THE CHAIN: Oil above $100 a barrel pushed global bond yields to multi-year highs this week, and that pressure pulled Nifty and Bank Nifty down for three straight sessions — until Thursday, when both closed higher despite US markets falling for a fourth day in a row.

BONDS

The US 10-year Treasury yield closed at 4.84% on Thursday, 10 September, easing one basis point from Wednesday. Earlier in the week it touched 4.93%, its highest level since October 2023. The US Treasury completed a buyback of $5.19 billion out of a planned $6 billion in long-dated bonds on Thursday — three times its usual buyback size — as it works to manage the yield curve.

Japan's 10-year government bond yield touched 3% on 1 September, the first time it has reached that level since 1996. Over the four weeks to 9 September, it ranged between 2.78% and 3.02%.

India's 10-year G-Sec yield reached 6.96% on 4 September, a twelve-week high.

CURRENCY

The rupee closed at 95.26 to the dollar on Thursday, 10 September, weaker by 0.4% from Wednesday. The Dollar Index held around 98.8 on Thursday, pausing after a decline that had taken it below 99 for the first time since 26 August.

GLOBAL MARKETS

US: The Dow Jones Industrial Average closed at 52,064.10 on Thursday, down 0.6% — its fourth straight losing session. The S&P 500 closed at 7,591.70, down 0.58%. The Nasdaq Composite closed at 26,081.73, down 0.65%. The VIX closed at 17.84, up 8.38% and above 17 for the first time in 28 sessions; it touched 18.17 intraday.

Europe: The FTSE 100 closed at 10,608.92 on Thursday, down 0.57%. The DAX closed at 25,361.15, down 0.84%. The CAC 40 closed at 8,116.76, down 0.49%.

Asia: The Nikkei 225 closed at 65,270.95 on Thursday, up 0.20%. The Shanghai Composite closed at 3,934.40, down 0.43%. The Hang Seng closed at 24,954.47, down 1.27%.

INDIA

Nifty 50 closed at 23,477.8 on Thursday, 10 September — up 0.20% from Wednesday's 23,431.5, after three consecutive lower closes on 7, 8 and 9 September.

Bank Nifty closed at 56,471.95 on Thursday, up 0.31% from Wednesday's 56,295.55, following the same three-day decline.

Seven-horizon comparison, both closing 10 September 2026:

Horizon Nifty 50 close Nifty 50 change Bank Nifty close Bank Nifty change
1 week (3 Sep) 23,873.45 -1.66% 57,380.60 -1.58%
1 month (11 Aug) 24,471.70 -4.06% 57,446.25 -1.70%
1 quarter (11 Jun) 23,161.60 +1.37% 55,176.75 +2.35%
1 year (10 Sep 2025) 24,973.10 -5.99% 54,536.00 +3.55%
2 years (10 Sep 2024) 25,041.10 -6.24% 51,272.30 +10.14%
5 years (9 Sep 2021) 17,369.25 +35.17% 36,683.20 +53.94%
10 years (12 Sep 2016) 8,715.60 +169.38% 19,790.60 +185.35%

India VIX closed at 11.92 on Wednesday, 9 September, up 6.81% from Tuesday.

GIFT Nifty was quoted at 23,348 as of 9:01 AM IST on Friday, 11 September — down 137 points from Thursday's close.

WHO IS BUYING

On Wednesday, 9 September — the most recent confirmed session — FIIs were net sellers of ₹582.99 crore in the cash market. DIIs were net buyers of ₹1,509.04 crore.

COMMODITIES

Brent crude closed at $107.63 a barrel on Thursday, up 5.9% — its highest close since 19 May. WTI closed at $102.48, up 6.7%. Since the US-Iran war began at the end of February, WTI has risen 52.9%, and is up 78.5% for the year so far.

MCX gold closed at ₹1,53,763 per 10 grams on Wednesday, 9 September. It traded near ₹1,53,650 through Thursday morning, down ₹113 from that close. Spot gold closed at $4,405.88 an ounce globally on Thursday, up 0.18%.

MCX silver closed at ₹2,44,213 per kilogram on Wednesday. It traded near ₹2,43,100 through Thursday morning, down ₹907 from Wednesday's close.

Copper traded around $6.76 a pound on Thursday, close to its record high, on the COMEX and LME exchanges.

INDIA'S PRICE NUMBER

India's headline CPI inflation was 4.45% year-on-year in July 2026, released on 12 August — the highest reading since December 2024. Food inflation was 5.52%.

GLOBAL NEWS

10 September: The US Treasury completed a $5.19 billion buyback of long-dated bonds, out of a planned $6 billion — triple its usual size.

10 September: The European Central Bank raised its policy rate by 25 basis points and lifted its inflation forecasts.

9 September: The Dow closed lower for a fourth straight session as the US-Iran conflict, now in its seventh month, kept oil prices elevated.

1 September: Japan's 10-year government bond yield touched 3% for the first time since 1996.

INDIAN NEWS (PIB — 10 September 2026, 19 releases across 10 ministries)

Ministry of Agriculture & Farmers Welfare (4)

India–Malaysia Bilateral Meeting
Shri Shivraj Singh Chouhan Engages Farmer Leaders Nationwide on Proposed Stronger Seed Act
9th ASEAN–India Ministerial Meeting Reaffirms Commitment to Food Security, Sustainable Agriculture and Resilient Value Chains
Drylands Can Become a Great Strength with Right Science, Policy and Market Support: Union Minister Shri Shivraj Singh Chouhan

Ministry of Coal (1)

Two-day Vendor Development Programme Jointly organised by CMPDI and MSME-Development Office, Ranchi concludes successfully

Ministry of Commerce & Industry (2)

Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Accelerating India-Russia Economic Partnership to Achieve $100 Billion Bilateral Trade by 2030
Commerce and Industry Minister Shri Piyush Goyal, Minister of Industry and Trade of the Russian Federation Mr. Anton Alikhanov visit NICDC pavilion at INNOPROM India 2026

Ministry of Communications (3)

Agreement Signed between DBN (Digital Bharat Nidhi) - Department of Telecommunications; Government of Jharkhand; JDICL; BSNL & JCNL for Implementation of Amended BharatNet Program in Jharkhand
TRAI releases The Standards of Quality of Service (Duration of Advertisements in Television Channels) (Repealing) Regulations, 2026
Union Minister of Communications Shri Jyotiraditya Scindia Calls For Inclusive and Trusted Intelligent Finance at the Global Fintech Festival 2026

Ministry of Consumer Affairs, Food & Public Distribution (2)

BIS seizes 803.99 grams of non-hallmarked gold jewellery in Chennai
Government amends E-Commerce Rules to strengthen consumer protection and promote transparency

Ministry of Electronics & IT (2)

NIELIT Digital University (NDU) Platform Integrated with Saylor University, USA
Digital India BHASHINI Division Organises Workshop at Maharashtra Mantralaya; Advances Multilingual AI for Inclusive Digital Governance

Ministry of Housing & Urban Affairs (1)

Union Minister Shri Manohar Lal reviews preparations for Swachhata Hi Seva 2026 with States/UTs

Ministry of Labour & Employment (1)

Two-Day National Conference on Building and Other Construction Workers (BOCW) to Begin in Mumbai Tomorrow

Ministry of New and Renewable Energy (1)

Small Hydro Power has a distinctive role in India's clean energy transition: Shri Shripad Yesso Naik

Ministry of Ports, Shipping and Waterways (1)

India Charts Course to Become Global Hub for Ship Ownership, Leasing and Maritime Finance: Sarbananda Sonowal

Ministry of Power (1)

BEE Showcases Commercial Electric Cooking Solutions to Accelerate India's Transition from LPG to Electricity
THE WEEK AHEAD

11 September: US August CPI report due, 8:30 AM ET.
15-16 September: FOMC meeting. Rate decision on 16 September, 2:00 PM ET, alongside the Summary of Economic Projections.
17-18 September: Bank of Japan monetary policy meeting.