BSE Sensex gained 314 points, closing at 81,101.
NSE Nifty50 climbed by 95 points, reaching 24,869.
The Nifty MidCap and SmallCap indices gained 0.3% each, signaling an overall positive sentiment in the market.
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Impact on the stock market
Sector-wise performance
The Nifty IT index outperformed the rest of the market, gaining a solid 2.7%. Meanwhile, the India Volatility Index (VIX) decreased by 1.8%, reflecting a calmer market.
| Sector/Index | Performance |
| IT & BPM sector | -0.02% |
| Healthcare sector | 0.77% |
| Oil & Gas sector | -0.30% |
| Real estate sector | -0.30% |
| PSU Bank in India | -0.13% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Infosys | 1,500.00 | 4.68 |
| Dr Reddys Labs | 1,287.10 | 2.92 |
| Wipro | 249.51 | 2.88 |
| Tech Mahindra | 1,495.40 | 2.38 |
| Adani Ports | 1,375.10 | 1.99 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Trent | 5,218.50 | -1.82 |
| Eternal | 325.50 | -1.26 |
| Jio Financial | 307.95 | -1.01 |
| NTPCÂ | 324.10 | -0.80 |
| Titan Company | 3,630.10 | -0.76 |
Market aftermath: Impact on stocks
Voltamp Transformers and Nykaa see block trade-related declines
Shares of Voltamp Transformers and Nykaa dropped by up to 3.3% on September 9, primarily due to large block trades. Voltamp saw 8.12 lakh shares, representing 8% of its equity, worth ₹618 crore, change hands at ₹7,611 each. This caused a 3.3% drop in the stock price to ₹7,521.
Voltamp’s most recent earnings report showed a nearly flat net profit of ₹79.5 crore, with revenue down by 1.1% year-on-year. The company’s EBITDA also fell by 2.8%, indicating some challenges in its performance. Meanwhile, Nykaa’s parent company, FSN E-Commerce Venture, also saw block trades with 1.23 million shares changing hands. Nykaa’s stock fell 3% to ₹239.86 by midday.
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Infosys announces share buyback, boosting investor sentiment
Infosys was the top gainer of the day, surging 5% after the company revealed it would consider a share buyback proposal during its upcoming board meeting on September 11. This buyback announcement followed a significant 4% jump in its stock price, which helped it reclaim some of the losses from its previous five-day downtrend.
If approved, this will be the first share buyback by Infosys since 2022, when the company repurchased shares worth ₹9,300 crore. The positive news lifted investor sentiment and contributed heavily to the rise in the Nifty IT index. Other IT stocks such as Wipro, Mphasis, and Coforge followed suit, rising by around 3% each.
The buyback announcement also served as a signal of confidence from the company, giving investors reassurance about its future growth prospects. However, experts advised caution, suggesting that while the buyback may offer short-term relief, the broader narrative remains one of structural caution rather than exuberance.
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Gold prices surge to record highs amid global uncertainties
Gold prices continued their rally, hitting record highs due to a combination of factors including trade uncertainties, expectations of a rate cut by the US Federal Reserve, and geopolitical risks. On the Multi Commodity Exchange (MCX), gold futures for October delivery surged past ₹1,09,500 per 10 grams, and December futures hit ₹1,10,400 per 10 grams. On COMEX, gold prices reached a new all-time high of $3,694.9 per ounce.
The surge in gold prices is attributed to the safe-haven demand as geopolitical tensions escalate, particularly in Russia and Ukraine. Additionally, analysts are expecting the US Federal Reserve to implement a 50-basis point rate cut in its upcoming meeting, which has further boosted the appeal of gold as a store of value.
In India, demand for gold remains strong despite the high prices, with central banks diversifying their reserves and investors continuing to buy gold ETFs, bars, and coins. The upcoming festive season is expected to further drive physical gold demand.
Crude oil prices rise on geopolitical tensions
Crude oil prices also saw an uptick on September 9, with Brent crude futures trading at $66.43 per barrel, up 0.62%, and WTI crude futures at $62.65 per barrel, up 0.63%. The rise in oil prices was driven by reports that the US is considering a second phase of sanctions on Russia due to the ongoing geopolitical tensions in Ukraine.
In India, September crude oil futures on the Multi Commodity Exchange (MCX) traded at ₹5,522 per barrel, marking a 0.56% rise. The uncertainty in the global oil supply, along with OPEC+ reducing production output in October, helped support oil prices.
Conclusion
The Indian stock market showed a strong performance on September 9, 2025, with the BSE Sensex and NSE Nifty50 both ending higher, driven largely by gains in IT stocks like Infosys. While stocks like Voltamp Transformers and Nykaa faced declines due to large block trades, the overall market sentiment remained positive, especially with the rise in the Nifty IT index.
Alongside the equity markets, gold prices surged to new highs, reflecting safe-haven demand amid global uncertainties, while crude oil also saw an uptick on geopolitical concerns. Investors are eagerly awaiting the US Federal Reserve’s decision on interest rates, which could further shape market direction in the coming weeks.
As we move into the second half of the month, the market will likely remain influenced by global economic factors, particularly the expected rate cut from the US Federal Reserve and ongoing geopolitical risks. Investors should stay cautious and watch for developments that could impact key sectors such as IT, commodities, and global equities.
For more stock market insights, check out the StockGro blog.
