Indian markets are staring at a sixth straight session of losses on Tuesday, with Gift Nifty pointing to a weak open as crude oil surges past $97 a barrel following fresh US-Iran tensions. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Nifty 50 closed Monday at 23,779.15, down 118.55 points (-0.50%), while the Sensex settled at 76,132.81, down 382.62 points (-0.50%). Gift Nifty futures were trading near 23,797, a discount of roughly 62 points versus the previous Nifty futures close, signalling a negative start on Tuesday. Persistent selling in large-cap stocks, elevated crude oil prices and continued geopolitical uncertainty over the Strait of Hormuz are keeping investors cautious. On the flows front, FIIs were net sellers of ₹3,111.94 crore in the cash segment on September 4, while DIIs stepped in as net buyers of ₹8,930.12 crore, cushioning some of the downside.
₿ Crypto Market Update
Bitcoin slipped to around $79,350 (₹74.98 lakh) in early trade, down roughly 1.2% from Monday’s open of $80,351, as investors turned cautious ahead of the US Federal Reserve’s next rate commentary. Ethereum eased to about $2,497.60 (₹2.36 lakh), down close to 0.7% on the day. Analysts tracking the space note Bitcoin remains the strongest core crypto asset even after last week’s large ETF inflows, but caution the path ahead is unlikely to be linear given the rate-hike overhang.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 23,779.15 | -0.50% |
| Sensex | 76,132.81 | -0.50% |
| Bitcoin (BTC) | ₹74.98L / $79,350 | ~-1.2% (24h) |
| Ethereum (ETH) | ₹2.36L / $2,497.6 | ~-0.7% (24h) |
| Gold (24K, 10g) | ₹1,54,140 | — |
| Silver (1kg) | ₹2,49,900 | — |
| USD/INR | ₹94.50 | -0.07% |
| Crude Oil (Brent) | $97.34/bbl | — |
📰 Top 5 Financial News Stories This Morning
- Nifty, Sensex set for sixth straight day of losses. Benchmark indices extended their decline on Monday and Gift Nifty signals more pain ahead, with large-cap selling, high crude prices and geopolitical risk weighing on sentiment heading into Tuesday’s session.
- US strikes on Iranian oil tankers send crude surging. Brent crude climbed to $97.34 a barrel after the US struck Iranian oil tankers over the weekend, with Tehran threatening to set up a new restricted zone near the Strait of Hormuz — a development that could keep import-dependent India’s inflation and rupee under pressure.
- REC launches India’s first tokenised corporate bonds pilot. State-run REC issued the country’s first pilot tranche of tokenised corporate bonds under SEBI’s Regulatory Sandbox Framework, a step that could pave the way for blockchain-based debt issuance in Indian capital markets.
- PNB Housing Finance, Motilal Oswal line up large NCD issuances. PNB Housing Finance’s board approved raising up to ₹10,000 crore via secured NCDs in tranches, while Motilal Oswal Financial Services cleared a ₹200 crore NCD issue (₹40 crore base plus ₹160 crore greenshoe) with a five-year tenor — signs that corporate debt fundraising remains brisk.
- Deepa Jewellers IPO subscribed over 43 times. The public issue saw retail investors bid 19.09 times their quota, QIBs (ex-anchor) 36.73 times, and the NII category a blockbuster 109.04 times, underlining continued retail appetite for well-priced small-cap IPOs even as the broader market wobbles.
🔍 What to Watch Today
Keep an eye on crude oil’s trajectory as US-Iran tensions simmer — any further escalation near the Strait of Hormuz could push Brent higher and pressure the rupee. Watch FII flow data for signs of stabilisation after last week’s cash-market selling, and track US futures: Nasdaq 100 contracts were pointing higher in early Asian trade even as Japan, Australia and Hong Kong equity futures signalled declines. Also on the radar: allotment and listing updates for the heavily oversubscribed Deepa Jewellers IPO.
Data sourced from live market feeds. Last updated: 8:00 AM IST, 8 September 2026. This is for informational purposes only and not investment advice.
