GIFT Nifty hints at cautious rebound ahead of Fed rate verdict

GIFT Nifty September 2026 futures were up 31.50 points, indicating a mildly positive start for the Nifty 50.

India's Unified Payments Interface (UPI) will roll out a targeted Merchant Discount Rate (MDR) regime effective 15 October 2026, ending a years-long blanket zero-MDR policy to build a self-sustaining funding base for network infrastructure, cybersecurity, and platform scalability. Under the new guidelines notified by the National Payments Corporation of India (NPCI) and the Reserve Bank of India, a standard 0.4% MDRcapped at Rs 300 for high-ticket purchaseswill apply strictly to commercial person-to-merchant (P2M) payments above Rs 2,000, while essential utilities and fuel will draw a flat Rs 5 fee and capital market transfers are levied at 0.02%. Retail consumers and individual peer-to-peer (P2P) transfers remain entirely insulated from charges, as do small merchants processing under Rs 1 lakh a month and all transactions up to Rs 2,000, which together account for over 95% of daily UPI transaction volumes.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,977.86 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,686.05 crore in the Indian equity market on 15 September 2026, according to provisional data.