The Sensex tanked 953.70 points or 1.64% to settle at
57,145.22. During the day, it plummeted 1,060.68 points or 1.82% to 57,038.24.
The Nifty fell 311.05 points or 1.80% to end at 17,016.30.

The broader indices ended in red with the BSE Mid cap index
declining 2.84% and Small cap index down by 3.33%. The lone gaining sectoral
indices on the BSE was IT up by 0.14%, while Metal down by 4.50%, Realty down
by 4.29%, Auto down by 3.86%, Utilities down by 3.72%, Power down by 3.71% were
the top losing indices on BSE.

Also Read | Closing Bell: Sensex falls 953 points, Nifty down 311 points

Here are the key stocks that moved the most on September
26:

Hindalco Industries: The stock plunged 5.85% to close at Rs
373.15 after one of the biggest clients of subsidiary Novelis Corporation slashed
its earnings outlook due to the ongoing slowdown in the global economy.  Ball Corporation, one of the largest beverage
can makers in the US, cut its five-year volume growth outlook for North America
outlining weak demand conditions. The company also said that volumes for
beverage cans could get weaker in the short term due to the impending recession
in the US and falling aluminum prices.

Also Read | Gold, silver and other metal prices on Monday, September 26, 2022

Mahindra & Mahindra Financial Services: The share price
fell 5.71% to close at Rs 183.35 after Jefferies maintained an
“underperform” rating on Mahindra & Mahindra Financial Services
with a target of Rs 155 per share. According to the brokerage firm, the RBI ban
on outsourcing collections & recovery could lead to a 75-80% drop in
recoveries. This could lead to higher loan losses and or LGD till it readjusts
its processes.

Also Read | Piramal shares fall 9% to hit 52-week low

Harsha Engineers: The share price jumped 47.2% to close at
Rs 485.9 per share as it debuted today. Harsha Engineers made a strong debut on
stock exchanges on Monday, shrugging off a market-wide sell-off triggered by
concerns that sharp hikes in key interest rates will impact global growth. The
company has raised Rs 755 crore through its public issue that had seen a strong
74.70 times subscription during September 14-16.

Also Read | Rupee reaches record low of 81.52 against US dollar: Why is it falling?

Forbes & Company: The stock price jumped 4.99% to
settle at Rs 694.90 the Board of Directors of Forbes & Company approved the
Scheme of Arrangement between Forbes & Company Limited and Forbes Precision
Tools and Machine Parts Limited and their respective shareholders.

Also Read | Week ahead: RBI interest rate decision, rupee movement to weigh on Sensex, Nifty

Sterlite Tech: The stock slumped 7.65% to settle at 159.25
after the company said Mihir Modi has tendered his resignation from the chief
financial officer (CFO) and key managerial personnel position. He will be
relieved from his duties with effect from the close of business hours on
Friday, October 14, 2022.