On 9 September, Indian equities ended lower, extending their recent weakness amid elevated crude oil prices, geopolitical concerns in the Middle East, and sustained pressure on technology stocks. Nifty 50 closed at 23,431.50, down 203.60 points or 0.86%, finishing at the day’s low after trading between 23,431.50 and 23,571.55, indicating selling pressure into the close. Sensex also remained under pressure throughout the session. Market breadth was distinctly negative, with 1,484 stocks advancing, 2,092 stocks declining, and 100 remaining unchanged, translating into an advance-decline ratio of roughly 0.71:1. On the sectoral front, Nifty IT was the biggest drag, falling 3.24%, followed by Realty (-2.23%) and Financial Services (-1.23%). On the other hand, Metals bucked the broader weakness with a 1.79% gain. Higher crude prices and continuing U.S.-Iran tensions remained key macro risks, while value buying in metals provided limited support.
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