NIFTY50, SENSEX today: Crude oil update, NSE listing, key things to know before markets open on September 24

The Indian equity benchmarks are set to stage a gap down opening on Thursday, September 24, as indicated by NIFTY futures traded at Gift City in Gandhinagar. GIFT NIFTY futures declined 186 points to 23,263 amid weak cues from global markets.

The SENSEX and NIFTY50 closed in positive territory on Wednesday amid a decline in global crude oil prices and buying in metal and capital market stocks.

BSE SENSEX rose by 299.17 points or 0.40% to close at 74,828.25, while the 50-share NSE NIFTY ended higher by 0.50% or 117.80 points at 23,446.80.

Asian markets

Asian shares were trading lower after crude oil spiked above $100 per barrel and 10-year bond yields in US spiked to its highest level since 2007.

China's Shanghai Composite index declined 0.6%, Hong Kong's Hang Seng dropped 0.55% while Japan's Nikkei advanced 1.55%.

Wall Street update

US stocks ended sharply lower on Wednesday after US bond yields spiked to 5.14%, back to where it was in 2007 before the global financial crisis caused yields to crater, tracking a surge in inflation amid crude oil halted its slide.

Dow Jones Industrial Average dropped 0.7%, S&P 500 index declined 0.75% and Nasdaq index fell 1.13%.

Crude oil update

Brent crude hovered around $102.5 a barrel on Thursday after gaining 4% in the previous session.

FII/DII activity

Foreign institutional investors (FIIs) bought shares worth ₹1,617.45 crore on Wednesday while domestic institutional investors bought stocks worth ₹2,341.46 crore, as per NSE data.

FIIs have so far this month sold shares worth ₹19,829 crore taking the total quantum of selling to ₹2,44,270 crore for 2026, data from NSDL showed.

Stocks to watch

The ₹22,561.57 crore initial share sale was exclusively an offer-for-sale (OFS) of up to 12.64 crore shares by existing shareholders, including State Bank of India (SBI), SBI Capital Markets, New India Assurance Company, Canada Pension Plan Investment Board, Aranda Investments (Mauritius), Bank of Baroda, Stock Holding Corporation of India, United India Insurance Company, MS Strategic (Mauritius) and General Insurance Corporation of India.

As part of wide-ranging reforms aimed at making insurance distribution more transparent and customer-centric, Irdai has issued a consultation paper on 'Recalibrating Economics of Insurance Distribution', setting out a comprehensive framework of reforms covering insurance distribution, its structure, expenses, commissions, market conduct, transparency and leveraging digital infrastructure.

Insurance Regulatory and Development Authority of India (Irdai) proposes to replace the existing complex and fragmented architecture with three broad categories of distribution entities: Insurance Distribution Entities (IDEs), Insurance Distribution Persons (IDPs) and Market Infrastructure Institutions (MIIs).

The Expense of Management (EoM) framework is proposed to be recalibrated through lower limits with a phased glide path, the paper said.

The stake sale comes a day after Allied Blenders and Distillers said in a filing that its promoter proposes to divest part of its holding to comply with minimum public shareholding norms.

According to bulk deal data on the BSE, Chhabria sold 55 lakh shares, amounting to a 1.96% stake in Mumbai-based Allied Blenders and Distillers (ABD).

The approval will enable the company to provide securities safekeeping, trade settlement, corporate action processing and regulatory reporting services to institutional clients, including alternative investment funds, portfolio managers, mutual funds, insurance companies and pension funds.