For Wednesday, September 9, 2026, the Indian market had a clear risk-off session, mainly because crude oil crossed $100, Middle East tensions escalated, and IT stocks came under heavy selling.

Nifty & Bank Nifty

Nifty 50: closed at 23,431.50, down 203.60 points (-0.86%). It was the third consecutive fall and the lowest close since June 11.

Bank Nifty also remained under pressure, with private-bank stocks among the weaker areas. HDFC Bank fell around 2.23%, while Axis Bank, Bajaj Finance and Bajaj Finserv also declined.

The banking weakness was less severe than the IT sell-off, but higher bond yields, crude oil, and rupee weakness created a cautious environment for financial stocks.

What drove Nifty lower?

The biggest factors were:

• Brent crude crossed $100/barrel, raising concerns about India’s inflation and import bill.
• US-Iran/Middle East tensions escalated, increasing the risk of oil-supply disruption.
• Nifty IT fell about 3.2%, with Infosys, Coforge, HCLTech, TCS and Tech Mahindra among the major losers.
• The rupee weakened beyond ₹95/$, although RBI intervention helped limit the fall.
• Foreign investors remained cautious; Tuesday’s FII selling was partly offset by domestic institutional buying.
• Energy and metals were exceptions: Nifty Energy gained about 0.6% and Nifty Metal 1.8%

Stock Up Today :

GRAPHITE INDIA — +14.81%

This has one of the clearest reasons in your list.

Global graphite-electrode producer GrafTech International announced a 30% increase in electrode prices.

That immediately improved sentiment toward graphite-electrode manufacturers because higher global electrode prices can potentially improve pricing and margins for companies such as Graphite India.

Graphite India shares surged as much as about 18.5% today, extending the previous day’s rally.

ADANI ENTERPRISES — +5.13%

This is one of the strongest news-driven moves today.

Adani Airport Holdings, a subsidiary of Adani Enterprises, has entered into agreements to raise approximately ₹9,825 crore ($1 billion) from a consortium including:

• Temasek
• BlackRock-managed funds
• Premji Invest
• Alpha Wave Global

The transaction values the airport business at approximately $18 billion pre-money.

The money will be used for airport expansion and modernisation, Airport City development, and expansion of passenger-facing/non-aeronautical businesses.

The investment gives investors an external valuation benchmark for the airport business and was directly linked to the sharp rise in Adani Enterprises today.

ADANI PORTS — +3.80%

This has another very clear company-specific catalyst.

Adani Ports has won the concession to develop and operate two dry-bulk berths at Paradip Port, Odisha.

The project:

• Has a 30-year concession
• Adds 18 MMT of mechanised dry-bulk capacity
• Takes APSEZ’s domestic portfolio from 653 MMT to 671 MMT
• Strengthens its East Coast presence
• Gives access to the mineral-rich eastern and central Indian hinterland.

Stock Down Today :

COFORGE — -5.38% 

This is the clearest company-specific negative news in your list.

Coforge chairman and independent director O.P. Bhatt resigned with immediate effect after an internal audit raised concerns regarding the company’s board evaluation process. The resignation triggered a sharp sell-off, with the stock falling much more than the broader IT sector intraday.

The issue is not simply the resignation itself. Investors are concerned about corporate governance and board processes.

The broader IT sector was already under pressure, but Coforge’s governance development made the fall significantly worse.

World Markets

The global picture was also negative.

US markets

US futures were pointing lower, with:

• S&P 500 futures: around -0.3%
• Dow futures: around -0.5%
• Nasdaq futures: around -0.4%

The primary concern is that higher oil prices could push inflation higher and make the Federal Reserve less willing to cut rates.

The US 10-year Treasury yield was around 4.81%, close to a multi-year high, adding pressure to technology and other high-valuation stocks.

Europe

European markets were weak.

The STOXX 600 fell around 1.5%, its biggest decline in about two months, with banks and industrial stocks among the major losers.

Investors are worried about the combination of:

higher oil → higher inflation → higher interest rates → weaker economic growth.

Asia

Asian markets were mixed, with investors balancing the oil shock against individual country/company developments.

The major concern across Asian markets is particularly significant for oil-importing economies such as India, Japan, and other Asian economies.

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The biggest global market event today: Oil crosses $100

This is probably the most important market story of the day.

Brent crude moved above $100/barrel, the first time since July, after the latest escalation involving Iran, US forces, and attacks on vessels and energy infrastructure.

This is particularly negative for India because India is a major crude importer.

For India:

Higher crude
→ higher import bill
→ pressure on rupee
→ inflation risk
→ pressure on margins of oil-consuming companies
→ potentially higher interest rates
→ negative for equities.

But it can benefit upstream oil producers, some energy companies, and metals, which explains why energy and metal stocks were relatively stronger today.