Last Updated on July 9, 2026 7:13 pm by BIZNAMA NEWS
Sensex Gains 238 Points, Nifty Settles Above 23,950
By Our Business Correspondent
Domestic benchmark indices staged a recovery on Thursday, snapping a two-session losing streak. The market was buoyed by broad-based buying and an improvement in global sentiment, following comments from US President Donald Trump that a full-scale conflict with Iran was unlikely, which helped alleviate concerns regarding global energy supplies.
The S&P BSE Sensex climbed 238.22 points (0.31%) to close at 76,741.82, while the Nifty 50 index added 80.75 points (0.34%) to settle at 23,962.80. The broader markets outperformed the benchmarks, with the BSE 150 MidCap Index rising 1.41% and the BSE 250 SmallCap Index gaining 1.69%. Market breadth remained robust, with 2,896 shares advancing against 1,342 declines on the BSE. Volatility, as measured by the India VIX, dropped significantly by 8.97% to 13.36.
Top Gainers and Losers (Nifty 50)
| Top Gainers | Change (%) | Top Losers | Change (%) |
| Sun Pharma | +2.78% | Dr. Reddy’s | -5.77% |
| Bharti Airtel | +2.49% | — | — |
| HDFC Bank | +0.83% | — | — |
Note: Dr. Reddy’s Laboratories tumbled after the company reported a quality-related issue with the active pharmaceutical ingredient (API) in its semaglutide product, leading to supply delays.
Corporate Highlights
- Tata Consultancy Services (TCS): Shares rose 0.07% after the IT major reported a 13.9% YoY revenue increase to Rs 72,275 crore for Q1 FY27. The company declared an interim dividend of Rs 12 per share.
- Insolation Energy: Zoomed 11.80% after securing a Rs 558.29 crore contract from NTPC Renewable Energy.
- Rajesh Power Services: Gained 3.76% following a Rs 653.12 crore turnkey contract from PGVCL.
- Premier Energies: Rallied 4.42% after inaugurating a 5.6 GW solar module facility in Telangana.
IPO Update (As of 18:39 IST, 9 July 2026)
- Kusumgar IPO: Subscribed 12.71 times.
- Laser Power & Infra IPO: Subscribed 0.15 times.
Key Indicators
- Currency: The partially convertible rupee hovered at 95.41 against the dollar.
- Crude Oil: Brent crude for September 2026 settlement rose 0.56% to $78.46 per barrel.
- Gold: MCX Gold futures for 5 August 2026 delivery gained 0.51% to Rs 1,44,449.
- Bond Yields: India’s 10-year benchmark yield declined to 6.750%.
Disclaimer: Stock market investments are subject to market risks. Please consult with a certified financial advisor before making any investment decisions.