Indian markets look set to snap a three-day losing streak on Thursday, with GIFT Nifty signalling a firm open even as crude oil holds near $92 a barrel on escalating US-Iran tensions. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Nifty 50 slipped 141.35 points (0.59%) on Wednesday to close at 23,914.45, while the Sensex fell 373.93 points (0.49%) to settle at 76,570.35, as rising bond yields and a sharp spike in crude oil prices weighed on sentiment through the session. GIFT Nifty futures, however, were last quoted around 24,087 — up roughly 86 points — hinting at a positive start today after US President Trump played down the prospect of a prolonged conflict with Iran. Most Asia-Pacific markets traded higher in sympathy overnight. On the institutional flows side, FIIs turned net buyers of ₹6,688 crore in the cash segment on Wednesday, while DIIs added a further ₹2,813 crore. That said, FIIs continue to hold a net short position of over 2.29 lakh index-futures contracts alongside hedged options positioning, suggesting the cash buying is more tactical than an outright bullish bet. IPO watchers should note Annu Projects is listing today, alongside continued action in auto and IT names, which lagged the broader market on Wednesday.
₿ Crypto Market Update
Bitcoin is trading around $77,254 (approximately ₹73.4 lakh), while Ethereum sits near $2,412 (roughly ₹2.29 lakh). Both majors remain under pressure this week, with crypto prices tumbling over the past two sessions as persistent inflation concerns and the reignited Iran conflict push investors toward risk-off positioning across equities, oil, and digital assets alike. Traders are watching whether Bitcoin can hold above the $75,000 level as broader macro uncertainty persists.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 23,914.45 | -0.59% |
| Sensex | 76,570.35 | -0.49% |
| Bitcoin (BTC) | ₹73.4L / $77,254 | Down on risk-off |
| Ethereum (ETH) | ₹2.29L / $2,412 | Down on risk-off |
| Gold (10g, 24K) | ₹1,52,160 | -4.5% (week) |
| Silver (1kg) | ₹2,34,780 | -2.3% (week) |
| USD/INR | ₹94.95 | Broadly steady |
| Crude Oil (Brent) | $91.87 | Up on Iran tensions |
📰 Top 5 Financial News Stories This Morning
- GIFT Nifty points to a rebound after a three-day slide. Futures traded near 24,087, up about 86 points, after Trump signalled the US-Iran conflict would be “short-lived.” Most Asian peers followed suit, offering Dalal Street a shot at snapping its losing run.
- Crude oil stays elevated as US-Iran tensions flare again. Brent crude is holding near $91.87 a barrel after surging more than 5% in the previous session on fears that fighting could disrupt flows through the Strait of Hormuz — a key risk for India’s import bill and inflation trajectory.
- Wall Street snaps its own three-day losing streak. The S&P 500 rose 0.46% to 7,666.60, the Nasdaq gained 0.45% to 26,217.83, and the Dow added 295 points (0.56%) to 53,061.95 on Tuesday, as US Treasury yields took a breather after the 10-year note touched 4.818% — its highest since November 2023.
- FIIs turn cash buyers but stay hedged in futures. Foreign investors bought ₹6,688 crore of Indian equities in the cash segment even as they hold a large net-short index-futures book, alongside protective options positioning — a sign institutions are buying the dip cautiously rather than chasing a rally.
- Bullion cools off even as fuel prices hold steady. Gold has eased about 4.5% over the past week (still up over 43% year-on-year) and silver is down 2.3% on the week, while petrol (₹111.21/litre) and diesel (₹97.83/litre) remain largely unchanged nationally despite the crude rally — a cushion for consumers, for now.
🔍 What to Watch Today
Keep an eye on how the US-Iran situation develops through the day — any signs of a wider escalation or disruption to the Strait of Hormuz could send crude and the rupee swinging sharply. Track the 10-year US Treasury yield, which is hovering near multi-year highs and remains a key overhang for both Indian and global equities. Domestically, watch the Annu Projects listing and stock-specific action in auto, IT, and oil-marketing names, which were among Wednesday’s laggards and could see continued volatility as crude prices stay elevated.
Data sourced from live market feeds. Last updated: 8:00 AM IST, 3 September 2026. This is for informational purposes only and not investment advice.
