Business EconomyPosted at: Oct 9 2026 8:50PM


Stock markets end higher, Sensex jumps over 700 points led by IT

New Delhi, Oct 9 (UNI) Indian Stock Markets recovered today, with Sensex jumping over 700 points and Nifty by 270 points led by IT sectoral gains and buoyant investor sentiment amidst easing of geopolitical tensions in West Asia.
At close, the BSE Sensex jumped 879 points, or 1.23 per cent, to 72,472 and the NSE Nifty gained 289 points, or 1.30 per cent, to 22,520. Nearly 2,419 shares advanced while 1,780 declined.
Among the sectors, IT led sectoral gains with a 3.02 per cent surge. FMCG rose 2.14 per cent and PSU Banks gained 1.63 per cent. Nifty Oil & Gas index declined 0.14 per cent, while Energy rose 0.72 per cent.
In the banking and financial, Nifty PSU Bank index gained 1.62 per cent, while Bank Nifty rose 1.33 per cent to 55,237.95. Private Bank advanced 1.32 per cent.
Midcaps advanced 1.46 per cent and Smallcaps rose 0.54 per cent while the India VIX fell 6.09 per cent.
On Nifty, the leading gainers were ITC and Apollo Hospitals with a spike of over 4 per cent each, while BSE and Reliance Industries were among the few losers.
The Indian rupee closed at 96.73 against the US dollar today, strengthening from Thursday’s close of 96.78 per dollar.
BSE fell 1.49 per cent to Rs 3,285, Reliance Industries declined 0.65 per cent, while JSW Steel slipped 0.61 per cent and Cipla fell 0.44 per cent.
Vinod Nair, Head of Research, Geojit Investments Limited said, "Domestic equities staged a relief rally, supported by value buying and short covering after the recent sharp correction. IT stocks outperformed on the back of a strong start to the Q2 earnings season and rising confidence in AI-driven revenue opportunities. Sentiment was aided by easing geopolitical concerns following indications that any potential U.S. military action against Iran is unlikely before the midterm elections, helping crude prices moderate. However, persistent FII outflows and elevated global bond yields continue to temper the recovery outlook."
"Investors now await domestic CPI data on Monday for further cues on the interest-rate trajectory after the RBI's shift to calibrated tightening. Going forward, actual performance of Q2 which is estimated to be good on a YoY basis will be critical in determining the sustainability of the market rebound." UNI VK SS
Tags: #Stock markets end higher# Sensex jumps over 700 points led by IT
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