Indian benchmark indices extended their losing streak to a fourth straight session on Friday, September 4, 2026, even as the Nifty Bank index staged a sharp late rally in the final minutes of trade. Here’s your full markets, crypto and commodities roundup, cross-checked across multiple market-data sources before publishing.
📊 Stock Market — Nifty, Sensex Extend Slide
Thursday’s confirmed close: the Sensex fell 417.49 points (-0.55%) to 76,152.86, while the Nifty50 slipped 41 points (-0.17%) to 23,873.45, as traders weighed a spike in crude oil prices and bond-yield moves against inflation and rate-hike risk. Private banks and realty counters outperformed even as the broader market stayed weak.
Friday’s session continued that pressure — indices closed lower for a fourth consecutive day as selling in IT, FMCG and auto stocks weighed on the market, while India VIX ticked higher intraday, reflecting rising caution. The one bright spot: the Nifty Bank index jumped more than 600 points in the closing minutes, a sharp reversal that traders will be watching for follow-through next week. GDP data and global crude-driven inflation worries remain the key overhangs heading into the new month.
₿ Crypto Pulse
Bitcoin is trading in the $78,000–$81,000 band this week, holding a bullish structure above its key moving averages even as momentum cools — the daily MACD has turned slightly negative after BTC’s late-August push above $80,000. Bitcoin dominance has climbed past 59% as the broader crypto market cap eased about 2.7% to roughly $2.63 trillion, suggesting capital is rotating into BTC rather than leaving crypto altogether. Ethereum is holding near $2,450–$2,470. Notably, Strategy (led by Michael Saylor) resumed Bitcoin purchases after a two-month pause, deploying roughly $370 million — a fresh institutional demand signal — while CME FedWatch data shows traders have sharply raised the odds of a Fed rate hike this month to around 66%, up from under 40% just a week ago, a shift that’s kept crypto and gold both on the back foot intraday.
💰 Gold, Silver & Forex
Gold has eased from its recent highs, with 24K trading near ₹1.55 lakh per 10 grams domestically as of this week (spot gold softened modestly to around $4,447/oz internationally). Silver is tracking gold lower. The rupee and crude remain the wildcard: Brent has been hovering in the high-$80s to low-$90s a barrel this week on US-Iran tensions and Strait of Hormuz uncertainty, keeping India’s import-cost worries elevated and limiting how much relief the rupee can get even with strong NRI deposit inflows supporting FX reserves.
📰 Top Stories Moving Markets
- Nifty Bank’s late 600-point reversal — a sharp, sudden rally into the close on September 4 that ran counter to the broader index slide, worth watching for continuation.
- Fed rate-hike odds jump to ~66% — a fast repricing from under 40% a week earlier is pressuring both crypto and gold simultaneously.
- Crude stays elevated near $88–92/barrel — US-Iran tensions and Hormuz Strait risk keep energy import costs, and inflation worries, front and center for Indian markets.
- Record NRI deposit inflows — over $60 billion mobilised in the final 10 days of RBI’s swap scheme (about $136 billion total), a meaningful cushion for FX reserves and the rupee.
- Bitcoin’s institutional bid returns — Strategy’s fresh $370M purchase after a two-month pause signals large holders are buying the dip, even as retail momentum indicators cool.
🎯 What to Watch Next
For equities: whether Nifty Bank’s late reversal extends into next week, and how the market digests the fourth straight losing session. For crude: any de-escalation signal on Hormuz Strait tensions would be the single biggest relief valve for both equities and the rupee. For crypto: the $76,000–$77,000 zone remains the level bulls need to defend on Bitcoin.
Data cross-checked across multiple market-data providers (Business Standard, Trading Economics, Goodreturns, CoinDesk, CoinGecko, Fortune) as of publication. This is for informational purposes only and is not investment advice — always verify live levels before trading.
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