Indian Benchmarks End Mixed on Thursday; Sensex Dips 22 Points, Nifty Gains 53 Points

Indian benchmark indices closed mixed on Thursday, September 17, as market participants reacted to the US Federal Reserve's recent interest rate hike and indications of further monetary policy tightening. The BSE Sensex dipped 21.86 points, or 0.03%, to settle at 74,314.59, while the NSE Nifty 50 gained 53 points, or 0.23%, to close at 23,270.60. [10, 12, 16] This mixed performance followed a day where the Nifty saw broad-based buying in realty, pharma, auto, and metal stocks, which helped offset weakness in banking counters. [9] Among individual stocks, HDFC Life Insurance Company surged 5.05%, Tata Motors Passenger Vehicles advanced 4.49%, and SBI Life Insurance Company climbed 4.06%. [13] Conversely, Oil & Natural Gas Corpn Ltd retreated 1.85%, Titan Company Ltd slipped 1.38%, and HDFC Bank Ltd dropped 1.18%. [13] Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹3,208.76 crore on Thursday, while Domestic Institutional Investors (DIIs) provided support by buying ₹3,617.75 crore worth of shares. [16, 20, 30] Global cues were mixed, with US markets ending higher on Wednesday, but Middle East tensions and elevated crude oil prices continued to influence sentiment. [10, 20, 34]