๐ Pre-Market Report โ 2 September 2026
Bias: ๐ด Bearish / Volatile
GIFT Nifty: ~24,030โ24,055 โ weak opening indicated.
Nifty close: 24,055.80 | Sensex: 76,944.28.
Global cues: Negative โ S&P 500 -0.7%, Nasdaq -1.0%; Asian markets sharply lower.
Crude: Brent around $96, with the US-Iran escalation raising supply-disruption concerns.
India: Strong Q1 GDP at 7.8% remains a positive domestic factor, but currently global/geopolitical risks are dominating.
Rupee: Closed around โน94.95/$ after RBI intervention.
๐ฏ Nifty Levels
Support: 24,000 โ 23,950 โ 23,800
Resistance: 24,200 โ 24,380 โ 24,400
A sustained break below 23,950 can increase downside towards 23,800/23,600. Holding 24,000 and reclaiming 24,200 could bring a recovery towards 24,400.
๐ Stocks in Focus
Positive: Gland Pharma, Coal India, EMS
Watch: Reliance, ITC, Wipro, Hero MotoCorp, OMCs
Caution: Banks, autos and fuel-sensitive sectors.
Today's approach: Avoid aggressive chasing at the open. Let the first 15โ30 minutes establish direction; crude + geopolitical headlines can create sharp intraday swings.
For educational purposes only. Manage risk according to your own capacity.
2September 2, 2026 1.1K
