Sensex, Nifty Snap 8-Week Losing Streak as Crude Oil Prices Ease
Mumbai: Indian stock markets ended an eight-week losing streak on Friday, October 9, 2026, as easing crude oil prices and strong buying in information technology (IT) stocks lifted benchmark indices. The Sensex Nifty losing streak came to an end after one of the longest weekly declines in 25 years, although concerns over foreign fund outflows and elevated global bond yields continued to weigh on investor sentiment.
The BSE Sensex climbed 879.09 points, or 1.23%, to close at 72,472.33. The NSE Nifty 50 advanced 288.65 points, or 1.30%, to settle at 22,520.45.
For the week, the Sensex gained 0.78%, while the Nifty rose 0.44%. The rebound followed a sharp sell-off in the previous session, when both indices recorded significant losses.
Sensex Nifty Losing Streak Ends After Eight Weeks
The recovery on Friday helped both benchmark indices finish the week in positive territory after eight consecutive weeks of losses. The prolonged decline had been driven by a combination of global uncertainty, elevated crude oil prices, foreign investor selling and concerns over interest rates.
Market sentiment improved as crude oil prices eased from recent highs, offering some relief to investors worried about inflation and the impact of expensive energy imports on the Indian economy.
However, analysts cautioned that a single session of strong gains does not necessarily signal a sustained market recovery. Investors continue to monitor global economic conditions, corporate earnings and foreign investment flows.
IT Stocks Lead Market Recovery
Information technology stocks led Friday’s rebound, supported by better-than-expected quarterly earnings from Tata Consultancy Services (TCS).
The company reported a 4% quarter-on-quarter rise in net profit to ₹13,884 crore, helping improve sentiment towards the IT sector. The Nifty IT index was among the strongest sectoral performers during the session.
Buying interest was also seen in banking, fast-moving consumer goods (FMCG) and automobile stocks, contributing to the broader market recovery.
The performance of IT stocks was particularly significant as investors assessed the outlook for corporate earnings amid uncertainty in global markets.
Crude Oil Prices and Global Risks Remain in Focus
Easing crude oil prices supported the market rebound by reducing some concerns over imported inflation and pressure on India’s external finances. However, oil prices remained elevated, keeping energy costs and inflation risks on investors’ radar.
High global bond yields and continued selling by foreign portfolio investors (FPIs) also remained concerns. Foreign investors continued to withdraw money from Indian equities, while domestic institutional investors provided support through buying.
The combination of these factors means that the market’s next move could depend on changes in oil prices, global financial conditions and upcoming corporate earnings.
What Investors Should Watch Next
Investors will closely track quarterly earnings, foreign fund flows, crude oil price movements and global economic developments in the coming sessions.
Friday’s rally ended the prolonged losing streak, but market volatility remains a key risk. Analysts have advised investors to remain selective and maintain disciplined risk management rather than assume that the latest gains guarantee a sustained recovery.
The immediate focus will be on whether the Sensex and Nifty can build on Friday’s gains or face renewed pressure from global uncertainties.