Gift Nifty September 2026 futures have plunged 138.50 points to 23,321.50, signaling a weak start for Friday's trading session, as reported by NDTV Profit. According to Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, the Gift Nifty live chart is oscillating around yesterday's spot Nifty 50 close, signaling a cautious start for Dalal Street indices. Parekh believes the Indian stock market may open flat, with bears potentially outsmarting bulls if the 50-stock index fails to regain the psychological 24,000 level on a closing basis. The latest technical analysis suggests that Gift Nifty (23,600) now has to sustain above 23,500 for any rebound to 24,000/24,300/24,500/24,800, while sustaining below 23,500 could lead to further decline to 23,300/23,150/22,500/22,300 in the coming days/weeks.
Brent crude surged 6% to $107.21 a barrel, crossing the $107 mark for the first time since May 21, as reported by NDTV Profit. Heating oil futures for October delivery also touched $5.0189 per gallon on Thursday, their highest level since April 29, 2022. The sharp rise in oil prices has intensified concerns around inflation and the potential impact of higher energy costs on global economic growth. The geopolitical situation intensified after Tehran warned that it was prepared for a more intense confrontation, with the latest developments reviving concerns about potential disruptions to energy flows through the Strait of Hormuz, one of the world's most important oil shipping routes. Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking, noted that elevated Brent prices and uncertainty around the geopolitical situation remained key drags on investor sentiment.
US stocks declined on Thursday as crude oil prices climbed above $100 a barrel, raising fears that a prolonged war in the Middle East could fuel inflation and keep interest rates higher for longer, according to NDTV Profit. The Dow Jones Industrial Average fell around 315 points, or 0.6%, while the S&P 500 declined 0.5% and the Nasdaq Composite also slipped 0.5%. The rise in energy prices pushed the 10-year US Treasury yield above 4.9%, its highest level since November 2023. High-beta chip stocks, which have been among the biggest drivers of the recent market rally, came under pressure as investors assessed the impact of higher rates and energy costs on economic growth. Intel and Micron Technology both fell 5%, highlighting the impact of rising energy costs on technology sector valuations.
Asian shares traded lower on Thursday, 10 September 2026, tracking overnight losses on Wall Street as a sharp rise in crude oil prices and higher US Treasury yields heightened concerns over inflation and interest rates, according to Business Standard. The US Dow Jones index futures are currently up by 142 points, signaling a positive opening for US stocks today. However, the regional sentiment remains cautious as investors monitor escalating Middle East tensions and rising crude oil prices. China's CPI rose 0.8% year on year in August, accelerating from 0.5% in July, while core CPI increased 1.0% from 0.9% a month earlier. The PPI rose 3.8%, up from 3.5% in July, with China's official data attributing the rise in consumer inflation partly to higher energy prices.
The S&P BSE Sensex tanked 813.35 points or 1.08% to 74,764.23, while the Nifty 50 index tumbled 203.60 points or 0.86% to 23,431.50, as reported by Business Standard. Over the three consecutive sessions, the Sensex and Nifty have declined 2.29% and 1.95% respectively. Foreign portfolio investors (FPIs) sold shares worth ₹582.99 crore, while domestic institutional investors (DIIs) were net buyers to the tune of ₹1,509.04 crore in the Indian equity market on 9 September 2026, according to provisional data. FPIs sold shares worth ₹13,200.41 crore in September so far, following net cash purchases of ₹17,366 crore in August 2026. India is particularly vulnerable to higher fuel prices as it imports about 85% of its crude oil requirements, making the country sensitive to global energy price movements.
