Archive · 24 Sep 2026
Indian Markets Recover, Face Mixed Global Cues and Risks
Indian stocks went up for a second day on Wednesday, September 23.
The Nifty and Sensex both gained about half a percent.
Lower oil prices and hopes for progress between the United States and Iran helped investors feel more confident.
However, a market indicator called GIFT Nifty suggested that Indian stocks could open weak on Thursday.
Global markets sent mixed signals, with Japan rising but Taiwan falling.
US stocks declined as bond yields and oil prices increased.
Analysts said the Nifty may struggle near 23,500 to 23,600.
They also said the Sensex could stay between about 74,300 and 75,300 unless it breaks out or falls decisively.
Indian equities recovered on Wednesday, September 23, with the Nifty 50 rising 0.50% to 23,446 and the Sensex gaining 0.40% to 74,828.25.
GIFT Nifty indicated a muted or gap-down opening for Thursday, September 24, trading near 23,337, according to the article.
Analysts placed Nifty support around 23,300–23,350 and resistance between 23,500 and 23,600, while Sensex support was identified at 74,300–74,500.
Asian markets were mixed: Japan’s Nikkei 225 rose, while Taiwan’s TAIEX traded lower; earlier, South Korea’s Kospi and Taiwan’s TAIEX had gained.
Lower crude prices had supported Wednesday’s recovery, but oil later rose above $92 for WTI and $103 for Brent amid renewed US-Iran tensions, while higher US bond yields pressured Wall Street.
- Who
- Indian investors, market analysts and benchmark-index traders, with commentary from Ajit Mishra, Sachin Gupta, Rupak De and Osho Krishan.
- What
- Indian stocks recovered on Wednesday but were expected to open muted or lower on Thursday amid mixed global markets, changing crude prices and technical resistance.
- When
- Wednesday and Thursday, September 23–24, 2026.
- Where
- Indian stock exchanges, with market signals from the United States, Japan, South Korea, Taiwan and global crude-oil markets.
- Why
- Wednesday’s gains were supported by softer crude prices and reported progress in US diplomatic efforts involving Iran, while Thursday’s risks included higher oil prices, rising US bond yields, profit-taking and persistent geopolitical uncertainty.
Recovery and Supportive Factors
Caution and Downside Risks
Near-term market direction
Recovery and Supportive Factors
The Wednesday recovery, supportive global cues and lower crude prices had helped Indian benchmarks gain for a second straight session.
Caution and Downside Risks
GIFT Nifty indicated a weak Thursday opening, while persistent volatility, foreign-investor outflows and mixed heavyweight performance could limit the rebound.
Nifty technical outlook
Recovery and Supportive Factors
A sustained move above 23,500–23,600 could revive bullish momentum and potentially take the index toward 23,800.
Caution and Downside Risks
The Nifty’s bearish technical signals and a break below the 23,300–23,350 support area could expose lower levels, including 23,120–23,100 or 23,000.
Global risk factors
Recovery and Supportive Factors
Earlier easing crude prices and reported progress in US diplomatic efforts involving Iran supported investor confidence.
Caution and Downside Risks
Oil later rose above $92 for WTI and $103 for Brent, while higher US Treasury yields and profit-taking pushed US equities lower.
- Wednesday Nifty 50 close
- 23,446, up 0.50%; another passage gives the precise close as 23,446.80.
- Wednesday Sensex close
- 74,828.25, up 299.17 points or 0.40%.
- Thursday opening signal
- GIFT Nifty was reported near 23,337, indicating a muted or gap-down opening.
- Nifty levels
- Support was cited around 23,300–23,350; resistance was placed at 23,500–23,600, with 23,800 as a subsequent level if resistance breaks.
- Sensex levels
- Support was identified at 74,300–74,500 and resistance at 75,000–75,300.
- US market performance
- The Dow Jones fell 350 points, the S&P 500 declined 0.75% and the Nasdaq dropped 1.1% on Wednesday.
- Crude oil
- WTI traded above $92 a barrel, while Brent settled above $103 after oil prices rose on renewed US-Iran tensions.
