Market Crash Today: 10 Stocks Defy Selloff, Rally Up To 8% on September 2

Indian equities are witnessing broad-based selling on Wednesday, September 2, with the Sensex and Nifty falling sharply amid escalating US-Iran tensions, a surge in crude oil prices and rising global bond yields. Yet, a clutch of stocks are bucking the broader market trend and trading firmly in the green.

IFCI is among the biggest gainers, surging 8.02% to Rs 94.26, followed by The New India Assurance Company, up 5.67% at Rs 196.31, and Poly Medicure, which gained 5.48% to Rs 1,852.60.

Aegis Vopak Terminals rose 4.26% to Rs 281.60, while Coal India climbed 4.27% to Rs 418.75. Coal India has been a notable outperformer in the Nifty 50, supported by a 5.5% year-on-year increase in August coal supplies and news of plans to list its Mahanadi Coalfields

subsidiary.

Other stocks defying the selloff include Vodafone Idea, up 3.77%, JSW Energy (+3.19%), Sai Life Sciences (+3.42%), Shipping Corporation of India (+2.85%) and Redington (+2.07%).

The gains underline the stock-specific nature of buying even as the broader market remains under pressure, with investors rotating into select counters despite heightened risk aversion across Indian equities.

The domestic equity markets opened sharply lower on Wednesday, September 2, as escalating geopolitical tensions in West Asia and a spike in crude oil prices weighed on investor sentiment. The BSE Sensex declined 750 points, or 0.98%, to 76,193.82, while the Nifty fell 235 points or 0.98% to 23,820.75 in early trade.

The broader market also came under pressure, with the Nifty Midcap 100 down 1.22% and the Nifty Smallcap 100 falling 1%. The India VIX, a gauge of market volatility, rose 2.84% to 11.82, signalling increased nervousness among investors.