More Stories

Informist, Thursday, Sept. 3, 2026

By Adhithya Aji

MUMBAI – Equity markets are expected to move sideways Thursday as the escalation in the war in West Asia has kept crude oil prices elevated. November Brent futures were over $95 per barrel. However, Asian equity markets opened higher Thursday, buoyed by a pause in the global bond selloff. 

The global bond selloff eased after Federal Reserve Bank of New York President John Williams, in an interview with CNBC, said evidence shows no need right now for a change in interest rate policy amid the West Asia war. Williams is the second in charge of the Federal Reserve's rate-setting panel. Japan's 10-year government bonds fell 4 basis points to 2.970% on Thursday. This follows government debt touching a three-decade high of 3.015% Wednesday. Most Asian equity indices opened higher, with South Korea's Kospi leading regional gains, up over 1%.

However, the situation in West Asia is likely to keep investor sentiment cautious. The US Navy continues to strictly enforce the blockade against Iran, US Central Command said in a social media post. US President Donald Trump said the US is ready to strike Iran "at any time", but he does not expect the recent escalation to last long, Al Jazeera reported. Trump added that Washington has "almost total control" of the Strait of Hormuz, the report said. Analysts believe continued worries in West Asia are likely to keep oil prices higher and weigh on Indian equity market sentiment. 

On Wednesday, foreign investors were net buyers of Indian equities. They bought shares worth INR 66.88 billion, while domestic investors bought equity worth INR 28.13 billion. Overseas investors were net buyers of Indian equity for the second consecutive session. Foreign investors have become less important to domestic markets as their role has become more "opportunistic", according to a head of research at a domestic broking firm. The analyst expects the overseas investors to return once the global artificial intelligence trade cools down. Foreign investors opt for markets with a heavy presence of chip and semiconductor stocks as they provide more returns.

At 0753 IST, the September futures of GIFT Nifty were flat at 24092.50, indicating a gap-down start for the Nifty 50. "Technically, the Nifty index has multiple supports in the 23800–23600 spot zone, and the possibility of a bounce-back rally up to 24000 spot cannot be ruled out at this juncture," Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market, said. The close above 24000 would trigger a positive development that could take it higher towards 24200 levels in the near term, Kumar added.  End

US$1 = INR 94.97

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

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.