_Markets open today_
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📊 *ECONOMY & POLICY*
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🏦 *RBI drains ₹50,000 cr via first OMO bond sale tranche*
RBI sold bonds in the 2029–32 tenors as the first of three planned tranches (next on Sep 21 and 28) in a ₹1 lakh crore liquidity mop-up, after surplus banking-system cash hit a record ₹11 lakh crore on diaspora-deposit dollar inflows.
The 5-year yield rose 6bps to 6.83% on the news — a tightening signal worth watching for rate-sensitive banks, NBFCs and duration-heavy bond portfolios.
📎 _Read: Business Standard_
🔥 *China rejects US “long-arm” oil sanctions stance*
Beijing said it won’t accept US tariffs tied to Russian energy purchases, echoing India’s own resistance to Washington’s proposed 100% tariff bill on Russian-oil buyers.
A united EM pushback could blunt the sanctions bill’s near-term market bite on India’s crude-import economics and OMC margins.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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💻 *Applied Materials to invest $5 bn in India over decade*
The semiconductor equipment major will direct the investment into R&D, supply-chain scale-up and workforce growth, timed with Modi’s Semicon India 2026 inauguration.
Strengthens the demand outlook for India’s semicon-ancillary and EMS names (Kaynes, Syrma SGS, MosChip).
📎 _Read: Business Standard_
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_Compiled by Daily Business Briefs · 18 Sep 2026_