Archive · 9 Oct 2026
Indian Markets Open Higher as IT Shares Surge
Indian share markets started Friday higher.
The Sensex and Nifty both rose at the opening.
Technology shares climbed the most, with the Nifty IT index gaining more than 3 per cent.
The article linked the strong IT buying to a US government announcement about the Permanent Labor Certification Program.
Other sectors, including food, media, healthcare, real estate, and private banks, also edged higher.
Investors were still concerned about high oil prices and US bond yields.
Foreign investors had sold many Indian shares, while Indian institutions bought shares to provide some support.
Analysts said markets could remain unsettled, although some long-term investors may see opportunities in high-quality stocks.
The Sensex opened at 71,776.67, up 183.43 points or 0.26 per cent.
The Nifty began at 22,314.95, gaining 83.15 points or 0.37 per cent.
Nifty IT rose more than 3 per cent after a US announcement concerning the Permanent Labor Certification Program.
Foreign institutional investors sold equities worth Rs 12,943 crore on Thursday, while domestic institutions bought Rs 10,703 crore.
Elevated crude prices, high US bond yields, and sustained foreign selling continued to weigh on market sentiment.
- Who
- Indian equity markets, including the Sensex and Nifty; foreign and domestic institutional investors.
- What
- Domestic benchmarks opened higher, led by a more than 3 per cent rise in Nifty IT.
- When
- Friday morning; the article also reports investor transactions from Thursday and October so far.
- Where
- Mumbai, India.
- Why
- Strong buying in IT shares followed a US government announcement about the Permanent Labor Certification Program; broader sentiment remained affected by crude prices, US bond yields, and foreign selling.
Cautious market outlook
Potential buying opportunity
Near-term direction
Cautious market outlook
Market experts said elevated crude prices, high US bond yields, and continued FII selling could keep pressure on shares and encourage further selling.
Potential buying opportunity
Analysts hoped for a short-term rebound, while noting that upside could remain limited unless the Nifty moved above the cited resistance band.
Long-term investing
Cautious market outlook
The article describes a corrective phase and ongoing market pressures that may continue to weigh on prices.
Potential buying opportunity
Market experts said corrections can create opportunities for patient long-term investors to accumulate high-quality stocks.
- Sensex opening
- 71,776.67, up 183.43 points or 0.26 per cent.
- Nifty opening
- 22,314.95, up 83.15 points or 0.37 per cent.
- Nifty IT
- Rose more than 3 per cent to 28,604.75 and reached an intraday high in morning trade.
- FII activity on Thursday
- Net equity sales of Rs 12,943 crore.
- DII activity on Thursday
- Net equity purchases of Rs 10,703 crore.
- FII sales in October
- Rs 36,210 crore through exchanges so far in October.
- Other reported market pressures
- Elevated crude oil prices, high US bond yields, weakness in US technology stocks, and Middle East tensions.