Click it and Unblock the Notifications
Closing Bell: Sensex Ends 206 Pts Lower, Nifty Fails To Retain 24,700; Bank Stocks Top Laggards
At 2 pm, the Sensex was at 80,436.01, up 71.52 points (0.089%), while the Nifty 50 stood at 24,629.40, gaining 4.35 points (0.018%). Market is trading range-bound with mild gains in some heavyweight stocks
The Nifty50 began over 24,600 on Tuesday, September 2, and at 9:16 AM IST, it was up 58 points, or +0.24%, at 24,683.50. Additionally, the BSE Sensex recorded gains, rising 206 points or +0.26% to trade at 80,570.67.
On the global stage, Asian stock markets are performing erratically as of Tuesday, September 2, 2025, AM. A number of both domestic and international variables have contributed to the current uneven performance of Asian stock markets. Strong technology company performance has been a big factor in the rise in Hong Kong and mainland China, while trade tensions between the United States and China, especially a recent tariff order by a U.S. court, have caused uncertainty in the global market.
On the home front, hopes of GST reforms, festive demand, and a probable Fed rate cut in September bolstered belief in the economy's resilience as India's GDP growth accelerated to 7.8% YoY in Q1FY26, the highest in five quarters. Meanwhile, IT, consumer durables, and automobiles provided sectoral strength. The market is anticipated to remain positive in the future. Nonetheless, the market may remain volatile due to ongoing FII selling and outside factors like the 50% US tariffs.
Closing Bell: Stock Market Today Outlook
Closing Bell: Markets were firmly in green due optimism around India-US trade deal. They failed to retain the mark due to profit booking, and underwhelming performance by the bank stocks. WHereas, Power Grid and NTPC emerged as the top gainers. Midcap Index outperformed and ended the day in green.
Closing Bell: Sensex Ends 200 Pts Lower, Nifty Retains 24,500; Bank Stocks Top Laggards
Closing Bell: Sensex Ends 200 Pts Lower, Nifty Retains 24,500; Bank Stocks Top Laggards
Stock Market Live: Technical Picks For The Day
Stock Market Live: Motilal Oswal has picked Hindalco, Phoenix Mills as the top technical picks, according to Motilal Oswal. "Nifty immediate support is at 24442 then 24350 zones while resistance at 24750 then 24850 zones. Now it has to hold above 24442 zones for an up move towards 24750 then 24850 zones while supports can be seen at 24442 and 24350 zones," noted brokerage in its report.
Stock Market Live Updates: Nifty 50 At Day's Low, Sensex Down 276 Points; Dr Reddy's, Cipla, ICICI Top Laggards
Stock Market Live Updates: Nifty 50 At Day's Low, Sensex Down 276 Points; Dr Reddy's, Cipla, ICICI Top Laggards
SEBI Clears boAt Parent’s IPO Draft Papers
SEBI has approved the draft red herring prospectus (DRHP) of Imagine Marketing, the parent company of boAt, which is eyeing a valuation of nearly .5 billion, around Rs. 13,000 crore through its IPO
OLX India Delivers Record Revenues, Eyes Strongest Quarter Yet
OLX India, a digital marketplaces for used cars, two-wheelers, real estate, jobs, electronics and goods, announced that it achieved its highest-ever monthly revenue in July and August 2025, powered by strong consumer adoption. It is also anticipated that Industry tailwinds from the government’s proposed reduction in Goods and Services Tax (GST) will help used cars and used product demand. OLX India delivered a strong revenue growth in July and August, with rising consumer demand across both auto and non-auto categories. The platform powers approx. 180 million unique users in a year, underscoring its unmatched reach and relevance across India.
Top Gainers So Far Today
Leading the pack of gainers on stock market today Nestlé India jumped 1.96% Reliance Industries surged 1.43%, while Power Grid Corp advanced 2.54%. NTPC, Tata Steel are other major gainers today
Mobikwik Share Price Jumps 14% After ADIA Sells Entire Stake via Block Deal;
Shares of One Mobikwik Systems Ltd surged as much as 14% on Tuesday, following the exit of the Abu Dhabi Investment Authority (ADIA) from the digital payments company. The rally comes after ADIA offloaded its entire 2.1% stake through block deals on the National Stock Exchange (NSE).
Zydus launches VaxiFluTM India’s first trivalent influenza vaccine shares up 1%
Zydus Lifesciences shares trading in green at Rs. 1,001 up 1% after the company announced the launch of its trivalent influenza (Flu) vaccine VaxiFluTM introduced for the first time in India, aligning with the global recommendations of WHO. Flu remains a significant global health concern of seasonal influenza annually, causing 3–5 million cases of severe illness with 290,000 to 650,000 respiratory deaths annually2 . The disease disproportionately affects vulnerable populations such as infants, the elderly, and individuals with chronic conditions2 .
Stock Market Live Updates: CEAT Shares Gain 3% on NSE After 1 Million Investment in Sri Lanka
CEAT shares rose 3% on the NSE to ₹3,297 following the company’s announcement of a 1 million (approximately Rs 1,500 crore) investment in Sri Lanka. The investment marks the completion of its acquisition of the Camso Construction compact line business from the Michelin Group, which includes the Midigama plant and a casting products facility in Kotugoda.
Stock Market Live Updates: Mobikwik Shares Up as ADIA Exits Entire Stake via Block Deals
Mobikwik shares surged 11% to Rs 262 after the Abu Dhabi Investment Authority (ADIA) fully divested its 2.1% stake, amounting to Rs 39.21 crore, through block deals.
Stock Market Live Updates: Sugar Stocks Rally as Government Eases Ethanol Production Norms
Shares of sugar companies surged by up to 13% on Tuesday, September 2, following the Indian government's move to ease restrictions on ethanol production—an important revenue driver for the sector. The policy shift triggered strong investor interest, leading to sharp gains in several sugar stocks. Shree Renuka Sugars led the rally with a 13% jump, followed by notable increases in Dhampur Sugar Mills (11%), Uttam Sugar Mills (11%), Dwarikesh Sugar Industries (9%), Rana Sugars (9%), Avadh Sugar & Energy (8%), Bajaj Hindusthan Sugar (8%), and Balrampur Chini Mills (6%).
Nifty Outlook Today By Mr. Devarsh Vakil, Head of Prime Research at HDFC Securities
Nifty broke a three-session losing streak by rising 198 points or 0.81% yesterday to close at 24625. After opening slightly in the green, Nifty continued its upward journey throughout the day and ended the session near the day’s high. Leading the charge within the Nifty pack were auto heavyweights like Bajaj Auto, M&M, and Hero MotoCorp, which ended as the top gainers after releasing their August sales numbers. Immediate resistance for the Nifty is now seen at 24800, above which sharp short covering is expected. However, any level below 24400 would resume the downtrend, which could further drag the Nifty towards the next support of 24270 (200-day EMA). Starting today, Nifty weekly options will expire on Tuesdays.
Nifty Prediction Today By Anand James, Chief Market Strategist, Geojit Investments Limited
The successful close above the 24550-608 band and the Marubozu formed thereof is a vote of confidence on the mean reversion move discussed yesterday. Favoured view hence expects the ongoing upmove to head into the 24697-809 band atleast before any slow down. Alternatively, pull back below 24550 could see bears returning.
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Global geopolitics and power equations are changing at a fast and furious pace. India-US relations have deteriorated and normalcy appears difficult in the near future. More actions from the unpredictable US administration are likely. The consequences on the Indian economy and markets cannot be ascertained now. Investors should wait and watch for developments to unfold. Meanwhile, investments can be focused on domestic consumption plays which are on sound footing. There are clear signs of the Indian economy bouncing back as reflected in the Q1 GDP numbers.
Bank Nifty Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
In the options space, sentiment showed tentative improvement. Put writers rolled positions higher, signaling confidence in a near-term floor. The 55,000 strike emerged as a strong resistance ceiling with hefty call OI of 11.41 lakh contracts. Conversely, the 54,000 strike attracted the highest put OI of 12.60 lakh contracts, cementing it as immediate support. Interestingly, call writing has gradually shifted to higher strikes, a sign of growing conviction in an extended upside. Meanwhile, aggressive put positioning at near the money underscores defensive bullishness. The Put-Call Ratio (PCR) remained largely unchanged at 0.84, reflecting persistent selling pressure despite improved positioning dynamics.
Bank Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty Bank opened September on a constructive note, drawing strength from the 200-day EMA—an indicator that has repeatedly acted as a launchpad in past rebounds. The strong Marubozu formation highlights a potential reversal base, pointing to the likelihood of further traction toward 55,000. The strategic repositioning in the options market, marked by unwinding of calls at lower strikes and build-up at higher levels, further validates improving sentiment. For confirmation of momentum, a decisive close above 54,150 is required, which could trigger a strong short-covering wave. As long as the index sustains above 53,500, the bias remains upward. On the higher side, a sustained trade above 54,150 would open the gates for 54,800–55,000, while a “buy-on-dips” strategy continues to remain favorable in the near term.
Nifty Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Options market reflected improving sentiment as put writers aggressively rolled positions into the weekly expiry. Significant call writing was observed at the 25,000 strike, where open interest surged to 1.86 crore contracts, cementing it as a formidable resistance ceiling. Conversely, the 24,500 strike attracted the highest put open interest of 2.09 crore contracts, reaffirming it as immediate support. Notably, the migration of call writing to higher strikes signals strengthening confidence in a sustained upside, while aggressive put additions at near the money indicate firm bullish undertones. The Put-Call Ratio (PCR) rose sharply from 0.54 to 1.12, highlighting growing buying interest. However, confirmation from price action remains essential.
Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty has kicked off September on a strong footing by reclaiming the 24,500 level and forming a Morning Star–type reversal pattern, strengthening its base. The index now looks poised for a potential pullback rally toward 25,000. The shift in put writing at critical strikes, alongside unwinding and repositioning of calls at higher levels, reinforces the constructive sentiment. A decisive move above 24,700 could unleash stronger short covering and further fuel bullish momentum. For now, as long as Nifty sustains above 24,400, the upward bias remains intact. Traders may adopt a “buy-on-dips” strategy, with 24,700 as the key trigger for the next leg higher.
Sign in with Google