Pre-Market 10 April 2026: What To Expect After Nifty Falls To 23,775; Oil Near $100, GIFT Nifty Positive

Indian equity markets head into Friday’s session after closing lower in the previous trade, as rising crude oil prices and renewed tensions in West Asia weighed on sentiment.

The decline came after a sharp rally in the prior session. Selling pressure emerged early and persisted through the day, with benchmarks ending near their lows.

The Sensex fell 931.25 points (1.20%) to close at 76,631.65, while the Nifty 50 declined 222.25 points (0.93%) to settle at 23,775.10 on 9 April 2026.

What Happened In Thursday’s Session?

Markets opened weak and stayed under pressure through most of the session. The Nifty slipped below the 23,800 mark and struggled to recover. The 24,000 level continued to act as a strong resistance zone. The index remained range-bound after early losses and closed near the day’s low.

Banking stocks weighed on the indices. HDFC Bank shares and ICICI Bank shares were among the key contributors to the decline, with Bank Nifty ending 1.58% lower.

Among index stocks, Hindalco and Dr Reddy’s Laboratories were among the gainers. InterGlobe Aviation and Jio Financial Services were among the stocks that closed lower.

The broader market held steady. Midcap and smallcap indices ended almost flat, with selling pressure less visible compared to the benchmarks.

The rupee weakened slightly and settled near 92.62 against the US dollar.

Global Cues After Market Hours

Global markets were relatively steady after Indian trading hours.

US indices edged higher. The S&P 500 increased 0.62% and the Dow Jones Industrial Average increased 275 points (0.58%), both of which were supported by the ongoing optimism around the ceasefire between the US and Iran. The Nasdaq Composite also advanced 0.83%.

Oil prices, however, remained elevated. West Texas Intermediate crude traded above $97 per barrel, while Brent crude held above $95.

European markets showed mixed moves, while Asian trends stayed cautious. Early signals point to an uneven start across regions.

Uncertainty is still in the picture. The West Asia situation continues to develop, and the Strait of Hormuz remains a key factor for global supply flows.

Oil And Commodities In Focus

Crude oil prices moved up again. Brent crude was trading close to $99 per barrel, edging towards the $100 mark. The move comes amid concerns over supply as tensions continue in West Asia.

Firm oil prices are keeping sentiment in check, especially for economies that rely on imports.

GIFT Nifty Update

GIFT Nifty was at 23,963, up 79 points (0.33%) as of 22:21 IST on 9 April 2026. This points to a stable to slightly positive start for domestic markets.

The index is still below 24,000. That level continues to act as a near-term hurdle.

Technical Levels To Watch

Markets are now near key levels after the recent decline.

• Resistance is placed around 24,000

• A move above this could open the way towards 24,500

• Immediate support is seen at the 23,500 level

Volatility may stay elevated as markets track global developments, and the India VIX is up by 3.71%.

Also Read - Post Market, 09 April 2026

What Should Investors Expect Today?

The session may begin on a steady note, tracking mixed global signals.

Oil prices will remain in focus. Developments in West Asia could also influence sentiment early in the day.

After the recent decline, markets may look to stabilise. The key will be whether the index moves back above resistance or continues to trade within a narrow range.

Sources:

CNBC TV18

CNBC

The Hindu Businessline

Reuters