India’s stock markets paused after a strong five-day rally, with the BSE Sensex falling 931 points (1.2%) to close at 76,632, and the Nifty 50 slipping 223 points (0.9%) to 23,775 on Thursday, 9 April 2026. The decline came amid profit-taking, rising crude oil prices, and renewed geopolitical uncertainty.
Among the top losers, HDFC Bank, ICICI Bank, Axis Bank, Reliance Industries, and State Bank of India saw sharp declines, reflecting concerns over higher fuel costs and global market volatility. Conversely, TCS, Infosys, Larsen & Toubro (L&T), and ONGC managed modest gains, offering some support to the indices.
Markets had surged earlier this week on optimism over a temporary ceasefire between the US and Iran and a fall in crude prices. However, oil prices rose again on Thursday, prompting investors to book profits. Foreign institutional investors also trimmed positions, adding to the selling pressure.
Sector-wise, banking and financial stocks were the biggest drag, while IT and energy stocks helped limit losses.