Markets were trading with modest gains at midday on Friday, September 4, 2026, with the Sensex up 536 points and the Nifty 50 adding 67 points as of 12.50 PM, supported by positive global cues and selective buying in financial and energy stocks. However, gains remained capped as the Nifty continued to struggle below the critical 24,000 level.
The was trading at 76,689.20, up 536.34 points or 0.70 per cent, while the was at 23,940.10, up 66.65 points or 0.28 per cent. The broader market outperformed the benchmarks, with the Nifty Smallcap Index scaling a fresh lifetime high in intraday trade. On the , 2,356 stocks were advancing against 1,316 declining, with 146 stocks hitting 52-week highs and 65 touching 52-week lows. A total of 155 stocks were locked in upper circuit and 140 in lower circuit.
SBI Life Insurance was the top Nifty gainer, rising 2.26 per cent to ₹1,753.80. Reliance Industries advanced 1.99 per cent to ₹1,328.40, while HDFC Life Insurance gained 1.78 per cent to ₹543. Adani Enterprises climbed 1.47 per cent to ₹2,943.60, and Wipro added 1.24 per cent to ₹177.90. Finance emerged as the best-performing sectoral index, with insurance and heavyweights leading.
On the losing side, HCL Technologies fell 1.17 per cent to ₹1,303.60, while Eicher Motors dropped 1.15 per cent to ₹7,601.50. Maruti Suzuki declined 1.07 per cent to ₹12,720, Bajaj Finserv slipped 0.97 per cent to ₹1,972.80, and shed 0.88 per cent to ₹1,382.40. Nifty Media was the worst-performing sectoral index. Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted that “Reliance Industries and HDFC Bank are providing key support and currently remain the top contributors to the Nifty.”
Shah flagged that “the zone of 23,860–23,840 will act as a crucial support for the index while the resistance lies in the zone of 24,030–24,050.” On the options front, meaningful call writing was observed at the 24,000 and 24,100 strikes, while the 23,900 put has substantial open interest, followed by the 23,800 strike. Nifty’s Advance-Decline ratio stood at 33:17. On the Sensex, support is placed at 76,400 and resistance at 77,200.
Gold was trading at $4,468 per ounce, up 0.6 per cent, holding near record highs. In domestic markets, MCX Gold was down 0.50 per cent near ₹1,55,000 per 10 grams, pressured by a firmer rupee even as the global macro backdrop remained supportive. Gaurav Garg, Head of Research at Lemonn, said “…easing Fed rate-hike expectations following softer U.S. labour signals… have supported gold near record highs,” with markets now focused on the U.S. Nonfarm Payrolls report due later in the day.
Silver was weaker, with COMEX Silver down 0.64 per cent at $66.8 per ounce and MCX Silver down 0.61 per cent, holding above ₹2,40,000 per kilogram. WTI crude was up 0.46 per cent at $91.85 per barrel, with MCX Crude Oil gaining 0.58 per cent, underpinned by the ongoing U.S.-Iran standoff over the Strait of Hormuz. The USD/INR pair was trading around ₹94.47–94.50, after the rupee posted its biggest single-day gain since July 27 in the previous session, appreciating 49 paise to 94.48, driven by heavy inflows under the RBI’s concessional swap scheme, which attracted $136.4 billion.
Overnight, the Dow Jones surged over 620 points, while the S&P 500 and Nasdaq gained over 1 per cent each, led by technology and AI-related stocks. Meta rose 3 per cent, Alphabet gained 1.6 per cent, and both Nvidia and Microsoft closed higher. Dell Technologies and Snowflake also posted sharp gains following strong quarterly results. Fed Governor Christopher Waller’s indication that he would support keeping interest rates unchanged if disinflation trends continued drove the rally, pushing the U.S. 10-year Treasury yield back to around 4.76 per cent. The KOSPI gained approximately 1.5 per cent and Japan’s Nikkei also rose in tandem. Ponmudi R, CEO of Enrich Money, cautioned that “geopolitical uncertainty persisting and crude oil prices holding at elevated levels” could keep investors from building aggressive positions ahead of the weekend.
The U.S. Nonfarm Payrolls report remains the key event for the remainder of the session, with its outcome likely to determine direction for the dollar, Treasury yields, and global risk assets into the close.