Paytm, Orient Tech, Milky Mist among buzzing stocks as SENSEX drops over 400 pts; NIFTY trades below 23,400

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the red zone during the afternoon session on Friday, September 11, amid weak global cues as crude oil prices surged. Furthermore, rising US bond yields also dampened investor sentiment.

The SENSEX tumbled as much as 1% to hit an intraday low of 74,160.16. Meanwhile, the NIFTY50 slumped as much as 1.05% to touch the session’s low of 23,231.40.

At 1:21 PM, the S&P BSE SENSEX declined by 416.06 points, or 0.56%, to trade at 74,486.53, while NSE’s NIFTY50 stood at 23,330.65, reflecting a 147.15-point, or 0.63% fall.

The top losers in the NIFTY50 index included JSW Steel, Hindalco Industries, Tata Steel, Bajaj Finserv and Adani Enterprises.

On the contrary, the top gainers were Dr. Reddy's Laboratories, Tech Mahindra, HCL Technologies, Tata Motors PV and Wipro.

Buzzing stocks on September 11: Check list

Shares of sugar manufacturing companies such as Balrampur Chini, EID Parry, Triveni Engineering, Shree Renuka Sugars, Bajaj Hindusthan, Dalmia Sugar, Dhampur Sugar, Sakthi Sugars and Rana Sugar among others were trading lower on Friday, September 11.

A report suggested that the central government has directed all sugar mills to clear sold sugar stock from their premises within seven days and to sell only to dealers registered on the DFPD portal with effect from September 15, 2026, the Directorate of Sugar & Vegetable Oils (DSVO) said in a circular.

No sugar mill can retain stock in its premises for more than seven days after sale to any dealer, agent or bulk consumer, except in circumstances beyond its control. This instruction will remain in force until November 30, 2026, and mills have been directed to maintain a register recording sale and dispatch, ChiniMandi.com, a news portal which caters to the sugar industry, reported, citing a government circular.

Oil-sensitive stocks like Reliance Industries, Hindustan Petroleum, Bharat Petroleum, InterGlobe Aviation (IndiGo), and Asian Paints, among several others, tumbled after the opening bell on Friday, September 11, as global crude oil prices hit a 17-week high near $110 per barrel (bbl).

With elevated crude oil prices in the market, oil downstream companies like OMC stocks, aviation stocks, tyre stocks, and paint stocks, among other oil-sensitive stocks, were witnessing selling pressure in the market.

Oil upstream companies like ONGC and Oil India were gaining in Friday’s market as these energy producers benefit from selling their production at higher costs amid elevated prices.

Shares of Milky Mist jumped as much as 5% to hit the upper circuit as well as a record-high level of ₹292.77 apiece on the National Stock Exchange (NSE) on Friday, September 11, after the company commissioned a new manufacturing plant in Tamil Nadu.

Built with an investment of approximately ₹40 crore, the new plant has a processing capacity of up to 150 tonnes per day. “The expansion with latest technology significantly strengthens Milky Mist’s ability to scale its high-protein portfolio and respond to the growing consumer preference for convenient, protein-rich food products,” the company said in a regulatory filing.

The new facility will use ultrafiltration technology for the manufacture of Skyr and Greek Yogurt.

The stock of Orient Technologies rallied as much as 16.6% to hit an intraday high of ₹274.50 per equity share on the NSE on Friday, as the company said that it is expanding its cybersecurity business following the signing of a $3.15 million, three-year contract with Securonix.

According to a regulatory filing dated September 10, the firm said that it has also planned additional investments as the business scales, taking the investment to approximately $5 million over the course of the expansion.

Under the strengthened relationship, Orient Tech will take on an expanded mandate as Securonix's exclusive Value-Added Distributor (VAD) and joint go-to-market partner in India, while building capabilities across implementation, professional services, technical support, managed security and security operations centre (SOC) enablement.

Shares of HDFC Bank declined as much as 1.7% to hit a 52-week low of ₹681.90 apiece on the NSE, despite the lender winning legal cases in Bahrain related to Credit Suisse’s Additional Tier 1 (AT-1) bonds.

The favourable rulings are significant for HDFC Bank as the lender had invested in these securities, which were subsequently written off. The development comes amid the bank’s broader efforts to address issues related to the Credit Suisse AT-1 bond investment.

The stock of One 97 Communications, the parent firm of Paytm, surged as much as 4.11% to hit a 52-week high of ₹1,810.50 per equity share on Friday, September 11. This is the second time this week that the stock has touched its one-year high level.

The jump in Paytm stock comes as analysts from Bernstein shared a positive outlook on the Vijay Shekhar Sharma-led fintech firm.

Analysts at Bernstein in a note on Friday said they expect meaningful operating leverage from Paytm’s existing business. They added that the introduction of merchant discount rate (MDR) on UPI could provide meaningful upside to the company’s profitability. Bernstein also said it sees a clear right to win for Paytm and a long growth runway in merchant lending.

Shares of BSE fell as much as 3.4% to hit an intraday low of ₹3,193.20 per unit on the NSE, as the much-awaited initial public offering (IPO) of the National Stock Exchange of India Ltd (NSE) will open for subscription on September 17, 2026.

The issue will conclude on September 21. The bidding for anchor investors will occur on September 16. The exchange has set a price band of ₹1,700 to ₹1,785 per share.

The initial share sale is seeking to raise ₹22,561.57 crore via an offer for sale of 12.64 crore equity shares by existing shareholders, compared to the 14.9 crore shares planned earlier.

Acme Solar Holdings stock climbed 2% to touch the session’s peak of ₹403.80 per equity share, as its board of directors approved the proposal for incorporating a wholly-owned subsidiary company in the United Arab Emirates.

“We wish to inform that the Operational Committee of the Board of Directors of the Company in its meeting held on September 10, 2026, has approved the proposal for incorporation of a wholly-owned subsidiary company in the United Arab Emirates,” according to a regulatory filing.