US Markets

The Indian stock market is expected to open lower on 11 September 2026, as rising oil prices and inflation data trigger a selloff. Investor sentiment remains cautious following recent global market declines and geopolitical tensions.

SK Hynix, Micron, and AMD faced declines of up to 6% on September 10 as profit-taking followed recent highs. Escalated tensions in West Asia and a surprising increase in August's Producer Price Index raised inflation worries ahead of upcoming Federal Reserve meetings.

US stock futures were mostly flat as investors awaited inflation data that may influence the Federal Reserve's policies. Major indices are negative for the week, with rising oil prices and bond yields, alongside geopolitical tensions in West Asia, contributing to market caution.

Gift Nifty was trading around the 23,461.50 level, down nearly 90.70 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

Apple shares dipped 1.53% after introducing the iPhone 18 Pro and Pro Max, reflecting investor disappointment. As the company aims for a successful product cycle under new CEO John Ternus, market focus remains on balancing rising prices with revenue growth expectations and AI strategy.

The US Treasury tripled the initial size of its next buyback of longer-dated government debt, in an announcement that was met with initial disappointment by investors.

At Wednesday’s event, Apple is expected to refresh its premium iPhone Pro and Pro Max models while holding off on updates to the iPhone Air and base and budget models until spring 2027.

Gift Nifty was trading around the 23,638 level, down nearly 100 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

Apple shares dropped 1.3% to $315 ahead of an event where the company will unveil its first foldable phone and new iPhone models. Analysts anticipate significant interest in the foldable device, which marks a major design change for Apple’s flagship product.

Qualcomm's shares rose nearly 9% after announcing a deal with Amazon for customised data centre chips. The agreement allows Amazon to acquire up to $4 billion in Qualcomm shares, supporting the development of AI infrastructure amid Qualcomm's efforts to diversify beyond smartphone processors.