SENSEX surges over 500 points, NIFTY50 tops 23,900; capital market stocks gain on SEBI review

The Indian equity benchmarks surged in opening deals on Friday, September 4, mirroring gains in global markets after bond yields in United States softened. The SENSEX surged as much as 594 points and NIFTY50 index touched an intraday high of 23,950 led by gains in index heavyweights like Reliance Industries, HDFC Bank, Infosys, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance.

As of 9:21 am, the SENSEX was up 506 points at 76,659 and NIFTY50 index advanced 45 points to 23,919.

Asian markets were trading higher on Friday following strong closing of the US markets.

Japan's Nikkei rose 0.65%, 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%.

US stocks ended lower on Thursday as rising bond yields eased and big technology companies came under buying interest.

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.

Giant chip maker Nvidia, whose high-end chips have emerged as AI’s best building blocks, rose 1.8% after saying it would buy the artificial intelligence platform Hugging Face for $13 billion.

Dow Jones advanced 1.18%, S&P 500 index gained 1.06% and tech heavy Nasdaq index rose 1.4%.

Back home, stocks related to capital markets such as BSE, Groww, Angel One, Motilal Oswal Financial Services, Kfin Technologies and CDSL were witnessing 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.

"Among the issues raised, a significant area of feedback relates to the determination of settlement prices of derivative contracts on expiry based on the closing price determined through CAS," the regulator said in a statement.

Nine of 15 major sector gauges compiled by the National Stock Exchange (NSE) were trading lower led by the NIFTY Pharma index's 0.54% fall. NIFTY Healthcare, Consumer Durables, PSU Bank, Metal, FMCG, Auto and Bank indices also fell between 0.1% and 0.5%.

On the other hand, IT, financial services and realty shares were witnessing buying interest.

Broader markets were trading on a mixed note as NIFTY Midcap 100 index was unchanged while NIFTY Smallcap 100 index advanced 0.4%.

Among the individual shares, HBL Engineering advanced as much as 7% to hit an intraday high of ₹713 after the company said that it expects good sales of Kavach rail signalling systems in FY27 and FY28.

Trent was top gainer in the NIFTY50 index, the stock rose 1.45% to ₹2,856. Wipro, Infosys, Reliance Industries, Jio Financial Services, InterGlobe Aviation, Tech Mahindra, HDFC Life, Eternal and Bharat Electronics also rose between 0.55% and 1.43%.

On the flip side, Cipla, Eicher Motors, Maruti Suzuki, Nestle India, Sun Pharma, Hindustan Unilever, ICICI Bank, Bharti Airtel, HCL Technologies and ONGC were top losers in the NIFTY50 index.

The overall market breadth was positive as 1,928 shares were advancing while 1,032 were declining on the NSE.