Stock Market News: Sensex, Nifty Closes At 2-Week High As PhysicsWallah IPO Creates Buzz, Gold Scales Record Peak

Stock Market News: Benchmark indices surged to their two-week closing highs on September 9, 2025, led by a rally in IT stocks. Gold prices in domestic futures as well as globally scaled to new all-time high amid rising US Federal Reserve rate cut bets. PhysicsWallah IPO remained abuzz as the Alakh Pandey-led edu-tech company listed some bizzare risks including slipper attacks, falling ceiling fans, and mysterious odours in its updated draft red herring prospectus.

The BSE Sensex closed 314.02 points, or 0.39 per cent, higher at 81,101.32. Likewise, the NSE Nifty 50 surged 95.45 points, or 0.39 per cent, to close at 24,868.60. With this, the benchmark indices have extended gains for the fifth consecutive session.

The broader markets mirrored the sentiment as the Nifty Midcap 100 rose 0.18 per cent and the Nifty Smallcap 100 climbed 0.34 per cent. Nifty 500 and Nifty Microcap 250 also gained 0.31 per cent and 0.17 per cent, respectively.

IT Stocks Emerge Top Sectoral Gainers

IT stocks were the biggest gainers of the day, with Nifty IT snapping its 5-day losing streak to surge 2.76 per cent. The rally in It stocks came on the heels of a buyback announcement from Infosys. The Salil Parekh-led IT giant said in an exchange filing that it will propose a share buyback program at its upcoming board meeting on September 11, 2025.

Following IT, Nifty Pharma, Nifty Healthcare, and Nifty FMCG gained between 0.50 per cent and 1 per cent.

On the other hand, Nifty Auto snapped from its 4-day GST rationalisation-led rally to close flat-to-negative. Nifty Realty, Nifty Oil & Gas, Nifty Energy and Nifty Consumer Durables closed in red, between 0 per cent and 0.30 per cent each. Nifty Bank, which tracks the 12 most valuable and liquid bank stocks, rose 0.05 per cent to close at 54,216.10.

Nifty 50 Top Gainers And Losers

From the Nifty 50 index, Infosys jumped 4.85 per cent, Dr Reddy's Laboratories rose 3.50 per cent, Wipro advanced 2.81 per cent, Adani Ports climbed 2.54 per cent and Tech Mahindra gained 2.45 per cent. SBI Life Insurance, HCL Technologies, Eicher Motors, HDFC Life Insurance, Tata Consultancy Services (TCS), and Nestle India were other top gainers during the day, rising between 1.09 per cent and 1.63 per cent.

On the other hand, Trent lost 1.74 per cent and Eternal (formerly Zomato) gave up 1.20 per cent to emerge as the top losers. UltraTech Cement, Jio Financial Services, IndusInd Bank, Titan, NTPC, and Tata Motors were other top losers, falling between 0.60 per cent and 0.81 per cent.

PhysicsWallah IPO's Unusual Risk Disclosures

In one of the most unusual disclosures, PhysicsWallah highlighted several unexpected risks in its updated DRHP.

The document mentioned, "In 2023, a student was seen threatening a faculty member with a slipper over a video call." It also referred to a safety incident at an offline centre in New Delhi: "A first information report dated June 11, 2024 alleging offences of negligent conduct in relation to machinery and endangerment of life and safety on the part of our Company was filed against an employee of our Company after a ceiling fan fell on a student… This matter has now been settled and disposed of."

Another risk cited involved classroom safety: "In 2024, an unidentified odour was detected in a classroom in one of our Utkarsh centres, which required us to evacuate the students in the class, with a few students referred to nearby hospitals."

The DRHP added that despite precautions, "no assurance can be provided that such accidents or safety breaches will not occur in the future, and any failure to continue protecting student safety could have a material impact on our reputation, student enrolments, business and financial condition."

Gold Prices Today: Yellow Metal Touches New Record High

Gold prices touched a new record high on the Multi-Commodity Exchange (MCX) earlier today. MCG Gold October futures scaled to new record high of Rs 1,09,500 per 10 grams, up by Rs 982, or 0.90 per cent from previous close. The rally in gold prices came on the heels of rising bets of a potential rate cut by the US Federal Reserve's rate setting panel Federal Open Market Committee (FOMC) at its upcoming meeting on September 16-17.

Kaynat Chainwala, AVP - Commodity Research, Kotak Securities told Outlook Money that softer US labor market data has strengthened bets of up to three rate cuts by the US Federal Reserve this year, including a 25 bps cut in September.

She added that continued central bank buying, concerns over the Fed's independence, and rising geopolitical risks are also boosting gold's safe-haven appeal. Inflationary pressures from higher tariffs and signs of a weakening labor market have fueled stagflation fears, creating a supportive medium-term outlook for gold, Chainwala added.

Crude Oil Prices Today

Crude oil prices extended gains for the third straight day, gaining some ground after facing three continuous days of selling pressure, which saw oil prices dip by more than 5 per cent.

Brent Crude November futures traded at $66.55 per barrel, up 0.80 per cent, while the WTI Crude October futures quoted at $62.79, up by 0.85 per cent, at the time of filing this report.

Primary Market Action

Amanta Healthcare IPO saw a decent debut on the bourses today, listing with a premium of 7 per cent. Shares listed at Rs 135 apiece on the NSE, up 7 per cent from its issue price of Rs 126, and on the BSE, the stock listed at Rs 134, up 6.34 per cent.

Apart from this, a few companies filed their papers with the market regulator Securities and Exchange Board of India (Sebi) today to raise funds through IPO. This includes Knack Packaging, Vigor Plast India, Euro Pratik Sales, SFC Environmental Technologies, and PhysicsWallah.