Pre-Market 3 September 2026: GIFT Nifty Hints At A Positive Bias; Oil, Iran Tensions In Focus Today
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Indian markets remain under pressure after a third straight fall, while rising crude prices, US-Iran tensions and mixed global markets could weigh on sentiment. GIFT Nifty, however, points to a positive bias for Thursday’s session.
Indian equities head into Thursday after the benchmarks fell for a third straight session, with renewed US-Iran tensions pushing crude prices higher, while keeping inflation and interest rates in focus.
How Did Indian Markets Close On Wednesday?
The Sensex fell 373.93 points, or 0.49%, to 76,570.35. The Nifty 50 declined 141.35 points, or 0.59%, to 23,914.45.
Selling was seen across several sectors. Auto, media and IT stocks were among the top losers, while Oil & Gas, Realty and PSU Bank stocks held up relatively better.
The broader market also ended lower. The Nifty Midcap 100 and Nifty Smallcap 100 both closed in the red, down by 0.53% and 0.37%, respectively.
The rupee finished at 94.97 against the US dollar, down 2 paise from the previous close. Brent crude oil prices climbed 0.40% to $95.13 per barrel.
Global Markets Update
In the US, the Dow Jones Industrial Average rose 0.56% to close at 53,061.95 on Wednesday. The S&P 500 added 0.46% to close at 7,666.60, while the Nasdaq Composite closed at 26,217.83, up 0.45%.
In European markets, the FTSE 100 closed at 10,756.45, down 0.30%, while France's CAC 40 ended 0.27% lower at 8,279.24.
Asian markets also saw a weak session. Japan's Nikkei 225 fell 2.85% to close at 64,325.64. The Hang Seng Index declined 0.073% to 25,311.21.
GIFT Nifty Today
On 3 September 2026, at 8:02 am, GIFT Nifty was trading at 24,093.00, up 0.53%, pointing to a positive opening bias for Indian equities today.
Nifty 50 Technical View
The Nifty 50 remains vulnerable below 23,800, according to the technical view. A decisive break could bring the next support at 23,600 into focus.
On the higher side, the 24,000-24,200 range is seen as a resistance zone.
What Could Shape Today's Trade?
Oil remains a key variable for the market today, with any fresh development around the Strait of Hormuz worth watching. On the domestic side, traders will also keep an eye on the rupee's move against the dollar and how oil-sensitive stocks respond.
Also Read - Augmont Enterprises Shares Rally 10% On Third Day Even As PM Modi Renews Appeal Against Gold Purchases
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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