Indian markets are set for a cautious, gap-down start on Friday, with GIFT Nifty trading nearly 0.5% below Thursday’s close as overnight Wall Street losses and a fresh spike in crude oil after renewed US-Iran tensions keep sentiment on edge. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Sensex closed Thursday’s session at 74,902.59, up 138.36 points or 0.19%, while the Nifty 50 settled at 23,477.80, gaining 46.30 points or 0.20%. However, GIFT Nifty futures were trading around 23,333 this morning, down roughly 0.54% from the previous close, signalling a weak-to-flat opening for domestic indices as global risk sentiment sours. Adding to the caution, a proposed bank strike is set to disrupt branch banking services — including cheque deposits, cash withdrawals, and loan processing — from September 11 to 14, with the State Level Bankers’ Committee advising customers to rely on digital channels. FII selling also continued this week, even as DIIs kept absorbing the supply.
₿ Crypto Market Update
Bitcoin is trading near $77,900 (around ₹77.1 lakh), sliding for a second straight session as traders stay cautious ahead of key US inflation data. Ethereum has slipped to roughly $2,435-2,465 (about ₹2.3-2.4 lakh), tracking Bitcoin’s weakness. The broader crypto market has been range-bound this week, with sentiment tied closely to expectations around the US Federal Reserve’s next move and the ongoing Middle East tensions that have kept risk assets on the back foot.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 (prev. close) | 23,477.80 | +0.20% |
| Sensex (prev. close) | 74,902.59 | +0.19% |
| GIFT Nifty (pre-market) | ~23,333 | -0.54% |
| Bitcoin (BTC) | ≈ ₹77.1L / $77,900 | Sliding |
| Ethereum (ETH) | ≈ ₹2.3L / $2,435 | Sliding |
| Gold (24K, 10g) | ₹1,55,520 | Firm |
| Silver (1kg) | ₹2,55,100 | +9% (Aug) |
| USD/INR | ≈ ₹94.8-95.2 | Rupee under pressure |
| Crude Oil (Brent) | $101-105 | Spiking on Iran tensions |
📰 Top 5 Financial News Stories This Morning
- Brent crude spikes past $105 as US-Iran tensions escalate. A fresh flare-up in the conflict sent Brent futures surging as much as 4% intraday, with traders pricing in genuine supply-disruption risk across a key energy corridor. For India, which imports most of its oil, a sustained rally above $100 raises the specter of a wider current account deficit and further pressure on the rupee.
- Wall Street logs a rough overnight session. The Dow, S&P 500 and Nasdaq all closed lower as rising bond yields and surging oil prices spooked investors, with the Dow shedding over 600 points in one recent session. The weak US close is the main reason GIFT Nifty is pointing to a soft Indian open today.
- Bank strike to disrupt branch services September 11-14. A proposed strike threatens to halt cheque deposits, teller cash withdrawals, and loan processing at branches over the next few days. The SLBC has urged customers to shift to digital and net banking channels in the interim.
- FIIs stay net sellers while DIIs continue to absorb the supply. Foreign institutional investors sold shares worth roughly ₹583 crore in the cash market even as domestic institutions bought around ₹1,509 crore, cushioning the market from a sharper fall. FIIs also hold a sizeable net-short position in index futures, reflecting a cautious institutional stance.
- Michael Burry trims his AI-stock bearish bets. The investor known for calling the 2008 crash has reportedly exited his December 2026 put options on Nvidia and Palantir, saying he’s “happy to sit on cash,” even as he holds on to 2027 Palantir and QQQ puts — a sign that even bears are recalibrating around stretched AI valuations.
🔍 What to Watch Today
Track the US inflation print due later today, which could set the tone for global risk appetite into the weekend. Watch how Brent crude behaves through the day — a move decisively above $105 would likely weigh further on rate-sensitive and oil-marketing sector stocks. Also keep an eye on how the rupee reacts to the crude spike, and monitor early trade to see whether GIFT Nifty’s weakness translates into a real gap-down at the 9:15 AM opening bell.
Data sourced from live market feeds. Last updated: 08:02 AM IST, 11 September 2026. This is for informational purposes only and not investment advice.
