Mumbai, October 9, 2026 (Yes Punjab News)
Indian equity markets rebounded sharply on Friday, with the Sensex gaining 879 points and the Nifty closing above 22,500, ending a two-session losing streak amid broad-based buying, strong performance by information technology stocks and easing global crude oil prices.
The BSE Sensex advanced 879.09 points, or 1.23 per cent, to settle at 72,472.33. The NSE Nifty rose 288.65 points, or 1.30 per cent, to close at 22,520.45.
Buying interest extended across market segments, indicating a broader improvement in investor sentiment following recent losses. The Nifty MidCap index climbed 1.56 per cent, while the Nifty SmallCap index gained 0.54 per cent.
Information technology stocks led the sectoral recovery, with the Nifty IT index outperforming other sectoral gauges. Apollo Hospitals Enterprise, ITC and Eicher Motors were among the leading gainers on the Nifty. The Nifty Oil and Gas index, however, underperformed and emerged as the weakest sectoral index despite the overall market rally.
Lower crude oil prices also supported sentiment by easing concerns over inflationary pressures and corporate profitability.
Market analysts identified 22,450 as the immediate support level for the Nifty, followed by 22,300, while resistance was placed around 22,600. A sustained move above that resistance could open the way towards 22,800, they said.
The recovery was attributed partly to value buying and short covering following the recent market correction. Technology stocks also benefited from the strong start to the second-quarter earnings season and growing investor confidence in revenue opportunities linked to artificial intelligence.
Attention is now turning to India’s consumer price index inflation data, scheduled for Monday, which could provide further clues about the interest-rate outlook following the Reserve Bank of India’s shift towards calibrated monetary tightening.
Analysts said the sustainability of the rebound would also depend on actual second-quarter corporate earnings, which are expected to show year-on-year growth.
Meanwhile, the rupee strengthened by around 20 paise to 96.73, supported by improving capital market flows and optimism over the possibility of diplomatic engagement between the United States and Iran following US President Donald Trump’s comments on a potential diplomatic approach.
FOLLOW NOW
