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China and Hong Kong stocks rose on Monday as investors watched for signs that Washington and Beijing could extend their trade truce. The Shanghai Composite climbed 0.6% to 3,933.37, while the Hang Seng Index gained 0.6% to 24,891.58. Markets reacted to recent talks between US and Chinese officials in New York.
Shares of HPCL, BPCL, and IOC fell up to 1% on Monday, September 21, after US President Donald Trump signed the Russia sanctions bill on September 18. ICICI Securities said these new tariffs could impact earnings if India cuts Russian crude imports. Many factors like government intervention remain in focus.
Shares of OFSS fell over 7% while Wipro, Coforge, and Infosys dropped up to 2% on Monday. The pressure started after reports of Oracle’s $18 billion data centre debt. Also, US President Donald Trump extended the $100,000 H-1B visa fee by another year, which hit many Indian IT firms hard today.
Eighty-two investors who bought shares of Carlyle-backed Varmora Granito Ltd before its IPO face a 28 percent markdown at the upper price band. These investors bought shares at Rs 204.59 each between October 23 and November 20, 2025. Now, the shares are worth Rs 148 at the upper end.
The Nifty registered its sixth consecutive weekly decline for the week ended 18 September. Jigar S. Patel said, "The 23,000–23,100 zone remains the key support area." Investors now look at Castrol India, HDFC Life, and Gabriel. Patel suggests buying Castrol between ₹197 and ₹195, targeting ₹215 with a stop loss at ₹186.
Micron Technology heads into its September 30 fiscal fourth-quarter earnings report with high expectations. The company previously reported record fiscal third-quarter revenue of $41.46 billion. Analysts now watch for strong AI memory demand, while China’s CXMT grows its market share. Investors wait to see if Micron shares get a boost.
Reliance Industries shares fell 21% in 2026, wiping off Rs 4 lakh crore from its market value. Analysts suggest caution as the company faces windfall tax issues and Jio listing concerns. Vaqarjaved Khan said, "At current levels, much of the bad news appears priced in," advising investors to accumulate in tranches.
HEG shares rallied 5% on Monday after its subsidiary, Replus Engitech, got a Rs 217.56 crore order from Indus Towers. The company said this order for lithium-ion battery banks is to be executed by March 31, 2027. This news came as HEG started its demerger into two separate business entities.
Sensex gained 410 points to 74,707 and Nifty reached near 23,400 on Monday morning. Lower oil prices helped markets, but broader indices fell. V K Vijayakumar said, "GDP growth of 7% and Nifty earnings growth of 12 to 14% are achievable in FY27." Analysts expect volatility to continue amid global risks.
Bidding for the National Stock Exchange IPO opened on 17th September 2026 and closes on 21st September 2026. While the grey market premium fell to ₹48, expert Arun Kejriwal said, "One should apply for the NSE IPO by analysing the company's fundamentals." Many investors got worried, but the issue filled.
Bank customers may face disruptions from September 28 to September 30, 2026, due to a nationwide strike by the United Forum of Bank Unions. With holidays on September 26 and 27, banks could stay closed for five days. SBI and Union Bank of India advised customers to complete transactions in advance.
Rail Vikas Nigam won a Rs 405 crore contract from East Coast Railway. The company will handle roadbed, bridge, and electrification work between Khurda Road and Gangadharpur in Odisha. This project must be finished within 912 days. The firm started this work to help build a third railway line in India.