No stock data available
Sensex Prediction for 9th April, 2026: Indian stock markets witnessed a sharp rally on Wednesday, with both the benchmark indices Sensex and Nifty surging nearly 4 per cent, driven by positive sentiment following an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire.
The RBI decision to keep the policy repo rate unchanged, heavy buying across all sectors and a strengthening rupee against the US dollar also improved investor sentiment, traders said.
Sensex at close on Wednesday, April 8
Following the surge today, the analysts are cautiously optimistic for the next trading session on Thursday. While the broad-based rally, buoyed by easing geopolitical tensions and robust global cues, has shifted the near-term trend firmly in favour of the bulls, technical indicators suggest a brief pause may be on the horizon before the index attempts its next major breakout.
Sector-wise, the rally was broad-based, led by strong gains in Banking, Auto, Capital Goods and Realty sectors, which posted significant upside, followed by robust traction in Financial Services, Consumer Durables and Industrials. “Oil & Gas, Energy and Metal stocks also contributed positively, while IT and Healthcare witnessed relatively moderate gains, indicating widespread participation across sectors,” he further stated.
Sensex Prediction for Thursday, April 9 by experts
Technical experts cautioned that while the ‘sharp and broad-based rally’ indicates strong dominance, the pace of the climb has pushed the index into a stretched position.
Sensex Prediction for Thursday, April 9 by Vipin Dixena
SEBI-registered analyst, Vipin Dixena, said the intraday chart structure shows a strong bullish reversal with momentum continuation.
Technical levels to watch tomorrow
He further noted that the price has given a sharp bounce from lower levels and is now sustaining above the immediate support zone near 76,900–77,000.
“Additionally, SENSEX is trading above a rising 50 EMA, indicating short-term trend strength. RSI is near 75–80, suggesting overbought conditions and the possibility of a near-term pause or pullback. Immediate support is at 76,900, and resistance is at 78,050,” Dixena stated.
For Thursday’s trading session, the analyst said, “Bias remains bullish but stretched, so continuation needs a clean breakout above 78,050; otherwise expect consolidation or mild pullback before next move.”
Sensex Prediction for Thursday, April 9 by Hitesh Tailor
From a technical standpoint, Tailor said the index has shown a strong breakout with sharp upward momentum, indicating a clear shift in near-term trend in favour of bulls.
Key support and resistance levels to watch tomorrow
Key technical levels suggest that support is placed in the 76,800–77,000 zone, which is likely to act as a demand area on declines, while resistance is seen around 78,000–78,300, where upside may face initial supply pressure, he noted.
For market bias on Thursday, Tailor said, “The near-term outlook remains positive, supported by strong momentum; however, after such a sharp rally, some consolidation or volatility may emerge, especially considering ongoing geopolitical developments.”
Sensex gainers and losers on Wednesday, April 8
Sectoral indices on Wednesday, April 8
All sectoral indices ended higher. The Realty index jumped 6.76 per cent, auto (6.55 per cent), BSE PSU Bank (5.79 per cent), Bankex (5.72 per cent), Private Banks index (5.62 per cent), Financial Services (5.48 per cent), Services (5.22 per cent), Consumer Discretionary (5.11 per cent), and Industrials (4.87 per cent).
On the other hand, the BSE MidCap Select index jumped 4.93 per cent, and the SmallCap Select index rallied 4.01 per cent.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,692.11 crore on Tuesday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 7,979.50 crore.
On Tuesday, the Sensex jumped 509.73 points or 0.69 per cent to settle at 74,616.58. The Nifty climbed 155.40 points or 0.68 per cent to end at 23,123.65.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
