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Daily Market Commentary for April 10th 2026 By Siddhartha Khemka - Motilal Oswal Financial Services Ltd

Indian markets are likely to remain volatile next week, with the outcome of peace talks over the weekend expected to be a key driver of the market direction. Investor sentiment will be closely tied to developments in US–Iran negotiations, while crude oil price movements and foreign fund flow trends will also play an important role. Any easing of tensions could provide further support; however, the durability of the recovery will hinge on meaningful progress in negotiations and stability in global energy markets. On Friday, Indian markets traded with a positive bias, Nifty reclaimed the 24000 mark, after yesterdays’ weakness. This was supported by improving global cues, strengthening rupee and easing concerns around geopolitical tensions following indications of a potential pause in escalation in the US–Iran conflict. The recovery was driven by broad-based buying across sectors, with financials and select index heavyweights supporting the benchmarks, while improved participation was visible in the broader markets. Nifty gained 6.4% this week, while FII selling intensity moderated from Wednesday onwards, indicating a potential easing in foreign outflow pressure. Nifty closed at 24,050 (+1.1%, +275 points), while broader markets outperformed, with the Midcap100 and Smallcap100 indices gaining 1.5% and 1.6%, respectively, indicating strengthening market breadth. Overall, market sentiment has shown signs of improvement, supported by easing geopolitical concerns and broad-based buying across sectors. However, the longevity of this recovery depends upon the progress in US–Iran negotiations. Crude oil price and continued foreign fund outflows will also be key factors in moulding market sentiment.

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