Mumbai, India | April 10, 2026
Indian equity markets ended Friday’s session on a strong note, with benchmark indices posting significant gains driven by banking stocks and positive global sentiment.
The 30-share BSE Sensex surged 918.60 points, or 1.20%, to close at 77,550.25. During intraday trade, the index climbed as much as 990.85 points to touch 77,622.50.
Meanwhile, the 50-share NSE Nifty 50 advanced 275.50 points, or 1.16%, to settle above the key psychological level of 24,000 at 24,050.60.
Banking Stocks Lead the Rally
The rally was largely driven by strong buying in banking, auto, and financial stocks. Investor sentiment improved amid easing concerns over geopolitical tensions in the Middle East and declining crude oil prices ahead of expected US-Iran talks.
However, IT stocks witnessed some profit booking following earnings updates, particularly after results from Tata Consultancy Services.
Top Gainers and Losers
Among Sensex constituents, major gainers included Asian Paints, ICICI Bank, Mahindra & Mahindra, InterGlobe Aviation, Axis Bank, and State Bank of India.
On the downside, stocks such as Sun Pharmaceutical Industries, Infosys, Tata Consultancy Services, Tech Mahindra, and HCL Technologies ended lower.
FII Selling, DII Support
According to exchange data, foreign institutional investors (FIIs) continued to offload equities, selling shares worth ₹1,711.19 crore in the previous session. In contrast, domestic institutional investors (DIIs) provided support by purchasing equities worth ₹955.90 crore.
This divergence indicates strong domestic participation helping stabilize the market despite foreign outflows.
Rupee Weakens Against Dollar
The Indian rupee slipped by 22 paise to close at 92.73 against the US dollar, reflecting ongoing currency pressure amid global uncertainties.
Global Markets Provide Tailwinds
Asian markets closed higher, with gains seen across major indices including Japan’s Nikkei 225, South Korea’s Kospi, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng.
European markets were trading in positive territory, while US markets had closed higher in the previous session, further boosting investor confidence globally.
Market Outlook
Friday’s strong rally comes after a sharp decline in the previous session, where the Sensex had fallen over 931 points and the Nifty dropped below 24,000.
Analysts say improving global cues, easing oil prices, and resilient domestic demand could continue to support Indian equities in the near term, although volatility may persist due to geopolitical developments and foreign fund flows.
