Sensex, Nifty Edge Lower in Early Trade as Crude Prices Rise, Global Concerns Weigh

September 1, 2026

Mumbai: Indian equity benchmarks Sensex and Nifty traded lower in early deals on Tuesday as weak global cues, rising crude oil prices and higher US bond yields weighed on investor sentiment.

The Sensex touched an intraday low of 76,835, declining 121 points or 0.15 per cent. The Nifty stood at 24,027.80, down 52.60 points or 0.21 per cent from its previous close.

FMCG, metal stocks gain

Sector-wise, FMCG, metal, media and auto stocks emerged among the early gainers.

The Nifty FMCG index rose 0.76 per cent, while Nifty Metal gained 0.63 per cent. Nifty Media advanced 0.61 per cent and Nifty Auto climbed 0.28 per cent. Nifty IT was also up 0.24 per cent.

On the other hand, several sectors remained under pressure.

Nifty Realty fell 1.67 per cent, while Nifty MidSmall Financial Services, Nifty Healthcare and Nifty Pharma declined 1.40 per cent, 1.34 per cent and 1.32 per cent, respectively. Nifty Private Banks also traded lower.

Global factors weigh on markets

Market experts said India’s strong domestic economic fundamentals could provide support to equities despite near-term global headwinds.

They pointed to India’s 7.8 per cent GDP growth in the first quarter, saying the data indicates that the economy remains on track for around 7 per cent growth in FY27.

The services and secondary sectors recorded growth of 10 per cent and 8.5 per cent, respectively.

However, elevated crude oil prices and higher US Treasury yields remain key risks for the domestic market.

The US 10-year Treasury yield stood at 4.77 per cent, while the 30-year yield was at 5.24 per cent. Higher yields could encourage investors to shift capital towards safer US assets.

Foreign institutional investors (FIIs) also added to the pressure after selling equities worth Rs 13,025 crore in the cash market over the previous two sessions.

Crude prices, US-Iran tensions in focus

Crude oil prices rose amid renewed tensions between the US and Iran, raising concerns over possible disruptions to oil supplies from the Middle East.

Losses in US Treasuries and Asian bonds also contributed to the risk-off sentiment across markets.

Experts expect the Nifty to remain within the 23,000-25,000 range in the near term, with domestic economic fundamentals providing support despite global volatility.

Key levels for Nifty

From a technical perspective, analysts said the market’s direction could depend on whether the Nifty manages to reclaim the 24,150-24,215 zone.

If the index fails to sustain levels around 24,000-24,060, it could move towards the next support near 23,575, analysts said.