Indian markets reopen Tuesday after Monday’s Ganesh Chaturthi holiday, with GIFT Nifty signalling a cautious start as crude oil surges past $107 a barrel and Wall Street logs its third straight losing session ahead of this week’s US Fed decision. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Nifty 50 last closed at 23,398.10 on Friday, down 79.70 points (-0.34%), while the Sensex settled at 74,781.76, down 120.83 points (-0.16%), extending a five-week losing streak. Markets were shut Monday for Ganesh Chaturthi. GIFT Nifty futures were trading around 23,469, down roughly 100 points from Friday’s reference, hinting at a soft-to-flat reopening today. Friday’s session saw Tata Steel, Reliance Industries, Sun Pharma, Bajaj Finance and L&T among the top laggards, while IT majors Tech Mahindra, HCL Tech and Infosys bucked the trend with gains of 0.6-1.4%. Analysts note the index is now in oversold territory, raising the odds of a short-term technical bounce even as the broader trend stays cautious.
₿ Crypto Market Update
Bitcoin was trading near $77,873 (about ₹74.6 lakh), clawing back some ground after dipping below $77,000 earlier in the week on rate-hike jitters and Middle East-driven risk aversion. Ethereum held around $2,514 (roughly ₹2.41 lakh), broadly tracking Bitcoin’s moves. Crypto sentiment remains fragile, with traders citing the upcoming US Federal Reserve decision and ongoing Middle East tensions as the two biggest swing factors this week.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 23,398.10 | -0.34% |
| Sensex | 74,781.76 | -0.16% |
| GIFT Nifty (indicative) | ~23,469 | -0.44% |
| Bitcoin (BTC) | ₹74.6L / $77,873 | +1.4% (24hr) |
| Ethereum (ETH) | ₹2.41L / $2,514 | +1.5% (24hr) |
| Gold (24K, 10g) | ₹1,54,090 (₹1,54,240 Delhi) | Firm |
| Silver (999, per kg) | ₹2,44,900 | Firm |
| USD/INR | ₹95.80 | Rupee under pressure |
| Crude Oil (Brent) | $107.86/bbl | +3.1% |
📰 Top 5 Financial News Stories This Morning
- US Fed meeting looms with a hike, not a cut, now the base case. Fed funds futures are pricing in a roughly 92% chance of a rate hike this week as inflation pressures build, an unusual setup that has spooked global equities and sent the 10-year Treasury yield to its highest level since October 2023, briefly touching 4.987% before paring back. A hike would be a headwind for emerging-market flows, including India.
- Crude oil’s surge past $107/bbl is the story to watch for India. Brent has jumped from around $104.6 to nearly $108 a barrel amid escalating US-Iran tensions, pushing India’s crude import bill higher and adding fresh pressure on the rupee and inflation trajectory — a key reason the rupee has struggled to hold above the 95.70-96 band.
- FIIs extend their selling spree. Foreign investors sold Indian equities worth roughly ₹14,475 crore in September so far, with FII outflows of ₹930.90 crore on the last trading day alone, even as DIIs stepped in as buyers (₹1,968.17 crore) to cushion the fall. Sensex and Nifty have now declined for five straight weeks, though the oversold setup is fuelling talk of a near-term technical bounce.
- Wall Street closes lower for a third straight session. The S&P 500 fell 0.48% to 7,619.98, the Nasdaq dropped 0.56% to 26,186.41, and the Dow slid 152 points (-0.29%) to 52,421.20 on Monday, as investors braced for the Fed’s decision and digested rising oil prices and bond yields. This soft overnight handoff is the main reason GIFT Nifty is signalling a tepid open in Mumbai today.
- Tata Sons leadership and IPO timeline back in focus. Tata Sons is set to take up top leadership succession and IPO-related issues at a board meeting on September 17, following a recent RBI missive on the group’s registration status — a development investors in Tata group stocks will be watching closely this week. Separately, Indian banks are reported to be experimenting heavily with AI tools but remaining cautious about scaling deployments, reflecting a broader wait-and-watch stance in the financial sector.
🔍 What to Watch Today
All eyes are on the US Federal Reserve’s policy decision this week, where markets have sharply repriced toward a rate hike rather than a cut — any surprise here could trigger outsized moves in the rupee, crude-sensitive stocks, and IT/export names. Domestically, watch how Nifty and Sensex react to the reopening after Monday’s holiday, given the weak GIFT Nifty signal and continued FII selling. Also on the radar: the Tata Sons board meeting on September 17 covering leadership succession and IPO plans, and any fresh escalation in Middle East tensions that could push Brent crude even higher and add to rupee weakness.
Data sourced from live market feeds and reports from Business Standard, CNBC, Yahoo Finance, Goodreturns, Trendlyne, and other market data providers. Last updated: 15 September 2026, morning IST. This is for informational purposes only and not investment advice.
