Last Updated:
The Sensex closes at 74,781.76, down 120.83 points, or 0.16%, while the Nifty settles at 23,398.10, lower by 79.70 points, or 0.34%.
Stock Market Today.
The domestic equity markets ended lower on Friday, but staged a strong recovery from their intraday lows, sharply paring the losses seen in early trade. The rebound came as crude oil prices and bond yields cooled from their day’s highs, while reports of efforts towards a temporary Iran-US deal helped ease some of the geopolitical risk premium.
The Sensex closed at 74,781.76, down 120.83 points, or 0.16%, while the Nifty 50 settled at 23,398.10, lower by 79.70 points, or 0.34%.
The recovery was particularly sharp from the day’s lows. The Sensex had slipped to 74,160.16 in early trade, meaning it recovered around 622 points from the day’s low to close at 74,781.76. The Nifty, which touched an intraday low of 23,231.40, recovered nearly 167 points to finish close to the 23,400 mark.
The market’s turnaround came after a weak start. At the open, the Sensex had fallen nearly 709 points, while the Nifty declined about 234 points, as investors reacted to a surge in crude oil prices, escalating US-Iran tensions and weak global cues. Brent crude had climbed above $108 a barrel and briefly moved close to $110, while the US 10-year Treasury yield approached the psychologically important 5% level.
Crude oil, bond yields cool
A moderation in oil prices during the day helped ease some of the pressure on Indian equities. Brent crude, after touching around $109.97 a barrel, retreated to about $105.90, although it remained sharply higher for the week. The decline in oil prices, along with some cooling in bond yields, helped investors reassess the severity of the morning sell-off.
The easing in crude and yields was particularly important for India, given the country’s dependence on imported oil. Higher crude prices can increase the import bill, put pressure on the rupee and raise concerns about inflation and corporate margins.
US-Iran tensions remain a key risk
Despite the recovery, geopolitical risks remained a major concern for investors. Escalating tensions involving Iran, the US and Iran-aligned Houthi forces have raised concerns over disruption to oil supplies and shipping routes. The seizure of Yemen’s Mocha port by Houthi forces and continuing risks around the Strait of Hormuz added to fears of a prolonged disruption to energy flows.
Reports of efforts towards a temporary Iran-US deal, however, provided some relief during the session and helped trigger the recovery in equities.
Banking, IT stocks support recovery
The late recovery was supported by buying in select large-cap stocks. HDFC Bank, Tech Mahindra, HCLTech and Infosys were among the notable gainers in the Sensex pack, helping cushion the broader market decline.
On the other hand, selling remained visible in several rate- and commodity-sensitive sectors. Metals, financials and auto stocks had come under pressure during the session, reflecting concerns around higher oil prices, bond yields and the broader global risk environment. Reuters reported that metals, financials and auto stocks were among the weaker sectors in the broader market.
Rupee, FII flows add to pressure
The rupee also remained under pressure amid the rise in crude prices and higher US yields. The currency had weakened to around Rs 95.70 per dollar, marking its fourth consecutive session of decline.
Foreign fund flows remained another overhang. Foreign institutional investors sold Rs 438.24 crore of Indian equities on Thursday, while domestic institutional investors bought Rs 1,025.85 crore, according to exchange data cited by Financial Express.
Markets still end the week under pressure
Despite Friday’s recovery, the broader weekly trend remained weak. The initial sell-off had pushed both benchmarks to their lowest levels since June, according to Reutersalthough the strong recovery during the session significantly reduced the day’s losses.
Quick Answers
Ask News18The recovery in the Sensex and Nifty was triggered by a cooling of crude oil prices and bond yields from their daily highs. Additionally, reports of diplomatic efforts toward a temporary Iran-US deal helped ease geopolitical risk premiums, prompting a sharp rebound from early-session lows.
Ask News18About the Author
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
September 11, 2026, 3:55 PM IST
Read More
Source link
[ad_3]
