📰 India Business Brief: Top Headlines for September 24, 2026

Business Standard

• National Stock Exchange (NSE) Makes Historic Market Debut: The world's largest derivatives exchange, the National Stock Exchange of India Ltd., lists on rival BSE Ltd. today after raising $2.4 billion in India’s second-largest initial public offering to date. Analysts and investors are watching the debut closely amid cautious sentiment.
• GIFT Nifty Signals Gap-Down Open on Global Headwinds: Benchmark domestic indices, the Nifty 50 and Sensex, face a weak opening driven by a sharp selloff in global sovereign bonds. The US 10-year Treasury yield spiked to 5.11% on hawkish Federal Reserve remarks, while Brent crude held above $102 per barrel.
• Fair Case for Rupee Appreciation, Says RBI's Poonam Gupta: The Reserve Bank of India highlighted a positive outlook for the Indian rupee, noting that a narrowing current account deficit and anticipated capital inflows during the fiscal year could drive currency appreciation from current levels.
• Trade Bodies Call for 'No UPI Day' Over MDR Rollout: Commercial associations have called for a nationwide protest on October 2 against the Merchant Discount Rate (MDR) framework on high-value digital transactions.
• Nuclear Plant Studies Approved for NTPC and Adani Power: State-run NTPC and Adani Power have secured regulatory clearances to initiate feasibility studies for upcoming nuclear energy facilities in Odisha.

The Economic Times

• Centre Rebuts ATM Stocking Rumors Linked to UPI Charges: The government and the Press Information Bureau (PIB) issued a firm clarification dismissing viral claims that banks were instructed to load up ATMs ahead of new UPI guidelines. The Finance Ministry reiterated that person-to-person (P2P) transfers and merchant transactions up to ₹2,000 remain completely free of MDR levies.
• Crude Oil Pressures Persist Above $100/bbl Mark: Rising geopolitical tensions and international shipping shortages continue to prop up Brent crude futures near multi-month highs, presenting fresh inflationary considerations for India’s oil import bill.
• Domestic Steel Prices Hit Multi-Year Highs: Escalating raw material input costs and shifts in international supply have propelled domestic hot-rolled and cold-rolled coil steel prices to four-year peaks.
• Next-Gen HNIs Shift Toward Global Asset Allocation: Family offices and ultra-high-net-worth investors across India are actively restructuring investment portfolios, accelerating formal diversification into global equities and alternative private debt assets.

Mint

• Listing Report Card: Market Weighs NSE Debut Expectations: Livemint analyzes market reception for the National Stock Exchange's debut in comparison to past mega-IPOs like LIC and Hyundai, highlighting that institutional appetite remains strong despite cautious retail participation.
• Technical Gauge: Critical Support Watched for Nifty 50: Amid overseas selling pressure, market technicians identified the 23,200–23,600 range as pivotal support zones for the benchmark index to withstand ongoing global bond-market turbulence.
• Large Block Deals on Radar: Market activity includes notable institutional stake reallocations, with up to a 10% stake in Sedemac Mechatronics slated to change hands via bulk and block deals.
• Fintechs Adapt to Structured Digital Payments Framework: Smart wallet and payment gateway providers, including Amazon Pay and major commercial aggregators, are realigning their digital credit pipelines to adapt to the 0.4% MDR cap on specified transactions above ₹2,000.

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