Stock markets bounce back after previous session’s drubbing, Sensex climbs 238 points

Market benchmark indices Sensex and Nifty rebounded on Thursday (July 9, 2026) after a heavy correction in the previous session amid foreign fund inflows and a largely positive trend in global markets.

However, caution prevailed in the market as the United States and Iran exchanged strikes for a second consecutive day, an expert said.

The 30-share BSE Sensex climbed 238.22 points, or 0.31%, to settle at 76,741.82. During the day, it jumped 823.05 points, or 1.07%, to 77,326.65.

The 50-share NSE Nifty went up by 80.75 points, or 0.34%, to end at 23,962.80.

From the Sensex pack, Sun Pharma, Bharti Airtel, Bajaj Finserv, InterGlobe Aviation, Eternal and Kotak Mahindra Bank were among the major winners.

Infosys, Maruti, NTPC and Axis Bank were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,962.80 crore on Wednesday (July 8, 2026), according to exchange data.

Brent crude, the global oil benchmark, traded marginally higher by 0.15% to $78.14 per barrel.

“Indian equity markets staged a moderate rebound, aided by supportive global cues, though investors remained watchful of the geopolitical developments that had triggered the last trading day’s sell-off,” Vinod Nair, head of research, Geojit Investments Limited, said.

The recovery was led by mid and smallcap stocks, with realty and PSU banks bouncing back strongly after their recent correction, he added.

On Wednesday, the Sensex tanked 1,677.12 points, or 2.15%, to settle at 76,503.60. On similar lines, the Nifty tumbled 516.65 points, or 2.12%, to end at 23,882.05.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index rebounded and settled in the green, while Hong Kong’s Hang Seng index ended lower.

Markets in Europe were trading mostly in positive territory.

“Indian equity markets staged a partial rebound on bargain buying after the previous session’s sharp Middle East-driven sell-off. However, investor sentiment remained cautious as the United States and Iran exchanged strikes for a second consecutive day, casting doubt over the prospects for diplomatic talks and keeping risk appetite subdued,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.

U.S. markets ended mostly lower on Wednesday.