Market Wrap, 9 July 2026: D-Street Rebounds After Yesterday’s Bloodbath

While traders kept a close watch on the developments between the US and Iran, benchmark indices turned the tide at the end of today’s trade. Markets, which tanked the previous day, recovered some ground and ended in the positive territory. At the end of the closing bell:

• Nifty 50 stood at 23,962.80, up 0.34%

• Sensex stood at 76,741.82, up 0.31%

Broader markets also ended the day in the green. The Nifty Midcap 100 index ended 1.38% higher. The Nifty Smallcap 100 index closed 1.80% higher. Sectorally, the Nifty Realty, Nifty Media and Nifty Consumer Durables outperformed. On the other hand, the Nifty IT registered a decline (see table).

Nifty 50 Gainers And Losers

The following stocks emerged as the top gainers and losers in the Nifty 50 index today:

Factors Leading To Market Rebound

The following factors contributed to the market rebound today:

• Emergence of value buying at lower levels after a sharp fall in the previous session.

• Buying of Indian equities by foreign investors despite the fresh Middle East conflict. They purchased shares worth ₹1,963 crore on Wednesday.

• Easing of the volatility index, India VIX, which rose nearly 30% in the last session.

Other Important Headlines

Some other headlines of today include:

• State Bank of India has raised over $1.5 billion from foreign currency deposits under a special facility launched last month for overseas citizens.

• The Asian Development Bank (ADB) has lowered India's GDP forecast for FY27 to 6.6% from the earlier 6.9% projected in April.

• India and Australia signed a nuclear energy agreement, paving the way for uranium supply to India from Australia. Also, AustralianSuper, Australia's largest pension fund, announced an additional investment of AU$500 million in the National Investment Infrastructure Fund (NIIF).

Gold And Silver Watch

Gold and silver gained on the Multi-Commodity Exchange (MCX). At 15:38, gold August futures on the MCX stood at ₹1,44,613 per 10 grams, up 0.63%. September silver futures during the same time stood at ₹2,26,490 per kg, up 1.37%.

Market participants are likely to keep monitoring developments in West Asia, foreign institutional investor activity and the June quarter earnings season for direction in the sessions ahead.

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