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.
18 Articles
18 Articles
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.
Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a positive start; Asian shares trade mixed
Sensex Today | Nifty 50 | Stock Market Live Updates: Indian equity markets extended their opening losses into a broad-based sell-off on Thursday, with the benchmark NSE Nifty 50 breaking below key support levels at 23,300 and 23,200. The index closed at 23,063.10, down 383.70 points, or 1.64%. Technically, immediate support for the Nifty is seen at 23,000, below which the index could decline towards 22,700. On the upside, 23,200 is likely to act…
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