Markets opened on a positive note on Friday, September 4, 2026, with the Sensex settling 362.57 points or 0.48% higher at 76,515.43 and the Nifty 50 advancing 24.25 points or 0.10% to 23,897.70, as reported by TradingView News. The Sensex, which closed at 76,152.86 on Thursday, opened at 76,657.02 and was trading higher, while the Nifty 50, which ended the previous session at 23,873.45, opened at 23,910.90. According to CNBC TV18, the indices ended marginally higher on September 4, snapping a four-session losing streak as investors made selective purchases across sectors. The Sensex surged as much as 730.28 points, or 0.95%, during the day to hit an intraday high of 76,883.14, while the Nifty breached the 24,000 level to hit a high of 24,005.75, up by 132 points before paring gains in the closing auction session. Despite Friday's recovery, the Nifty ended the week lower by 1.15%, marking its fourth consecutive weekly decline, with the Sensex also falling around 750 points during the week. The rebound in domestic equities came amid a broad-based rally across Asian markets, with Hong Kong's Hang Seng climbing 2%, South Korea's KOSPI advancing 1.3%, Japan's Nikkei 225 gaining 1.11%, and Shanghai's SSE Composite trading 0.35% higher. US markets had also ended more than 1% higher in overnight deals on Thursday, setting a positive tone for Asian equities, with Wall Street futures also trading higher on Friday morning, indicating a firm start for US equities.
The IT sector emerged as the top performer in early trade, with Tech Mahindra rising 1.44% to ₹1,621, TCS gaining 1.32% to ₹2,350.70, and Wipro advancing 1.27% to ₹177.96, as reported by The Hindu BusinessLine. The IT sector's strong showing came after the index fell nearly 1% in the previous session. Reliance Industries climbed 1.21% to ₹1,318.20, while Infosys added 1.14% to trade at ₹1,143.20. However, Grasim Industries fell 0.99% to ₹3,277.30, Eicher Motors dropped 0.96% to ₹7,616, and Maruti Suzuki declined 0.54% to ₹12,788. Nestle India slipped 0.49% to ₹1,409, while Adani Ports shed 0.48% to ₹1,698.30. The Nifty Oil and Gas index outperformed, gaining 1.30%, while Nifty Healthcare, Realty, Chemicals and Consumer Durables also ended lower. Among Sensex constituents, Bajaj Finserv, Bharat Electronics Ltd, IndiGo, Trent, Reliance Industries, Infosys, Titan, Adani Ports, UltraTech Cement, Bajaj Finance, Kotak Mahindra Bank, HDFC Bank, and State Bank of India were the major gainers, while Axis Bank, Eternal, ICICI Bank and Asian Paints were among the laggards. Bharti Airtel, HCLTech and Eternal shares fell over 1% each, bucking the broader market trend.
Wall Street staged a broad-based recovery overnight, with the Dow Jones, S&P 500, and Nasdaq gaining 1.2%, 1.1%, and 1.4% respectively, as reported by The Hindu BusinessLine. Technology stocks led the rebound after US Federal Reserve Governor Christopher Waller signalled that another rate hike may not be necessary if inflation data remains moderate. The US 10-year Treasury yield eased to around 4.76%, providing relief to risk assets globally. Asian markets were also trading higher, with Japan's Nikkei 225 up around 0.5% and South Korea's Kospi gaining more than 1%. GIFT Nifty was trading around 90 to 120 points higher ahead of the open, signalling a positive start. Brent crude, however, remained a key concern, jumping about 7% this week as intensifying US-Iran hostilities stoked inflation concerns and drove global bond yields higher, pressuring risk assets. Elevated energy prices remain a key headwind for inflation expectations and global financial markets, noted analysts at Enrich Money. The market's immediate focus is on the US non-farm payrolls report due later on Friday. "An outcome in line with, or softer than, expectations would reinforce the case for the Federal Reserve to remain on hold this month," said Hariselvan Radhakrishnan, Founder and CEO of HST Wealth, adding that "a stronger-than-expected reading could revive expectations of further policy tightening."
A CMIE report showed a 97% surge in private investment in Q1 FY27 over Q1 FY26, signalling a turnaround in capital expenditure, as reported by The Hindu BusinessLine. Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that "after a long time, private capex is improving and this bodes well for economic growth, going forward," though he cautioned that "rising bond yields are negative for equity markets," with the US 10-year yield hovering around 4.8%, Japan's at a 30-year high of 3%, the UK's 30-year yield at 6%, and India's 10-year yield close to 7%. Shrikant Chouhan, Head of Equity Research at Kotak Securities, said "as long as the market remains below the 24,000/76,700 levels, bearish sentiment is likely to persist," with downside risk to the 23,800-23,750 range on the Nifty and 76,000-75,700 on the Sensex. A move above 24,000 could push the index toward 24,100-24,150. Sachin Gupta of Choice Broking noted that "Nifty may witness selective buying on dips, but volatility is likely to remain high, making the 24,000-24,050 zone crucial for further upside." India VIX stood at 11.31, indicating contained volatility. Foreign Institutional Investors sold ₹2,346 crore worth of Indian equities on Thursday, while Domestic Institutional Investors bought ₹4,977 crore, cushioning the market. BSE jumped 4.5%, Angel One gained 5.4%, and Groww rose 2.5%, while Nuvama Wealth and Motilal Oswal added 1.2% each. Anand James, Chief Market Strategist at Geojit Investments, said "Yesterday's upswings failed to signal strength, while the slippages also eased without penetrating our downside marker of 23860. We are inclined to retain this downside marker and expect a stretch towards 23960-24080 and not much beyond. Meanwhile, the 24150-24215 region will continue to be our hurdle to cross before strength is confirmed."
Capital market stocks remained in focus after the Securities and Exchange Board of India (SEBI) update on CAS, with BSE gaining 9% in two days following the update. As reported by CNBC TV18, insurance stocks were particularly active in trade, with SBI Life Insurance emerging as the top Nifty gainer. Additionally, New India Assurance surged 17% and IFCI gained 5%, amid sources indicating that SEBI is likely to approve the National Stock Exchange of India's (NSE) initial public offering (IPO) next week. The positive sentiment around SEBI developments provided support to capital market-related stocks throughout the session. SEBI said it would issue a consultation paper on revising the mechanism, adding to the positive momentum in capital market stocks.
