Nifty 50:
Nifty opened higher at 23,997.95, in line with the positive start indicated by GIFT Nifty, and briefly crossed the 24,000 mark.
However, the index struggled to sustain gains and slipped towards the 23,900 zone during the session, with a low of around 23,893.
Our pre-market view played out to a considerable extent: We had identified 23,900–24,000 as the key zone and highlighted that holding this area could lead to a short-term recovery
The index remained largely range-bound thereafter, reflecting continued caution amid elevated crude prices and geopolitical uncertainty.
Sectoral Snapshot:
Top Gainers: Nifty Realty gained 2.37%, followed by Nifty Media gaining + 1.89% recovering from yesterdays fall and Nifty Financial Services gaining around 0.5%
Top Losers: Nifty IT saw the sharpest fall of -0.85%, followed by Nifty FMCG and Nifty Auto with -0.62% and -0.52% respectively.
Company News and Updates:
- Karnataka Issues LOI to Hindustan Zinc for Gundlupet REE and Yttrium block mining lease.
- IDFC FIRST Bank mobilized USD 3.57 billion via FCNR(B) swap window; IBU facilitated USD 2.60 billion lending.
- Adani Total Gas appoints Mr. Preyash Jhaveri as CFO effective September 3, 2026.
Ceigall India received LoI for a ₹5,300 crore common transmission system project from RECPDCL. - Max Smart Super Speciality Hospital, Saket inaugurated a 400-bed tower, taking total capacity to about 1,200 beds.
- PC Jeweller repaid debt to one more bank; 9 of 14 banks cleared, over 96% of remaining debt repaid.
- Canara Bank board approved up to USD 2,000 million foreign currency bonds under MTN programme.