2 hrs ago
Crude, Asian Sell-Off Point to Cautious Indian Market Opening
Indian shares had a difficult trading session and were expected to begin another session cautiously.
The Sensex and Nifty both fell sharply in the previous session.
Oil became more expensive because fighting and tension in the Middle East raised fears about supply problems.
Higher oil prices can make inflation worse and worry investors.
Asian markets, including Japan, South Korea and Taiwan, were also mostly lower.
US shares fell for a third day, and US government bond yields moved higher.
These global signals suggested that Indian stocks could start under pressure.
However, analysts said the Nifty might recover if it stayed above important support levels.
GIFT Nifty readings pointed to a weak or muted opening for Indian equities on September 10, with reported levels near 23,461.50-23,465.
The Sensex fell 813.35 points, or 1.08%, to 74,764.23, while the Nifty 50 dropped 0.86% to 23,431.50 in the previous session.
Brent crude traded above $101 a barrel as Middle East tensions raised concerns about possible supply disruptions and renewed inflationary pressure.
Asian markets were mostly lower, including declines in the Nikkei 225, KOSPI, Taiwan’s TAIEX and Australia’s S&P/ASX 200.
US stocks fell for a third consecutive session, while the US 10-year Treasury yield rose to 4.857% despite a planned government bond-buyback programme.
- Who
- Indian investors, global markets and analysts including Hariselvan Radhakrishnan, Ajit Mishra, Sachin Gupta and Rupak De.
- What
- Global market weakness, rising crude prices and higher US bond yields were expected to influence the Sensex and Nifty.
- Where
- Indian markets, influenced by developments in the United States, Asia and the Middle East.
- When
- Thursday, September 10, 2026, following the previous session’s decline.
- Why
- Middle East tensions pushed crude above $101 a barrel, while falling global equities and rising US yields weakened investor sentiment.
Downside Risks
Potential Recovery
Near-term market direction
Downside Risks
Analysts warned that a break below 23,400 could trigger further Nifty weakness, while the Sensex remained below the 75,000 mark with a sideways-to-bearish bias.
Potential Recovery
The Nifty’s RSI was described as oversold, and holding above 23,500 could allow a meaningful technical recovery or bargain buying.
Impact of global conditions
Downside Risks
Higher crude prices, Middle East tensions, falling Asian and US markets, and rising US yields were seen as continuing sources of pressure.
Potential Recovery
US stock futures were mixed to slightly positive in parts of trading, and domestic institutional investors remained net buyers, which could provide some support.
Key facts
- Previous Sensex close
- 74,764.23, down 813.35 points or 1.08%
- Previous Nifty 50 close
- 23,431.50, down 0.86%
- GIFT Nifty
- Reported near 23,461.50-23,465, indicating a negative or muted start; the two reports gave different readings
- Brent crude
- Reported between $101.34 and $101.84 a barrel
- WTI crude
- Reported between $96.06 and $96.55 a barrel
- US 10-year Treasury yield
- Rose to 4.857% despite a planned $6 billion buyback of longer-dated debt
- Foreign and domestic flows
- Foreign investors sold Rs 583 crore of Indian equities, while domestic institutions bought Rs 1,509 crore on September 9
- Key Nifty levels
- Support was identified around 23,400-23,300, with 23,500 also cited as a possible recovery threshold
Quotes
Hariselvan Radhakrishnan
Founder and CEO of HST Wealth
“Markets remained under pressure on Wednesday, extending the recent corrective phase as escalating geopolitical tensions continued to weigh on investor sentiment. The Nifty declined 0.86% to close at 23,431.50, while the Sensex fell 1.08% to 74,764.23. Investor sentiment remained fragile as Brent crude moved back above $100 per barrel amid escalating tensions in the Middle East and concerns over potential disruptions to global energy supplies. The rupee also came under pressure, briefly weakening”
livemint.com
“Indian equities are likely to open flat to mildly negative, with GIFT Nifty indicating a cautious start. Global sentiment remains weak as elevated crude oil prices and rising bond yields revive concerns over inflation and the outlook for interest rates. Beyond the opening, the market's response around the 23,400-23,300 zone will be crucial in determining whether the decline extends further or bargain buying sparks a technical recovery.”
livemint.com
Sources
Related news
Sensex, Nifty Face Weak Start as Crude Tops $96
Sensex, Nifty see muted opens as crude hovers near $90
Indian Stocks Face Cautious Open as Crude Nears $102
Indian Stocks Under Pressure as Oil and Global Yields Rise
GIFT Nifty Signals Diverge as Crude Holds Above $90
Indian Markets Face Mixed Global Cues as Oil Surges
Asian Stocks Reverse Gains as Oil Nears $100
Asian Gains, Crude Surge Shape Sensex Nifty Monday Outlook
India's Strong GDP Growth Fails to Lift Stock Markets
Sensex, Nifty Face Resistance as Asian Markets Trade Mixed
