SGX Nifty September 2026 futures increased by 20 points, suggesting a slightly optimistic opening for the Nifty 50.

India is set to host the 18th BRICS Summit on September 12-13:

India has taken on the BRICS presidency for 2026, marking its fourth term following those in 2012, 2016, and 2021. The country will host the 18th BRICS Summit in New Delhi on 12-13 September 2026, centred around the theme “Building for Resilience, Innovation, Cooperation and Sustainability.” Throughout its chairship, over 350 meetings and high-level engagements have taken place across 25 Indian cities, concentrating on practical cooperation in sectors such as agriculture, healthcare, digital technology, energy, urban infrastructure, MSMEs, startups, logistics, global value chains, and customs. Key initiatives encompass the BRICS Startup Innovation Fund, MSME Cooperation Portal, Digital Agriculture Network, Smart Grids and Energy Storage platform, Urban Mobility Hub, and Logistics Supply-Chain Cooperation Framework.

NSE is set to launch an IPO valued at Rs 22,569 crore on 17 September:

NSE will initiate its IPO for subscription from 17 September to 21 September 2026, with anchor bidding commencing on 16 September. The price band is established at Rs 1,700-1,785 per share, accompanied by a lot size of 8 shares and a minimum retail investment requirement of Rs 14,280. The IPO represents a complete offer for sale of 12,64,36,650 shares by current shareholders. At the upper price band, the issue size stands at Rs 22,568.94 crore, which is lower than the previously intended amount of approximately Rs 30,000 crore following the reduction of the proposed OFS. Eligible NSE employees will benefit from a discount of Rs 170 per share. Allotment is anticipated on 22 September, with the listing projected for 24 September. SBI has reduced its proposed OFS to approximately 1.60 crore shares from 2.47 crore, while Morgan Stanley Strategic (Mauritius) has decreased its offer to 1.1 crore shares from 1.6 crore.

Institutional Flows:

On 10 September 2026, provisional data indicates that foreign portfolio investors divested shares amounting to Rs 438.24 crore, whereas domestic institutional investors engaged in net purchases totalling Rs 1,025.85 crore within the Indian equity market. Foreign Portfolio Investors divested shares amounting to Rs 14,247.69 crore in September up to the 10th of the month in 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026.

Global Markets:

The US Dow Jones index futures increased by 107 points, indicating a potential rise in US stock prices at the opening on Friday. However, the broader global market backdrop remained cautious as investors assessed surging crude oil prices, rising bond yields, and the risk of further monetary tightening. Asian shares experienced significant selling pressure in early trade, with Japan’s Nikkei 225 and South Korea’s Kospi ranking among the largest decliners. Weakness was also observed in other regional markets as investors responded to the recent escalation in the Middle East and the consequent surge in energy prices. Japan’s wholesale inflation increased by 7.6% in August compared to the same month last year, according to data from the Bank of Japan. It followed a revised 7.7% gain in July. Brent crude was trading around $108.35 a barrel, down 0.54%, following a notable increase of 5.9% on Thursday, which resulted in a settlement at $107.63.

The increase in crude prices has heightened apprehensions that a sustained conflict may maintain elevated levels of global inflation. The recent escalation has heightened apprehensions regarding shipping along critical Middle Eastern and Red Sea routes, further contributing to the uncertainty surrounding the availability and pricing of crude supplies. US stocks experienced a decline for the fourth consecutive session on Thursday. The Dow Jones Industrial Average experienced a decrease of 316.56 points, representing a decline of 0.60%, settling at 52,064.10. Meanwhile, the S&P 500 saw a reduction of 0.58%, closing at 7,591.70, and the Nasdaq Composite fell by 0.65%, ending at 26,081.72. The four-session losing streak of the S&P 500 occurred as investors reevaluated the prospects for inflation and interest rates in light of the recent spike in oil prices. The decline in equities was matched by a significant increase in US Treasury yields. The 10-year yield approached 5%, attaining levels not observed since 2023, while the 30-year yield similarly ascended to a multi-year peak.

Higher yields elevate borrowing costs and may exert pressure on equity valuations, especially for interest-rate-sensitive and growth stocks Investors are currently analysing the most recent inflation data from the United States. The Producer Price Index for final demand experienced a month-on-month increase of 0.4% in August, with prices rising 5.4% compared to the same month last year. Energy prices played a significant role, as final-demand energy prices increased by 4.2% in August, while diesel prices surged by 24.1%. Attention now shifts to the US Consumer Price Index for August, scheduled for release later on Friday. The CPI will be closely monitored in anticipation of the Federal Reserve’s meeting on September 15-16, as policymakers evaluate the extent to which rising energy prices are influencing overall inflation. Markets are currently assigning an approximate 70-71% likelihood to a 25-basis-point increase in the Federal Reserve’s interest rate in the upcoming week, as indicated by CME FedWatch data.

Domestic Market:

The domestic equity benchmarks exhibited a late recovery on Thursday, effectively ending a three-session losing streak. Purchasing in the closing auction enabled the Nifty and Sensex to mitigate the losses experienced during the regular trading session. The recovery occurred despite a challenging global backdrop, with Brent crude remaining above $100 a barrel amid escalating tensions in the Middle East. Rising crude prices have heightened worries regarding inflation, corporate margins, and India’s external balance, while persistently high US Treasury yields have further strained global risk assets. The S&P BSE Sensex advanced 138.36 points or 0.19% to 74,902.59. The Nifty 50 index experienced an increase of 46.30 points, reflecting a growth of 0.20%, reaching a level of 23,477.80. In the last three consecutive sessions, the Sensex and Nifty experienced declines of 2.29% and 1.95%, respectively.