The euro fell to its weakest level in 16 months as expectations that the Federal Reserve will further boost interest rates supported the US dollar.

ITC's shares hit multi-year lows in 2026 due to investor concerns over rising commodity prices and excise duties on cigarettes, eroding ₹1.72 lakh crore in market capitalization.

The Nifty 50 fell sharply by 1,618 points in September, reopening at a low of 22,569.65 but recovered slightly to close at 22,716.20. Market breadth remained negative, but the hammer candlestick pattern suggests a potential short-term reversal with key support at 22,569.

The Nifty 50 index is facing its first annual decline since 2011, primarily due to weak global factors and ongoing selling by overseas investors. High oil prices and uncertain domestic conditions further threaten market recovery in 2026.

Motilal Oswal remains bullish on OEM auto stocks like Maruti Suzuki, TVS, and M&M due to increased vehicle sales ahead of the festive season. Car volumes saw a 20.4% rise in August 2026, with Maruti and Honda as key outperformers.