Apr 9, 2026, 11:39 GMT+7
By Bharath Rajeswaran
Reuters - Indian shares fell on Thursday, pulling back after a sharp rally in the previous session, as renewed Middle East tensions cooled hopes that the Iran-U.S. ceasefire would lead to lasting peace.
The Nifty 50fell 0.71% to 23,822.45 and the Sensexshed 0.93% to 76,847.10 as of 10:07 a.m. IST.
Both benchmarks rose about 4% each on Wednesday as oil prices slumped after the United States and Iran agreed to a ceasefire, sparking a global market rally.
However, investor sentiment turned cautious after Iran said it would be "unreasonable" to pursue talks with Washington after Israel pounded Lebanon with its heaviest strikes yet on Wednesday.
Conflicting signals ahead of planned U.S.-Iran talks on Saturday, including Tehran's warning of retaliation, revived fears that the ceasefire may only be a temporary pause.
"The fresh uncertainty around the durability of the Iran war de-escalation has limited follow-through optimism in markets and kept sentiment in check," said Hariprasad K, founder of Livelong Wealth.
While the Nifty India Volatility Indexfell sharply on Wednesday, it remained elevated at 20.7, indicating that although panic has eased, uncertainty continues to linger, Hariprasad said.
Other Asian marketsfell 0.8%, while Brent crude!hovered around $97 a barrel.
Eleven of the 16 major sectors declined. Heavyweight financialslost 1% after jumping 5.5% in the last session.
The IT indexfell 1.3% ahead of earnings report from top software services firm TCSlater in the day.
Concerns over rising artificial intelligence disruption risks to the Indian IT industry after U.S. firm Anthropic launched its Mythos model also weighed.
"Risks can be higher for IT firms with more exposure to application services," said analysts led by Kawaljeet Saluja of Kotak Institutional Equities.
The broader small-capsand mid-capsfell 0.2% and 0.4%, respectively.
Among stocks, index heavyweights HDFC Bankand ICICI Bankdropped 1.8% and 1.4%, respectively, while Reliance!shed 0.8%.
Mamaearth parent Honasa Consumergained 4% on strong quarterly update.

Sumber : Reuters