Closing Bell, 31 August 2026: Sensex, Nifty Close In The Red
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Indian benchmarks ended in the negative. Fresh West Asia tensions weighed on sentiment along with weak global markets and rising crude prices. Read more.
Renewed West Asia tensions, coupled with weakness in global markets, spooked investors in today’s session. They dragged benchmarks, which closed in the negative. At the closing bell, the:
- BSE Sensex stood at 76,957.27, down 0.40%
- Nifty 50 stood at 24,080.40, down 0.39%
Broader markets, however, closed mixed. The Nifty Midcap 100 closed 0.24% higher. On the other hand, the Nifty Smallcap 100 closed 0.74% lower. Sector-wise, the Nifty Metal, Nifty IT, Nifty Cement and Nifty Media underperformed. On the other hand, the Nifty Private Bank outperformed (see table).
Nifty IT | -0.29% |
Nifty Cement | -0.96% |
Nifty Media | -2.84% |
Nifty Private Bank | +0.97% |
Grasim Industries Ltd. | Tata Motors Passenger Vehicles Ltd. |
Nifty 50 Today: Gainers And Losers Stocks of the following entities were the top five gainers and losers on the Nifty 50 index today:
Sun Pharmaceutical Industries Ltd. | Adani Enterprises Ltd. |
Nestle India Ltd. | Adani Ports & Special Economic Zone Ltd. |
Axis Bank Ltd. | ITC Ltd. |
Max Healthcare Institute Ltd. | Bharti Airtel Ltd. |
Grasim Industries Ltd. | Tata Motors Passenger Vehicles Ltd. |
Gold And Silver Prices Today
Gold and silver prices plunged following a flare-up of tensions between the US and Iran. They traded low on the Multi-Commodity Exchange of India (MCX). At 15:38, MCX gold prices for October futures stood at ₹1,55,328 per 10 grams, down 0.61%. MCX silver prices for September futures during the same time stood at ₹2,36,196 per kg, down 0.21%.
Other Headlines
Some of the other headlines of the day are:
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Tata Advanced Systems Ltd has signed a memorandum of understanding with Javelin Joint Venture to explore possibilities of co-producing the Javelin All Up Round missile in India.
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Sugar prices remained elevated across most retail markets in the country, over ₹60 per kg, despite the government taking steps to check the rise.
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The government has notified the Semicon 2.0 scheme with an outlay of ₹1.27 lakh crore to strengthen and expand India’s chip manufacturing ecosystem.
Crude Oil Prices Today
Crude oil prices rose by $2 per barrel in early trade following Middle East escalation. At around 15:39, Brent crude oil December futures stood at $91.28 per barrel. At the same time, West Texas Intermediate (WTI) crude oil October futures stood at $86.56 per barrel.
What’s Next?
The latest Middle East escalation has brought oil and geopolitical risks back into focus for investors. Sustained gains in crude could pressure the rupee and inflation expectations, while weaker global markets may add to the cautious tone in the upcoming trading sessions.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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