Stocks to Watch, Nifty Outlook, IPOs and Key Market News

The Indian stock market enters Thursday, September 24, 2026, with investors tracking a mix of global cues, crude oil prices, foreign fund flows, corporate developments, IPO activity and important stock-specific news.

The Nifty 50 has reclaimed the 23,400 mark, while the Sensex recently gained around 300 points. Metals, real estate and selected capital-market stocks have shown strength. At the same time, the market remains sensitive to elevated crude prices, the rupee near ₹96 against the US dollar and continued foreign institutional selling during much of September.

Here are the major Indian stock market developments investors should track today.

Indian Stock Market Today: Key Points

• Nifty 50 has reclaimed 23,400, while immediate resistance remains around 23,500–23,600.
• Sensex recently gained about 300 points as metals and realty stocks led the rebound.
• FIIs bought ₹1,617 crore of Indian equities on September 23, while DIIs bought ₹2,341 crore.
• Brent crude remains a major market factor, particularly for airlines, oil marketing companies, paints and tyre stocks.
• NSE shares are set to begin trading on the Metropolitan Stock Exchange of India.
• Ola Electric will consider a proposed rights issue on September 28.
• Whirlpool of India shares hit the upper circuit following reports that its promoter may sell its entire stake.
• Meesho witnessed a large block transaction worth about ₹900 crore.
• Moneyview’s ₹1,092-crore IPO opens today.
• A-One Steels India IPO also opens on September 24 after raising ₹121 crore through its anchor book.
• Several stocks, including Meesho, Bharat Dynamics, Max Estates, Welspun Living and Sedemac Mechatronics, are in focus.

Nifty Outlook: 23,500–23,600 Remains Key Zone

The technical setup remains important for traders. Market commentary in the supplied updates identifies the 23,500–23,600 area as a critical hurdle for the Nifty 50. Immediate support is seen around 23,300, followed by the 23,100–23,000 zone.

Another technical update notes that bullish momentum has improved, with the VIX falling to an eight-month low and the 20-day exponential moving average emerging as an important level for Bank Nifty.

What traders should watch

• Resistance: 23,500–23,600
• Immediate support: 23,300
• Major support: 23,100–23,000
• Market tone: Consolidation with a negative bias below the key resistance zone

The market therefore enters the session with both positive and cautious signals. A sustained move above the resistance area would be closely watched, while failure to hold support could keep volatility elevated.

FIIs and DIIs: Institutional Flows Improve

Foreign institutional investors turned buyers on September 23, purchasing Indian equities worth ₹1,617 crore. Domestic institutional investors were also buyers, with purchases of ₹2,341 crore.

However, the broader September trend remains important. The supplied market data says FIIs were net sellers in 13 of the first 15 trading sessions of the month, with only two net-buying sessions.

This makes daily institutional-flow data an important indicator for traders tracking whether the recent market rebound can sustain.

Stocks to Watch Today: September 24

Several stocks and companies are likely to remain in focus because of corporate announcements, deals, IPO activity and other developments. The day’s watchlist includes NSE, SpectraA Technology Solutions, Sonaselection India, Meesho, Sedemac Mechatronics, Welspun Living, Bharat Dynamics and Max Estates.

Other names mentioned in the September 24 market updates include Rainbow Children’s Medicare, Exide Industries, Avantel, Texmaco Infrastructure and Holdings, Allied Blenders and Distillers and Escorts Kubota.

NSE Shares in Focus

NSE remains one of the major market-related developments today. The supplied update says NSE shares are scheduled to trade on the Metropolitan Stock Exchange of India from September 24.

The NSE update also provides scale-related information, stating that as of June 2026, the exchange had 132.4 million unique registered investors, 1,328 trading members and 3,005 listed entities, with the market capitalisation of listed companies around ₹474.1 trillion.

Meesho Block Deal Worth Around ₹900 Crore

Meesho is another major stock in focus after RPS WOS II LLC, also known as RPS Ventures, sold approximately 3.86 crore shares, representing about 0.9% of the company, through multiple block deals.

The shares were sold at ₹233 each, with the transactions aggregating to approximately ₹900 crore. The Government of Singapore was reported as the largest buyer.

Block deals of this size can attract significant attention because investors closely monitor changes in institutional ownership and large shareholder activity.

Ola Electric: Rights Issue Proposal

Ola Electric is in focus after announcing that its Board of Directors will meet on September 28, 2026, to consider a proposal to raise funds through a rights issue of equity shares.

The stock has also been among the actively traded names, with the supplied market updates reporting a sharp rise and a substantial gain over the previous six months.

Investors will now focus on the size, pricing and structure of the proposed rights issue if and when the board approves the fundraising plan.

Whirlpool of India Shares Hit Upper Circuit

Whirlpool of India is another stock attracting attention. Reports cited in the supplied headlines said the company’s promoter is set to sell its entire stake. Following the report, the shares hit the 20% upper circuit.

The development is particularly significant because a complete promoter stake sale can materially change the company’s ownership structure. Investors will be watching for official disclosures and further details regarding the proposed transaction.

Voltas Shares Rise After Analyst Meetings

Voltas shares gained around 2.5% after Jefferies and HSBC maintained a positive view following an analyst meeting. The supplied research updates also include a separate “Accumulate” recommendation with a target of ₹1,258 from Prabhudas Lilladher.

These brokerage views may keep Voltas on the radar, particularly as investors assess the company’s business outlook and the broader consumer-durables market.

Bajaj Finance, IDFC First Bank in Focus

Bajaj Finance shares gained around 3% after UBS changed its stance to “neutral” while raising its target price, according to the supplied market headline.

IDFC First Bank is also in focus because Motilal Oswal has published differing research calls in the supplied updates, including a “Neutral” view with a ₹1,170 target and an earlier “Buy” call with a ₹105 target.

Because brokerage reports can differ in methodology and valuation assumptions, investors should consider the underlying estimates rather than relying only on the headline recommendation.

Oil Prices Remain a Major Market Driver

Crude oil remains one of the biggest variables for Indian equities. The supplied updates report Brent crude trading above $100, with crude-sensitive sectors including airlines, oil marketing companies, paints and tyre stocks coming under pressure.

At the same time, upstream oil producers such as ONGC and Oil India have benefited from higher crude prices. ONGC and Oil India shares were reported to have gained as Brent crude remained above $100.

Another report highlighted the pressure on oil marketing companies, estimating that OMCs were losing around ₹530 crore per day amid the crude-price surge while retail fuel prices remained steady.

This creates an important sectoral divergence: higher crude prices can support upstream producers while increasing cost pressure for fuel-sensitive businesses.

Steel Stocks in Focus

Steel stocks remain on the radar after recent strength in steel prices. Tata Steel, JSW Steel and Jindal Steel were retained as “Buy” names by Nomura in the supplied research update.

Motilal Oswal also issued a “Buy” call on Tata Steel with a ₹220 target, according to the supplied headline.

Welspun Corp is another stock in focus after its unit reportedly secured a Saudi Aramco order worth around ₹2,000 crore. The stock was reported to have gained as much as 5%, while its year-to-date rise was cited at around 240%.

Optiemus Infracom: Screen Protector Capacity Expansion

Optiemus Infracom has extended its recent rally after announcing plans to expand screen-protector manufacturing capacity to around 2 crore units.

The development comes ahead of mandatory BIS norms for smartphone screen protectors scheduled to take effect from April 1, 2027. The shares had hit the 20% upper circuit in an earlier session and were subsequently reported to have extended their rally.

Realty Stocks Continue to Attract Attention

Real estate stocks have remained strong during the recent market rebound.

Puravankara has entered the NCR market with a Greater Noida project having an estimated gross development value of ₹5,200 crore. The company was also reported to have secured a land parcel in Greater Noida with the same potential GDV.

Max Estates has informed the market that it plans to enter into a Joint Development Agreement for a 9.76-acre land parcel in Indirapuram, Ghaziabad.

Embassy Developments also gained attention after signing a ₹711-crore deal relating to a residential tower in Juhu.

IPO Market: Moneyview and A-One Steels Open Today

The primary market remains active.

Moneyview IPO

Moneyview’s IPO opens for public subscription on September 24 and closes on September 28. The price band has been set at ₹32–₹34 per share, with the issue size reported at ₹1,092 crore.

The company also raised more than ₹327 crore through its anchor book ahead of the IPO.

A-One Steels India IPO

A-One Steels India has launched a ₹405-crore IPO comprising a fresh issue worth ₹355 crore and an offer-for-sale component of ₹50 crore by promoters. The company reportedly mobilised ₹121 crore through its anchor book before the issue opened.

Investors are also tracking other ongoing IPOs, including Elevate Campuses, Varmora Granito, ArMee Infotech, Swastika Infra and Adroit Industries.

Other Important Corporate Developments

NTPC

NTPC paid a final dividend of ₹3,394 crore for FY26, taking its total payout to ₹8,727 crore.

ONGC

ONGC reported a gas discovery near the Odisha coast in the Mahanadi deepwater basin, keeping the energy exploration theme in focus.

JSW Group

JSW Group has entered the electric commercial vehicle market through Ampstar and plans to invest ₹2,500 crore, according to the supplied update.

Bharat Dynamics

Bharat Dynamics remains on the September 24 stocks-to-watch list, keeping defence stocks in focus alongside the broader defence manufacturing theme.

Indian Railways

Indian Railways has commissioned Kavach 4.0, described in the supplied update as an improvement over Version 3.2, with enhanced train positioning, signal information, communication and system integration.

Global Cues for Indian Markets

Global markets remain mixed, while US bond yields and the dollar are important variables for emerging-market investors.

The supplied updates report the US 10-year Treasury yield at 5.05%, described as its highest level since July 2007. The US dollar index also crossed above the 100 mark and reached a seven-week high.
Higher US yields and a stronger dollar can remain important considerations for foreign portfolio flows into emerging markets, including India.

Rupee Outlook

The Indian rupee remains under pressure against the US dollar. The currency was reported to have closed at ₹95.74 per dollar and later opened around ₹95.56.

The combination of a strong US dollar, elevated crude prices and foreign portfolio flows will remain important for the rupee and Indian equities.

Indian Market Outlook for September 24

The Indian stock market begins September 24 with a combination of positive domestic momentum and external risks.

The recent rebound in the Nifty, buying by domestic institutions, strength in metals and real estate, and easing oil prices in the latest opening cues provide supportive factors. However, elevated crude prices, a strong dollar, high US Treasury yields and the broader September FII selling trend remain important risks.

For traders, the 23,500–23,600 zone on the Nifty remains an important level to monitor, while 23,300 and 23,100–23,000 are the key support areas highlighted in the supplied technical outlook.

Key things to watch today

• Nifty’s movement around 23,400–23,500
• Resistance near 23,500–23,600
• FII and DII cash-market flows
• Brent crude and energy-sensitive stocks
• Rupee movement near ₹96 per US dollar
• NSE share trading developments
• Meesho block-deal activity
• Ola Electric rights-issue developments
• Whirlpool of India promoter stake-sale developments
• Moneyview and A-One Steels IPO subscription
• Metals and real estate sector momentum
• US Treasury yields and dollar strength

Bottom Line

Indian equities have entered September 24 on a stronger note after the recent rebound, but the market remains highly sensitive to global factors. Nifty’s ability to sustain above key technical levels, institutional fund flows, crude oil prices and the rupee’s movement are likely to remain central to today’s trading session.

At the stock level, NSE, Meesho, Ola Electric, Whirlpool of India, Voltas, Bajaj Finance, IDFC First Bank, Optiemus Infracom, Tata Steel, Welspun Corp, Max Estates, Puravankara and Bharat Dynamics are among the names investors are likely to monitor closely.

Investors should verify company filings and exchange disclosures before making trading or investment decisions, particularly where news reports, analyst views or proposed corporate actions are involved.