🌅 Pre-Market Update 🌟
📉 Wall Street Slumps on Geopolitical Tensions:
🔻 Dow Jones Industrial Average: 52,766.88, down 0.79 per cent
🔻 S&P 500: 7,631.47, down 0.71 per cent
🔻 Nasdaq Composite: 26,099.77, down 1.03 per cent
🌏 Asian Markets:
🔻 Asian markets opened sharply lower as renewed Middle East tensions pushed crude oil prices higher and bond yields surged.
🔻 Nikkei 225 fell around 2.2 per cent, while South Korea’s KOSPI declined nearly 3 per cent.
🔻 MSCI Asia Pacific ex-Japan declined around 0.8 per cent.
📉 European Markets:
🔻 FTSE 100 declined 0.32 per cent
🔻 Germany’s DAX fell 2.26 per cent
🔻 France’s CAC 40 declined 1.18 per cent
✨ GIFT Nifty:
📍 GIFT Nifty was trading around 24,036 in early trade, down around 14 points from its previous close of 24,051, indicating a muted start for Indian equities.
📈 The contract moved between 24,026.5 and 24,270 during the session, reflecting heightened volatility.
📉 Yesterday’s Indian Markets:
🔻 Nifty 50 declined 24.60 points, or 0.10 per cent, to 24,055.80.
🔻 Sensex fell around 13 points to 76,944.28.
⚠️ Banking, auto and pharma stocks weighed on the benchmarks, while Nifty remained close to the psychological support zone of 24,000.
🛢️ Oil Prices:
🔥 Brent crude futures surged to around USD 96.21 per barrel amid renewed U.S. military action involving Iran and concerns over supply disruptions through the Strait of Hormuz.
⬆️ WTI crude also crossed above USD 90 per barrel.
⚠️ Higher crude prices could pressure oil-importing economies such as India and weigh on aviation, paints and oil marketing companies.
📈 Upstream oil producers could benefit from higher crude prices, while energy-intensive companies may face margin pressure.
🥇 Gold & Silver:
🔻 International gold prices fell more than 2 per cent to around USD 4,295.20 per ounce as a stronger U.S. dollar and higher Treasury yields reduced demand for non-yielding assets.
🔻 Silver prices declined around 1 per cent amid weakness across precious metals.
💵 Dollar & Rupee:
⬆️ The U.S. Dollar Index remained near a two-week high as investors sought safe-haven assets amid geopolitical uncertainty.
💰 The Indian rupee strengthened to 94.95 per U.S. dollar on September 1, supported by RBI intervention and foreign currency inflows.
⚠️ Elevated crude prices and higher global bond yields remain key risks for the rupee.
💰 FII/DII Activity — September 1:
🤑 FII: Bought shares worth Rs 1,143.38 crore
🤑 DII: Bought shares worth Rs 1,846.94 crore
📊 Bond Yields:
⬆️ U.S. 10-year Treasury yield climbed towards 4.79 per cent, increasing pressure on equity valuations, particularly technology and other rate-sensitive segments.
⚠️ Rising energy prices have also increased concerns over inflation and the pace of monetary easing.
🇮🇳 India Growth Outlook:
📈 India’s Q1 FY27 GDP growth of 7.8 per cent continues to support the domestic growth outlook.
⚠️ However, elevated crude oil prices remain a key risk to inflation and economic growth.
📅 Nearly 90 companies, including NTPC and Coal India, are scheduled for record dates linked to dividends, bonuses and stock splits during the week.
👀 Stocks in Focus:
🏍️ Hero MotoCorp: Monthly sales data remains in focus after an improvement in volumes.
⛏️ Coal India: Higher e-auction prices and coal demand trends will remain key triggers.
⛏️ NMDC: Production growth data could influence sentiment around the mining company.
🍦 Reliance Industries: Reliance Consumer Products has entered the ice cream segment, expanding the company’s FMCG footprint.
💻 Happiest Minds: Shares remained under pressure after ITC Infotech announced acquisition-related developments involving the company.
💎 TBZ: Shares gained sharply after GRT Jewellers agreed to acquire a 74.12 per cent stake in the company.
⚠️ Market Watch: Crude oil prices, U.S. bond yields and geopolitical developments are likely to remain the key drivers for Indian equities today.
📊 Let’s see how the markets react! 🌟
Disclaimer: The article is for informational purposes only and not investment advice.
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