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Key gauges end in deep red amid surging oil prices
Sep-15-2026

Indian equity benchmarks sharply reversed all morning gains to close in the deep red on Tuesday as elevated crude oil prices and rising global bond yields pressured Indian equities ahead of this week’s US Federal Reserve meeting. Continued foreign outflows also added pressure to Indian equities. Foreign institutional investors (FIIs) remained net sellers, offloading equities worth Rs 930.90 crore on Friday. 

Benchmark indices Sensex and Nifty tumbled over a percent each amid broad-based selling in heavyweight stocks. Capital Goods, Realty and Industrials stocks came under heavy selling pressure, dragging the headline indices lower. In contrast, IT and TECK stocks bucked the broader market trend. 

Some of the important factors in trade: 

Retail inflation based on CPI jumps to 4.82% in August amid higher food prices: Retail inflation, measured by the All India Consumer Price Index (CPI) with the base year 2024, rose to 4.82% (Provisional) in August 2026 from 4.45% (Final) in July 2026, largely driven by higher food prices. 

India’s WPI inflation climbs to 9.92% in August amid firm food, fuel, manufacturing prices: India's wholesale price index (WPI) inflation rose in the month of August 2026 to 9.92 per cent, as compared to 9.78 per cent in July 2026, on rising prices of food, manufactured items, and fuel and power. 

India, Canada start fourth round of negotiations for proposed CEPA: With an aim to strengthen bi-lateral relations, India and Canada have started fourth round of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA), as the two sides look to conclude the talks this year. 

India, Vietnam to jointly produce military hardware, deepen bilateral trade: Deepening their mutual ties, India and Vietnam have agreed to boost their defence ties through joint production of military hardware and decided to expand bilateral trade by building stronger supply chains and widening market access for Indian marine and agricultural products and pharmaceuticals.

Auto stocks remain in watch: The industry body -- Society of Indian Automobile Manufacturers (SIAM) has said that domestic passenger vehicle dispatches from companies to dealers grew 36.5 per cent year-on-year to 4,39,309 units in August 2026 as compared to passenger vehicle dispatches of 3,21,901 units in August 2025. 

Global front: European markets were trading lower as investors awaited cues from this week's Fed, Bank of England and Bank of Japan policy meetings. Asian markets ended lower amid heightened Middle East tensions and concerns over the pace of artificial intelligence development.

Finally, the BSE Sensex fell 777.94 points or 1.04% to 74,003.82 and the CNX Nifty was down by 279.50 points or 1.19% to 23,118.60.     

The BSE Sensex touched high and low of 75,436.44 and 73,994.03, respectively. There were 7 stocks advancing against 23 stocks declining on the index.            

The few gaining sectoral indices on the BSE were IT up by 1.87% and TECK up by 1.06%, while Capital Goods down by 4.19%, Realty down by 3.93%, Industrials down by 3.57%, Power down by 2.80% and Basic Materials down by 2.73% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 4.38%, Infosys up by 3.92%, TCS up by 3.09%, Tech Mahindra up by 2.76% and HDFC Bank up by 1.19%. On the flip side, Bharat Electronics down by 4.61%, Interglobe Aviation down by 3.88%, Bajaj Finserv down by 2.99%, State Bank of India down by 2.59% and Bajaj Finance down by 2.54% were the top losers.

Meanwhile, India's wholesale price index (WPI) inflation rose in the month of August 2026 to 9.92 per cent, as compared to 9.78 per cent in July 2026, on rising prices of food, manufactured items, and fuel and power. The index for All Commodities for August 2026 also increased to 110.8, from 110.0 in July 2026.

Year-on-year inflation in the major WPI groups showed a mixed trend in August 2026. Inflation in Primary Articles eased to 7.76 per cent from 8.52 per cent in July, while Fuel and Power inflation rose to 22.93 per cent from 20.05 per cent. Inflation in Manufactured Products edged up to 8.37 per cent from 8.29 per cent during the same period. The corresponding indices stood at 118.1, 108.3 and 108.8 in August, compared with 117.2, 105.4 and 108.4 in July.

Further, WPI Food Index, consists of ‘Food Articles’ from Primary Articles major group, and ‘Manufacture of Food Products’ from Manufactured Products major group, observed a YoY inflation of 7.05 per cent in August 2026, compared to 6.65 per cent in July 2026.

Meanwhile, all India Output PPI for All Commodities for August 2026 stood at 110.8, whereas it was 109.9 in July 2026. Output PPIs for Agriculture, Forestry and Fishing; Mining and Quarrying; Manufactured Products; and Electricity were 116.5, 122.0, 109.7, and 90.9, respectively, in August 2026, whereas those were 115.6, 119.4, 108.8, and 92.4, respectively, in July 2026.

CNX Nifty touched high and low of 23,592.85 and 23,118.60, respectively. There were 10 stocks advancing against 40 stocks declining on the index. 

The top gainers on Nifty were HCL Technologies up by 3.95%, Infosys up by 3.79%, TCS up by 2.28%, Tech Mahindra up by 2.26% and Wipro up by 1.55%. On the flip side, Bharat Electronics down by 5.30%, Shriram Finance down by 4.74%, Adani Enterprises down by 4.29%, Interglobe Aviation down by 3.96% and Grasim Industries down by 3.38% were the top losers. 

European markets were trading lower; UK’s FTSE 100 decreased 23.22 points or 0.22% to 10,674.35, France’s CAC fell 22.08 points or 0.27% to 8,095.70 and Germany’s DAX lost 16.11 points or 0.06% to 25,424.70.

Asian markets ended lower on Tuesday as investors remained cautious ahead of Wednesday's Federal Reserve policy meeting and Friday's Bank of Japan rate decision. Further, market risk sentiment remained subdued as Brent crude prices stayed above $107 per barrel amid heightened Middle East tensions. Besides, rising global bond yields, and concerns over the pace of AI development have kept traders on edge. Chinese markets declined after the release of weak economic activity data for August, which showed slowing retail sales and a deepening slump in fixed-asset investment.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,864.28

-21.05

-0.54

Hang Seng

24,667.24

-250.36

-1.00

Jakarta Composite

6,461.15

-73.54

-1.14

KLSE Composite

1,679.21

-18.80

-1.11

Nikkei 225

63,484.10

-8.89

-0.01

Straits Times

5,638.64

-79.38

-1.39

KOSPI Composite

6,627.26

-57.11

-0.85

Taiwan Weighted

45,511.49

-351.03

-0.77
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