Stock Market Update 2 September 2026: Sensex Slumps Over 500 Pts; Nifty 50 Below 23,900

The Indian stock market indices were trading in the deep red after the market opening on Wednesday, 2 September 2026.

At around 11:58 AM:

• The Sensex was down by 683.36 points (0.87%) to trade at 76,274.98.

• The Nifty 50 was down by 241.40 points (1.00%) to trade at 23,814.35.

At one point, Sensex was trailing by over 1% to trade at an intraday low of 76,136.

On Tuesday, 1 September 2026, both benchmark indices fell significantly from the day’s highs and closed in the red. At the closing bell, the Sensex stood at 76,944.28, down 0.02%. The Nifty 50 stood at 24,055.80, down 0.10%.

How Are Other Indices Performing?

Apart from the Sensex and the Nifty 50, other broader indices also traded in the deep red during early trading on Wednesday.

At around 11:58 AM, Bank Nifty was down 395.95 points (0.69%) to trade at 57,013.65. The Nifty Financial Services index was also down by around 1.10% to trade at 25,716.75.

Most sectoral indices also traded in the red, with Nifty Auto suffering the most.

• Nifty Auto was down 3.25%.

• Nifty Pharma was down 0.37%.

• Nifty FMCG was down 0.68%.

• Nifty Metal was down 0.78%.

• Nifty PSU Bank was down 0.33%.

• Nifty IT was down 1.56%.

• Nifty Private Bank was down 0.80%.

• Nifty Realty was down 1.90%.

• Nifty Commodities was down 0.32%.

Top Gainers And Losers

Here are the top gainers and losers on Nifty, as of 10:55 AM on Wednesday:

What About The Global Markets?

Global markets were also bearish on Wednesday amid rising crude oil prices:

• S&P 500 futures were little changed as of 12:04 PM Tokyo time.

• Nikkei 225 futures (OSE) fell 2.6%.

• Japan’s Topix fell 2.2%.

• Australia’s S&P/ASX 200 fell 1.2%.

• Hong Kong’s Hang Seng fell 1.2%.

• The Shanghai Composite fell 1.1%.

• Euro Stoxx 50 futures fell 0.4%.

Other Important Updates

• Gold prices under pressure: Higher treasury yields and a stronger dollar pushed gold prices down on Wednesday.

• Oil prices surge: Global crude oil prices surged again on Wednesday amid the escalations between the US and Iran. Brent crude traded around $96 per barrel.

• Rupee opens Higher: The Indian rupee is trading flat at 94.96 per dollar against the previous close of 94.95.

• Global bond yields surge: A surge in global bond yields also contributed to Wednesday’s market downfall.

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