Nifty Ends Higher at 23,446; Gems & Media Lead Rally
- Markets ended on a constructive note with Nifty closing at 23,446.80 (+0.51%) and Sensex at 74,828.25 (+0.40%), signaling steady buying interest.
- The Diamond, Gems and Jewellery sector was the standout performer, surging nearly 6.5%, followed closely by Media Entertainment which gained over 3%.
- Aviation was the only sector to witness selling pressure, though the decline was negligible at just -0.01%.
- Corporate news featured Piramal Finance reporting a massive 67% jump in Q1 profits, while Lemon Tree Hotels secured regulatory nods for its merger scheme.
*this image is generated using AI for illustrative purposes only.
Indian equities closed in positive territory on September 23, 2026, with the Nifty 50 gaining 117.80 points to settle at 23,446.80. The benchmark index recorded a 0.51% rise, reflecting a cautiously optimistic sentiment among traders as key sectors showed resilience.
Market Overview
The BSE Sensex mirrored the broader market's strength, ending the session 299.17 points higher at 74,828.25, a gain of 0.40%. The market displayed a bullish tone throughout the day, with buying interest concentrated in specific thematic sectors rather than broad-based participation. The closing levels indicate a steady accumulation trend despite mixed global cues.
Sectoral Performance
Sectoral divergence was evident, with niche industries outperforming while others remained flat or slightly negative. The Diamond, Gems and Jewellery sector led the charge with a significant average gain of 6.48%, followed by Media Entertainment & Publication which rose by 3.20%. On the downside, the Aviation sector was the sole laggard, recording a marginal decline of 0.01%.
| Sector | Avg Change (%) |
|---|---|
| Diamond, Gems and Jewellery | +6.48% |
| Media Entertainment & Publication | +3.20% |
| Aviation | -0.01% |
Buzzing Stocks
Corporate actions and regulatory updates dominated the news flow for several listed entities. Piramal Finance reported a robust Q1FY27 performance, with consolidated net profit rising 67% year-on-year to ₹461 crore, driven by strong AUM growth. This fundamental update likely supported investor confidence in the NBFC space.
In other developments, Lemon Tree Hotels received no-objection letters from NSE and BSE for its composite scheme involving Fleur Hotels, a step forward in its corporate restructuring plans. Meanwhile, SIS Limited continued its share repurchase program, buying back 50,000 equity shares at an average price of ₹428.32, bringing its cumulative buyback to over 18 lakh shares.
Other notable corporate updates included Indo Credit Capital Limited adopting its FY26 financials at its 33rd AGM, and Paisalo Digital seeing promoter holding adjustments following open market acquisitions and pledges. Lakhotia Polyesters (India) Limited also announced board changes and stake consolidation among group entities.
Conclusion
The session concluded with indices posting modest gains, supported heavily by the gems and media sectors. While aviation faced slight selling pressure, the overall breadth remained tilted towards the upside, capping off a constructive trading day for domestic investors.
How might the 6.48% surge in the Diamond and Gems sector influence upcoming export data and global demand forecasts for Indian jewelry manufacturers?
What are the potential regulatory hurdles or integration challenges Lemon Tree Hotels may face during the execution of its composite scheme with Fleur Hotels?
Could Piramal Finance's 67% profit growth signal a broader recovery in the NBFC sector, prompting increased institutional investment in non-banking financial companies?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
