Post Market, 09 April 2026: Benchmarks Slip, Sensex Drops Over 930 Points, Nifty Down By 222 Points

Thursday was a weak session for the markets. Sentiment stayed cautious as there was no significant support coming in through the day.

This comes a day after the relief rally. Ongoing uncertainty around the ceasefire continues to keep global cues under pressure.

Closing Bell

Sensex fell over 930 points to close at 76,631. Nifty 50 also ended lower and lost 222 points to settle at 23,775.

Broader Markets

The broader market also ended lower, though the decline was relatively limited. Nifty Midcap and Smallcap indices closed on a flat note.

Most sectors saw some weakness with oil & gas, PSU banks, infra, consumer durables and private banks declining in the 0.4–2% range. On the other hand, metals, power and pharma stocks managed modest gains of around 0.5–1%.

What Moved The Markets Today?

Global cues remained at the centre of things today, but the US-Iran ceasefire did not feel as clear-cut as it did a day ago.

The initial announcement had eased concerns. However, fresh developments raised questions about what the ceasefire actually covered. Continued strikes in Lebanon left markets unsure whether the agreement extended beyond Iran.

There was also uncertainty around the Strait of Hormuz. While reopening hopes helped cool oil prices earlier, it is still not entirely clear how stable the situation is or how smoothly supply routes will function from here.

Crude oil reflected this shift. After easing to around the $94 per barrel mark in the previous session, Brent crude moved higher again today, trading closer to the $97–98 range. The move suggested that concerns around supply disruptions are still very much in play.

Asian markets also turned cautious through the session, giving up some of the optimism seen earlier as the situation evolved.

The rupee, however, remained largely steady. It opened around ₹92.66 against the US dollar, almost unchanged from the previous session.

Volatility also inched up during the session. India VIX moved up to 20.42 from around 19.70 in the previous session. The increase was modest, and levels continue to hover around the 20 mark. This suggests that market nervousness is not as high as it was earlier this week.

Commodities Watch: Gold And Silver

Gold and silver opened lower on Thursday, reflecting a cautious tone as geopolitical tensions in West Asia remained uncertain. While a temporary US-Iran ceasefire had offered some relief, fresh developments in the region kept sentiment in check.

In early trade (09:11 IST), gold futures on MCX slipped 0.49% to ₹1,51,030 per 10 grams, while silver fell 1.59% to ₹2,36,104 per kg.

By midday (around 11:59–12:02 IST), both metals had edged higher from their early trade levels but were still trading below their previous close. Gold was at ₹1,51,396 per 10 grams, while silver traded at ₹2,36,547 per kg.

Later in the session, both metals saw a slight recovery. Gold rose 0.04% to ₹1,51,842 per 10 grams (around 15:21 IST). Silver also went up by 1.16% to reach ₹2,37,143 per kg (around 13:18 IST).

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What Should Investors Watch Next?

The shift from yesterday’s mood to today has been hard to ignore. What looked like some easing in global tensions did not hold for long, and sentiment turned cautious again as new developments came in.

That makes the next few sessions important. Markets are likely to stay sensitive to any updates around the ceasefire, especially on how the situation evolves across the region and what it means for oil and global risk sentiment.

Sources:

Livemint

Moneycontrol