SENSEX, NIFTY50 snap 4-day losing streak on strong global cues

The Indian equity benchmarks snapped their four-day losing streak on Friday, September 4, on the back of strong global cues after sentiment improved tracking a softening bond yields in the United States.

The SENSEX rose as much as 730 points and NIFTY50 index touched an intraday high of 24,005 led by gains in index heavyweights like Reliance Industries, HDFC Bank, Tata Steel, Bajaj Finance, Kotak Mahindra Bank, Mahindra & Mahindra and Titan.

The SENSEX ended 363 points higher at 76,515 and NIFTY50 index advanced 24 points to close at 23,890.

Asian markets ended higher on Friday following strong closing of the US markets as bond yields eased in Thursday's session.

Japan's Nikkei rose 1.02%, China's Shanghai Composite index advanced 0.9%, Hong Kong's Hang Seng index gained 2.11% and South Korea's KOSPI index surged 1.07%.

The yield on the 10-year Treasury, which influences mortgage rates, dropped to 4.77% from 4.79% late Wednesday. It has been rising steadily throughout the year and was as low as 4.20% at the beginning of 2026, news agency AP reported.

Nine of 15 major sector gauges compiled by the National Stock Exchange ended lower led by the NIFTY Realty index's nearly 1% fall. NIFTY Auto, Pharma, PSU Bank, Healthcare, Consumer Durables, IT and FMCG indices also declined between 0.14% and 0.9%.

On the other hand, metal, financial services, private banking and oil & gas shares witnessed buying interest.

Broader markets ended on a mixed note as NIFTY Midcap 100 index declined 0.25% while NIFTY Smallcap 100 index gained 0.22%.

Capital market related stocks such as Angel One, BSE, Motilal Oswal and Groww among others witnessed strong buying interest after markets regulator Securities and Exchange Board of India (SEBI) said that it plans to review the derivative settlement methodology at expiry amid concerns over using the closing auction session (CAS) determined closing price as the settlement basis.

In a statement on Thursday, SEBI said it may propose changes to the existing methodology, with a consultation paper on the proposed framework likely to be released in about a week.

Jindal Worldwide shares rose 20% after the company re-appointed Amit Yamunadutt Agarwal as the managing director of the firm.

Sterlite Technologies surged 5% after its board approved a ₹3,000 crore capital expenditure and capacity addition plan in the company’s existing manufacturing facility due to the demand for optical fibre cables and connectivity business globally.

SBI Life was top gainer in the NIFTY50 index, the stock surged 3.5% to close at ₹1,775. Tata Steel, HDFC Life, Reliance Industries, Trent, JSW Steel, Adani Enterprises, Ultratech Cement, Bajaj Finance, Jio Financial Services and Kotak Mahindra Bank also rose between 0.8% and 2.5%.

On the flip side, HCL Technologies, Bharti Airtel, Maruti Suzuki, Bajaj Finserv, Max Healthcare, Tata Consumer Products, Sun Pharma, Bharat Electronics, Eicher Motors and State Bank of India were top losers in the NIFTY50 index.

The overall market breadth was positive as 2,017 shares ended higher while 1,519 closed lower on the NSE.