Share Market Today 9 Oct: The Indian stock market opened slightly higher on Thursday, with early trade showing modest gains across the two indices. At 9:17 am, the NSE Nifty 50 stood at 25,076.70, up by 30.55 points or 0.12 per cent, while the BSE Sensex was at 81,786.73, rising 13.07 points or 0.02 per cent.
Market analysts pointed out that positive international sentiment helped maintain stability in domestic indices, even as investors awaited further clarity on global developments. Experts said the early uptrend came amid mixed global cues and easing geopolitical concerns in the Middle East. Banking and market expert Ajay Bagga said, “Israel Hamas peace deal phase 1 is done as per President Trump and the Qatar government. The Middle East risk premia is falling this morning in Asia. Japan is in a celebratory mode, with the Nikkei hitting yet another all-time high as the PM in waiting talks of a 10% flat income tax to replace the up to 45% slab-wise present structure.”
Stock Market Today 9 Oct: Gold & Silver
Indian markets have seen two days of Foreign Portfolio Investment (FPI) net inflows. The RBI has built a USD 15 billion position in the offshore NDF markets to protect the Rupee, as per media reports, which should provide some support to the Rupee, which has been the worst-performing Asian currency this year.
In the commodities market, gold continued its upward march. Manav Modi, Analyst – Precious Metal Research at Motilal Oswal Financial Services Ltd., said, “Gold surged past USD 4,000 level for the first time, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. interest rate cuts, sent investors flocking to the safe-haven asset.”
He added that silver also touched record highs, supported by the same factors that drove gold and copper. “Gold, traditionally seen as a store of value during times of instability, is up more than 55 per cent year-to-date after gaining 27 per cent in 2024. Silver is up more than 60 per cent so far this year, benefiting from tightness in the spot market,” Modi said.
Share Market Today 9 Oct: Top Gainers & Losers Shares Today
Indian stock markets traded volatile, with Tata Steel, HCL Tech, Eternal, Sun Pharma, Infosys and M&M among the top gainers in the Sensex pack. Power Grid, Tata Motors, Bajaj Finance, NTPC, HDFC Bank and Titan were among the top losers.
| Company Name | Share Price (₹) | Percentage Change (%) | Situation |
|---|---|---|---|
| Tata Steel | 176.61 | +2.72 | Bounce |
| Saatvik Green Energy | 551.70 | +10.00 | Surge |
| Hindustan Copper | 358.85 | +4.87 | Bounce |
| Vodafone Idea (VI) | 9.24 | +2.21 | Bounce |
| Moschip Technologies | 269.81 | -4.92 | Decline |
| Hindustan Zinc | 501.00 | +2.14 | Light bounce |
| Kaynes Technology | 7,190.00 | +0.14 | Slight bounce |
Asian Market Today: Trading in the green
China’s Shanghai Stock Exchange rose 1.26 percent. Japan’s Nikkei gained 1.41 percent, while Hong Kong’s Hang Seng Index fell 0.07 percent. South Korea’s Kospi gained 2.70 percent.
Israel-Hamas ceasefire could influence the market
Experts noted that while optimism continues, profit booking from recent highs and developments in the Israel-Hamas ceasefire could influence short-term sentiment. Markets will also be watching closely for updates on the ongoing U.S. government shutdown, now in its ninth day, which continues to weigh on global risk appetite.
Also Read: Gaza War: Trump warns Hamas, says “Give up Gaza or face complete obliteration”
