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What is the story about?
Markets under pressure as oil, bonds and global risks mount
Indian equities ended sharply lower on Wednesday, with the Sensex falling 374 points to 76,570 and the Nifty declining 141 points to 23,914, slipping below the 24,000 mark. Persistent West Asia tensions raised concerns over crude oil prices, with Trading.com warning that oil could climb to $100 a barrel.
Despite the market weakness, foreign and domestic institutional investors remained net buyers. Meanwhile, RBI data showed $136.4 billion in forex swap inflows through August 31, adding another key development for markets and the rupee.
Sensex, Nifty fall sharply: 6 reasons why stock market turned weak today
The equity benchmark indices BSE Sensex and NSE Nifty remained weak through the session and ended lower on Wednesday (September 2). The Sensex fell 374 points to 76,570, while the Nifty declined 141 points to 23,914, closing below the 24,000 mark and at its lowest level in more than a month.
Also read: Rupee falls 2 paise to close at 94.97 against US dollar
Oil could hit $100 as West Asia tensions show no sign of easing: Trading.com
Peter McGuire, CEO of Trading.com, sees oil prices potentially hitting $100 a barrel as Iran tensions persist, while uncertainty over the roles of US Treasury Secretary Scott Bessent, President Donald Trump and Iran remains a key factor.
Read more
RBI forex swap pulls in whopping $136.4 bn, FCNR(B) deposits make up 93%
India’s special USD-INR forex swap facility has drawn a whopping $136.4 billion in foreign-currency inflows through August 31, with FCNR(B) deposits accounting for more than 93% of the total, according to provisional data released by the Reserve Bank of India (RBI) on Wednesday.
Read moreFIIs pump ₹6,688 crore into Indian shares, nearly six times Tuesday’s buying
Foreign Institutional Investors (FIIs) sharply stepped up buying of Indian equities on Wednesday, even as benchmark indices fell and the Nifty closed below 24,000 for the first time in more than a month.
Read more
What to watch on Thursday
With the Nifty closing below 24,000, the focus now shifts to whether the index can defend the 23,800 support level. A “sell on rise” strategy is likely to remain in play, while crude, global bond yields and stock-specific developments could drive the next session.
Nifty Outlook for September 3: 23,800 support stands but sell on rise template continues
The Nifty opened nearly 200 points lower on Wednesday but remained largely range-bound through the session, eventually closing at 23,914, down 0.59%.
Read more
Stocks to Watch for September 3: ICICI Bank, HUDCO, Page Industries and more
From ICICI Bank’s stake purchase in ICICI Prudential Life and HUDCO’s ₹25,000-crore MoU with the Bihar government to Page Industries’ Dubai court notice here are few stocks to track ahead of Thursday’s trading session.
Read more
Crude oil prices will rise in the next three to four months, CLSA warns - These stocks could be impacted
Brokerage firm CLSA on Wednesday, September 3, expects oil prices to rise in the next couple of months, which could be positive for ONGC and Oil India but negative for Indian Oil Corporation, BPCL and HPCL.
Read more
Explained - Why the global bond market is rattled and its implications
The global bond markets are currently in sell-off mode, with bond yields surging to multi-year highs across most G-7 nations. The US-Iran war in West Asia and the subsequent rise in crude oil prices is an important trigger behind the same, but not the only one.
Read more
India, Nepal, Iran: Key developments beyond markets
India’s 7.8% GDP growth came under scrutiny, with Commerce and Industry Minister Piyush Goyal defending the data and calling the expansion a “path-breaking record”. Meanwhile, Nepal’s devastating flash floods pushed the death toll to 1,050, with around 4,000 people still missing. In West Asia, the US launched fresh air strikes on IRGC targets in Iran, with President Donald Trump calling the action “justified” and warning of bigger strikes if Tehran retaliates.
Piyush Goyal defends India’s 7.8% GDP growth, rejects questions over data credibility
Commerce and Industry Minister Piyush Goyal on Wednesday defended India's latest GDP numbers, rejecting questions over the credibility of the data and describing the economy's 7.8% growth as a “path-breaking record.”
Read more
Also Read: India’s latest GDP numbers: Govt answers key questions
Nepal floods: Death toll crosses 1,000; 4,000 still missing as rescue efforts intensify
The death toll from Nepal’s devastating flash floods has risen to 1,050, while around 4,000 people remain missing, including 583 foreign nationals, according to the country’s disaster management authority.
Read more
Trump says fresh US strikes on Iran are 'Justified' | Bigger action threatened, if Tehran hits back
The US launched fresh air strikes on IRGC targets in Iran, following attempted attacks on shipping in the Strait of Hormuz and on American troops. President Trump called the strikes "justified" and warned of bigger action, as Tehran vowed "crushing" retaliation.
Indian equities ended sharply lower on Wednesday, with the Sensex falling 374 points to 76,570 and the Nifty declining 141 points to 23,914, slipping below the 24,000 mark. Persistent West Asia tensions raised concerns over crude oil prices, with Trading.com warning that oil could climb to $100 a barrel.
Despite the market weakness, foreign and domestic institutional investors remained net buyers. Meanwhile, RBI data showed $136.4 billion in forex swap inflows through August 31, adding another key development for markets and the rupee.
Sensex, Nifty fall sharply: 6 reasons why stock market turned weak today
The equity benchmark indices BSE Sensex and NSE Nifty remained weak through the session and ended lower on Wednesday (September 2). The Sensex fell 374 points to 76,570, while the Nifty declined 141 points to 23,914, closing below the 24,000 mark and at its lowest level in more than a month.
Also read: Rupee falls 2 paise to close at 94.97 against US dollar
Oil could hit $100 as West Asia tensions show no sign of easing: Trading.com
Peter McGuire, CEO of Trading.com, sees oil prices potentially hitting $100 a barrel as Iran tensions persist, while uncertainty over the roles of US Treasury Secretary Scott Bessent, President Donald Trump and Iran remains a key factor.
Read more
RBI forex swap pulls in whopping $136.4 bn, FCNR(B) deposits make up 93%
India’s special USD-INR forex swap facility has drawn a whopping $136.4 billion in foreign-currency inflows through August 31, with FCNR(B) deposits accounting for more than 93% of the total, according to provisional data released by the Reserve Bank of India (RBI) on Wednesday.
Read moreFIIs pump ₹6,688 crore into Indian shares, nearly six times Tuesday’s buying
Foreign Institutional Investors (FIIs) sharply stepped up buying of Indian equities on Wednesday, even as benchmark indices fell and the Nifty closed below 24,000 for the first time in more than a month.
Read more
What to watch on Thursday
With the Nifty closing below 24,000, the focus now shifts to whether the index can defend the 23,800 support level. A “sell on rise” strategy is likely to remain in play, while crude, global bond yields and stock-specific developments could drive the next session.
Nifty Outlook for September 3: 23,800 support stands but sell on rise template continues
The Nifty opened nearly 200 points lower on Wednesday but remained largely range-bound through the session, eventually closing at 23,914, down 0.59%.
Read more
Stocks to Watch for September 3: ICICI Bank, HUDCO, Page Industries and more
From ICICI Bank’s stake purchase in ICICI Prudential Life and HUDCO’s ₹25,000-crore MoU with the Bihar government to Page Industries’ Dubai court notice here are few stocks to track ahead of Thursday’s trading session.
Read more
Crude oil prices will rise in the next three to four months, CLSA warns - These stocks could be impacted
Brokerage firm CLSA on Wednesday, September 3, expects oil prices to rise in the next couple of months, which could be positive for ONGC and Oil India but negative for Indian Oil Corporation, BPCL and HPCL.
Read more
Explained - Why the global bond market is rattled and its implications
The global bond markets are currently in sell-off mode, with bond yields surging to multi-year highs across most G-7 nations. The US-Iran war in West Asia and the subsequent rise in crude oil prices is an important trigger behind the same, but not the only one.
Read more
India, Nepal, Iran: Key developments beyond markets
India’s 7.8% GDP growth came under scrutiny, with Commerce and Industry Minister Piyush Goyal defending the data and calling the expansion a “path-breaking record”. Meanwhile, Nepal’s devastating flash floods pushed the death toll to 1,050, with around 4,000 people still missing. In West Asia, the US launched fresh air strikes on IRGC targets in Iran, with President Donald Trump calling the action “justified” and warning of bigger strikes if Tehran retaliates.
Piyush Goyal defends India’s 7.8% GDP growth, rejects questions over data credibility
Commerce and Industry Minister Piyush Goyal on Wednesday defended India's latest GDP numbers, rejecting questions over the credibility of the data and describing the economy's 7.8% growth as a “path-breaking record.”
Read more
Also Read: India’s latest GDP numbers: Govt answers key questions
Nepal floods: Death toll crosses 1,000; 4,000 still missing as rescue efforts intensify
The death toll from Nepal’s devastating flash floods has risen to 1,050, while around 4,000 people remain missing, including 583 foreign nationals, according to the country’s disaster management authority.
Read more
Trump says fresh US strikes on Iran are 'Justified' | Bigger action threatened, if Tehran hits back
The US launched fresh air strikes on IRGC targets in Iran, following attempted attacks on shipping in the Strait of Hormuz and on American troops. President Trump called the strikes "justified" and warned of bigger action, as Tehran vowed "crushing" retaliation.
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