India’s Sensex rose 879 points on October 9.
The Nifty gained 289 points.
IT stocks rallied after TCS results.
Crude oil eased below $103 a barrel.
Shares had fallen for two sessions before.
Reliance Industries was the only major Sensex laggard, with its shares falling 0.55%.
Global crude prices were trading below $103 a barrel on Friday, after reaching $105.02 a barrel on the previous evening.
Lower oil eased concerns over inflation and corporate profits.
Reduced fears of an immediate escalation between the US and Iran also helped restore risk appetite, according to one report.
Another report attributed the rebound to value buying and short covering after the sharp correction.
At 1 pm the Sensex was up 828 points, and at 3 pm it was up about 1,043 points before easing at the close.
In the closing auction session, the Nifty was at 22,535.65, which is why the headline figure differs from the settled 22,520.45.
The RBI had raised the repo rate by 25 basis points to 5.50% on October 7, its first hike since February 2023.
On October 8, the Sensex had fallen 1,045 points to 71,593.24 and the Nifty 371 points to 22,231.80.
The Sensex is the 30-share index of the BSE, and the Nifty 50 is the benchmark index of the NSE.
This report is not investment advice, and market direction can change quickly.
The Sensex rose 879.09 points, or 1.23%, to close at 72,472.33 on Friday, October 9, 2026.
The Nifty 50 gained 288.65 points, or 1.30%, to close at 22,520.45, according to Business Standard.
Reports differ slightly on the Nifty’s gain, with one giving 288.55 points.
The rebound followed two sessions of losses, in which the Sensex had fallen about 1,475 points from its October 6 close.
The Nifty IT index was the biggest gainer, up 3.02%, followed by the Nifty FMCG index, up 2.20%, according to Upstox.
National Stock Exchange of India, Mumbai (file image), Wikimedia Commons, CC BY-SA 4.0
