Indian Equities Open Higher Despite Weak Global Cues; Sensex Gains 588 Points

September 15, 2026

Mumbai: Indian equity benchmarks opened higher on Tuesday despite weak global cues, with elevated US bond yields and crude oil prices continuing to weigh on global markets.

The Sensex opened at 75,369.63, gaining 587.87 points, or 0.79 per cent, while the Nifty started at 23,576.15, up 178.05 points, or 0.76 per cent.

IT Stocks Lead Market Gains

The gains were led by information technology stocks, with the Nifty IT index jumping more than 4 percent. The Nifty MidSmall IT & Telecom index also rose nearly 2 percent.

Among other sectors, Nifty FMCG gained 0.72 per cent, while Nifty Auto rose 0.31 per cent. Media, energy and private banking indices were also marginally higher.

However, Nifty Metal fell 0.58 per cent, while Nifty Financial Services Ex-Bank and Nifty MidSmall Financial Services declined 0.52 per cent and 0.5 per cent, respectively. Nifty Pharma fell 0.37 percent, while cement, healthcare, consumer durables and realty indices also traded lower.

Global Pressure, IPO Boom Support Domestic Market

Among Nifty 50 stocks, Kotak Mahindra Bank, Grasim Industries, BEL, Shriram Finance and InterGlobe Aviation were the top losers, declining between nearly 1 per cent and 1.67 per cent.

Market experts said global equity markets could remain under pressure as the US 10-year bond yield approaches the psychological 5 per cent mark, while rising crude oil prices continue to create macroeconomic concerns.

At the same time, the continuing boom in the initial public offering (IPO) market and the outperformance of the broader market were cited as positives for domestic equities.

Nifty Technical Outlook

On the Nifty’s technical outlook, experts said the pullback from the 23,260–23,000 region suggested that the index was attempting a swing higher after approaching oversold territory.

The mean-reversion move could potentially target 23,720, they said. However, failure to clear 23,515, or a direct fall below the 23,260–23,000 region, could bring the 22,600–21,800 range into focus.