BSE Sensex declined 121.48 points to 76,835.79 and NSE Nifty dipped 52.6 points to 24,027.80 in early trade on Tuesday, September 1, 2026. According to The Hindu, the decline came as Brent crude, the global oil benchmark, traded 0.76% higher at $91.22 per barrel, with elevated crude oil prices and fresh U.S.-Iran tensions weighing on investor sentiment. Among the 30 Sensex firms, Bajaj Finserv, InterGlobe Aviation, Titan, State Bank of India, Bajaj Finance and Axis Bank were among the major laggards, while ITC, HCL Tech, Bharti Airtel and Infosys were among the winners.
Asian stock markets traded lower on Tuesday as renewed fighting in the Middle East unsettled investors. South Korea's Kospi declined, while Japan's Nikkei 225 fell 0.22% to 66,162.79. Hong Kong's Hang Seng dropped 1.16% to 25,271.32. Shanghai's SSE Composite index quoted higher, providing some relief in the regional performance. US markets also closed lower with Dow Jones down 0.70% to 53,206.90, Nasdaq declining 0.13% to 26,389.00, and S&P 500 falling marginally. Crude Oil rose 0.82% to $86.46 per barrel, while Gold gained 0.31% to ₹4,495.50 per 10 grams.
Benchmark indices Sensex and Nifty50 ended lower on Monday, weighed down by metal and IT stocks. According to market data, BSE Sensex ended at 76,957.27, down 0.40%, while Nifty50 closed at 24,080.40, declining 0.39%. The decline came as US stock market indices started the trading session in the red following renewal in military tensions between the US and Iran with regards to the Strait of Hormuz. Foreign Institutional Investors (FIIs) were net sellers of ₹7,985.88 crore on August 31, adding to sustained outflows that have impacted market sentiment.
India's economy grew at a faster-than-expected 7.8% in the April-June quarter, showing resilience in the face of concerns that the war in Iran and resulting global uncertainty could weigh on domestic economic momentum. As per The Hindu, this growth comfortably exceeded both the RBI's 7% projection and market expectations. The positive GDP data comes as Asian stock markets traded lower on Tuesday as renewed fighting in the Middle East unsettled investors. Growing expectations that the U.S. Federal Reserve could keep monetary policy tighter for longer are also weighing on risk appetite across emerging markets, according to Ponmudi R, CEO of Enrich Money.
Several major corporate developments emerged including Cipla's signing of an exclusive licence to develop and supply Rolditamig Deuderuxtecan with SBP Group for HER2 ADC in India, South Africa and five other markets. Welspun Corp incorporated Welspun Slagexcel Private Limited on August 31, 2026, with Welspun Corp holding 26% stake. Lodha Developers acquired the remaining 20% stake in Bellissimo Infratech. PVR INOX approved a ₹300 crore buyback of 20.69 lakh shares at ₹1,450 each with record date set for September 4, 2026.
