NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on September 10

The Indian equity benchmarks are set to open lower on Thursday, September 10, as indicated by NIFTY futures traded at Gift City in Gandhinagar. GIFT NIFTY futures fell 62 points to 23,489 amid weak cues from global markets.

The Indian equity benchmarks dropped for a third straight session on Wednesday as investor sentiment turned negative after crude oil surpassed $100 per barrel, its highest level in six weeks, as intensifying conflict in the Middle East heightened concerns about oil flows from the region.

The SENSEX fell 813 points to close at 74,764 and NIFTY50 index dropped 204 points to close at 23,432.

Asian markets

Asian markets were trading lower mirroring weak losses in US stock markets as crude surged above psychologically important level of $100 per barrel.

Japan's Nikkei fell 0.8%, China's Shanghai Composite declined 0.15%, Hong Kong's Hang Seng fell 1.4% and South Korea's KOSPI index dropped 1%.

Wall Street update

US stocks ended sharply lower on Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the US war with Iran.

Dow Jones Industrial Average fell 0.77%, S&P 500 index declined 0.48% and tech heavy Nasdaq index dropped 0.64%.

Crude oil update

Brent crude futures surged 0.72% to an intraday high of $101.95 per barrel after as tensions in West Asia escalated after US destroyed five Iranian tankers on Tuesday in a series of attacks between the two nations. The conflict that began in February has essentially shut down traffic in the Strait of Hormuz, where a fifth of the world’s oil supply passed before the war began.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹583 crore on Wednesday while domestic institutional investors bought stocks worth ₹1,509 crore, as per NSE data.

FIIs have so far this month sold shares worth ₹11,885 crore taking the total quantum of selling to ₹2,36,326 crore for 2026, data from NSDL showed.

Stocks to watch

The September 8 figures compare with rain-affected daily averages of 0.18 MT for production and 0.20 MT for supplies recorded during September 1 to September 3.

"NCL's total coal production for FY 2026-27 stood at 51.43 MT, while its supplies reached 55 MT till 8th Sept, marking a significant recovery from the operational challenges posed by heavy rainfall," Coal India Ltd (CIL) said in a statement.

The toll revenue in August 2025 was ₹646 crore, IRB Group said in a release.

The revenue performance reflects sustained traffic growth across the group's assets, along with the impact of the tariff revision implemented at the beginning of FY27.

IRB MP Expressway, which comprises the Mumbai-Pune Expressway and Old Mumbai-Pune Highway (NH4), contributed the highest toll revenue of ₹172.1 crore to the total collection in August 2026, up from ₹144.7 crore a year ago.

Higher crude prices could pressure oil marketing companies (OMCs) such as Indian Oil, BPCL and HPCL if they are unable to fully pass on higher costs to consumers.

On the other hand, ONGC and Oil India could benefit from higher crude prices through better realisations.

Paint and tyre companies could face margin pressure as crude derivatives are key raw materials, while aviation stocks may see higher operating costs as jet fuel prices tend to move with crude.

The impact, however, will vary depending on companies’ pricing power, inventory levels, hedging and ability to pass on higher costs.

The company said it has received a Letter of Intent (LoI) for authorisation to lay, build, operate or expand a petroleum and petroleum product (LPG) pipeline from Paradip, Odisha, to Raipur, Chhattisgarh. The project is worth ₹1,800 crore.

“The Project entails the grant of an exclusive license by PNGRB to act as the authorized entity for the development of “pipeline” infrastructure for the transportation of LPG, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of LPG up to the designated delivery point for an operation period of 25 years after a construction period of 3 years,” Dilip Buildcon said in a regulatory filing.

iPhone 18 Pro and iPhone 18 Pro Max are available in four colours - black, silver, glacier, and an all-new burgundy.

"iPhone 18 Pro and iPhone 18 Pro Max will be available in 256GB, 512GB, 1TB, and 2TB storage capacities. Available in burgundy, glacier, silver, and black, iPhone 18 Pro starts at ₹1,64,900 and iPhone 18 Pro Max starts at ₹1,79,900," the company said in a statement.

The stock will be in focus as Redington, a key Apple distributor in India, could benefit from demand for the new premium iPhone 18 Pro models, supporting its distribution business.