HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Sep-10-2026

Markets snapped three-day losing streak and ended marginally higher on Thursday on account of value buying after recent losses. Benchmarks made a cautious start and remained range bound throughout the session, as crude oil prices above the $100-per-barrel mark, amid heightened geopolitical tensions in the Middle East and concerns over disruptions to oil supplies, weighed on investor sentiment. Foreign fund outflows also kept sentiment subdued. However, value buying in Bankex, Oil & Gas, Utilities and PSU counters supported the markets up move.

Some of the important factors in trade:

Foreign fund outflows: Traders remained concerned as foreign institutional investors continued their selling spree on Wednesday’s session, offloading securities worth Rs 582.99 crore.

India’s merchandise exports surge 15% in April-August this fiscal despite global uncertainties: Down side remained capped as Commerce and Industry Minister Piyush Goyal said India’s merchandise exports grew by around 15 per cent during April-August this fiscal despite global uncertainties.

Indian economy doing reasonably well, will return to current account surplus soon: Some support came as NITI Aayog Vice Chairman Ashok Kumar Lahiri said the Indian economy has been doing reasonably well and that Asia’s third-largest economy will regain its mojo and return to a current account surplus soon.

Global cues remain mixed: European markets were trading mostly in green ahead of the European Central Bank's rate hike decision later in the day. Asian markets ended mostly lower with Brent crude remaining over $100-a-barrel mark due to escalating Middle East attacks, causing fresh angst on global bond markets.

The BSE Sensex ended at 74902.59, up by 138.36 points or 0.19% after trading in a range of 74598.47 and 74910.96. There were 14 stocks advancing against 15 stocks declining, while 1 stock remain unchanged on the index. (Provisional)

The top gaining sectoral indices on the BSE were Bankex up by 0.36%, Oil & Gas up by 0.29%, Utilities up by 0.27%, PSU up by 0.13% and Energy up by 0.02%, while Capital Goods down by 0.99%, Telecom down by 0.91%, Metal down by 0.67%, Basic Materials down by 0.36% and Auto down by 0.34% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Power Grid Corpn. up by 1.94%, Tech Mahindra up by 1.30%, Bharti Airtel up by 1.07%, HDFC Bank up by 0.65% and Axis Bank up by 0.64%. On the flip side, HCL Technologies down by 1.77%, Tata Steel down by 1.54%, Sun Pharma. Inds. down by 1.27%, Reliance Industries down by 0.82% and Bharat Electronics down by 0.79% were the top losers. (Provisional)

Meanwhile, the India-US trade deal is nearing completion, with Commerce Secretary Rajesh Agrawal describing the deal as ‘more or less’ finalised. The two countries are now focusing on developing a framework for preferential market access before the agreement is signed at an appropriate time.

While some issues remain under discussion, Agrawal indicated that the pact will be signed at an appropriate time. He expressed need to ensure preferential access to each other’s markets under the proposed agreement. He noted that India largely operates under Most Favoured Nation (MFN) tariffs, while the US is currently using executive tariffs, making it necessary to establish an architecture that provides differentials and preferential market access for India. Further, he said businesses in both countries were already engaging strongly and were satisfied with the broad understanding reached between the two governments.

Commerce Secretary also highlighted the continued progress in India’s other ongoing trade negotiations, stating that discussions on the India-Chile Free Trade Agreement (FTA) have reached an advanced stage. While some matters remain under consideration, the two sides are expected to make further progress over the next two to three months. He also stated that India is working towards operationalising the India-New Zealand FTA at the earliest, potentially in October.

The CNX Nifty ended at 23477.80, up by 46.30 points or 0.20% after trading in a range of 23380.10 and 23494.95. There were 24 stocks advancing against 26 stocks declining on the index. (Provisional)

The top gainers on Nifty were HDFC Life Insurance up by 2.36%, Power Grid up by 2.22%, ONGC up by 1.39%, Bharti Airtel up by 1.34% and Tech Mahindra up by 1.18%. On the flip side, HCL Technologies down by 1.85%, Hindalco Industries down by 1.26%, Tata Steel down by 1.04%, Adani Enterprises down by 0.89% and Mahindra & Mahindra down by 0.83% were the top losers. (Provisional)

European markets were trading mostly in green; France’s CAC rose 12.43 points or 0.15% to 8,169.10 and Germany’s DAX gained 3.05 points or 0.01% to 25,579.50, while UK’s FTSE 100 decreased 40 points or 0.37% to 10,630.06.

Asian markets settled mostly lower on Thursday as Brent crude prices surging above $102 per barrel and climbing US Treasury yields fueled inflation concerns. Besides, investors awaited release of US inflation reports ahead of Federal Reserve’s policy decision next week. Further, escalating fighting between Saudi Arabia and the Houthis in Yemen kept market participants cautious. However, Japanese markets gained as the Bank of Japan prepares for a critical policy meeting next week, with board member Kazuyuki Masu indicating that the central bank will continue tightening policy and reduce monetary support as underlying inflation approaches its 2% target. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,934.40

-17.10

-0.43

Hang Seng

24,954.47

-320.49

-1.27

Jakarta Composite

6,589.34

-88.86

-1.35

KLSE Composite

1,705.52

-8.82

-0.51

Nikkei 225

65,270.95

128.17

0.20

Straits Times

5,689.75

-39.88

-0.70

KOSPI Composite

7,033.92

-17.72

-0.25

Taiwan Weighted

46,940.49

-242.87

-0.51
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.