NIFTY50, SENSEX today: Asian market cues, FII activity, key things to know before markets open on September 8

The Indian equity benchmarks are set to open lower on Tuesday, September 8, as indicated by NIFTY futures traded at Gift City in Gandhinagar. GIFT NIFTY futures fell 80 points to 23,788 despite weak cues from global markets.

The Indian equity benchmarks resumed their downward journey on Monday after a day's pause in the previous session as investor sentiment turned negative after crude oil prices moved higher as geopolitical tensions in West Asia escalated.

The SENSEX closed 383 points lower at 76,132.81 and NIFTY50 index declined 119 points to close at 23,779.15.

Asian markets

Most of the Asian markets were trading on a flat note amid spike in crude prices and a jump in bond yields in the United States.

Japan's Nikkei rose 0.14%, Hong Kong's Hang Seng fell 0.72%. China's Shanghai Composite gained 0.34% and South Korea's KOSPI index advanced 2%.

Crude oil update

Brent crude futures rose above $97 per barrel on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new US attacks on its assets, heightening worries over supply disruption.

Iran warned on Monday that energy infrastructure across the Gulf, including US oil and gas interests, was vulnerable. This follows tit-for-tat strikes during the weekend, with no sign of progress towards a diplomatic breakthrough.

FII/DII activity

Foreign institutional investors (FIIs) bought shares worth ₹280.13 crore on Monday while domestic institutional investors bought stocks worth ₹567 crore, as per NSE data.

FIIs have so far this month sold shares worth ₹13,893 crore taking the total quantum of selling to ₹2,31,884 crore for 2026, data from NSDL showed.

Stocks to watch

The procurement proposals were cleared by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh.

"The DAC accorded Acceptance of Necessity (AoN) that is in-principle administrative approval to various acquisition proposals of the defence forces at an estimated cost of about ₹1,10,000 crore," the ministry said.

The board approved Puri's appointment for a first term of five consecutive years, from September 7, 2026, to September 6, 2031, based on the recommendation of the Nomination and Remuneration Committee, the company said in a regulatory filing.

Puri will take over as Chairman of the company with effect from January 23, 2027, following the completion of Seshasayee's term.

Seshasayee has been Chairman of the Asian Paints board since October 1, 2023, and his term as an Independent Director concludes on January 22, 2027.

Sterlite Technologies Ltd (STL) posted its consolidated revenue from operations of ₹4,745 crore in the financial year 2025-26, according to a regulatory filing.

"Today, we are very proud to announce Lakshya, STL's growth ambition for FY29. Under Lakshya, we're targeting ₹20,000 crore revenue by FY29, while building STL into one of the largest global players for digital connectivity," STL Managing Director Ankit Agarwal said in an investor meet held on September 3.

The commissioning marks an important step in enabling more sustainable high-voltage grid infrastructure and supporting ongoing decarbonisation efforts across the power sector, a company statement said.

High-voltage circuit breakers are critical components of the transmission networks, helping protect the grid by safely interrupting electrical currents during faults and enabling reliable power transmission.

According to a statement, the transaction will be settled through the issuance of preference equity shares to Swiggy in Trustroot Internet (TIPL), which is the parent entity of udaan.

As per the deal, Swiggy will acquire nearly 2.8% stake in udaan and make a primary equity investment of Rs 75 crore in TIPL for an additional about 0.4% stake in udaan.