Mumbai, September 11 (Daily Kiran) : The Indian stock market began trading on a downward trend on Friday, September 11, 2026. At 9:16 AM, the Sensex had dropped by 707 points, or 0.95%, to settle at 74,192, while the Nifty fell 238 points, or 1%, to 23,238.
Metal and real estate stocks exerted significant pressure on the market during the initial trading session. The Nifty Metal and Nifty Realty indices were among the top losers, each declining by over 2%. Other sectors, including Nifty India Manufacturing, Nifty Consumer Durables, Nifty Financial Services, Nifty Auto, Nifty Commodities, Nifty Private Bank, Nifty PSU Bank, Nifty India Defense, Nifty Services, Nifty Infra, Nifty Pharma, and Nifty Healthcare, also traded in the red.
The only exception was the Nifty IT index, which managed to remain in positive territory.
Both large-cap and mid-cap stocks faced downward pressure, with the Nifty Midcap 100 index falling by 868 points, or 1.40%, to 61,488. Similarly, the Nifty Smallcap 100 index dropped by 284 points, or 1.33%, to 19,756.
Among the gainers in the Sensex pack were Tech Mahindra, Infosys, HCL Tech, ITC, Bharti Airtel, TCS, and Adani Ports. In contrast, Bajaj Finance, M&M, Ultratech Cement, Axis Bank, Tata Steel, Indigo, Kotak Mahindra Bank, L&T, HDFC Bank, Titan, Eternal, Sun Pharma, Bajaj Finserv, ICICI Bank, NTPC, Asian Paints, and Maruti Suzuki were among the notable losers.
Most global markets were also trading in the red, with Tokyo, Shanghai, Hong Kong, Bangkok, Seoul, and Jakarta all showing declines. U.S. markets closed lower on Thursday, with the Dow Jones falling by 0.60% and the Nasdaq dropping by 0.65%.
Experts noted that rising tensions in the Middle East are contributing to the challenges facing the market. Brent crude prices have surged to nearly $108 per barrel. If these high prices persist or increase further, they could significantly impact India’s GDP growth and corporate earnings. Additionally, rising U.S. bond yields pose another challenge. The 10-year yield, currently at 4.96%, is approaching the 5% mark, which many consider a critical threshold for the global equity market. While a downturn in global equities seems likely, predicting the exact timing remains difficult.
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