Indian Shares Seen Tad Higher At Open
- On Thursday, September 24, 2026, the Nifty 50 and BSE Sensex suffered their steepest one-day percentage declines in 10 weeks, with Indian shares little changed on Friday as crude prices and global bond yields weighed on sentiment.
- Rising oil prices above $100 a barrel reignited inflation fears, while proposed insurance commission caps hit financial stocks and bolstered bets on multiple Federal Reserve rate hikes.
- Despite the broad selloff, steel pipemaker Welspun Corp gained 4% after winning a $412.5 million order, while Vascon Engineers jumped 10% after securing a $69 million contract and Meesho fell about 4% after Nomura initiated coverage with "reduce."
- Siddhartha Khemka, head of research of wealth management of Motilal Oswal Financial Services, said "markets are likely to remain subdued in the near term" due to US-Iran conflict uncertainty and elevated crude prices.
- Ten of the 16 major sectors advanced on Friday after the selloff, though Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, noted a technical bounce would require price-based confirmation.
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20 Articles
Sensex Gains over 100 Pts, Nifty Hovers Around 23,100 After Gap-down Opening; IT Stocks Drag
Get latest articles and stories on Business at LatestLY. Indian equity markets recovered soon after opening in red on Friday, extending Thursday’s correction, to trade largely flat. The Sensex gained over 100 points, while the Nifty hovered around the 23,100 mark, with Nifty IT emerging as the biggest sectoral laggard. Business News | Sensex Gains over 100 Pts, Nifty Hovers Around 23,100 After Gap-down Opening; IT Stocks Drag.
Indian Shares Seen Tad Higher At Open
Indian shares look set to open higher on Friday after a heavy sell-off in the previous session. Underlying sentiment, however, may remain cautious as elevated oil prices and a deepening bond sell-off fueled expectations for further interest-rate hikes by the Federal Reserve.
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