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Below the Quote on Daily Market Commentary for September 11th 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equities are likely to remain under pressure. Brent crude has crossed the US$100/bbl mark and surged towards US$110/bbl, with intensifying West Asian tensions raising concerns over supply disruptions. Rising crude prices have pushed global bond yields higher, with the US 10-year Treasury yield approaching 5%, increasing pressure on equity valuations and raising expectations of a more hawkish Fed stance. The rupee depreciated to Rs95.6/US$, while persistent FII selling added to the pressure. On Friday, the Nifty 50 declined 0.3% to 23,389, after falling as much as 1% to an intraday low of 23,231, with value buying helping pare losses. The index declined 2.1% over the week. Midcap 100 and Smallcap 100 declined 0.3% and 0.6%, respectively. Private Banks outperformed gaining 0.5%, while Realty was among the key laggards, with the Nifty Realty index declining sharply and hitting a more than two-month low, led by Godrej Properties and Lodha, amid the broader risk-off sentiment and rising bond yields. Banking operations were impacted by a nationwide strike by bank unions demanding a five-day workweek and changes to the PLI scheme, with further strikes scheduled later this month and from October 26. In the primary market, the NSE announced a price band of Rs1,700–1,785 per share for its IPO, which will open for subscription on September 17, with the issue expected to raise around Rs22,662 crore. Investors will focus next week on India’s August CPI and WPI inflation, the US Fed policy decision next week, US retail sales and industrial production, with crude prices, the rupee and global yields remaining key market monitorable.

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