Market Close Report Today, October 9, 2026: Sensex, Nifty Post Sharp Rebound As Investors Snap Up Stocks After Selloff

Mumbai, October 9: Indian equity benchmarks staged a sharp rebound on Friday, recovering from the previous session’s steep sell-off as information technology, fast-moving consumer goods and banking stocks attracted buying. The recovery came as investors picked up beaten-down shares and focused on technology companies, particularly Tata Consultancy Services (TCS). However, elevated crude oil prices, foreign investor outflows and uncertainty over US immigration rules remained concerns for the market.  

The Sensex rose 879 points, or 1.23%, to close at 72,472, while the Nifty 50 gained 289 points, or 1.30%, to settle at 22,520 after the closing auction session (CAS). Market breadth was positive, with 2,344 shares advancing against 1,686 declining, indicating that the rebound extended beyond the headline indices.  

Friday also brought an end to the longest weekly losing run for Indian shares in a quarter-century. The recovery remained limited, however, as worries over tighter monetary policy and persistently high crude prices weighed on risk appetite. The Nifty 50 rose 0.4% over the week, while the Sensex gained 0.8%. Despite the weekly rebound, both benchmarks remained sharply lower after eight consecutive weeks of losses, shedding 8.7% and 8.4%, respectively, over the period. 

IT, FMCG stocks lead sectoral gains 

The Nifty IT index led the sectoral rally, climbing 3%, as investors bought technology stocks despite concerns over fresh US regulatory pressure on Indian outsourcing firms. TCS shares rose 3.8% after the company reported an acceleration in artificial intelligence-related revenue and growth in international business in the September quarter. The company also said the US suspension of firms from the Permanent Labor Certification Program was not expected to materially affect its workforce strategy or client engagements. 

HCL Technologies gained 3.4%, while Infosys advanced 2.6%. The Nifty FMCG index rose 2.2%, led by ITC, which surged 4.3%. The Nifty PSU Bank index gained 1.6%, while the Nifty Bank advanced 1.4%. Auto stocks rose 1.4%, metals gained 1.1% and media shares advanced 1.2%. 

Among the biggest Nifty gainers, Apollo Hospitals climbed 4.7%, while Eicher Motors advanced 4.2% and Adani Ports rose 3.1%. HDFC Life (up 2.2%), Shriram Finance (2.5%) and Tata Motors Passenger Vehicles (2.5%) also gained. 

Midcaps advance; oil, foreign flows remain risks 

The rally extended to broader markets, with the Nifty Midcap 100 rising 1.6% and the Nifty Smallcap 100 gaining 0.5%. India VIX, a gauge of expected market volatility, fell 6%, suggesting some easing of near-term investor nervousness. 

The rebound followed Thursday’s sell-off, when foreign portfolio investors sold a net Rs 12,944 crore of Indian equities, their largest single-day outflow since May 29, while domestic institutional investors bought Rs 10,703 crore worth of shares. Rising crude prices, higher global bond yields and rupee weakness had compounded concerns following the Reserve Bank of India’s hawkish rate increase earlier in the week. 

Despite Friday’s recovery, oil prices and continued foreign selling remain key risks for equities. Investors will also track global developments and upcoming corporate earnings to assess whether the rebound can extend into the next trading session. 

Source

• NSE
• BSE