Stock Market prediction for Friday, 11 September 2026: The Indian stock market is likely to open gap-down as Gift Nifty indicated a weak start.
Asian stocks and bonds declined after a surge in oil prices triggered a selloff on Wall Street, while fresh inflation data strengthened expectations of an imminent Federal Reserve rate hike.
Ponmudi R, CEO of Enrich Money, said Indian equity markets are expected to remain under pressure today as a sharp rise in crude oil prices continues to weigh on investor sentiment. WTI crude is trading in the $103–104-per-barrel range after rising around 7.5% in the previous session, while Brent has moved toward the $108 mark amid escalating tensions involving Houthi forces and Saudi Arabia. The sharp increase in crude prices is likely to heighten concerns over India's import bill, inflation and corporate margins, keeping risk appetite subdued.
Breaking a three-session losing streak, benchmark indices Sensex and Nifty ended marginally higher on Thursday, supported by late-session stock-specific buying despite a cautious market mood.
Elevated crude oil prices above $100 a barrel, along with persistent geopolitical tensions, kept risk appetite subdued, traders said. The market remained largely range-bound as investors maintained a cautious stance and kept exposure limited.