Indian Stock Market Opens Flat Amid Mixed Global Signals, PSU Stocks Rally

Mumbai, September 17 (Daily Kiran) : The Indian stock market began on a flat note on September 17, 2026, influenced by mixed signals from global markets. At 9:16 AM, the Sensex was down by 49 points, or 0.07%, standing at 74,291. Meanwhile, the Nifty saw a slight gain of 19 points, reaching 23,235.

In early trading, Public Sector Undertaking (PSU) stocks provided crucial support to the market. The Nifty PSU Bank and Nifty PSE emerged as the top gainers. Other indices such as Nifty Infra, Nifty India Defense, Nifty FMCG, Nifty Commodities, Nifty Metal, Nifty Realty, Nifty Consumption, Nifty India Manufacturing, and Nifty Auto were also in the green.

Conversely, the Nifty IT, Nifty Media, and Nifty Private Bank sectors faced declines. Midcap and small-cap stocks were performing better compared to large-cap stocks. The Nifty Midcap 100 index rose by 221 points, or 0.36%, to 61,096, while the Nifty Smallcap 100 index increased by 88 points, or 0.46%, reaching 19,478.

Among the gainers in the Sensex pack were BEL, Eternal, Bajaj Finance, Tata Steel, UltraTech Cement, Asian Paints, NTPC, ITC, Adani Ports, Bajaj Finserv, Power Grid, Indigo, Maruti Suzuki, Kotak Mahindra Bank, Trent, and SBI. On the losing side, TCS, HCL Tech, HDFC Bank, Infosys, Tech Mahindra, ICICI Bank, Bharti Airtel, Titan, Sun Pharma, HUL, and Axis Bank were notable decliners.

Global markets displayed mixed performance. Tokyo, Bangkok, Jakarta, and Seoul were in the green, while Shanghai and Hong Kong saw declines. The US markets ended lower due to an increase in interest rates by the Federal Reserve, with the Dow Jones dropping by 1.21%.

Experts noted that the Fed’s decision to raise interest rates by 25 basis points, or 0.25%, was entirely expected. With inflation remaining high and the economy robust—evidenced by an unemployment rate of just 4.1%—there was no reason to keep interest rates stable. They further emphasized that Kevin Warsh’s stern message highlighted the persistent inflation and underscored the necessity of this action to stabilize prices.