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The Today Indians
LiveMarketsUpdated · Friday, 9 October 2026

Markets today: Nifty steadies as IT and banking trade in opposite directions

Every move on Dalal Street, with analysis from our markets desk. Figures are illustrative demo data.

Pinned summary

What we know

  • Nifty 50 is up 0.38% at 25,731 by late morning, led by private banks.
  • IT majors are down about 1.2% after a cautious revenue outlook from a large services firm.
  • The rupee is flat near 84.06 to the dollar; Brent crude eased below $78.
  • Foreign investors were net buyers of ₹1,240 crore on Thursday, provisional data show.
Key events (4)
  1. Midday check: banks carry the index
  2. Auto sales data lifts two-wheeler makers
  3. IT stocks slip after cautious outlook
  4. Opening bell: a cautious start
  1. Key event

    Midday check: banks carry the index

    Private lenders are adding the most points to the Nifty this morning, offsetting the slide in technology names. Breadth remains positive, with roughly three stocks rising for every two falling.

    Nifty 50
    25,731
    +0.38%
    Sensex
    84,212
    +0.42%
    Nifty IT
    41,082
    -1.21%
    Bank Nifty
    53,940
    +0.86%

    Rohan Desai

  2. Intraday Nifty path

    The index dipped in the first half hour before steadily climbing. Analysts point to short covering in financials.

    Nifty 50, intradayDemo data
    25,7319:1510:0010:4511:1511:30

    Markets Desk

  3. Small caps outpace the benchmarks

    The smallcap index is up 0.9%, extending its winning streak to a fourth session. Brokers caution that valuations in parts of the segment remain stretched.

    Neha Agarwal

  4. What a fund manager told us

    We asked a Mumbai-based portfolio manager how she is reading today's split market.

    Rotation, not panic. Money is moving from expensive tech into lenders with clean books. That is a healthy market, not a nervous one.

    Sunita Kale, portfolio manager (fictional)

    Rohan Desai

  5. Key event

    Auto sales data lifts two-wheeler makers

    Monthly dispatch figures beat estimates, with rural demand cited as the main driver ahead of the festive season.

    Markets Desk

  6. Key event

    IT stocks slip after cautious outlook

    A large services company trimmed its revenue guidance range late on Thursday, citing slower decision-making by clients in North America. Peers are trading lower in sympathy.

    Rohan Desai

  7. Rupee opens flat

    The rupee opened at 84.05 against the dollar, little changed from its previous close, as steady crude prices offset a firm dollar overseas.

    Markets Desk

  8. Key event

    Opening bell: a cautious start

    Benchmarks opened marginally lower before recovering within minutes.

    Nifty open
    25,634
    -0.04%
    Advances
    1,412
    Declines
    1,108

    Markets Desk

  9. Pre-open session signals a flat start

    Indicative prices point to a muted open. GIFT Nifty futures were trading roughly 10 points higher overnight.

    Neha Agarwal

  10. What to watch today

    Three things on the desk's radar this morning:

    • Monthly auto sales from the big four manufacturers
    • Crude oil after a weekly fall of 3%
    • Foreign investor flows after two sessions of buying

    Markets Desk

  11. Pinned

    Good morning, and welcome

    We are following the markets live through the trading day. Figures shown in this blog are demo data for illustration.

    Markets Desk