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Indian stock markets opened higher (Img: Pinterest)
Mumbai: Indian equity markets staged a recovery at the opening bell on Friday, October 9, following heavy losses in the previous trading session. The BSE Sensex surged more than 430 points, while the NSE Nifty 50 moved above the 22,350 mark, offering some relief to investors after Thursday’s steep decline.
The Sensex rose around 423 points, or 0.59%, to 72,016.18 in early trade. The Nifty 50 gained nearly 145 points, or 0.65%, to reach 22,376.65. The opening gains came after both benchmark indices ended Thursday’s session significantly lower amid concerns over crude oil prices, interest rates and foreign investor outflows.
Information technology stocks emerged among the key drivers of Friday’s early rebound. The Nifty IT index climbed around 2%, supported by gains in major technology companies.
Tata Consultancy Services (TCS), Infosys, ITC, Tech Mahindra and HCL Technologies were among the stocks trading higher in early deals. TCS attracted investor attention after reporting its second-quarter results, providing support to sentiment across the IT sector.
The recovery followed a difficult session for technology shares and the broader market, as investors assessed global economic uncertainty and developments affecting the Indian IT industry.
On Thursday, October 8, the Sensex plunged 1,045.46 points, or 1.44%, to close at 71,593.24. The Nifty 50 declined 371.25 points, or 1.64%, to settle at 22,231.80.
Elevated crude oil prices, a weaker rupee, rising US Treasury yields and concerns following the Reserve Bank of India’s tighter monetary policy stance weighed on investor sentiment. Foreign institutional investor selling added to the pressure.
The sharp fall pushed both benchmark indices to fresh lows for 2026, increasing expectations of a potential technical rebound.
Despite Friday’s positive opening, uncertainty remains in the market. Investors will continue tracking crude oil prices, global market movements, foreign fund flows and corporate earnings for further direction.
The latest gains indicate a recovery from Thursday’s sell-off, but a sustained market rebound will depend on whether buying momentum continues through the trading session.
Investors should remain cautious amid elevated volatility and avoid interpreting a single session’s gains as confirmation of a lasting market recovery.
