Share Market Today: Nifty Ends Flat Below 24,100; Bank Nifty Falls Over 1% While IT & FMCG Stocks Gain
Indian markets ended nearly flat on Tuesday, with Nifty holding above 24,050. IT and FMCG stocks gained, while sharp weakness in banking, pharma and auto stocks weighed on sentiment. Read the full analysis here.
Indian Stock Market Today |Indian benchmark indices ended largely flat on Tuesday, 1 September 2026, with the Nifty closing at 24,055.80, down marginally by 0.10%. The Sensex also finished almost unchanged, while Bank Nifty underperformed sharply, falling more than 1% amid weakness in financial stocks.
The session witnessed strong sectoral divergence. IT and FMCG stocks attracted healthy buying interest, while Pharma, Realty, Consumer Durables, Auto and Financial Services remained under selling pressure. Gains in heavyweight stocks such as ITC, Bharti Airtel and Adani Ports helped limit the downside in the benchmark indices.
At the Closing Bell:
- Nifty 50: Closed at 24,055.80, down 24.60 points (-0.10%)
- BSE Sensex: Closed at 76,944.28, down 12.99 points (-0.02%)
- Bank Nifty: Closed at 57,409.60, down 615.35 points (-1.06%)
Why Did The Indian Stock Market Move Today?
IT Sector Led The Gainers
The IT sector gained around 0.98%, emerging as the best-performing major sector of the session.
Technology stocks witnessed healthy buying interest and provided important support to the benchmark indices amid weakness across several other sectors.
FMCG Stocks Witnessed Strong Buying
The FMCG sector gained around 0.94%.
Buying interest was visible across consumer stocks, with ITC rising 4.34% and emerging as the top Nifty gainer of the session.
Metal Sector Remained Largely Flat
The Metal sector declined marginally by around 0.03%.
Metal stocks witnessed mixed trading and ended almost unchanged despite weakness across the broader market.
Energy Sector Witnessed Mild Weakness
The Energy sector declined around 0.38%.
Selective selling pressure kept energy stocks in negative territory, although the decline remained relatively contained.
Financial Services Came Under Pressure
The Financial Services sector fell around 1.10%.
Selling pressure across financial counters weighed heavily on Bank Nifty, which declined more than 1% during the session.
Auto Sector Declined Sharply
The Auto sector fell around 1.22%.
Automobile stocks remained under pressure, with Maruti Suzuki declining 4.41% and featuring among the biggest index losers.
Consumer Durables Witnessed Selling Pressure
The Consumer Durables sector declined around 1.40%.
The sector remained weak through the session as investors booked profits across select consumer-oriented counters.
Realty Sector Remained Weak
The Realty sector fell around 1.42%.
Real estate stocks witnessed broad-based selling pressure and were among the weaker pockets of the market.
Pharma Sector Was The Worst Performer
The Pharma sector declined around 1.45%, emerging as the weakest major sector of the session.
Selling pressure across healthcare counters weighed on sectoral sentiment and contributed to weakness in the broader market.
Market Overview – Sector & Stock Action Summary
Indian markets witnessed a range-bound but sectorally divergent session on Tuesday, with benchmark indices ending almost flat despite significant weakness in banking and several broader sectors.
Nifty declined 0.10% to close at 24,055.80, while the Sensex slipped just 0.02% to 76,944.28. In comparison, Bank Nifty significantly underperformed, falling 1.06% to close at 57,409.60.
At the sector level, IT and FMCG stocks outperformed, providing support to the headline indices. Metal remained almost unchanged, while weakness was visible across Pharma, Realty, Consumer Durables, Auto, Financial Services and Energy.
At the stock level, ITC, Bharti Airtel and Adani Ports were among the top gainers, while Shriram Finance, Maruti Suzuki and Nestle India emerged as the major losers.
Overall, the session reflected strong sectoral rotation, with buying in IT, FMCG and select heavyweight stocks helping the Nifty and Sensex remain close to the flat line despite a sharp decline in banking and financial stocks.
Key Sector Performance Snapshot
- IT: +0.98% → Technology stocks led the sectoral gainers.
- FMCG: +0.94% → Strong buying interest was witnessed in consumer stocks.
- Metal: -0.03% → Sector remained largely flat.
- Energy: -0.38% → Mild selling pressure was witnessed.
- Financial Services: -1.10% → Financial stocks remained under pressure.
- Auto: -1.22% → Automobile counters witnessed sharp selling.
- Consumer Durables: -1.40% → Sector remained weak during the session.
- Realty: -1.42% → Real estate stocks witnessed significant selling pressure.
- Pharma: -1.45% → Pharma was the weakest major sector of the day.
Top Gainers
- ITC: +4.34% at ₹266.60 → Gained ₹11.10, emerging as the top performer amid strong buying interest in FMCG stocks.
- BHARTIARTL: +3.60% at ₹1,877.20 → Advanced ₹65.30, supported by strong buying momentum.
- ADANIPORTS: +3.41% at ₹1,647.50 → Rose ₹54.40, witnessing healthy buying interest during the session.
Top Losers
- SHRIRAMFIN: -4.58% at ₹1,059.10 → Declined ₹50.80, emerging as the biggest loser amid weakness in financial stocks.
- MARUTI: -4.41% at ₹12,950.00 → Fell ₹597.00, reflecting sharp selling pressure across auto counters.
- NESTLEIND: -3.90% at ₹1,438.20 → Declined ₹58.30, remaining among the major index losers of the session.
Technical Analysis: Nifty & Bank Nifty Levels
NIFTY 50: Opened 3 points lower at 24,077 reached a high of 24,143 and closed at 24,055.
- Immediate Support: 23,950
- Immediate Resistance: 24,200
BANK NIFTY: Opened 464 points lower at 57,560, reached a high of 57,766 and closed at 57,409.
- Immediate Support: 57,100
- Immediate Resistance: 57,700
World Markets, Crude & Gold Prices
Global Equities
Global markets remained cautious to weak on Tuesday, 1 September 2026, as a sharp sell-off in global bonds, rising crude oil prices and renewed US-Iran tensions weighed on investor sentiment.
Asian equities traded mostly lower, while European markets also remained under pressure. US stock-index futures declined as rising Treasury yields and stronger expectations of further Federal Reserve tightening reduced risk appetite. Japan’s 10-year government bond yield touched 3% for the first time since 1996, while the US 10-year Treasury yield climbed toward 4.8%, adding pressure on global equities.
European equities started September on a subdued note, with the STOXX 600 trading lower, while weakness was also visible across major Asian markets. Rising energy prices have added to inflation concerns and strengthened expectations that major central banks may need to maintain tighter monetary policy for longer.
Key factors influencing global sentiment:
- Escalation in US-Iran and Middle East geopolitical tensions
- Continued rise in global crude oil prices
- Sharp increase in global government bond yields
- Growing expectations of further Federal Reserve rate hikes
- Inflation concerns from higher energy costs
- Strength in the US dollar
- Upcoming US employment and economic data
Overall, global markets continue to trade with a risk-off and cautious bias, with investors closely monitoring Middle East developments, bond yields, crude oil prices and upcoming US macroeconomic data for further direction.
Crude Oil
Brent crude traded at $94.334 per barrel, up $1.390 or 1.50%, according to the latest market snapshot.
Crude oil prices extended their gains as renewed fighting between the US and Iran intensified concerns over potential supply disruptions in the Middle East, particularly around the strategically important Strait of Hormuz. Recent military developments have increased the geopolitical risk premium in global energy markets.
The continued strength in crude is also contributing to a broader sell-off in global bonds as investors worry that higher energy costs could keep inflation elevated and force central banks to maintain tighter monetary policy.
Higher crude oil prices remain an important factor for oil-importing economies like India, as sustained strength in crude can impact:
- Inflation outlook
- Current account balance
- Rupee movement
- Import costs
- Aviation and logistics companies
- Paint, chemical and other crude-dependent industries
Oil prices will continue to remain sensitive to:
- US-Iran and broader Middle East geopolitical developments
- Supply risks around the Strait of Hormuz
- OPEC+ production decisions
- Global crude inventories
- US crude inventory data
- Global economic and demand outlook
- Overall supply-demand balance
A sustained rise in crude prices could increase pressure on India's inflation trajectory, import bill and rupee, while also raising input costs for several crude-dependent industries.
Gold Prices
Gold traded at $4,376.81 per ounce, down $71.29 or 1.60%, according to the latest market snapshot.
Gold prices witnessed sharp selling pressure during the session as rapidly rising US Treasury yields and stronger expectations of further Federal Reserve tightening outweighed safe-haven demand arising from geopolitical uncertainty.
US Treasury yields climbed to their highest levels since early 2025, increasing the opportunity cost of holding non-yielding assets such as gold. Markets are also pricing in an increased probability of another Federal Reserve rate hike, adding further pressure on bullion prices.
The stronger US dollar also weighed on precious metals, while investors remained cautious ahead of key US labour-market data that could provide fresh clues on the Federal Reserve's next policy move.
The precious metal continues to remain influenced by:
- Federal Reserve interest-rate expectations
- Rising US Treasury yields
- US dollar movement
- Middle East geopolitical uncertainty
- Safe-haven demand
- Global inflation expectations
- US economic data
Gold prices will continue to track:
- US Treasury yields
- Federal Reserve policy signals
- Dollar strength
- US employment data
- Inflation indicators
- Global risk appetite
- Geopolitical developments
Overall, higher bond yields and expectations of tighter monetary policy are currently outweighing geopolitical safe-haven demand, keeping gold under pressure despite elevated global uncertainty.
I can also keep these global market, Brent crude and gold cues updated daily for your market reports.
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