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Markets extend gains in late trade
Oct-09-2026

Benchmarks have extended gains in late afternoon session as Brent crude oil prices retreated from their recent highs, US bond yields eased slightly. The Brent crude oil prices have retreated after US President Donald Trump signaled that any potential military action against Iran would be paused until after the midterm elections. Besides, better-than-expected TCS’ September quarter numbers have spark buying interest among IT counters with BSE IT index surging 2.93%. Also, value buying following yesterday’s sell-off and series of reforms recommended by GST council supported the market sentiment. Meanwhile, traders overlooked the relentless selling by the foreign institutional investors (FIIs), who sold securities worth Rs 12,943.58 crore on Thursday’s session

On the global front, Asian equity markets were trading mixed as market participant weighed the renewed concerns over artificial intelligence (AI) boom and elevated borrowing costs against ease in crude oil prices. European equity markets were trading higher amid hopes of diplomatic resolve of West Asia war after U.S. President Donald Trump indicated productive discussions with Tehran.

The BSE Sensex is currently trading at 72567.93, up by 974.69 points or 1.36% after trading in a range of 71739.49 and 72669.20. There were 27 stocks advancing against 3 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.93%, FMCG up by 2.19%, TECK up by 2.14%, PSU up by 1.28%, Bankex up by 1.26%. Meanwhile, there were no losers on BSE sectoral index.

The top gainers on the Sensex were ITC up by 4.74%, TCS up by 4.35%, Adani Ports & SEZ up by 3.65%, Infosys up by 2.23% and Larsen & Toubro up by 2.07%. On the flip side, Eternal down by 0.59%, Reliance Industries down by 0.36% and ICICI Bank down by 0.15% were the top losers.

Meanwhile, during event organised by the Confederation of Indian Industry (CII), Commerce and Industry Minister Piyush Goyal has expressed confidence that India would achieve $1 trillion in exports of goods and services during the current fiscal (FY27) despite a challenging global economic environment.

The minister noted that India recorded highest-ever exports in FY 2025-26 reaching a record $863.1 billion, with merchandise exports reaching $441.8 billion and services exports expanding further to $421.3 billion, reflecting the combined strength of India’s merchandise and services sectors in driving export growth. 

He further said ‘the world is building walls and India is building bridges’, and added that the 9 free trade agreements (FTAs) finalised by India will provide huge business opportunities for exporters. He suggested industry chamber CII to set up FTA utilisation cells in states. He added that the trade pacts provide export opportunities for agriculture as well as marine goods.

The CNX Nifty is currently trading at 22544.95, up by 313.15 points or 1.41% after trading in a range of 22294.75 and 22580.75. There were 44 stocks advancing against 6 stocks declining on the index.

The top gainers on Nifty were ITC up by 4.55%, Eicher Motors up by 4.41%, TCS up by 4.30%, Apollo Hospital Enterprise up by 4.25% and HCL Technologies up by 3.41%. On the flip side, BSE down by 1.55%, Reliance Industries down by 0.63%, JSW Steel down by 0.42%, Cipla down by 0.09% and SBI Life Insurance down by 0.05% were the top losers.

Asian equity markets were trading mixed; Hang Seng advanced 349.21 points or 1.45% to 24,135.00, Shanghai Composite strengthened 1.89 points or 0.05% to 3,813.79 and Jakarta Composite gained 55.28 points or 0.91% to 6,086.56, while Nikkei 225 slipped 17.11 points or 0.02% to 69,025.00 and Straits Times fell 13.08 points or 0.24% to 5,399.88. Meanwhile, Taiwanese and South Korean markets remained closed on account of holiday.

European equity markets were trading higher; UK’s FTSE 100 increased 83.54 points or 0.8% to 10,525.14, France’s CAC rose 47.31 points or 0.61% to 7,777.00 and Germany’s DAX gained 268.63 points or 1.08% to 25,075.60.
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