Sensex shoots up 700 points; reclaims 72,000 mark:Nifty rises over 200 points; buying in IT and FMCG shares

Indian equity benchmark indices opened on a strong note on Friday, 9 October, 2026 reversing recent losses despite persistent selling by foreign investors. The BSE Sensex surged 700 points to trade at the 72,000 mark, while the NSE Nifty 50 gained more than 200 points, comfortably crossing the 22,350 level. The market rally is largely being driven by strong buying interest in the IT and FMCG sectors. Domestic Institutional Investors (DIIs) Support Market Amid Heavy FII Selling While the domestic market is rising, Foreign Institutional Investors (FIIs) continue their aggressive selling streak. On Thursday, FIIs offloaded shares worth nearly ₹13,000 crore. Over the last 30 days, total FII outflows have crossed a massive ₹82,000 crore. However, Domestic Institutional Investors (DIIs) have acted as a strong cushion, absorbing the selling pressure with consistent buying. Here is a breakdown of institutional cash flows (in ₹ crore): Mixed Trends in Asian Markets Asian markets showed a mixed performance on Friday. While Hong Kong’s Hang Seng index traded in the green, Japan’s Nikkei saw a decline. Meanwhile, the South Korean market was closed today in observance of Hangul Day. *Note: The Korea Stock Exchange is closed today, Friday, 9 October 2026, for Hangul Day. Figures represent the previous close. US Markets Closed Mixed on Thursday Wall Street ended on a mixed note on October 8, as technology stocks faced pressure while blue-chip stocks managed minor gains. The tech-heavy Nasdaq fell over 1.2%, while the Dow Jones Industrial Average managed a flat-to-positive finish.