More Stories

Informist, Thursday, Apr. 9, 2026

 

By Arya S. Biju

 

MUMBAI – Benchmark indices fell around 1?ch Thursday, as crude oil prices resumed their upward trend after traffic through the Strait of Hormuz remained limited and US President Donald Trump said the US military will remain around Iran until a "real agreement" is reached and fully complied with. Most equity indices across Asia and Europe edged lower as the fragile two-week ceasefire agreed between the US and Iran showed signs of strain, renewing concerns that the conflict in West Asia could escalate again and disrupt energy supplies.

 

The Nifty 50 index settled at 23775.10, down 222.25 points 0.9%. The BSE Sensex closed at 76631.65, down 931.25 points or 1.2%. This fall followed a sharp rally in the previous session, as the market cheered the truce between the US and Iran, under which the latter agreed to allow safe passage through the Strait of Hormuz. However, several media reports said that Iran has closed the Strait of Hormuz again in response to Israeli attacks on Lebanon.

 

Following this, Iran's navy has warned commercial vessels to coordinate with the Islamic Revolutionary Guard Corps when transiting through the Strait of Hormuz. "Due to the past war situation and possible anti-ship mines in the main traffic zone of the Strait of Hormuz all vessels are advised to coordinate with the IRGC Navy and use alternative routes until further notice," it said in a post on X shared by the Consulate General of Iran in Mumbai.

 

Further, Iran's Parliamentary Speaker Mohammad Bagher Ghalibaf, in a social media post Wednesday, claimed that the US has breached three elements of the ceasefire agreement. This included Israel's ongoing strikes in Lebanon, a drone entering Iranian airspace, and what he described as the denial of Tehran's right to enrich uranium.

 

After falling sharply in the previous session, the India VIX rose again Thursday, indicating increased nervousness in the market. The volatility index rose nearly 4% to settle at 20.4275. The broader market was relatively steady compared to the benchmark indices, with all small- and mid-cap indices, except Nifty Smallcap 50, closing 0.1-0.3% higher.

 

Sectoral indices ended the session on a mixed note with Nifty Metal and Nifty Energy gaining the most and Nifty PSU Bank Nifty Financial Services, Nifty Bank, and Nifty Private Bank being the laggards, down 1–2%. Shares of most banks and financial services companies fell after the sharp rally in the previous session. The Nifty Bank index closed 1.6% lower after rising for five straight sessions.

 

Shares of power equipment companies such as GE Vernova T&D India, Hitachi Energy India, and Siemens Energy India ended higher as brokerage JP Morgan initiated coverage on them with a bullish stance. The global brokerage initiated an 'overweight' call on GE Vernova and Hitachi Energy, and a 'neutral' call on Siemens Energy. Most fertiliser companies also rallied Thursday after the government approved a nutrient-based fertiliser subsidy for the upcoming kharif season. The government has estimated a budgetary outlay of around INR 415.34 billion for the season.

 

Shares of Hindalco Industries, NALCO, and Vedanta rose on expectations of continued higher aluminium prices amid fading optimism around a near-term end to the US-Iran conflict. The West Asia conflict is likely to keep aluminium prices higher for longer, brokerage JPMorgan had said in a report earlier this week.

 

Among individual stocks, Sterlite Technologies ended 10% higher at the upper circuit on the National Stock Exchange after Nuvama Institutional Equities raised its target price on the stock by 40% to INR 280 and also increased its 2026-27 (Apr-Mar) and FY28 earnings per share estimates by around 10% and 16%, respectively. The company, which has historically depended on demand from the telecommunications sector, is now well positioned to capture emerging data centre opportunities, supported by expanding data centre product capabilities, Nuvama said.

 

* Of the Nifty 50 stocks, 21 rose and 29 fell

* Of the Sensex stocks, 9 rose and 21 fell

* On the NSE, 1,573 stocks rose, 1,670 fell, and 80 were unchanged

* On the BSE, 2,121 stocks rose, 2,180 fell, and 119 were unchanged

* Nifty Private Bank: down 1.8%; Nifty Bank: down 1.6%; Nifty India Defence: up 1.6%

---

BSE                                               NSE

Sensex: 76631.65, down 931.25 points or 1.2%      Nifty 50: 23775.10, down 222.25 points or 0.9%

---

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

  

End

 

Edited by Ashish Shirke

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.