More Stories

Informist, Thursday, Sept. 3, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Indices seen sideways as crude weighs on sentiment

 

MUMBAI--0820 IST--Indices are expected to move sideways Thursday as elevated crude oil prices continue to weigh on the market. The West Asia war continued to weigh on investor sentiment. Meanwhile, Asian markets opened higher on a pause in the global bond selloff, while US indices ended lower. 

 

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. 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. All Asian indices were higher in early trading, with South Korea's Kospi leading the region, 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.

 

"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.

 

On the stocks front, Nuvama Institutional Equities upgraded Tata Power Co. to 'buy' from 'hold'. The brokerage has a bear target price of INR 363 and a bull case price view of INR 421. The stock corrected around 8?ter an adverse ruling by the Singapore International Commercial Court on a challenge to arbitration proceedings initiated by Kleros Capital Partners Ltd. against the company. The brokerage expects meaningful upside from unpriced pumped hydro storage projects and a tariff-based competitive bidding pipeline, and sees cash flow contribution from around 2028-29 (Apr-Mar) to FY30.  (Adhithya Aji)

---

Equity Alert: US indices up as bond yields unch post multi-year high earlier

 

MUMBAI--0735 IST--Major US indices ended higher Wednesday as US bond yields largely remained unchanged after rising to new highs in past few sessions. Oil prices rose slightly due to the clashes between the US and Iran with the November Futures contract of Brent Crude Oil Wednesday ending around 1% higher at $95.63 per barrel. Thursday, Brent crude oil futures gained only marginally.

 

 

Yields on the US 2-year Treasury bond and the 10-year Treasury note fell marginally after reaching yearly highs in the session, according to a Dow Jones Newswire report. The 30-year bond yield remained unchanged after five-sessions of gains. 

 

The S&P 500 ended 0.6% higher, while the Nasdaq Composite and the Dow Jones Industrial Average closed higher by 0.5?ch. "The key driver is oil," Jay Hatfield, CEO of Infrastructure Capital Advisors, told CNBC. "That's why the market is able to get a little rally today, because oil's topping out," he added. 

 

Shares of Nvidia Corp. ended over 3% higher, supporting the Dow Jones index. Shares of other heavyweights such as American Express and Walt Disney also closed nearly 2% higher. Among sectors, shares of airlines, gold and silver mining, and regional banks ended higher and were the outperformers, a Reuters report said.

 

Shares of Dell Technologies gained nearly 16?ter increasing its annual profit and revenue predictions. Brown-Forman shares also ended nearly 4% higher after its quarterly earnings beat expectations, the Reuters report said.

 

Following are the closing levels of key indices in the region: 

 

Index	Level	Change in %
Dow Jones Industrial Average	53061.95	0.6
NASDAQ Composite	26217.83	0.5
S&P 500	7666.60	0.5

 

(Vidhi Thacker)

 

US$1 = INR 94.97

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

 

Edited by Saji George Titus

 

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.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - https://www.sebi.gov.in
Bombay Stock Exchange - https://www.bseindia.com
National Stock Exchange of India - https://www.nseindia.com
Directory of Indian government websites - https://igod.gov.in/
Indian Ministry of Finance - https://igod.gov.in/organization/Ic4zv3QBGZk0jujBKgGW
Reserve Bank of India - https://rbi.org.in
Controller General of Accounts, Government of India - https://cga.gov.in/
Government's Press Information Bureau - https://www.pib.gov.in

 

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.