Indian stock markets kicked off the week with a tech-fueled rally on September 9, 2025, as benchmark indices closed higher on robust gains in IT shares. The BSE Sensex advanced 232 points while the Nifty 50 rose by 70 points, driven largely by heavyweight technology stocks such as Infosys, Wipro, and Tech Mahindra.
Infosys was the star of the show, jumping 4.47% after announcing a buyback that buoyed investor sentiment across the sector. Wipro and Tech Mahindra also saw healthy upticks, helping the Nifty IT index climb a solid 2% for the day. This surge came amid a noticeable shift in investor interest from automobile stocks to technology, reflecting renewed confidence in India’s digital-led growth story.
Gold Hits New Highs; Global Cues Remain Positive
Meanwhile, gold prices continued their meteoric rise on the Multi Commodity Exchange (MCX), touching an all-time high of Rs. 1.1 lakh per 10 grams (about $3,695). The rally has been fueled by increased expectations that the US Federal Reserve will cut rates at its upcoming September meeting—a move almost certain after recent poor US jobs data—and persistent global uncertainty.
The upbeat mood wasn’t just confined to India. MSCI’s broadest Asia-Pacific index rose by 0.8%, and Japan’s Nikkei jumped nearly 1%, boosted by hopes of looser monetary policy worldwide after Prime Minister Shigeru Ishiba’s resignation.
Selective Optimism Amid Global Headwinds
Despite foreign selling pressure and global trade concerns—especially for sectors like steel and aluminium due to looming carbon border taxes—domestic institutional investors provided crucial support to Indian equities. Market watchers say this points to underlying confidence in India’s economic fundamentals, even as participants remain cautious about near-term volatility.
On other fronts, Amanta Healthcare debuted with a respectable 10% gain over its ₹126 IPO price, underlining sustained investor interest in pharma plays. Meanwhile, oil prices continued their downward slide, falling another 4% in September so far and now down 11% year-to-date, offering some relief to inflation-wary investors.
For now, eyes remain on key psychological levels for both Sensex and Nifty, with analysts advising stock-specific strategies amid sector rotation and global crosswinds. With IT leading the charge and gold shining bright, Indian markets seem poised for selective opportunities as they navigate the rest of September.
