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📉 **Fed Rate Hike and FII Selling Weigh on Nifty; IT Drags, FMCG Leads**

Indian equities traded cautiously after the US Federal Reserve raised its benchmark interest rate by **25 basis points to 3.75%–4.00%**—its first increase since 2023—and signalled that further tightening may follow.

In early trade:

🔻 **Nifty 50:** Around 23,195, down 0.1%
🔻 **Sensex:** Around 74,183, down 0.2%
🔻 **Nifty IT:** Fell approximately 0.5%
🟢 **FMCG:** Showed defensive strength

# # # What is pressuring the market?

**1. Hawkish Federal Reserve**

Higher US interest rates and expectations of another possible increase strengthened the dollar and pushed the US 10-year Treasury yield above 5%. Higher global yields generally reduce the relative attraction of emerging-market equities.

**2. Continued FII selling**

The latest provisional institutional data showed:

🔴 FIIs sold Indian equities worth **₹2,032.61 crore**
🟢 DIIs purchased equities worth **₹3,908.23 crore**

Domestic institutional buying provided support, but persistent foreign outflows continued to limit the market’s recovery.

**3. IT stocks under pressure**

IT companies were among the major drags as investors assessed the impact of higher US borrowing costs and the possibility of slower technology spending. HCLTech was among the early laggards.

**4. FMCG offers defensive support**

Investors rotated towards FMCG and other relatively defensive businesses, which are generally considered less vulnerable to changes in global interest rates and external demand.

**5. Crude oil remains a risk**

Brent crude remained close to **$106 per barrel**. Persistently expensive oil can pressure India’s inflation, current account and currency outlook.

# # # Market outlook

Nifty may remain volatile as investors track:

• Foreign institutional flows
• US bond yields and the dollar
• Brent crude prices
• The rupee near ₹96 per dollar
• Developments surrounding the NSE IPO
• Further signals from the Federal Reserve

Domestic institutional buying and defensive sectors are providing support, but a sustainable recovery may require moderation in crude oil, bond yields and FII selling.

*Market figures are from early trading on 17 September 2026. This post is for information and education only and is not investment advice.*

https://mfs.kfintech.com/mfs/investorservices/onlinepurchase/mobilepurchaseconfirmation1.aspx?Mob=TkZP&qparam=MTExMTg1NwAA&InvDistflag=TQAA

🌟 NIFTY 50 SUPERSTAR STOCKS | 9 SEPTEMBER 2026

Positive momentum was visible across several heavyweight Nifty 50 stocks, with energy, banking, power and pharmaceutical shares featuring among the session’s leading performers.

📈 Top gainers:

• ONGC: +1.6%
• Power Grid: +1.4%
• Axis Bank: +1.35%
• Cipla: +1.2%
• SBI: +0.9%

🏦 Axis Bank traded around ₹1,255.20, gaining 1.35% during the captured market snapshot.

Institutional activity showed contrasting sentiment:

🔴 FII/FPI: Net selling of ₹583 crore
🟢 DII: Net buying of ₹1,509 crore

Domestic institutional buying comfortably absorbed foreign selling, providing underlying support to the Indian equity market.

The key question now: Can domestic liquidity sustain the momentum if foreign investors remain cautious?

Follow MarketLence.com for market updates, institutional flows, IPO insights and investment tools.

Disclaimer: This post is for informational purposes only and does not constitute investment advice. Market figures are based on the displayed snapshot and may be rounded.

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