NSE Nifty 50 closed at 23,431.50 after declining 0.86% on Wednesday
Indian equity markets fell under pressure as the NSE Nifty 50 dropped below its recent swing low, with the India VIX rising 6.81%. Meanwhile, Reliance Industries received credit-rating letters from CARE Ratings and CRISIL.
Indian benchmark indices witnessed a downward trend on Wednesday, September 9, as geopolitical tensions drove investors to sell shares. The NSE Nifty 50 fell 0.86% to close at 23,431.50, while the BSE Sensex dropped 1.08% to 74,764.2. Technical analysis indicated a decline in sentiment; the Nifty slipped below its previous swing low on the daily chart and the RSI moved into oversold territory. Senior technical analyst Rupak De from LKP Securities noted that the current trend remains weak. He warned that a drop below 23,400 might cause further correction, whereas holding above 23,500 could potentially signal recovery beginning Thursday. The India VIX measure of market fear increased 6.81% to settle at 11.92. Foreign portfolio investors net sold shares worth Rs 583 crore, though domestic institutional investors added Rs 1,509 crore. Despite the general selling pressure, Reliance Industries informed exchanges it received credit-rating letters from CARE Ratings and CRISIL on September 9, 2026. CARE Ratings assigned CARE AAA/Stable, and CRISIL assigned CRISIL AAA/Stable. Railway stocks also gained attention following Cabinet approval for five Ministry of Railways projects totaling ₹10,021 crore.
