Market snapshot
Nifty 5023,914.45-0.59%
Sensex76,570.35-0.49%
Bank Nifty57,172.00-0.41%
Previous close · 2 Sept 2026 · Nifty has closed between -1.0% and -0.5% on 148 of the last 1,249 sessions.
In the previous session, Indian markets declined modestly as investors weighed the implications of India's recent upgrade to an 'A' credit rating, which marks a significant milestone reflecting international recognition of the country's structural reforms. Despite this positive backdrop, market sentiment was overshadowed by extended declines as the Sensex and Nifty logged their third consecutive weekly loss, the longest streak in five months. This downturn is compounded by the Indian rupee hitting a record low, adding pressure to market dynamics. Meanwhile, corporate news such as The India Cements' acquisition of a stake in Amplus TN One Energy and Tata Consumer Products increasing its holding in Capital Foods highlighted ongoing strategic moves within the corporate sector.
The big story
‘A’ rating back after 35 years, recognition of India's deep structural reforms: NK Singh
India's credit rating upgraded to 'A' after 35 years due to structural reforms.
News
The Reserve Bank of India's FCNR-B deposit facility has amassed over $127 billion, surpassing market expectations and marking a significant milestone in India's financial landscape.
India's banking system has reported a liquidity surplus exceeding 4.5 trillion rupees, reflecting robust financial conditions.
Russia-India trade has seen a significant shift with 96% of settlements now conducted in local currencies, boosting the rupee-rouble exchange.
Glass Wall Systems has set the price band for its upcoming IPO at ₹172-₹182 per share, with the offering opening on 8 September and closing on 10 September.
Lumino Industries is set to list its IPO today at an estimated price of ₹121.5, marking a 48.17% increase from its IPO price of ₹82.
Stocks Updates
The Great Eastern Shipping Company: sent an intimation regarding the open market buyback offer to all its shareholders on September 01, 2026.
PVR INOX: approved the buyback of fully paid up equity shares at its board meeting on August 31, 2026.
ITC Hotels: acquired 100% of the share capital of GHK Hospitality & Infrastructures Limited, making it a wholly owned subsidiary as of September 1, 2026.
The India Cements: entered into agreements to acquire 26% equity shares of Amplus TN One Energy Private Limited for renewable energy purposes.
Lumino Industries IPO listing today: the estimated listing price is ₹121.5, reflecting a 48.17% increase from the IPO price of ₹82, supported by a strong revenue growth outlook.
Anand Rathi Wealth: cost of acquisition and/or price at which the shares are acquired Subscription to 54,90,000 Equity Shares of ₹10 each (being the face value) aggregating to ₹5,49,00,000 on rights basis. i.
TATA CONSUMER PRODUCTS: acquired the residual 5% stake in Capital Foods from Wildflower Private Trust, increasing its holding to 80%.
FII / DII activity
FIIBought ₹6,688.37 Cr
DIIBought ₹2,812.98 Cr
FIIs bought ₹6,688.37 Cr, DIIs bought ₹2,812.98 Cr. Large buying across both institutional categories.
Market breadth
Nifty 500
Advances171
Declines324
A/D ratio0.53
Limited participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
Energy+0.59%
Realty+0.21%
PSU Bank+0.07%
Infra+0.03%
Pharma-0.04%
Metal-0.25%
Bank-0.41%
FMCG-0.47%
Fin Services-0.73%
IT-1.25%
Media-1.75%
Auto-1.79%
Leaders: Energy, Realty · Laggards: Auto, Media
Top gainers and losers
Gainers
JSWENERGY₹539.80+4.21%
COALINDIA₹417.85+4.05%
TATAPOWER₹364.00+3.84%
IDEA₹14.53+3.34%
KALYANKJIL₹590.00+2.97%
Losers
HEROMOTOCO₹5,300.00-4.59%
VOLTAS₹1,152.10-4.39%
KEI₹5,170.00-3.33%
SONACOMS₹782.65-3.32%
EICHERMOT₹7,711.50-3.24%
Commodities & forex
🪙 Gold (10g)₹1,52,544.00+0.09%
🥈 Silver (1kg)₹2,36,428.00+0.07%
USD/INR94.96-0.17%
Global cues
S&P 5007,666.60+0.46%
Nasdaq26,217.83+0.45%
S&P 500 futures7,642.75-0.73%
Nasdaq futures29,125.50-1.31%
The S&P 500 closed 0.46% higher. The Nasdaq rose 0.45%.
Technical levels
Nifty support23,829.35 / 23,744.25
Nifty resistance23,957.00 / 23,999.55
Bank Nifty support56,923.10
Bank Nifty resistance57,321.00
Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.
Corporate actions
Upcoming ex-dates
PVR INOX
Buyback · ex 4 Sep
Action Construction Equipment
Dividend ₹2.00/sh · ex 3 Sep
Clean Science and Technology
Dividend ₹4.00/sh · ex 4 Sep · record 5 Sep
Term of the day
Convertible debentures
Convertible debentures are debt instruments that can convert into equity shares on specified terms.