Business EconomyPosted at: Sep 23 2026 6:41PM


Stock Markets rebound as crude oil prices decline for sixth straight session

New Delhi, Sep 23 (UNI) Indian Stock Markets on Wednesday rebounded, led by broad-based buying across sectors, barring IT stocks. Nifty reclaimed the 23,400-mark. Markets also reacted to the continued decline in oil prices for a sixth straight session.
At close, the Sensex was up 299.17 points or 0.40 percent at 74,828.25, and the Nifty was up 117.80 points or 0.50 percent at 23,446.80. Nifty Midcap 100 and Smallcap 100 indices also rose 0.7 and 0.9 percent, respectively.
Among the sectors, metals led the sectoral gains surging 2.4 percent while Telecom, PSU banks, realty and FMCG rose more than 1 percent each. On the other hand, IT fell 0.8 percent and media slipped 0.5 percent.
On Nifty, the biggest gainers were Tata Steel, Bajaj Finance, Hindalco Industries, JSW Steel, Apollo Hospitals. Losers included Coal India, HCL Technologies, Titan Company, TCS and Infosys.
More than 170 stocks touched 52-week high. These included Inventurus Knowledge Solutions, Welspun Corp, Shyam Metalics, Welspun Living, RBL Bank, Redington, among others.
In terms of some of the individual performers, Bajaj Finance and L&T Finance gained 2-3percent, Persistent Systems slipped 2.5percent while Hero Motors ended 17percent.
Vinod Nair, Head of Research, Geojit Investments Limited said, "Indian equities ended higher despite intraday volatility, as markets shrugged off an intraday surge in crude and focused on signs of strengthening domestic growth momentum. Geopolitical developments at the UN General Assembly kept a risk premium embedded in oil prices, which weighed on the INR amid a firmer U.S. dollar. However, a stronger-than-expected September flash PMI reinforced confidence in the resilience of economic activity, indicating that growth remains intact without a corresponding build-up in inflationary pressures."
"This constructive macro backdrop supported buying interest across the market, helping domestic equities track gains in Asian peers. Sectorally, metals and banking stocks led the advance, while healthy participation in the broader market reflected improving investor confidence. IT stocks, however, remained subdued, limiting the benchmark's upside at higher levels." UNI VK SAS
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