Pre-Market 4 September 2026: Global Cues Improve; Oil Prices, Fed Outlook To Drive Dalal Street
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Indian equities could get some relief on Friday as Wall Street closed higher and GIFT Nifty is pointing to a positive bias, but Brent crude near $97 and fresh US-Iran tensions remain key risks for the session.
Indian equities head into Friday after another session of losses, with US stocks closing higher after Fed Governor Christopher Waller's comments over a September rate hike and GIFT Nifty hinting at a positive bias.
What Happened In Thursday's Session?
The Indian market struggled to hold its gains through the session. The BSE Sensex fell 417.49 points, or 0.55%, to 76,152.86, while the Nifty 50 declined 41 points, or 0.17%, to 23,873.45.
Banking and realty stocks provided some support, but selling in IT, auto, FMCG and pharma shares kept the benchmark indices under pressure.
The broader market fared better, with the Nifty Midcap 100 index rising 0.37% and the Nifty Smallcap 100 index gaining 1.2%.
The rupee ended at 94.59 against the US dollar, up by 14 paise. Brent crude oil price rose 1.60% to $97 per barrel after renewed military activity involving the US and Iran raised concerns about disruption to supplies.
Global Market Cues
In the US, the Dow Jones Industrial Average rose 624.16 points to 53,686.11. The S&P 500 gained 81.11 points to 7,747.71, while the Nasdaq Composite advanced 366.23 points to 26,584.06.
In European markets, the FTSE 100 rose 0.70% to 10,831.52, while France's CAC 40 added 0.07% to 8,286.40.
Asian markets were down. Japan's Nikkei 225 ended at 64,214.48, down 0.17%, while the Hang Seng Index slipped 0.39% to 25,213.31.
GIFT Nifty Today
On 4 September 2026 at 7:30 am, GIFT Nifty was trading at 24,022.00, up 89.50 points or 0.37%, suggesting a positive opening bias for Indian equities on Friday.
Nifty 50 Technical View
- The Nifty 50 faces immediate resistance at 24,000, followed by 24,200.
- On the downside, 23,800 is the key support level.
- A break below 23,800 could drag the index towards the 23,600-23,500 zone.
What To Watch For In Friday's Session?
Oil prices remain a key variable for the session as the US-Iran conflict continues to unsettle the crude market. The US jobs report is another important cue, with investors looking for fresh signals on the Fed’s rate path. Global bond yields and technology shares are also worth tracking, particularly for their impact on Indian IT stocks.
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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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