2 hrs ago
Indian Markets Open Higher as IT Stocks Lead Gains
Indian stock markets started Friday higher.
The Sensex and Nifty both gained in early trading.
Technology companies led the rise after falling the previous day.
Markets were helped by gains in the United States and other Asian countries.
Lower US government bond yields also made shares more attractive.
However, expensive oil could make inflation worse and hurt markets.
Investors were waiting for a US jobs report later that day.
A strong report could make investors worry that US interest rates will stay high.
A weaker or expected report could support hopes that the Federal Reserve will keep rates unchanged.
The Sensex rose 490.46 points, or 0.64%, to 76,643.32 in early trade on September 4, 2026.
The Nifty 50 gained 40.90 points, or 0.17%, to 23,914.35, approaching the 24,000 level.
Tech Mahindra, TCS, Wipro, Reliance Industries, and Infosys were among the leading gainers.
Auto and FMCG stocks declined, with Grasim Industries, Eicher Motors, Maruti Suzuki, Nestle India, and Adani Ports among the laggards.
Global gains and easing US Treasury yields supported sentiment, while high crude prices and upcoming US jobs data remained key risks.
- Who
- Indian equity markets, including the Sensex and Nifty 50, along with technology, auto, FMCG, and other listed companies.
- What
- Indian markets opened higher, led by IT stocks, with the Nifty nearing 24,000.
- Where
- Indian stock exchanges, amid movements in US and Asian markets.
- When
- Friday, September 4, 2026; the reported figures were recorded at 9:21 AM.
- Why
- Overnight gains on Wall Street, higher Asian markets, and easing US Treasury yields supported sentiment, while crude prices and US employment data remained concerns.
Positive Signals
Risks and Caution
Economic outlook
Positive Signals
The 97% rise in private investment reported by CMIE was described as a sign of improving capital expenditure and a potential boost to future economic growth.
Risks and Caution
Dr. V K Vijayakumar cautioned that rising bond yields are negative for equity markets, with yields elevated across several major economies.
Market direction
Positive Signals
A move above 24,000 on the Nifty could open the way toward 24,100-24,150, and analysts expected selective buying on dips.
Risks and Caution
Below 24,000 on the Nifty and 76,700 on the Sensex, bearish sentiment may persist, with downside levels identified at 23,800-23,750 and 76,000-75,700.
Global factors
Positive Signals
Overnight gains on Wall Street, stronger Asian markets, and easing US Treasury yields supported risk assets and helped Indian equities open higher.
Risks and Caution
Brent crude near $96, supply-disruption concerns linked to the US-Iran conflict, and a stronger-than-expected US jobs report could increase inflation or rate-tightening concerns.
Key facts
- Sensex
- Trading at 76,643.32, up 490.46 points or 0.64% in early trade.
- Nifty 50
- Trading at 23,914.35, up 40.90 points or 0.17%.
- Top IT gainer
- Tech Mahindra rose 1.44% to ₹1,621.
- Crude oil
- Brent crude remained near $96 per barrel, while WTI traded around $91-$92.
- Institutional flows
- Foreign institutional investors sold ₹2,346 crore of Indian equities on Thursday, while domestic institutions bought ₹4,977 crore.
- Private investment
- A CMIE report showed private investment surged 97% in Q1 FY27 compared with Q1 FY26.
- Market volatility
- India VIX stood at 11.31.
Quotes
Analysts at Enrich Money
Analysts commenting on the impact of crude prices on markets
“An outcome in line with, or softer than, expectations would reinforce the case for the Federal Reserve to remain on hold this month.”
thehindubusinessline.com
“Elevated energy prices remain a key headwind for inflation expectations and global financial markets.”
thehindubusinessline.com
Sources
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