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Informist, Wednesday, Sept. 2, 2026

 

By Adhithya Aji

 

MUMBAI – The benchmark indices ended sharply lower Wednesday with the Nifty 50 falling below the key support level of 24000 points at the opening. A jump in crude oil prices following an escalation in the war between the US and Iran weighed on sentiment. The Brent Crude Oil November futures rose over $95 per barrel.

 

The 50-stock index was dragged down by a fall in index heavyweights and automobile stocks. The Nifty 50 ended 0.6% lower than Tuesday at 23914.45 points. The BSE Sensex closed 0.5% lower at 76570.35 points. The Nifty 50 closed below 24000 for the first time in more than a month.

 

Eicher Motors fell the most in the Nifty 50, down over 3%. Its automobile peers Mahindra & Mahindra, Bajaj Auto, and Maruti Suzuki India fell 1-2%. The Nifty Auto slumped nearly 2% and was the worst hit among sectoral indices. Barring Tata Motors Passenger Vehicles, which rose nearly 1%, all its other constituents fell. Hero MotoCorp fell the most, down nearly 5%.

 

Automobile stocks came under selling pressure as investors anticipated moderation in demand and higher input costs to hit margins in the second half of the financial year 2026-27 (Apr-Mar), according to analysts.

 

Heavyweights HDFC Bank and ICICI Bank fell nearly 2% and 1%, respectively. Information technology companies Wipro, HCL Technologies, Infosys, Tech Mahindra, and Tata Consultancy Services fell 1-3%. Financial services companies HDFC Life Insurance Co., State Bank of India, Shriram Finance, and SBI Life Insurance Co. fell around 1?ch. Asian Paints fell nearly 2% amid a sharp rise in crude oil prices, a key raw material for paint manufacturers. Crude oil price was also the major reason for the fall in shares of InterGlobe Aviation, down nearly 1%. Higher crude oil price translates to higher jet fuel costs for the airline operator, hitting its margins.

 

Fast-moving consumer goods companies Tata Consumer Products, Hindustan Unilever, and Nestle India fell around 1?ch. Max Healthcare Institute, Bharti Airtel, Cipla, and JSW Steel also ended around 1% lower.      

 

In the Nifty 50, Coal India closed 4% higher. The stock rose after Nuvama changed its recommendation to "hold" and raised the price target by 15% to INR 454. Nuvama expects the company's volumes to recover in the second half of the financial year 2026-27 (Apr-Jun) and prices at its electronic auctions to increase.

 

State-owned energy companies NTPC and Power Grid Corp. of India closed nearly 2% and 1% higher, respectively. Adani Ports and Special Economic Zone and Adani Enterprises also closed nearly 2% and 1% higher, respectively. Tata Motors Passenger Vehicles closed nearly 1% higher. Most brokerages hold the view that the Safari-maker outperformed its peers in passenger vehicles sales for August.

 

All the broader market indices ended lower. Midcap indices fell 0.5-0.7% and smallcap indices ended 0.4-0.6% down. Nifty Energy closed 0.6% higher. "Tracking negative global cues, domestic equities saw volatile trade, with mid-caps bearing the brunt," Vinod Nair, head of research at Geojit Investments, said in a note. Vodafone Idea ended over 3% higher in the Nifty 200. The stock rose after the company announced some changes to its brand. JSW Energy closed over 4% higher in the index.

 

* Of the Nifty 50 stocks, 14 rose, 36 fell

* Of the Sensex stocks, 10 rose, 20 fell

* On the NSE, 1,445 stocks rose, 2,073 fell, and 112 were unchanged

* On the BSE, 1,914 stocks rose, 2,428 fell, and 234 were unchanged
* Nifty Energy: up 0.6%; Nifty Media: down 1.8%; Nifty Auto: down 1.8%

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BSE                                            NSE

Sensex: 76570.35, down 373.93 points or 0.5%   Nifty 50: 23914.45, down 141.35 points or 0.6%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 94.97

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

 

Edited by Rajeev Pai

 

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