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Post Session: Quick Review
Sep-08-2026

Indian markets made negative start and extended their losses to end with over half a percent cut on Tuesday tracking weakness in global peers amid rising crude oil prices, widening conflict in the Middle East, and growing concerns over a possible US Federal Reserve rate hike. Meanwhile, treasury yields moved higher as investors looked ahead to more key economic data releases this week, including wholesale inflation data from US. Banking stocks were among the biggest drags on the benchmark indices. Also, there was selling pressure in Oil & Gas and Energy counters.

Some of the important factors in trade:

Brent crude oil prices surge: Brent crude oil prices traded over $98 per barrel mark after Houthi militants attacked Saudi Arabia’s energy facilities. Saudi Arabia halted operations.

Indian rupee depreciates against dollar: Market participants were concerned as rupee weakened against the dollar at the Inter-bank Foreign Exchange market on account of increased demand for the American currency from importers and banks.

CII Business Confidence Index strengthens to 66.0 in Q2FY27: Traders overlooked the Confederation of Indian Industry’s (CII) Business Confidence Index (BCI), which rose to 66.0 in the second quarter of fiscal year 2026-27 (Q2FY27), its highest level in recent quarters, from 60.8 in the preceding quarter.

On global front: European markets were trading in red as persistently high oil and gas prices amid continued hostilities in the Middle East fueled inflation worries ahead of this week’s European Central Bank meeting. Asian markets ended mostly in red as investor sentiment remained subdued amid concerns over rising oil prices and heightened geopolitical tensions.

The BSE Sensex ended at 75577.58, down by 555.23 points or 0.73% after trading in a range of 75553.35 and 76012.11. There were 9 stocks advancing against 21 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Capital Goods up by 1.30%, Power up by 0.68%, Healthcare up by 0.64%, Industrials up by 0.58% and FMCG up by 0.39%, while Oil & Gas down by 0.64%, Bankex down by 0.63%, Energy down by 0.48%, Realty down by 0.40% and TECK down by 0.32% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bharat Electronics up by 1.77%, Hindustan Unilever up by 0.92%, Adani Ports & SEZ up by 0.83%, Eternal up by 0.48% and ITC up by 0.47%. On the flip side, ICICI Bank down by 1.93%, Axis Bank down by 1.79%, Ultratech Cement down by 1.59%, Reliance Industries down by 1.47% and Bharti Airtel down by 1.14% were the top losers. (Provisional)

Meanwhile, Commerce and Industry Minister Piyush Goyal has pitched for the development of high-quality medical devices for global customers, stating that the government is willing to provide 100 per cent funding for the purchase of testing equipment. He said domestic firms should bring technology partnerships, encourage joint ventures, and invite global innovators and large pharma companies to India. 

He stated 'We must develop a critical component ecosystem by strengthening our domestic capabilities with high quality. We must create shared testing infra facilities where these equipment can be tested, benchmarked to the best in the world, certify and demonstrated to global customers. From BIS (Bureau of Indian Standards), we are willing to support 100 per cent cost of the best testing equipment for your equipment...100 per cent government of India will fund the acquisition of testing equipment...demand from us, there is no proposal from you. And we'll set up the most modern labs.’

Moreover, he called for improving design, copyrights, patent laws, and the IPR (intellectual property right) ecosystem so that internationally people look up to come to India and India can become a global hub of innovation because the country has a huge cost advantage. He added ‘We must bring technology partnerships, we must have better buyer and seller relationship, we must encourage joint venture...We must co-design, and co-develop licence wherever required...look for joint R&D centres with other countries.’

The CNX Nifty ended at 23635.10, down by 144.05 points or 0.61% after trading in a range of 23623.10 and 23758.95. There were 17 stocks advancing against 31 stocks declining on the index. (Provisional)

The top gainers on Nifty were Bharat Electronics up by 1.62%, Hindustan Unilever up by 1.02%, Eicher Motors up by 0.98%, ONGC up by 0.98% and Adani Ports & SEZ up by 0.93%. On the flip side, SBI Life Insurance down by 2.04%, ICICI Bank down by 1.97%, Axis Bank down by 1.67%, Ultratech Cement down by 1.49% and Larsen & Toubro down by 1.32% were the top losers. (Provisional)

European markets were trading lower; France’s CAC fell 18.45 points or 0.22% to 8,287.70, Germany’s DAX lost 81.53 points or 0.31% to 25,925.00 and UK’s FTSE 100 decreased 3.16 points or 0.03% to 10,818.97.

Asian markets settled mostly lower on Tuesday ahead of the release of crucial US inflation data this week and amid concerns over a possible US Federal Reserve interest rate hike this month. Spike in crude oil prices weighed on market sentiments with Brent crude prices surging past $98 a barrel mark following an extended Middle East conflict after Iran threatened to retaliate against any new US attacks on its assets and Saudi-led coalition forces vowed a resolute response to a wave of attacks from Houthi rebels. However, renewed optimism over artificial intelligence investment and strong memory-chip demand continued to support semiconductor shares. Meanwhile, Japanese market fell as the yen extended its advance against the US dollar to its strongest level since February followed by rising expectations of a Bank of Japan interest-rate hike next week.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,940.55

7.85

0.20

Hang Seng

25,317.18

-95.94

-0.38

Jakarta Composite

6,686.44

66.77

1.00

KLSE Composite

1,714.40

-0.39

-0.02

Nikkei 225

65,269.33

-1,130.51

-1.70

Straits Times

5,767.45

-24.83

-0.43

KOSPI Composite

6,954.52

-40.87

-0.58

Taiwan Weighted

47,105.78

-220.49

-0.47
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