WELCORP’s ₹2,000 Cr Aramco Deal, TEGA Wins ₹126 Cr Order, India’s Forex Reserves Stand At $780.78 Bn & More
- Share.Market
- 9 min read
- 21 Sep 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Starting this week on a positive note, Indian benchmark indices Nifty 50 and Sensex ended in the green on Monday, September 21. Sectorally, most indices ended higher, led by Nifty Pharma, while Nifty Metal emerged as the top loser.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
TEGATega Industries’ wholly-owned subsidiary, Tega McNally Minerals, secured a ₹126 crore domestic contract from Kalpataru Projects International. To be executed over 14 months, the order entails the design, engineering, manufacturing, and supply of equipment, underscoring the company’s robust execution capabilities.
ACMESOLARACME Solar Holdings has incorporated a new wholly-owned subsidiary, ACME Greentech Twenty Nine Private Limited, with a ₹1 lakh cash subscription. The new entity is established specifically to develop, establish, and operate new power generation and renewable energy projects, further bolstering ACME’s clean energy portfolio.
WELCORPWelspun Corp’s Saudi-listed associate, East Pipes Integrated Company (EPIC), secured a massive ₹2,000 crore contract from Saudi Aramco. The six-month order involves manufacturing and supplying steel pipes, with financials reflecting from Q4 FY27 to Q1 FY28, reinforcing EPIC’s strategic support of Saudi Vision 2030.
DIACABSDiamond Power Infrastructure secured ₹116.49 crore in variable-price orders to supply 11 kV power cables for Gujarat’s underground distribution network. Covering urban projects in Bhavnagar and Ahmedabad, the cables will be manufactured at its Vadodara plant. The consecutive wins highlight the company’s strong scale-up post-NCLT resolution.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 18 Sep 2026 | 599.54 | 1,019.69 |
| 17 Sep 2026 | -3,208.76 | 3,617.75 |
| 16 Sep 2026 | -2,032.61 | 3,908.23 |
| 15 Sep 2026 | -2,977.86 | 2,686.05 |
| 11 Sep 2026 | -930.90 | 1,968.17 |
| Month-to-Date | -7,040.94 | 35,768.68 |
What’s Happening Beyond Markets?
- India’s foreign exchange reserves have recently declined by USD 4.92 billion. Following this latest financial reduction, the country’s total forex reserves currently stand at a reported USD 780.78 billion.
- Coal India is expanding beyond conventional mining into a diversified, technology-driven portfolio. Spanning coal gasification, renewables, and critical minerals, this national-scale initiative aims to support energy security, import substitution, and resilient domestic manufacturing.
- Biometric Aadhaar Authentication will become mandatory for receiving subsidised domestic LPG refills starting October 1, 2026. This targeted move aims to prevent commercial diversion and ensure subsidies reach genuine households, with 89.9% of consumers already authenticated.
- According to Union Minister Dr. L. Murugan at the 20th Rozgar Mela in Chennai, India’s unemployment rate has dropped from 6% to 3.2%. He credited this decline to government flagship initiatives like Make in India, Start-up India, and MUDRA loans.
- According to a government release, the sugar stockholding limit for bulk consumers has been relaxed from 15 to 30 days ahead of the festive season. With retail prices dropping 10%, officials urged the supply chain to pass ex-mill price benefits to consumers.
Corporate Actions
Ex Date and Record Date: 23 September 2026
To qualify for a dividend, investors must buy shares before the ex-dividend date. This accommodates the trade settlement period, ensuring that they are officially registered as shareholders by the record date.
| Stock | Event Type | Event Details |
| Apollo Micro Systems Ltd. | Dividend | Dividend, ₹0.25 |
| Gallantt Ispat Ltd. | Dividend | Final Dividend, ₹2.00 |
| Gujarat Mineral Development Corporation Ltd. | Dividend | Dividend, ₹9.50 |
| Goodluck India Ltd. | Dividend | Final Dividend, ₹3.00 |
| Mishra Dhatu Nigam Ltd. | Dividend | Final Dividend, ₹1.25 |
| Steel Strips Wheels Ltd. | Dividend | Final Dividend, ₹1.50 |
| Titagarh Rail Systems Ltd. | Dividend | Final Dividend, ₹1.00 |
IPO Corner: Mainboard
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Varmora Granito Ltd. | 22 Sep to 24 Sep, 2026 | ₹708 Cr | ₹140 to ₹148 | ₹14,140 |
IOCL, HPCL, BPCL Dominate Fuel Network
Back to Basics
Terms that put you one step ahead – every day
What is the Difference Between ETFs and Mutual Funds?
In investing, both Exchange-Traded Funds (ETFs) and Mutual Funds pool your money to buy a broad basket of stocks or bonds. Think of it like buying a pre-made gift basket. An ETF is a basket you can buy or sell at any moment during the day, just like a single stock. A mutual fund is a basket you can buy or sell only at the end of the day, at a set closing price.
Because ETFs usually just track a specific market index automatically, they have lower management fees. Mutual funds are often actively managed by financial experts trying to beat the market, making them pricier.
Learn more: https://www.share.market/buzz/learn/etfs-vs-mutual-funds/
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
