Indices open positive for second session: NIFTY50 trades at 24,657, SENSEX up 180 pts; HDFC Life, Reliance Industries top gainers

The India stock market opened with gains for the second consecutive day on Tuesday, September 2, as oil and gas and media stocks rallied.

Meanwhile, US President Donald Trump on Monday claimed that India has "offered" to cut its tariffs to nothing, "but it's getting late," as he said that India buys most of its oil and military products from Russia and very little from the US.

The Reserve Bank of India said on Monday that India's current account deficit (CAD) narrowed to 0.2% of GDP, or $2.4 billion, during the April-June period of 2025–26, compared to 0.9% of GDP, or $8.6 billion, in the year-ago period, on the back of services exports.

The broader market was also seen trading higher in the early session, with both Nifty Midcap 100 and Nifty Smallcap 100 rising 0.18% and 0.41%, respectively.

Among sectors, Nifty Media (1.03%) surged the most, followed by Nifty Oil and Gas (0.50%) and Nifty Realty (0.30%). However, Nifty Auto (-0.45%), Nifty IT (-0.34%) and Nifty Pharma (-0.32%) were the most losing sectors in the opening session.

According to exchange data, on Monday, the foreign institutional investors (FIIs) sold equities worth ₹1,429.71 crore on a net basis, while the domestic institutional investors (DIIs) purchased ₹4,344.93 crore worth of equities.

Globally, most of the stocks in Asia were trading with gains on Tuesday amid a rise in technology and artificial intelligence shares.

Hong Kong's Hang Seng was down 0.47%, Shanghai Composite slipped 0.79%, while South Korea's KOSPI rose 0.74%, and Japan's Nikkei climbed 0.32%.

The US market remained closed on Monday on account of Labour Day.

As many as 2,529 stocks traded on the NSE during the early session, among which 1,559 were trading in the green, 890 were trading in the red, and 80 shares remained unchanged.

This indicates that the market's breadth was favourable to advances.

Meanwhile, 57 stocks hit their one-year highs in the early trade, while only 18 stocks touched their 52-week lows.

Further, 61 stocks also hit their lower circuits, while 21 stocks hit their upper circuits.

India VIX, the volatility gauge, was trading 0.99% lower at 11.18 levels.

HDFC Life Insurance took the lead among gainers, rising 1.71%, followed by Reliance Industries (1.36%), Eternal (1.26%), Coal India (0.75%) and Bharat Electronics (0.72%).

On the other hand, Asian Paints (-0.39%), Axis Bank (-0.38%), Infosys (-0.34%), ONGC (-0.31%) and IndusInd Bank (-0.27%) were among the biggest losing stocks on the 50-share index.