Published on 10/04/2026 07:51 AM
Stock Market Today LIVE: The Indian stock market opened higher on Friday, following gains in global equities, despite concerns over the fragile two-week US-Iran ceasefire deal.
The benchmark BSE Sensex opened 489.36 points, or 0.64%, higher at 77,121.01, while the NSE Nifty 50 gained 105.45 points, or 0.44%, to open at 23,880.55. The Bank Nifty index opened at 55,182.25, up 360.55 points, or 0.66%.
Broader markets outperformed, as the Nifty Smallcap 100 and the Nifty Midcap 100 indices rallied over 1% each.
Among sectors, Nifty Metals, Nifty Auto, Nifty Private Bank, Nifty Media, Nifty PSU Bank, Nifty Realty and Nifty Oil & Gas gained over 1% each, while Nifty IT and Nifty Pharma indices were in the red.
Globally, Asian markets traded higher, while the US stock market ended higher overnight, amid hopes of peace talks between the US and Iran.
In the Middle East, Iran’s new Supreme Leader Mojtaba Khamenei stated that Iran would not allow the US and Israel to escape consequences for what he called their aggression. Meanwhile, US President Donald Trump appears to be questioning how effective the ceasefire halting the Iran war really is.
Gold prices fell as the dollar firmed, but the metal remained on course for a third consecutive weekly gain as renewed US-Iran ceasefire optimism softened inflation fears and expectations for higher US interest rates.
Spot gold price declined 0.2% to $4,755.84 per ounce. US gold futures for June delivery fell 0.8% to $4,779.20. Spot silver price rose 0.1% to $75.11 per ounce.
Stay tuned to this segment for the live updates on the Indian stock market today.
Stock Market Today LIVE: Gold-buying peaks during auspicious occasions, such as Akshaya Tritiya, underscoring the most sought-after investment hobby across India. We are likely to see an uptick in demand this year, given the significant correction in gold prices along with the enormous buying appetite of Indians. Additionally, with signs of geopolitical tensions settling down, sentiment is steadily picking up momentum, and buyers are expected to make the most of this opportunity, said Colin Shah, MD Kama Jewelry
While the traditional investment-led purchases of bullion and heavy 22k jewellery will be there, the shift towards daily-wear light-weight jewellery made in 9k to 18k gold will strengthen, given the growing population of young buyers who perceive gold as an adornment and a sense of prestige. Overall, we are likely to witness about a 10% to 12% spike in sales-led demand this Akshaya Tritiya with equal fervour among investors as well as the consumer class, he added.
China’s producer price index rose 0.5% year-on-year in March 2026, beating expectations of 0.4% and reversing February’s 0.9% decline, marking the first increase since September 2022. The recovery was driven by higher global commodity and energy prices along with improved domestic demand. Production materials rose 1.0% compared to -0.7%, with intermediate goods jumping 2.0% from -5.3% and raw materials at 1.1% from -1.9%. Processed goods accelerated to 0.9% from 0.3%. Consumer goods deflation narrowed to -1.3% from -1.6%. On a monthly basis, prices climbed 1.0% after two consecutive 0.4% gains.
MCX silver price is holding above ₹2,42,000, supported by both safe-haven demand and industrial strength. However, the price action is still cautious. Resistance is placed at ₹2,45,000 – ₹2,47,000. A breakout can push prices towards ₹2,50,000 – ₹2,52,000. On the downside, a break below ₹2,40,000 can trigger selling towards ₹2,36,000 – ₹2,35,000. Overall, the bias remains positive, though momentum is yet to strengthen, said Ponmudi R, CEO of Enrich Money.
Gold rate on MCX declined due to profit booking amid a strengthening US dollar, as concerns over the US-Iran ceasefire persisted and crude oil prices climbed by a per cent. MCX gold June futures declined by 0.38% to ₹1,52,855 per 10 grams, while MCX silver May futures dropped by 0.44% to ₹2,42,700 per kg.
TCS posted in-line Q4FY26 numbers. Deal-wins have been decent, margins solid and AI revenue is growing strong. TCS stock price valuations at 16.5x FY27E PE, post-recent correction, are highly attractive, said Nuvama Institutional Equities.
The brokerage firm upgraded FY27E and FY28E EPS estimates by 2.5% and +2.0%, as it updated USDINR assumption to 93 from 88. It retained a ‘Buy’ rating and raised TCS share price target to ₹3,350 apiece from ₹3,300 earlier, valuing the stock at 20x FY28PE.
Crude oil prices jumped, but were still headed for a weekly loss. Brent crude futures added 0.60% to $96.50 a barrel, while West Texas Intermediate futures were up 0.50% at $98.36 a barrel. For this week, both contracts have so far lost 11%, the biggest weekly decline since June 2025.
Shares of oil marketing companies (OMC) rose up to 2.5% as crude oil prices trimmed gains ahead of the US-Iran ceasefire talks scheduled to take place in Pakistan this weekend. Shares of Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation (HPCL) rose 2%-2.5% today. Meanwhile, a positive sentiment in the Indian stock market also boosted gains.
RDB Infrastructure And Power share price surged more than 4%, after the company implemented major leadership changes and approved a new business expansion initiative with the incorporation of RDB Ergoflex LLP, marking its entry into the furniture manufacturing segment.
Rajesh Palviya, SVP - Technical and Derivatives Research, Axis Securities recommends three stocks to buy today-
Hindalco Industries | Buy | Target Price: ₹1,010-1,030
Cummins | Buy | Target Price: ₹5,000-5,350
Adani Power | Buy | Target Price: ₹183-190
The market will wait to see the outcome of the peace talks between US and Iran scheduled for Saturday. The outcome of the peace talks will determine the trend in crude prices, which, in turn, will dictate market trends. If the talks lead to de-escalation in the conflict and drive crude price down, the markets, particularly markets like India which are energy import-dependent, will bounce back. The reverse will happen if the peace talks fail and crude spikes further.
Going forward, a major drag on the market will be FPI selling. It appears that FPIs are determined to sell in India and move money to other markets like South Korea and Taiwan where the earnings growth prospects are much superior in 2026. However, this will be a short-term view, said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
It is important to note that many stocks are hitting 52-week highs, even all-time highs, even in this challenging market environment. Investors can look at these stocks and analyse the reasons behind the resilience of such stocks. Fundamentally sound growth stocks will do well even during weak market conditions, he added.
Poonawalla Fincorp share price rallied over 2% after the NBFC announced the opening of its qualified institutional placement (QIP), with its committee of directors approving a floor price of ₹390.26 per equity share. The floor price is 2.6% lower than its previous closing of ₹401 on BSE.
IT stocks were reeling under selling pressure, with the Nifty IT index trading 2.4% lower. Barring Wipro, all other constituents of the index declined, with Infosys, TCS, Mphasis and LTIMindtree falling the most.
TCS share price declined over 2% in early trade on Friday after the IT major reported its Q4 results. TCS shares fell as much as 2.23% to ₹2,530 apiece on the BSE.
Among sectors, Nifty Metals, Nifty Auto, Nifty Private Bank, Nifty Media, Nifty PSU Bank, Nifty Realty and Nifty Oil & Gas gained over 1% each, while Nifty IT and Nifty Pharma indices were in the red.
The Indian stock market opened higher on Friday, following gains in global markets. The benchmark BSE Sensex opened 489.36 points, or 0.64%, higher at 77,121.01, while the Nifty 50 gained 105.45 points, or 0.44%, to open at 23,880.55.
Gold and silver prices in India traded lower, following weakness in international bullion prices. MCX gold rate today was down by ₹668, or 0.44%, at ₹1,52,766 per 10 grams. MCX silver price traded lower by ₹1,070, or 0.44%, at ₹2,42,698 per kg.
The Indian rupee appreciated 9 paise to open at 92.57 per US dollar as against its previous close of 92.66 level.
Sumeet Bagadia recommends five breakout shares to buy today: GE Vernova T&D India, Isgec Heavy Engineering, Waaree Energies, Senores Pharmaceuticals, and Power Finance Corporation.
Gold prices fell as the dollar firmed, but the metal remained on course for a third consecutive weekly gain as renewed US-Iran ceasefire optimism softened inflation fears and expectations for higher US interest rates. Spot gold price declined 0.2% to $4,755.84 per ounce. US gold futures for June delivery fell 0.8% to $4,779.20. Spot silver price rose 0.1% to $75.11 per ounce.
Chandan Taparia has recommended three stocks to buy today, 10 April 2026 - Bharat Dynamics, Multi Commodity Exchange of India (MCX), and Hindalco Industries shares.
Bharat Dynamics | Buy | Target Price: ₹1,400 | Stop Loss: ₹1,285
MCX | Buy | Target Price: ₹2,810 | Stop Loss: ₹2,575
Hindalco Industries | Buy | Target Price: ₹1,040 | Stop Loss: ₹955
From Gift Nifty, Iran war, US GDP, Inflation, Nasdaq, Nikkei rally to TCS Q4 results, watch out 10 key things that changed for the Indian stock market overnight.
Nifty 50 index formed a bearish candle on the daily chart with shadows on both sides, indicating indecision near higher levels. Bank Nifty index formed a bearish candle on the daily chart with a minor lower shadow, indicating selling pressure at higher levels, though some buying emerged near the lows.
US stock market ended higher on Thursday, as ongoing negotiations toward a peaceful resolution to the US-Iran war helped ease worries.
The Dow Jones Industrial Average rallied 275.88 points, or 0.58%, to 48,185.80, while the S&P 500 gained 41.85 points, or 0.62%, to 6,824.66. The Nasdaq Composite closed 187.42 points, or 0.83%, higher at 22,822.42.
Asian markets traded mostly higher on Friday amid cautiousness over the fragile two-week US-Iran ceasefire. Japan’s Nikkei 225 rose 1.65%, while the Topix was flat. South Korea’s Kospi rallied 1.68%, while the Kosdaq gained 1.14%. Hong Kong Hang Seng index futures indicated a higher opening.
The trends on Gift Nifty also signal a positive start for the frontline indices, Nifty 50 and Sensex today. Gift Nifty was trading around 23,932 level, a premium of nearly 71 points from the Nifty futures’ previous close.
The Indian stock market is expected to open higher, following gains in global markets, despite concerns over the fragile two-week US-Iran ceasefire deal.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Download the Mint app and read premium stories