On September 10, 2026, market benchmark indices Sensex and Nifty showed signs of recovery, trading slightly higher despite challenges posed by elevated crude oil prices. The 30-share BSE Sensex gained 38.07 points, reaching 74,809.95, while the 50-share NSE Nifty rose 9.85 points to hit 23,439.20. This recovery was largely attributed to strong performances by banking stocks such as Axis Bank and State Bank of India.
Notably, among the listed firms, Tech Mahindra, Power Grid, ITC, and Infosys emerged as key gainers, while Mahindra & Mahindra, Adani Ports, and Reliance Industries were among the laggards. The persistent geopolitical tensions and rising crude oil prices, which hovered around $101 per barrel, have kept investor sentiment cautious.
- Crude prices above $100 — elevated energy costs are impacting market sentiment.
- Geopolitical tensions — ongoing issues are keeping investors on edge.
- FIIs offload equities — Foreign Institutional Investors sold equities worth ₹582.99 crore recently.
According to Ponmudi R, CEO of Enrich Money, the combination of high energy prices and rising U.S. Treasury yields is likely to keep risk appetite subdued. He noted, "While U.S. President Donald Trump said the conflict with Iran could end immediately after the midterm elections, the lack of clarity over the path to de-escalation is keeping investors cautious and the geopolitical risk premium firmly embedded in energy markets." Investors are particularly attentive to upcoming U.S. inflation data, which could provide insights into the future trajectory of the Federal Reserve's policies.
As for the Asian markets, indices such as South Korea's Kospi and Japan's Nikkei 225 were also trading lower, reflecting a global trend. The previous day, on September 9, the Sensex had dropped significantly by 813.35 points, or 1.08%, closing at 74,764.23, while the Nifty fell by 203.60 points, or 0.86%, to settle at 23,431.50.
