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SENSEX and NIFTY Rise on Oil Price Drop, Axis Bank Leads Gains

On Friday 25 September, the 30‑share BSE SENSEX advanced 315.20 points or 0.43% to close at 73,895.74, while the 50‑share NSE NIFTY ended higher by 0.34% or 77.40 points at 23,140.50. The indices recovered from the day’s lows to close in positive territory amid a decline in global crude oil prices, a rise in the rupee and value buying a day after the markets recorded their worst single‑day performance in over six months. During the session, the SENSEX rallied as much as 0.5% to hit an intraday high of 73,968.05, and the NIFTY50 surged as much as 0.43% to reach a session peak of 23,162.70.

In the NIFTY50, the top gainers were Axis Bank, which rose 2.14%, Asian Paints up 1.48%, Mahindra & Mahindra 1.19%, HCL Technologies 1.13% and Coal India 0.71%. The top losers included Max Healthcare Institute, which fell 3.37%, Tata Motors PV down 2%, Trent 1.85% lower, Infosys 1.79% lower and Oil and Natural Gas Corporation 1.42% lower. These movements reflected sector‑specific dynamics and broader market sentiment on the day.

The NIFTY Midcap 100 index fell 0.14% or 84.15 points to close at 60,906.00. It was weighed down by Fortis Healthcare down 4.50%, One 97 Communications 3.54% lower, PB Fintech 3.41% lower, Multi‑Commodity Exchange 3% lower and Federal Bank 2.28% lower. On the upside, Max Financial Services gained 3.40%, Supreme Industries 3.38%, Indian Renewable Energy Development Agency 2.82%, Blue Star 2.62% and Info Edge (India) 2.52% gained, showing selective strength within mid‑cap stocks.

The NIFTY Smallcap 100 index rose 0.15% or 30.50 points to end at 19,715.25. Whirlpool of India led the gains with a 5.87% rise after clarifying it was not involved in discussions with its parent company about selling its stake. Other top gainers were Welspun Corp 4.91%, HBL Engineering 4.54%, Kaynes Technologies 4% and Castrol India 3.49%. Welspun Corp’s share surged after its US subsidiary secured a $412.5 million order for High‑Frequency Induction Welded pipes, boosting its global order book to $4.7 billion.

On the downside, Ola Electric Mobility fell 9.83%, Meesho 6.68% lower, Netweb Technologies India 2.20% lower, Inventurus Knowledge Solutions 2.19% lower and Capri Global Capital 2.18% lower, reflecting a mix of sectoral weakness and company‑specific concerns. The day’s movements underscored the influence of commodity prices, currency strength and corporate announcements on Indian equity markets.