Summary
The Sensex rose 315.20 points to close at 73,895.74 while the Nifty 50 gained 77.40 points to end at 23,140.50 on Friday, 25 September 2026, as oil prices declined on hopes for a US-Iran truce despite continued attacks in West Asia.
Friday’s bounce could not save the week, with the Nifty ending lower for a seventh straight week, down 5.8% or 1,430 points over the period, its longest weekly losing streak since the Covid crash of February-March 2020.
Nifty Realty and Auto rose the most while IT and Pharma declined the most, with Axis Bank, Asian Paints and Mahindra & Mahindra the top Nifty gainers.
Ola Electric fell over 9% ahead of its board meeting on a rights issue, brokerage notes lifted Radico Khaitan and Juniper Green Energy, and Brent slipped below $106 as reports emerged of a phased US-Iran deal.
The Sensex rose 315.20 points, or 0.43%, to close at 73,895.74, while the Nifty 50 ended 77.40 points, or 0.34%, higher at 23,140.50, a relief bounce after Thursday’s 1,248-point crash.
The broader market was mixed. The Nifty MidCap 100 slipped 0.14% while the Nifty SmallCap rose 0.14%, a flat finish that reflects a market still finding its feet after the week’s selling.
Impact on the stock market
Sectoral gainers: Nifty Realty and Nifty Auto rose the most, with auto helped by Mahindra & Mahindra among the top Nifty gainers and Axis Bank recovering part of Thursday’s insurance-driven fall.
Sectoral losers: Nifty IT and Nifty Pharma declined the most, with IT extending its weak run ahead of results season and pharma giving back part of its recent defensive rally.
| Sector/Index | Performance |
| IT & BPM sector | -0.17% |
| Healthcare sector | -0.47% |
| Oil & Gas sector | -0.07% |
| Real estate sector | 0.92% |
| PSU Bank in India | 0.28% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Axis Bank | 1,222.40 | 3.03 |
| Asian Paints | 2,444.00 | 2.14 |
| M & M | 3,035.00 | 1.75 |
| Bajaj Finance | 996.90 | 1.52 |
| Power Grid Corpn | 269.50 | 1.16 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Max Healthcare | 1,014.00 | -3.06 |
| Tata Motors PVeh | 290.45 | -1.54 |
| Infosys | 1,000.20 | -1.41 |
| O N G C | 235.86 | -1.31 |
| Trent | 2,669.30 | -1.14 |
Market aftermath: Impact on stocks
Radico Khaitan: A Brokerage Boost as the Vodka Story Gets a Higher Target
Radico Khaitan snapped its previous session’s decline to settle 1.2% higher at ₹4,535.10, after touching an intraday high of ₹4,600, as JM Financial retained its Buy rating and raised its target price to ₹5,190 from ₹4,955, implying up to 16% upside. The brokerage said the maker of 8PM whisky and Magic Moments vodka had a healthy start to the year, with premium segment sales expected to keep outperforming peers. It sees the vodka business growing volumes at more than 20% a year through FY29, arguing that “the story here is far from over” as acceptance of white spirits rises across India.
The growth drivers stack up across the portfolio, with 8PM Premium Black expected to grow 20-25% after its relaunch, After Dark entering Telangana, and the luxury range led by Royal Ranthambore, Rampur Single Malt and Jaisalmer Gin targeted to grow value by more than 25%. Costs remain the watch point, with alcohol and packaging inputs still inflationary, though the brokerage expects a better product mix and benefits from the UK trade agreement to absorb the pressure. With full-year guidance of 25% premium volume growth and a 20% operating margin seen as intact, this was one of the day’s cleaner good-news stories.
Juniper Green Energy: A New Buy Rating With 39% Upside on the Renewables Build-Out
Juniper Green Energy rose 3.24% to ₹266.05 after JM Financial initiated coverage with a Buy rating and a target price of ₹371, implying around 39% upside. The company is one of India’s leading renewable energy producers, operating utility-scale solar, wind, hybrid and battery storage projects, with an operational portfolio of 2 GW and a total pipeline of 8.4 GW that places it among the country’s top 10 in the sector. It also holds 500 MWh of battery storage capacity with plans to add 4.9 GWh more.
The investment case rests on India’s power demand, which the brokerage expects to grow 6-7% a year to 388 GW by FY32 from 271 GW now, supported by the government’s 500 GW renewable capacity target for 2030. The projected numbers are striking, with revenue, operating profit and net profit forecast to compound at 101%, 104% and 208% a year respectively between FY26 and FY29, from a base where the operating margin already stands at 84%. The brokerage does list real risks, including regulatory, execution, financing and grid challenges, so this is a high-growth story that demands things go right.
Ola Electric: A 9% Fall Ahead of the Rights Issue Decision
Ola Electric Mobility fell over 9% to close near ₹38.50, snapping a four-day winning streak in which the stock had gained more than 16%. The trigger was the approaching board meeting on Sunday, 28 September, where the company will consider raising funds through a rights issue, an offer of new shares to existing shareholders that increases the share count and can dilute those who do not participate. The pullback shows investors locking in the recent rally rather than waiting to learn the issue’s size and pricing.
The proposed fundraise comes only months after Ola Electric raised ₹780 crore through an institutional share placement in June, which was oversubscribed by 56%. Frequent fundraising underlines the capital hunger of the turnaround, with the company still running an operating loss even as market share recovers and the battery factory expands. For shareholders, Sunday’s terms will matter more than Friday’s fall, since a well-priced rights issue funds the growth story while a steep one tests their conviction.
Crude Oil: Brent Slips Below $106 as a Phased Deal Takes Shape
Crude retreated after a two-day rally, with November Brent futures falling 0.93% to $105.61 a barrel, WTI declining 1.67% to $93.03, and October crude futures on the MCX dropping 2.4% to ₹8,947. The trigger was a report that US and Iranian negotiators in New York are exploring a phased path out of the war, under which Iran would reopen the Strait of Hormuz and the US would lift its economic blockade. Iranian President Masoud Pezeshkian added a striking line on Fox News, saying “we do not wish to continue” and that it is America that must choose whether to end the conflict.
The fighting has not stopped while the talking continues, with the Houthis firing missiles at the Saudi cities of Yanbu and Taif, all six ballistic missiles intercepted. That contrast between negotiation and bombardment explains why Brent remains above $105 even as deal hopes build. For Indian markets, a genuine phased agreement would be the single biggest relief available, taking pressure off the rupee, bonds and the interest rate outlook at once.
Conclusion
Friday’s 315-point gain was welcome, but the bigger number is seven, the count of consecutive weekly losses that now marks the Nifty’s longest losing streak since the Covid crash, with 1,430 points or 5.8% surrendered over the stretch. The week ends with the market caught between two powerful forces, a possible phased US-Iran deal that could finally break oil’s grip, and the IRDAI commission overhaul plus results season that keep domestic risks alive. The day’s stock stories showed both faces, with brokerages backing growth names like Radico and Juniper while Ola’s fall previewed the dilution questions that come with capital-hungry turnarounds. If the New York talks convert into a real truce, this seven-week streak may mark the bottom, and if they stall, the technical levels from Thursday’s breakdown remain the map to watch.
