Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
Markets Today
Nifty opened with a big 208-point gap down at 23,270, tracking weak global cues as Brent crude surged to $107 per barrel, triggering a sell-off in global equities and a sharp rise in bond yields. The index remained under pressure immediately after the open, slipping towards 23,250 and hovering near the lows through the first half hour. A gradual recovery followed, taking Nifty towards 23,300 by 10:30 AM, before another brief dip towards 23,270.
Buying then picked up sharply around 11 AM, pushing the index above 23,340, after which it remained largely range-bound between 23,325 and 23,355 through the rest of the first half.
The second half initially remained choppy, with Nifty continuing to oscillate around 23,330–23,355. However, momentum picked up sharply around 2 PM as oil prices fell on reports of efforts to reach a temporary Iran-US deal. The index jumped above 23,400 and briefly touched 23,440.
Nifty managed to hold most of this recovery through the final hour, trading largely in the 23,410–23,440 range. Some gains were given up towards the close, with the index eventually settling at 23,398.10, recovering nearly 160 points from the day’s low but still ending around 80 points below the previous close.
Global Markets
Market Breadth
52 Week Highs & Lows
Sectoral Indices Performance
Winners & Losers
Most Active Stocks
Commodities
Cross-Asset drawdowns
FII / DII Flows
Here’s the trend of FII-DII activity from the last 5 days:
Thematic Indices
Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 15th September:
The maximum Call Open Interest (OI) is observed at 23,800, followed by 23,700, indicating potential resistance at the 23,600- 23,700 levels.
The maximum Put Open Interest (OI) is observed at 23,300, followed by 23,000, suggesting support at 23,200-23,100.
Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.
Source: Sensibull
Top Stories in India
National Stock Exchange has set a ₹1,700–₹1,785 per share price band for its ₹22,569 crore IPO, which will open on September 17 and close on September 21. The offering is set to become India’s second-largest IPO, behind Hyundai Motor India’s ₹27,870 crore issue in 2024. Dive deeper
Indian government bonds fell sharply, pushing the benchmark 10-year yield above 7% for the first time in more than three months, with the 6.94% 2036 bond yield touching 7.0226%. The sell-off was driven by surging oil prices and rising U.S. Treasury yields, as investors increasingly expect tighter monetary policy across major economies. Dive deeper
India’s forex reserves surged by a record $44.9 billion to an all-time high of $785.71 billion in the week ended September 4, after rising $11.47 billion in the previous week. The jump was driven by foreign currency assets, which increased by $47.50 billion to $648.17 billion, largely reflecting inflows from the RBI’s special forex swap facility. Dive deeper
The government has notified new e-commerce rules effective January 1, 2027, requiring platforms to show the previous price alongside discounts, clearly label sponsored listings and prevent manipulation of search results. The rules also tighten requirements around dark patterns, seller disclosures, consumer data, and grievance handling. Dive deeper
Glenmark Pharmaceuticals’ wholly owned subsidiary launched its RYALTRIS nasal spray in Brazil following regulatory approval earlier this year. The treatment, aimed at moderate-to-severe allergic rhinitis in people aged 12 and above, is Brazil’s first intranasal combination therapy containing olopatadine. The potential market is significant, with allergic rhinitis affecting an estimated 40–60 million people in Brazil. Dive deeper
Top Stories Globally
Brent crude slipped below $105 per barrel but remained nearly 9% higher for the week, as markets weighed continued Middle East fighting against diplomatic efforts to ease tensions around the Strait of Hormuz. Meanwhile, the IEA forecast global oil demand to fall by 2.5 million barrels per day in 2026, the biggest annual decline since the COVID-19 pandemic, as elevated fuel prices and tighter supplies hit consumption. Dive deeper
The U.S. 10-year Treasury yield climbed towards the closely watched 5% level, as the global bond sell-off intensified amid oil prices well above $100 and growing expectations of a near-term Fed rate hike. Bond yields across major markets from Japan and Australia to the U.S. and Europe have reached multi-year or multi-decade highs, as investors price in further monetary tightening to contain energy-driven inflation. Dive deeper
Eight Chinese state-owned banks and insurers plan to raise up to $54 billion from shareholders to strengthen their capital positions. Five state insurers will receive up to 70 billion yuan ($10.4 billion) from China’s Ministry of Finance, funded through special government bonds, marking the first use of such bonds to recapitalise Chinese insurers. Dive deeper
U.S. investors pulled a net $32.27 billion from equity funds in the week through September 9, the largest weekly outflow since December 2025, as the Iran war pushed oil prices higher and intensified concerns over inflation and borrowing costs. Despite the equity sell-off, investors moved $22.26 billion into money-market funds, while bond funds continued to attract inflows. Dive deeper
Oracle shares rose 6% pre-market after its first-quarter revenue backlog jumped by $26 billion to $664 billion, reinforcing expectations of strong cloud growth from its AI data-centre expansion. Oracle expects roughly half of the backlog to convert into revenue within 36 months, while saying much of the new capacity can be funded through customer prepayments and client-supplied chips, reducing its own capital requirements. Dive deeper
Management Chatter
In this section, we highlight interesting comments from management at major companies and from policymakers in the Indian and Global Economies.
Rohit Jain, Deputy Governor, RBI, sees the current technological wave as fundamentally different from earlier ones:
“Artificial intelligence is not only helping us process information faster; it is increasingly helping us interpret information, identify patterns, make predictions and support decisions. In that sense, AI is beginning to augment something especially consequential for finance: human judgment.” - Link
Corporate Actions & Events
September 15 — India CPI Inflation
A key input for interest-rate expectations, bond yields, and equity valuations.September 15 — India WPI Inflation
Another important reading on domestic price pressures.September 16 — US Federal Reserve policy decision
The rate decision could move US yields, the dollar, and global risk appetite.September 16 — UK Inflation
Important for expectations around Bank of England policy.September 17 — Euro area Inflation (Final)
A key input for European rate expectations.September 17 — Bank of England policy decision
Could influence UK rates, sterling and broader global markets.September 18 — Bank of Japan policy decision
Worth watching for its impact on Japanese yields, the yen and global liquidity.
Corporate Actions
Published by Zerodha. Not investment advice. Data from NSE, BSE, and MCX.
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