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Hero Motors IPO Opens Today | Rupee Sees Sharpest Single-Day Drop| Top Buzzing Stocks Today Wed, 16 Sep Pre-Open
Image source: saifulasmee chede/www.istockphoto.comBenchmark indices Sensex and Nifty significantly fell from day's high to end in deep red on September 15 due to various reasons, including higher oil prices and global bond yields.
At the closing bell on Tuesday, the?BSE Sensex? closed 777 points lower (down 1%).
Meanwhile, the NSE Nifty closed 279 points lower (down 1.2%).
Stay updated with real-time market insights, click here to access our Live Blog page.
TCS, Wipro and Infosys among the top gainers.
Bharat Electronics, Indigo and Shriram Finance on the other hand, were among the top losers.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
The BSE 150 Midcap index ended 2.2% lower and the BSE 250 Smallcap index ended 2.4% lower.
Sectoral indices were trading mixed on Tuesday with stocks in IT sector and focused IT sector witnessing buying speer. Meanwhile stocks in realty and capital goods sector witnessed selling pressure.
Speaking of the stock market, Tanushree Banerjee, Research Analyst at Equitymaster, says that bottom-up stock selection in the Indian market demands a relentless focus on cash flow generation, domain expertise and balance sheet strength.
Companies that successfully monetise AI will not be those merely spending money on imported hardware.
Watch the video below to know more.
Top buzzing stocks today
Pranav Construction share price will be in focus today.
Pranav Constructions shares hit the 20% lower circuit on Tuesday after making a strong debut earlier in the day, as investors booked profits following the sharp listing gains.
The shares listed on the NSE at Rs 165, a 33% premium to the issue price of Rs 124, before falling to Rs 132, the lowest permissible trading price for the day.
The sharp correction came after the stock gained strongly on debut, highlighting high volatility and profit booking at higher levels.
Solar Industries shares will also be a top buzzing stock.
Solar Industries shares were trading 8% lower on September 15, a day after the company announced plans to acquire South Africa's Omnia Holdings for nearly Rs 13,000 crore.
The acquisition is aimed at strengthening Solar Industries' global presence in explosives and blasting solutions. The company, based in Nagpur, manufactures industrial explosives and initiating systems for the mining, infrastructure, construction, defence and space sectors.
Hero Motors IPO Opens Today
The much-awaited Hero Motors IPO opens for subscription today, 5 Sep 2026, marking the start of a three-day bidding period. The issue will remain open until 7 Sep 2026, as investors await the company's debut on the bourses.
The Rs 10,000 m Hero Motors IPO is a book-built issue comprising a fresh issue of 7.14 crore shares worth Rs 6,000 m and an offer for sale (OFS) of 4.76 crore shares worth Rs 4,000 m.
The price band has been fixed at Rs 79-Rs 84 per share, with a minimum lot size of 178 shares. At the upper end of the price band, retail investors will need to invest Rs 14,952 for one lot.
The allotment is expected to be finalised on 10 Sep 2026. Hero Motors shares are scheduled to list on both the NSE and BSE on 12 Sep 2026.
Passenger Vehicle Exports Fall 17%
India's passenger vehicle (PV) exports fell 17% year-on-year in August, even as domestic dispatches surged 36.5% as automakers increased inventory ahead of the festive season.
Domestic PV dispatches rose to a record 439,309 units in August from 321,901 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Tuesday.
In contrast, PV exports declined to 68,230 units from 82,246 units in August last year. The export data excludes Tata Motors, BMW, Mercedes-Benz, Jaguar Land Rover and Volvo, as Siam does not receive their monthly export figures.
Passenger car exports fell sharply by 51.5% to 21,181 units from 43,650 units a year earlier, driving the overall decline in PV exports.
Utility vehicle exports, however, bucked the trend, rising 23.7% to 46,400 units from 37,522 units. Van exports declined 39.6% to 649 units during the month.
Rupee Sees Sharpest Single-Day Drop
The Indian rupee fell 0.4% against the US dollar on Tuesday, recording its sharpest single-day decline in two months as rising crude oil prices and expectations of higher US interest rates weighed on the currency.
The rupee closed at 95.96 per US dollar, compared with 95.55 in the previous session, according to Reuters. During the session, the currency touched its lowest level in more than a month.
The decline came as most Asian currencies weakened against the dollar. Higher crude oil prices also raised concerns over India's import bill and inflation, adding to pressure on the rupee.
Defence Stocks Tank Up to 14%
Defence stocks across both the private and public sectors came under heavy selling pressure on Tuesday, with Solar Industries, Apollo Micro Systems, Mishra Dhatu Nigam and Data Patterns falling between 7% and 15%.
The Nifty India Defence index declined 5.42% to 9,196.75, compared with a 0.82% fall in the Nifty 50. During intraday trading, the defence index fell as much as 5.48% to 9,190.60.
The sharp decline came as investors booked profits amid selling pressure following recent corporate updates in the defence sector.
To know what's moving the Indian stock markets today, check out the most recent share market updates here
Read the latest Market Commentary
Indian Share Market Update: Top Gainers and Losers
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