post-market Closing Auction Session (CAS) adjustment helped the indices recover from their earlier levels. The market remained range-bound for most of the day as investors kept their exposure lower, with Brent crude rising $1.44 or 1.36% to $107.12 per barrel amid persistent geopolitical tensions. As per HST Wealth Founder & CEO Hariselvan Radhakrishnan, "Indian equities ended marginally higher on Thursday, shrugging off weak global cues and Brent crude hovering near $102 a barrel, as selective buying in financials and oil & gas stocks offset broader caution."
Foreign institutional investors (FIIs) remained net sellers in Indian equities on Tuesday, offloading shares worth ₹14,474.82 crore through September 11, 2026, according to Business Standard. This follows net cash purchases of ₹17,366 crore in August 2026 and net buyers of ₹6,731.97 crore in July 2026. In contrast, domestic institutional investors (DIIs) continued to provide strong support, buying shares worth ₹13,326.33 crore and selling equities worth ₹12,300.48 crore, leaving them with net purchases of ₹1,025.85 crore. Taken together, FIIs and DIIs were net buyers of ₹587.61 crore during Tuesday's session, with the fund-flow data showing foreign investors remain cautious about Indian equities while domestic institutions have continued to put money into the market.
The broader market showed mixed performance with negative market breadth as 1,810 shares fell against 1,561 shares that rose, while 274 shares remained unchanged on the BSE, according to Business Standard. The BSE 150 MidCap Index fell 0.27% and the BSE 250 SmallCap Index shed 0.28%, indicating weakness in mid and small-cap segments. This contrasts with Thursday's session where the BSE SmallCap Select index was up 0.16% and the MidCap Select index dipped 235 points to 62,357. The Insurance sector climbed 0.58%, Top 10 Banks (0.52%), Bankex (0.36%), Private Banks index (0.35%), Financial Services (0.34%) and PSU Bank (0.32%) were among the top performers, while Capital Goods declined 0.99%, Telecommunication (0.91%), Metal (0.67%) and Hospitals (0.48%) were the major laggards.
Global markets remained subdued with Asian indices trading lower after Wall Street ended lower overnight as investors weighed concerns over artificial intelligence development pace and rising oil prices. According to Business Standard, AI-related technology stocks remained under pressure after senior industry figures called for a slower pace of AI development, with Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and other technology leaders backing calls for greater caution. The weakness was particularly pronounced in semiconductor stocks, while markets were also unsettled by renewed concerns over Middle East energy supplies after attacks on Saudi Arabian energy infrastructure disrupted the kingdom's East-West pipeline. US Treasury yields added pressure with the 10-year yield rising 1.01% to 5.011%, while the US Dollar Index (DXY) was up 0.11% to 99.59.
According to SBI Securities, the 23,240–23,260 zone will act as a crucial support for the Nifty, while resistance lies in the 23,560–23,580 zone. If the index slips below 23,245, the next support is placed at 23,070–23,100, while a surge above 23,580 could extend the rally towards 23,720. On the options front, meaningful call writing was witnessed across the 23,500 and 23,600 strikes, with substantial open interest at the 23,400 strike. The Nifty Media index advanced 0.55% to 1534.80, with PVR Inox surging 4.42%, Sun TV Network up 1.44%, Tips Music rising 1.23%, Saregama India gaining 1.15% and Nazara Technologies up 0.16%. Among individual stocks, Hindustan Zinc fell 2.01% after signing a six-year transportation contract with MFL India for 30 electric trucks, Indoco Remedies surged 11.85% following successful UK MHRA inspection, and Shakti Pumps (India) surged 7.48% after receiving a ₹235.92 crore order from MSEDCL for 10,000 solar water pumping systems.
