By September 18, however, markets managed a modest recovery. Nifty closed at 23,346.40, up 0.33%, while Sensex ended flat at 74,294.96. The rebound was supported by softer crude oil prices, with Brent easing to $103.4 per barrel, which alleviated inflationary concerns and provided relief to the rupee. Positive cues from Asian markets also contributed to the uptick. Despite this, gains were capped by weakness in IT majors such as TCS (-4.33%) and Tech Mahindra (-1.82%), along with declines in Tata Group stocks including Titan (-2.11%), Tata Steel (-1.73%), and Tata Chemicals (-11.71%). On the other hand, select counters like Adani Ports, Power Grid, HDFC Bank, and Bharti Airtel provided support.
