Stocks To Buy or Sell Today, September 16, 2026: Bharat Forge, Vedanta and Blue Star Among Shares Likely To Remain in Spotlight on Wednesday

Indian equity markets are seeing heightened activity across key heavyweights as investors closely monitor corporate developments, leadership transitions, and strategic joint ventures. Market participants are realigning portfolios as major firms across banking, heavy engineering, defense, and telecommunications announce vital operational updates. Several stocks are likely to be in the spotlight today, September 16.

According to a report in CNBC TV18, shares of HDFC Bank, BHEL, Bharat Forge, Vedanta, Blue Star and Tata Communications are expected to be in focus during Wednesday's trading session. Wondering why the above-mentioned stocks are among the list of shares to watch out for today? Scroll below to find out. Stock Market Holidays in September 2026: Full List of NSE and BSE Closures.

Banking and Financial Services: HDFC Bank (NSE: HDFCBANK)

HDFC Bank remains a primary focus for market participants following significant leadership developments. The private sector lending major has shortlisted candidates for its upcoming Managing Director and CEO position, submitting the final names to the Reserve Bank of India (RBI) for regulatory clearance. Investors are tracking the transition closely as the bank maintains steady trading volumes amid broader sector movements.

Engineering, Defense, and Infrastructure: BHEL (NSE: BHEL and Bharat Forge (NSE: BHARATFORG)

Heavy engineering and defense counters are drawing considerable attention due to major collaborative agreements:

• Bharat Heavy Electricals Limited (BHEL): The engineering major has signed a landmark joint venture agreement with Titagarh Rail Systems. The two entities have formed a 50:50 joint venture focused on the long-term maintenance of Vande Bharat sleeper trainsets for a duration of 35 years.
• Bharat Forge: The company has entered into a strategic partnership with Pratt & Whitney Canada. The collaboration will evaluate the integration of advanced turboprop engines into High-Altitude Long-Endurance (HALE) unmanned aerial vehicle (UAV) programs currently under development by India's DRDO.

Metals, Energy, and Consumer Durables: Vedanta, Blue Star, and Tata Communications

Other key sectors are witnessing specific corporate triggers influencing near-term market sentiment:

• Vedanta (NSE: VEDL): Vedanta will hold a Committee of Directors meeting on Friday, September 18, to consider issuing Non-Convertible Debentures (NCDs) via private placement.
• Blue Star (NSE: BLUESTARCO): Oman's W.J. Towell & Co has approached the Dubai Court of Appeal to annul an arbitration award that previously dismissed all claims against the Mumbai-based home appliances firm.
• Tata Communications (NSE: TATACOMM): Tata Communications announced that its subsidiary, Tata Communications (Canada) Ltd (TC Canada), has reached an in-principle settlement with the Canada Revenue Agency (CRA) regarding legacy tax claims associated with its international telecommunications services income. Why Is Stock Market Down Today, September 15, 2026?

As investors navigate these diverse corporate developments across banking, heavy engineering, and international markets, market participants will closely watch how these individual strategic moves influence near-term trading momentum and sector performance.

(Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.)

(The above story first appeared on LatestLY on Sep 16, 2026 08:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).