Business · Markets · 2 days ago
Indian stocks rebound, ending Nifty 50’s eight-week losing streak
Indian stocks rose on Friday, with the Nifty 50 gaining 1.3% to close at about 22,520 and the Sensex also climbing.
The rebound ended the Nifty 50’s eight-week streak of weekly losses, though the index remains down over the past year.
IT shares led the gains, rising 3%, as investors responded to TCS results and bought stocks after recent declines.
Most sectors and many individual stocks also rose, while oil and gas shares were the only sector group to finish lower.
Concerns about oil prices and tensions involving the United States and Iran remain a risk for markets.
Investors are watching India’s inflation data due Monday and upcoming company results for signs of whether the recovery can last.
The direction of oil prices is another key factor for the market in the coming days.
Indian shares rose on Friday, ending the Nifty 50’s eight-week losing streak.
The Nifty 50 closed at 22,520.45, up 1.30%, while the Sensex gained 1.23% to 72,472.33.
Information technology stocks led sector gains, with the Nifty IT index rising 3%.
Buying interest and improving global cues lifted sentiment, while TCS results added confidence to IT stocks.
Investors remained focused on oil prices and awaited domestic CPI data for further signals.
- Who
- Indian equity markets, including the Nifty 50 and Sensex.
- What
- Shares rebounded, and the Nifty 50 ended its eight-week losing streak.
- When
- Friday, October 9, 2026.
- Where
- India’s stock market, including the NSE and BSE.
- Why
- Bargain buying and improving global cues lifted sentiment; TCS results also supported IT stocks.
This story does not have two clearly opposing sides.
TCS’ quarterly results gave a little confidence to IT stocks, but Nifty's rebound is more of a short-term recovery driven by bargain buying
Investors now await domestic CPI data on Monday for further cues on the interest-rate trajectory after the RBI's shift to calibrated tightening.
Next week depends on the oil price. If oil comes down, we may see some sustained recovery.
NSE-listed stocks’ market value fell by ₹10 trillion, according to Business Standard.
Indian shares rebounded, and the Nifty 50 rose 1.30% to close at 22,520.45.
Investors were awaiting domestic CPI data for further cues on the interest-rate trajectory.
- Nifty 50 close
- 22,520.45, up 1.30%
- Eight-week streak
- Ended with Friday’s rebound
- Nifty IT
- Rose 3%
- Sensex close
- 72,472.33, up 1.23%
- NSE market breadth
- 2,182 stocks closed higher, 1,393 lower and 108 unchanged
Sources
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