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Sensex, Nifty make gap-down opening amid surge in crude oil prices, rising bond yields
Sep-11-2026

Indian markets mad gap-down opening on Friday after brent crude oil prices surpassed $108 per barrel mark igniting fears that spiralling inflation will adversely impact corporate earnings. Oil prices rose as increasing attacks along key shipping routes, including the Strait of Hormuz and the Red Sea, in Middle East fueled fears of a prolonged disruption to supplies. A rise in US bond yields also weighed on market sentiments.

Sensex and Nifty were trading deeply in red with cut of around a percent in early deals amid selling pressure in most of the sector indices led by Realty, Metal and Basic Materials. Some cautiousness came as Foreign Institutional Investors (FIIs) remained net sellers on September 10, 2026, with a net outflow of Rs 438.24 crore.

Global cues remain weak, as most of the Asian markets were trading lower after a surge in crude oil prices and rising bond yields triggered a broader risk-off move, overwhelming continued strength in some artificial-intelligence stocks.

The BSE Sensex is currently trading at 74218.60, down by 683.99 points or 0.91% after trading in a range of 74160.16 and 74354.97. There were 6 stocks advancing against 24 stocks declining on the index.

The few gaining sectoral indices on the BSE were TECK up by 0.50%, IT up by 0.37% and Telecom up by 0.23%, while Realty down by 3.95%, Metal down by 2.85%, Basic Materials down by 2.17%, Industrials down by 1.83% and Capital Goods down by 1.80% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 1.71%, HCL Technologies up by 1.19%, Infosys up by 0.94%, Bharti Airtel up by 0.62% and ITC up by 0.37%. On the flip side, Bajaj Finance down by 2.49%, Interglobe Aviation down by 2.39%, Mahindra & Mahindra down by 2.16%, Axis Bank down by 2.00% and Tata Steel down by 1.91% were the top losers.

Meanwhile, amid the ongoing debate over the credibility of India’s latest GDP estimates, the International Monetary Fund (IMF) has welcomed the country’s efforts to modernise its statistical framework, and said that the incorporation of a new Index of Industrial Production (IIP) and Producer Price Index (PPI) series should help improve the accuracy of Gross Domestic Product (GDP) estimates.

Julie Kozack, Director of the IMF’s Communications Department, said the latest GDP release incorporated both a new IIP and a new PPI series, which “should help improve India’s GDP estimates.” She encouraged the authorities to continue strengthening the country’s statistical framework and data quality.

She also noted that India’s real GDP grew 7.8% in the second quarter, exceeding IMF staff expectations as well as the consensus among other observers. She said the upside surprise was driven by stronger-than-expected activity in the services sector and higher exports.

The CNX Nifty is currently trading at 23248.20, down by 229.60 points or 0.98% after trading in a range of 23231.40 and 23277.30. There were 9 stocks advancing against 41 stocks declining on the index.

The top gainers on Nifty were Tech Mahindra up by 1.25%, ONGC up by 1.20%, Infosys up by 0.60%, TCS up by 0.47% and HCL Technologies up by 0.41%. On the flip side, Hindalco Industries down by 3.71%, Tata Steel down by 2.53%, Bajaj Finance down by 2.32%, Bajaj Finserv down by 2.24% and Shriram Finance down by 2.09% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 1655.95 points or 2.54% to 63,615.00, Taiwan Weighted lost 785.11 points or 1.67% to 46,155.38, Hang Seng declined 241.47 points or 0.98% to 24,713.00, KOSPI dropped 171.17 points or 2.43% to 6,862.75, Jakarta Composite weakened 88.07 points or 1.34% to 6,501.27 and Shanghai Composite was down by 71.67 points or 1.82% to 3,862.73, while Straits Times was up by 8.48 points or 0.15% to 5,682.49.
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