The Indian stock market witnessed a robust start to trading on Friday, September 4, 2026, as both the Sensex and Nifty indices recorded substantial gains. The benchmark Sensex surged by 594 points, reaching 78,746, while the Nifty 50 climbed 77 points to settle at 23,949. This upward movement contributed to the overall market capitalization of BSE-listed firms, which stood at an impressive Rs 488.61 lakh crore.
Top Performers and Sectoral Boost
Several prominent stocks were instrumental in driving the market's rally. Among the top Sensex gainers were Bajaj Finserv, IndiGo, Trent, BEL, HDFC Bank, and Reliance, each seeing increases of up to 1.84%. The information technology (IT) sector played a particularly strong role, with the BSE IT index advancing by 283 points to 29,719, providing significant momentum to the broader market.
Conversely, a few stocks experienced minor declines, with Axis Bank and Eternal being the only Sensex constituents to fall, dropping up to 0.21%.
Global Influences and Geopolitical Tensions
The positive sentiment in the Indian market largely mirrored encouraging trends observed in global equities. Asian markets, including Japan's Nikkei (up 697 points to 64,912), Hong Kong's Hang Seng (up 524 points to 25,738), and Taiwan's Weighted index (up 311 points to 46,169), all closed in positive territory. Overnight, US markets also ended higher, with the NASDAQ surging 366 points, the S&P 500 adding 81 points, and the Dow Jones index rising by 624 points.
Despite this widespread optimism, some geopolitical factors presented potential headwinds. Brent crude oil prices were trading at $96 per barrel, elevated by ongoing tensions between the US and Iran. Reports indicated that Iran claimed to have struck bases used by US forces in Kuwait and the UAE, following earlier US attacks on Iran that reportedly resulted in casualties among Iranian military personnel.
Analyst Outlook
Sachin Gupta, VP – Research, Technical Research, at Choice Broking, offered a cautiously optimistic view on the market's trajectory. He noted, "Overall, the bias remains cautiously positive, as Gift Nifty indicates a firm start and global equities are supportive. However, elevated crude prices and persistent US–Iran tensions could restrict sustained gains." Gupta further suggested that the Nifty might see selective buying on dips, but anticipated continued high volatility, identifying the 24,000–24,050 zone as crucial for any further significant upside.