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Informist, Wednesday, Sept. 2, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices off lows; RIL, select stocks pare losses

 

MUMBAI--1102 IST--Benchmark indices came off lows with Reliance Industries and select other stocks paring earlier losses. However, losses in stocks of automobile companies and heavyweights ICICI Bank and HDFC Bank kept the Nifty 50 index in the red. At 1101 IST, the Nifty was at 23860.55 points, down 195.25 points, or 0.8%, and the BSE Sensex was at 76404.38 points, down 539.90 points, or 0.7%.

Eicher Motors fell over 4% and was the major laggard in the Nifty 50. Shares of automobile companies Bajaj Auto, Mahindra & Mahindra, and Maruti Suzuki India were trading 1-3% lower. Information technology companies Infosys, Tata Consultancy Services, Wipro, and HCL Technologies were down around 1%. The heavyweight ICICI Bank was down nearly 1%, weighing on the index.

 

Meanwhile, Coal India was up nearly 4% and remained as the top gainer in the index. Adani Ports and Special Economic Zone, NTPC, ITC, and Reliance Industries rose further and were up around 1?ch. Adani Ports established a new monthly record of handling 50 mln tonnes of cargoes across its ports in August.

 

The broader markets remained in red with midcaps down over 1% and smallcaps down nearly 1%. The sectoral indices were also in red with Nifty Auto index down over 2%. Nifty Realty and Nifty India Defence were down around 2?ch.

 

In the Nifty 200 index, Vodafone Idea and JSW Energy were up nearly 3% and over 2%, respectively. Shares of Vodafone Idea rose after the telecommunications major brought some changes to its brand.

 

Two-wheeler majors Hero MotoCorp and Eicher Motors were the major underperformers in both the Nifty 200 and Nifty 500 indices. Hero MotoCorp fell nearly 6% and Eicher was down 4%. BEML's shares rose over 1%. The company had announced an INR-1.81-billion order win to make Vande Bharat train sets from Integral Coach Factory. Financial services company IFCI's stock was the top gainer in the Nifty 500 index, up nearly 9%.  (Utthara E. S.)

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Equity Alert: Indices slump at open as crude oil prices rise on US-Iran war 

 

MUMBAI--0949 IST--Benchmark indices plummeted Wednesday as a sharp rise in crude oil prices and the escalation in the war in West Asia hit investor sentiment. The crude oil prices were nearly $96 per barrel. The Nifty 50 fell below the key support of 24000. Broader market indices were down as well. Information technology and automobile companies were the major laggards in the weak market.

 

At 0947 IST, the Nifty was at 23825.05, down 230.75 points or 1%, and the BSE Sensex was at 76306.54, down 637.74 or 0.8%. The broader market indices fell--midcap indices down over 1?ch and the smallcap indices fell 0.8-1.0%. Among the sectoral indices, Nifty Auto was the worst hit, down over 2%. Nifty IT fell over 1%. 

 

Eicher Motors fell over 4% and was the worst in the Nifty 50. Its peers Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki India, and Tata Motors Passenger Vehicles fell 1-2%. Information technology companies Infosys, Tata Consultancy Services, Wipro, and HCL Technologies fell 1-2%. Shriram Finance fell nearly 2%. Its peers Bajaj Finance, Jio Financial Services, Bajaj Finserv, SBI Life Insurance Co., and State Bank of India fell around 1?ch. 

 

Coal India was the top gainer among the four stocks that gained in the Nifty 50. Nuvama upgraded the stock to 'buy' and raised the target price 15% to INR 454. The brokerage expects the company to lodge a volume recovery in the second half of 2026-27 (Apr-Jun). The company is also set to offload 661.84 million shares as promoter in the initial public offer of Mahanadi Coalfields. Oil and Natural Gas Corp. rose nearly 1%. Shares of the oil explorer gained amid a sharp rise in crude oil prices. 

 

Coal India and ONGC, these state-run energy companies, were the top gainers in both the Nifty 200 and Nifty 500 indices. On other hand, Eicher Motors and Hero MotoCorp were the worst hit stocks in both the indices. They were down around 4?ch. Hero MotoCorp fell after the company reported only a 3% on-year gain in its August monthly sales volume.   (Adhithya Aji)

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Equity Alert: Mkts to open lower on rise in oil prices, W Asia war escalation

 

MUMBAI--0852 IST--Indices are expected to open lower as crude oil prices jumped sharply after US and Iran launched attacks on each other. Elevated crude oil prices has been a major over over hang for the equity markets since the outbreak of the war. Coupled with this, higher government bond yields are likely to hit the market sentiment. 

 

At 0845 IST, the November futures of Brent crude was up nearly 1% at $95.61 per barrel. US Central Command said its military forces began striking Islamic Revolutionary Guard Corps targets in Iran. "The strikes follow recent attempted attacks by the IRGC (Islamic Revolutionary Guard Corps) against commercial shipping in the Strait of Hormuz and against American service members deployed to the region," the US Central Command said in a post on X. Following this, Iran reportedly attacked Kuwait, Jordan, and Bahrain with drones and missiles, Al-Jazeera reported. This added to the tensions in the region, which pushed the crude oil prices higher.  

 

"Rising energy costs are stoking fears of sticky inflation, adding pressure to borrowing costs and weighing on richly valued equities — complicating the Fed's next policy move," said Devarsh Vakil, head of research at HDFC Securities, in a note. He added Indian equities are likely to be hit by the negative global cues. The analyst expects the Nifty 50 to fall below the key support level of 24000, taking the index to the 23823-23890 levels.

 

Government bond yields jumped across major markets Tuesday following a surge in the 10-year US Treasury notes. The 10-year US Treasury yield rose to a 20-month high of 4.7880%, up 3 basis points. The higher US bond will have an impact on Indian equity because when the interest rate goes up, the debt money will not come, which will weaken the rupee and impact overseas inflows, a head of research at a domestic broking firm said. The higher bond yields across the global market have sparked negative sentiment globally.  (Adhithya Aji)

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Equity Alert: Asian mkts slump as crude oil prices jump on US-Iran escalation

 

MUMBAI--0840 IST--Major Asian indices opened lower Wednesday after crude oil prices jumped sharply as the US launched attacks on Iran. Reports said Tehran attacked Kuwait, Jordan, and Bahrain in retaliation. The attacks heightened concerns and weighed on Asian markets, particularly in major oil-importing economies. Global bond yields also rose amid heightened concerns over the conflict.

 

November Brent crude oil futures rose for the third consecutive day and hit a high of $97.04 on Wednesday. The rise came after the US launched airstrikes on Iran, with Tehran responding with retaliatory attacks on US assets in the region, Reuters reported. Government bond yields in the region also rose, with Japan's benchmark 10-year bond yield rising more than 6 basis points to 3%. Japan's 2-year government bond yield also touched a 31-year high of 1.81%, news reports said. 

 

South Korea's Kospi was the region's worst-performing index, falling more than 3%. Kospi heavyweights Samsung Electronics and SK Hynix were down more than 3%, dragging down the index. Japan's Nikkei 225 fell nearly 3%, while the broader Topix fell around 2% amid weakness in chip-related stocks, with heavyweight SoftBank Group Corp. down nearly 6%. Shares of Tokyo Electron and Advantest Corp. were down nearly 4% and around 2%, respectively. Mainland China's CSI 300 and Hong Kong Hang Seng were down around 1?ch. 

 

The following are the levels of key indices in the region at 0800 IST: 

 

Index	Level	Change in %
Nikkei 225 Day	64473.16	(-)2.6
TOPIX FIRST SECTION	4085.59	(-)2.3
S&P/ASX 200 Index	8971.50	(-)1.1
KOSPI Index	6628.40	(-)3.0
Hang Seng Index	25028.36	(-)1.2
CSI 300 Index	4539.76	(-)1.6
FTSE Singapore Strait Times	5706.38	(-)0.1

 

(Vidhi Thacker)

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Equity Alert: US markets end lower as oil prices, Treasury yields rise

 

MUMBAI--0755 IST--Major US indices extended losses Tuesday as rising hostilities between the US and Iran pushed crude oil prices higher. Further, Treasury yields globally rose to multiyear highs as markets expect central banks worldwide to raise benchmark interest rates.  

 

The US 10-year Treasury note moved to a 20-month-high, up 3 basis points to 4.788%, according to a CNBC report. The November futures contract of Brent crude oil was up more than 2%, rising to $96 per barrel after the US launched airstrikes against Iran on Tuesday and Iran responded by attacking US assets in Jordan, Bahrain, and Iraq, according to a Reuters report.

 

"Following Kevin Warsh's hawkish comments on Friday, we have strikes in Iran, and oil is higher. It is the perfect cocktail for a risk-off day in a market that is trading near all-time highs," Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky, told CNBC. 

 

Even though there are concerns about inflation, US economic data have not changed enough to support an interest rate hike in September, Mayfield told CNBC. The probability of a US Fed rate hike in September stood at 68%, according to the CME FedWatch. 

 

On Tuesday, the Nasdaq Composite was the worst-performing major US index, ending 1% lower. Shares of heavyweights Nvidia Corp., Microsoft Corp., and Alphabet Inc. closed around 1% lower, while Amazon shares fell nearly 2%. The Dow Jones Industrial Average and the S&P 500 were down 0.7-0.8%.

 

The following are the closing levels of key indices in the region:

 

Index	Level	Change in %
Dow Jones Industrial Average	52766.88	(-)0.8
NASDAQ Composite	26099.77	(-)1.0
S&P 500	7631.47	(-)0.7

 

(Vidhi Thacker)

 

US$1 = INR 94.96

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Deepshikha Bhardwaj

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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