Market Overview
The Indian equity markets concluded the trading session on Wednesday, 16 September 2026, with the Nifty 50 index settling at 23224.15, marking a gain of +105.55 points or +0.46%. The Nifty Bank index outperformed, closing at 56226.75 with an increase of +432.00 points or +0.77%. The Nifty Midcap 100 also ended in positive territory at 60962.90, up +84.65 points or +0.14%.
Corporate Developments
Shares of ITC Ltd. (ITC) gained +2.62% to close at ₹264.75. The movement followed news that the company’s arm received approval to acquire a 22.1% stake in Happiest Minds Technologies. The board of ITC Ltd. (ITC) has also green-signalled the proposed scheme of amalgamation of Happiest Minds with its subsidiary.
Top Market Movers
| Stock | Close (₹) | Change % |
|---|---|---|
| SBI Life Insurance Company Ltd. (SBILIFE) | 1700.3 | +2.79 |
| HDFC Life Insurance Company Ltd. (HDFCLIFE) | 530.2 | +2.73 |
| Tata Consultancy Services Ltd. (TCS) | 2183 | −3.02 |
| Wipro Ltd. (WIPRO) | 166.38 | −2.13 |
Institutional Activity
In the previous session on 15 September 2026, Foreign Institutional Investors (FII) were net sellers at ₹2977.86 crore, while Domestic Institutional Investors (DII) were net buyers at ₹2686.05 crore.