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Indian Markets Surge: Sensex, Nifty Rise on Global Cues
19 Sep
Summary
- Indian equity markets opened higher with Sensex and Nifty gaining.
- Softer crude oil prices and Asian market gains provided support.
- Nifty Realty led sectoral gains, while Nifty IT experienced a decline.
Indian equity markets opened higher on Friday, September 19, 2026, with the Sensex climbing over 200 points and the Nifty surpassing 23,300. This surge was attributed to easing inflation concerns from softer crude oil prices, which hovered around $103-$104 a barrel, and positive movements in Asian markets. The Sensex recorded a gain of 0.23%, while the Nifty saw a 0.24% increase in early trading.
Sector-wise performance showed Nifty Realty as the top gainer, up 1.24%, whereas Nifty IT was the biggest laggard, down 1.40%. Major gainers on the BSE included Eternal, LT, and IndiGo, while Infosys and Tata Steel were among the notable decliners. On the NSE, Eternal and IndiGo also featured prominently among top gainers.
Analysts are monitoring global macroeconomic developments closely. The US Federal Reserve's recent rate hike and the Bank of Japan's policy rate increase to 1.25% are significant factors. For India, a cooling Brent crude price and easing US 10-year yields below 5% offer some comfort. The Nifty faces immediate resistance between 23,300-23,400, with support at 23,100-23,000.
Furthermore, strong primary market activity in India is drawing investor attention, potentially impacting secondary market valuations. Despite this, long-term investors are advised to consider opportunities in leading banks, capital goods, select automobiles, and pharmaceutical stocks.
