12 hrs ago
Indian stock markets recover from lows, end week down 2%
Indian share prices had a very unsettled day on Friday.
They dropped sharply at first but recovered much of that loss before markets closed.
The Sensex and Nifty still finished slightly lower for the day.
Over the whole week, both indexes fell about 2%.
Some private-bank shares rose, while metal and real-estate shares dropped more strongly.
Higher oil prices and worries about interest rates pressured the market.
Good news from some technology shares and European markets helped prices recover.
The rupee also weakened against the dollar for the fourth day in a row.
Experts said investors are still buying some shares when prices become cheaper, but market volatility may continue.
The Sensex fell 120.83 points, or 0.16%, to 74,781.76, while the Nifty declined 79.70 points, or 0.34%, to 23,398.10.
Both the BSE Sensex and Nifty lost 2% during the week.
Private-bank shares gained 0.5%, while Metal and Realty indices fell more than 2% each.
Dr. Reddy’s Laboratories, HDFC Bank, ITC, Tech Mahindra and Wipro were among the Nifty gainers.
The rupee weakened 11 paise to 95.55 per dollar, marking its fourth straight session of decline.
- Who
- Indian stock-market investors, companies and institutions; Geojit Investments Limited research head Vinod Nair provided market commentary.
- What
- Indian equities recovered sharply from their intraday lows but closed lower, with the Sensex and Nifty each losing 2% for the week.
- Where
- Indian stock markets; the rupee traded against the US dollar.
- When
- Friday; the market will be closed on Monday, September 14, 2026, for Ganesh Chaturthi.
- Why
- Higher crude-oil prices, expectations of tighter global monetary policy, rising bond yields, foreign-investor outflows and geopolitical uncertainty weighed on markets, while value buying and a positive European-market opening supported the recovery.
Downside pressures
Recovery and support factors
Near-term market direction
Downside pressures
Higher crude prices, stronger US economic data, producer inflation, rising bond yields and foreign-investor outflows could prolong volatility and corrective trading.
Recovery and support factors
Value buying in selected sectors, particularly information technology, helped the market rebound from its intraday low.
Medium-term outlook
Downside pressures
Weak market breadth, geopolitical uncertainty and elevated oil prices suggest broader consolidation may continue.
Recovery and support factors
Vinod Nair said resilient domestic fundamentals and strong institutional support are attracting buying at lower levels and limiting downside risks.
Key facts
- Sensex close
- 74,781.76, down 120.83 points or 0.16%
- Nifty close
- 23,398.10, down 79.70 points or 0.34%
- Weekly performance
- The BSE Sensex and Nifty each declined 2%
- Best-performing sector mentioned
- Nifty Private Bank, up 0.5%
- Weakest sectors mentioned
- Metal and Realty, each down more than 2%
- Rupee close
- 95.55 per dollar, down 11 paise
- Market holiday
- Monday, September 14, 2026, for Ganesh Chaturthi
Quotes
Vinod Nair
Head of Research at Geojit Investments Limited
“A sharp spike in crude oil prices and concerns over a higher global rate environment weighed on domestic equities, extending the recent corrective trend. The higher producer inflation and strong US economic data reinforced expectations of tighter monetary policy, pushing bond yields higher and sustaining FII outflows.”
thestatesman.com
“However, the market recovered from intraday lows, aided by value buying in select sectors, particularly IT, following a positive opening in European markets. Despite the rebound, weak market breadth suggests broader consolidation persists.”
thestatesman.com
Sources
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