Sensex Falls 330 Points, Nifty 50 Ends 0.36% Lower as IT Stocks Decline

Market Update at 04:00 PM: The Indian benchmark equity indices, Sensex and Nifty, closed lower on Tuesday, September 22, 2026, paring their early gains amid sharp selling pressure in IT shares.

The Nifty 50 witnessed a volatile session, opening at 23,454.05 and rising to an Intraday high of 23,489.00 during the opening hours before reversing its trend. The index slipped below the 23,400 mark during the session and touched an intraday low of 23,285.75.

At close, the Nifty 50 settled at 23,329, down 85.30 points, or 0.36 per cent, snapping a four-day winning streak. The Sensex declined 329.91 points to close at 74,529.08. Meanwhile, the Bank Nifty underperformed the benchmark indices, closing 0.45 per cent lower. The India VIX, also known as the Indian fear gauge, fell nearly 2.5 per cent to below the 11 mark.

Brent crude prices extended their decline for the fifth consecutive session on Tuesday, slipping below USD 100 per barrel to a two-week low. The decline was driven by expectations of improving supply conditions amid renewed diplomatic efforts to resolve the U.S.-Iran conflict and potentially restore disrupted Middle East energy flows.

Market sentiment also improved after reports indicated steady crude movement through the Strait of Hormuz, while higher tanker availability at Saudi Arabia’s Gulf export terminals pointed towards improving supply prospects.

The broader market also ended lower. The Nifty Midcap 100 index declined 0.08 per cent, while the Nifty Smallcap 100 index slipped 0.23 per cent.

On the sectoral front, three of the 11 key sectoral indices ended in positive territory. The Nifty Media index jumped 1.21 per cent, extending its gains for the fifth consecutive trading session. Sun TV Network surged more than 7 per cent.

On the other hand, the Nifty IT index witnessed selling pressure and declined 0.86 per cent. The index hit a two-month low, with eight out of its 10 constituents ending in negative territory.

Among individual stocks, Transrail Lighting gained 14.44 per cent after completing a 70 per cent expansion in conductor manufacturing capacity at its Silvassa facility. The expansion took its total manufacturing capacity to around 40,800 km per annum.

Pace Digitek shares jumped 9.12 per cent after the company won an order worth Rs 488 crore from an NTPC unit.

The key stocks supporting the Nifty 50 were Eternal, which contributed 9.65 points, Coal India with a contribution of 6.96 points, and Titan Company with 4.81 points.

On the other hand, Reliance Industries weighed on the index with a negative contribution of 10.19 points, followed by Larsen & Toubro with 9.78 points and Bharti Airtel with 8.81 points.

As of September 22, 2026, market breadth remained in favour of declining stocks. Out of 3,670 stocks traded on the NSE, 1,679 advanced, 1,868 declined, and 113 remained unchanged.

A total of 115 stocks touched their 52-week highs, while 71 stocks hit their 52-week lows. Additionally, 153 stocks were locked in their Upper Circuits, whereas 86 stocks were locked in Lower Circuits.

Market Update at 2:15 PM: Indian equity benchmarks traded higher on Monday, supported by a decline in oil prices, which eased concerns over inflation and the growth outlook.

As of 2:00 PM, the Sensex rose 630.47 points, or 0.85 per cent, to 74,925.43, while the Nifty 50 gained 84.20 points, or 0.36 per cent, to 23,430.90.

HDFC Life Insurance Company, Sun Pharmaceutical Industries and Dr. Reddy's Laboratories were the Top Gainers in the Nifty 50 index.

In the broader markets, the Nifty MidCap index declined 0.27 per cent, while the Nifty SmallCap index fell 0.04 per cent.

Among sectors, Nifty Realty, Nifty Pharma and Nifty FMCG outperformed, while Nifty IT, Nifty Metal and Nifty PSU Bank underperformed.

Market Update at 12:35 PM: Indian benchmark indices witnessed profit booking during the afternoon session as weakness in IT stocks dragged the market lower. The Sensex and Nifty 50 erased their early gains, with selling pressure visible in heavyweight technology counters.

As of 12:00 PM, the Sensex declined 225.19 points or 0.30 per cent to 74,633.80, while the Nifty 50 slipped 61.75 points or 0.26 per cent to 23,353.50. HCLTech, Tech Mahindra and Infosys emerged as the top laggards among Nifty 50 constituents, weighing on the broader index.

The decline was largely led by the IT sector, where investor sentiment remained cautious amid concerns over global technology spending and the demand outlook. IT stocks have remained under pressure in recent sessions, with major names such as Infosys, HCLTech and Tech Mahindra witnessing selling interest.

In the broader market, performance remained mixed. The Nifty MidCap index traded marginally higher by 0.11 per cent, indicating relative strength among mid-sized companies, while the Nifty SmallCap index slipped 0.14 per cent.

Sector-wise, Nifty Realty was the top-performing index, while Nifty IT witnessed the sharpest decline among sectoral indices. The market breadth remained balanced, with selective buying visible in sectors such as realty and other domestic-focused segments, while export-oriented IT stocks continued to face pressure.

Market Update at 11:00 PM: The Nifty 50 and Sensex erased their early gains on Tuesday as weakness in IT shares weighed on the benchmark indices.

As of 10:51 AM, the Sensex fell 161.58 points, or 0.22 per cent, to 74,697.41, while the Nifty 50 declined 43.35 points, or 0.19 per cent, to 23,370.95.

Coal India, InterGlobe Aviation, and Adani Enterprises were the top gainers in the Nifty 50 index.

In the broader markets, the Nifty MidCap index rose 0.28 per cent, while the Nifty SmallCap index gained 0.39 per cent.

Among sectors, the Nifty Realty index emerged as the top gainer, while the Nifty IT index declined the most.

Market Update at 09:30 AM: Indian benchmark equity indices opened higher on Tuesday, September 22, as oil prices extended their decline and global equities advanced. The Nifty 50 and Sensex gained in early trade, supported by positive global cues.

As of 9:17 AM, the Sensex rose 38.40 points or 0.05 per cent to 74,897.39, while the Nifty 50 was up 30.45 points or 0.13 per cent at 23,444.75.

Coal India, InterGlobe Aviation and Adani Enterprises were the top gainers in the Nifty 50 index during early trade.

In the broader markets, the Nifty MidCap index rose 0.28 per cent, while the Nifty SmallCap index gained 0.39 per cent, indicating a positive trend across broader market segments.

Among sectoral indices, the Nifty Realty index rose the most, while the Nifty IT index declined the most.

Pre-Market Update at 5:00 AM: GIFT Nifty was trading around 23,527.50 in early trade on September 22, 2026, up 88 points from its previous close of 23,297 as of 5 AM. The indication points to a positive opening for Indian equities, with domestic benchmarks likely to begin the session with an upward gap if the trend sustains until market open.

The Nifty 50 closed Monday’s session at 23,414.30, gaining 67.90 points or 0.29 per cent, while the Sensex ended at 74,858.99, up 564.03 points or 0.76 per cent. The Nifty 50 traded between an intraday low of 23,330.20 and a high of 23,466.80. The recovery was supported by easing crude oil prices and buying interest in select Large-Cap stocks.

U.S. equity markets ended sharply higher on Monday, supported by strength in technology and Semiconductor stocks. The S&P 500 closed at 7,764.70, gaining 1.49 per cent, while the Nasdaq Composite surged 2.26 per cent to 27,122.09. The Dow Jones Industrial Average advanced 0.71 per cent to 52,048.83.

Technology stocks led the advance, with artificial intelligence-related companies witnessing strong buying interest. Falling Treasury yields and declining crude oil prices also improved market sentiment. The gains in U.S. technology stocks could provide a supportive backdrop for Indian IT and technology-related counters.

Asian markets opened mostly higher on Tuesday. The Nikkei 225 was trading around 65,018.95, gaining 1.38 per cent, while the Hang Seng advanced 1.18 per cent to 25,042.71. The Shanghai Composite rose 0.97 per cent to 3,949.91 and the Kospi climbed 1.65 per cent to 7,007.72 in the latest available session data.

European markets had a mixed previous session. The FTSE 100 ended nearly flat at 10,372, while Germany’s DAX declined 0.75 per cent and France’s CAC 40 slipped 0.32 per cent. Global markets also tracked developments around U.S.-China discussions and geopolitical developments affecting energy markets.

Foreign Institutional Investors remained net sellers in the Indian cash market on September 21, selling equities worth Rs 576.20 crore. Domestic Institutional Investors continued to provide buying support, recording net purchases of Rs 2,797.27 crore during the session.

The divergence between foreign and domestic flows remains an important market factor, with domestic institutional participation cushioning selling pressure from overseas investors. FIIs have remained cautious during September, with cumulative monthly selling reported near Rs 21,000 crore.

Crude oil prices extended their decline, with Brent crude futures settling near USD 100.34 per barrel after falling 3.4 per cent in the previous session. WTI crude futures declined below USD 96 per barrel, settling near USD 95.15, amid easing concerns over supply disruptions and improving geopolitical sentiment.

Lower crude prices remain supportive for India as a major oil importer. The decline could benefit aviation companies by reducing fuel-cost pressure and provide input-cost relief to paint and chemical companies that use crude derivatives as raw materials. Oil marketing companies could see a mixed impact, as lower crude prices may improve marketing margins while reducing inventory gains.

Gold prices softened as risk appetite improved. Domestic MCX gold futures were trading near Rs 1,53,450 per 10 grams, while silver futures were around Rs 2,39,850 per kg in the latest available domestic market update.

The U.S. Dollar Index and U.S. 10-year Treasury yield data could not be independently verified through available search results at the time of writing. However, the U.S. 10-year yield was reported below the 5 per cent mark after declining in the previous session, supporting risk assets globally.

The Indian rupee ended Monday slightly stronger at 95.8150 against the U.S. dollar compared with the previous close of 95.8725. Lower crude prices and portfolio-related inflows supported the currency, although importer demand remained a factor.

For the Nifty 50, immediate support remains near 23,300, followed by 23,200, while resistance is placed around 23,500 to 23,600. A sustained move above the resistance zone could strengthen the ongoing recovery attempt, while a move below the immediate support area could bring renewed selling pressure.

Bank Nifty is expected to track movements in private banking stocks, with support seen around recent swing lows and resistance near its short-term moving averages.

India VIX data for the latest close could not be independently verified before publication. However, easing crude prices and improved global risk appetite indicate a relatively stable near-term risk environment, although domestic volatility may remain around key technical levels.

The NSE releases the F&O ban list before market opening based on market-wide position limits (MWPL). Stocks entering the ban cannot see fresh derivative positions, although traders can reduce existing positions.

The latest NSE F&O ban list for September 22, 2026 could not be independently verified before publication. Traders should refer to the latest NSE derivatives circular for the confirmed list before initiating fresh derivative positions.

The NSE IPO received strong demand and concluded with overall subscription of 5.7 times. The issue is scheduled for listing on September 24, keeping primary market activity in focus.

InterGlobe Aviation could remain in focus as the decline in crude oil prices improves the near-term operating environment for airlines by potentially reducing fuel-cost pressure.

Reliance Industries remained among the key contributors during Monday’s recovery as buying returned to large-cap stocks.

HDFC Bank and ICICI Bank attracted buying interest during Monday’s broader market recovery. Banking stocks could remain in focus as institutional flows and movements in Bank Nifty influence market sentiment.

Indian technology stocks may remain in focus following the strong overnight rally in U.S. technology and semiconductor shares, particularly as gains in AI-related companies lifted the Nasdaq Composite.

NSE-related counters will also remain on the radar following strong demand for the exchange operator’s IPO ahead of its scheduled September 24 listing.

Information Technology could remain in focus after strong gains in U.S. technology and semiconductor stocks provided a positive global backdrop for Indian IT companies. Aviation stocks may benefit from the recent decline in crude oil prices, which could ease fuel-cost pressure for airlines. Banking and Financial Services stocks will remain important as domestic institutional buying continues to support the market and private banks influence broader benchmark movements.

The Nifty 50 is expected to remain within the 23,300 to 23,600 zone in the near term. A sustained move above 23,600 would indicate stronger upward momentum, while holding above 23,300 would keep the current recovery attempt intact. The index continues to remain below key short-term averages, making sustained movement above resistance levels important for the next directional move.

Disclaimer: The article is for informational purposes only and not investment advice.

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