Stock markets close flat after U.S. Fed rate hike; NSE IPO in focus

Benchmark indices Sensex and Nifty closed nearly flat on Thursday (September 17, 2026) as caution prevailed after the U.S. Federal Reserve increased its interest rates and indicated further tightening in monetary policy.

Giving up intraday gains, the 30-share BSE Sensex dipped 21.86 points, or 0.03%, to settle at 74,314.59. During the day, it climbed 341.11 points, or 0.45%, to 74,677.56.

The 50-share NSE Nifty closed marginally up 53 points, or 0.23%, at 23,270.60.

Among the 30 Sensex firms, HDFC Bank, Titan, ICICI Bank, State Bank of India, Bharti Airtel and Axis Bank were the major laggards.

Tata Steel, Bharat Electronics, InterGlobe Aviation, Eternal, Maruti and Asian Paints were among the gainers.

“Indian equities ended mixed on Thursday (September 17, 2026) after a range-bound session. The Nifty edged up to 23,270, while the Sensex slipped marginally to 74,314 and Bank Nifty declined to 56,055. Selective buying supported the Nifty, but weakness in private-sector banks and IT stocks limited the broader recovery,” said Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm.

Market sentiment remained cautious after the U.S. Federal Reserve raised interest rates by 25 basis points and signalled that another increase could follow this year.

“As the decision was largely anticipated, it failed to trigger a major sell-off. However, the U.S. 10-year Treasury yield was near 5% and continued foreign selling capped domestic gains,” Mr. Radhakrishnan added.

Brent crude, the global oil benchmark, declined 1.61% to $104.1 per barrel.

The mega ₹22,569-crore initial public offering of the National Stock Exchange of India (NSE) opened for subscription on Thursday (September 17, 2026), with the issue getting subscribed 39% so far on the first day of bidding.

In Asian markets, Japan’s Nikkei 225 index ended in positive territory, while South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended lower.

Markets in Europe were trading higher. U.S. markets ended lower on Wednesday (September 16, 2026).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,032.61 crore on Wednesday (September 16), according to exchange data.

On Wednesday (September 16), the Sensex climbed 332.63 points, or 0.45%, to settle at 74,336.45. The Nifty was up 99 points, or 0.43%, to end at 23,217.60.