Markets opened on a positive note on Friday, September 4, 2026, with the Sensex rising 490 points and the Nifty 50 gaining 41 points in early trade, tracking overnight gains on Wall Street and easing US Treasury yields.
The Sensex, which closed at 76,152.86 on Thursday, opened at 76,657.02 and was trading at 76,643.32, up 490.46 points or 0.64 per cent. The Nifty 50, which ended the previous session at 23,873.45, opened at 23,910.90 and was trading at 23,914.35, up 40.90 points or 0.17 per cent, as of 9.21 AM.
Among the top gainers on the Nifty 50, Tech Mahindra rose 1.44 per cent to ₹1,621, TCS gained 1.32 per cent to ₹2,350.70, and Wipro advanced 1.27 per cent to ₹177.96. Reliance Industries climbed 1.21 per cent to ₹1,318.20, while Infosys added 1.14 per cent to trade at ₹1,143.20. The IT sector’s strong showing came after the index fell nearly 1 per cent in the previous session.
On the losing side, Grasim Industries fell 0.99 per cent to ₹3,277.30, Eicher Motors dropped 0.96 per cent to ₹7,616, and Maruti Suzuki declined 0.54 per cent to ₹12,788. Nestle India slipped 0.49 per cent to ₹1,409, while Adani Ports shed 0.48 per cent to ₹1,698.30. Auto and FMCG stocks continued to face selling pressure.
Wall Street staged a broad-based recovery overnight, with the Dow Jones, S&P 500, and Nasdaq gaining 1.2 per cent, 1.1 per cent, and 1.4 per cent, respectively. 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 per cent, providing relief to risk assets globally.
Asian markets were also trading higher, with Japan’s Nikkei 225 up around 0.5 per cent and South Korea’s Kospi gaining more than 1 per cent. 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, holding near $96 per barrel. WTI crude was in the $91-92 range, on track for its biggest weekly gain since July, amid continued US-Iran conflict raising supply disruption risks through the Strait of Hormuz. “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.”
On the domestic front, a CMIE report showed a 97 per cent surge in private investment in Q1 FY27 over Q1 FY26, signalling a turnaround in capital expenditure. 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 per cent, Japan’s at a 30-year high of 3 per cent, the UK’s 30-year yield at 6 per cent, and India’s 10-year yield close to 7 per cent.
On Thursday, foreign institutional investors sold ₹2,346 crore worth of Indian equities, while domestic institutional investors bought ₹4,977 crore, cushioning the market.
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.” Bank Nifty, which closed at 57,380.60 on Thursday, faces resistance at 57,700-57,800, with support at 57,000-57,200. India VIX stood at 11.31, indicating contained volatility.