Indices
Nifty Outlook: Nifty closed at 23,914 on Wednesday, slipping below the psychological 24,000 mark as escalating US-Iran tensions pushed crude oil higher and global risk sentiment deteriorated.
For Thursday, 23,900–24,000 is the key zone to watch.
The Nifty is currently sitting around a critical support area, and a sustained hold above this zone could trigger a short-term recovery towards 24,050–24,150.The setup remains cautious rather than outright bearish.
FII/DII Data
FII/FPI: -1914.08 crore
DII: 2794.03 crore
Global Markets
GIFT Nifty: GIFT Nifty jumps 125 pts, signals positive start for Sensex, Nifty.
US Markets:U.S. stocks rebounded, snapping a three-day losing streak as oil prices and Treasury yields stabilized.
Asian Markets:Asian markets tumbled on September 2, 2026, driven by a sharp rise in oil prices and surging global bond yields following U.S. airstrikes on Iran.
News & Events
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Chinese President Xi Jinping visited Cairo to deepen economic and strategic footprints in Egypt, capitalizing on regional ambiguity as Gulf states re-evaluate security dependencies on the US.
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Jewellery Giants are racing to consolidate - GRT Jewellers decided to acquire 74.12% stake in listed jewellery retailer TBZ.
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Imports of Soyoil at record in August, palm oil at six-month high.
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Nvidia’s Jensen Huang urges G20 to speed up AI adoption.
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Zerodha, India’s second largest broker secured a Merchant Banking license.
Stocks in Focus -
BSE Ltd - BSE acknowledged that its newly introduced Closing Auction Session (CAS) has contributed to lower trading volumes. The stock fell more than 3% on Wednesday following the development
Coal India - Coal India gained around 4% on Wednesday, with broker expectations of improved earnings supported by higher pricing. Additionally, its subsidiary Mahanadi Coalfields (MCL) has filed a DRHP for an IPO, potentially creating another important catalyst for Coal India’s value unlocking story.
Power Grid Corporation of India - The company has received a Letter of Intent (LoI) for an inter-state transmission system project for the evacuation of power from Rajasthan REZ Phase-IV