NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on September 1

The Indian equity benchmarks are set to open lower on Tuesday, September 1, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar fell 61 points to 24,184 amid weak cues from Asian markets.

The benchmarks resumed their downward journey after a day's pause in the previous session on Monday as investor sentiment turned cautious tracking a surge in crude prices after United States attacked an Iranian island in the Strait of Hormuz.

The SENSEX ended 307 points or 0.4% lower at 76,957 and NIFTY50 index declined 95 points or 0.4% to close at 24,080.

Asian markets

Asian markets were trading lower on Tuesday following weak closing of markets, rising bond yields in US and surge in crude oil prices after US launched an attack on Iranian island in the Strait of Hormuz.

Japan's Nikkei fell 0.4%, China's Shanghai Composite declined 0.2%, Hong Kong's Hang Seng index dropped 1.43% and South Korea's KOSPI index plunged 0.75%.

Wall Street update

US stocks ended lower on Monday as surging oil prices stoked fears of high inflation leading to spike in bond yields.

The yield on the two-year Treasury, which closely tracks expectations about Fed moves, held steady at 4.34%, where it was late Friday. That’s up significantly from about 3.50% at the beginning of 2026.

Dow Jones Industrial Average fell 0.7%, S&P 500 index declined 0.33% and tech heavy Nasdaq slipped 0.12%.

Q1 India GDP update

India's economy grew 7.8% in the April-June quarter of 2026-27, according to the latest GDP estimates released by the government on Monday, beating the RBI's 7% projection.

The Ministry of Statistics and Programme Implementation (MoSPI) said that the real GDP, measured at constant 2022-23 prices, is estimated at ₹81.36 lakh crore in the first quarter of the current fiscal, up from ₹75.46 lakh crore in the year-ago period.

Nominal GDP at current prices grew 10.3% to ₹88.27 lakh crore in Q1 FY27 from ₹80 lakh crore a year earlier.

"Indian economy has sustained growth momentum despite global headwinds," the ministry said.

The stronger-than-expected growth comes after the Reserve Bank of India raised its GDP growth forecast for the full financial year to 6.7% from 6.6% earlier.

Prime Minister Narendra Modi said that India’s GDP growth of 7.8% during April-June quarter is a herculean feat.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹7,985.88 crore on Monday while domestic institutional investors bought stocks worth ₹4,588.88 crore, as per NSE data.

FIIs remained net buyers for a second straight month in August as they purchased shares worth ₹29,631 crore, data from NSDL showed.

Stocks to watch

"As part of its agreement, Sun Pharma will extend Most Favoured Nation (MFN) pricing to state Medicaid programs. Sun Pharma also commits to MFN pricing for future innovative medicine launches. The agreement recognizes Sun Pharma’s investment in the US market by delaying Section 232 tariffs on innovative pharmaceutical products for over two years. Further terms of the agreements remain confidential," Sun Pharma said in an exchange filing.

The new price of Compressed Natural Gas (CNG) will be ₹88 per kg in and around Mumbai, effective from midnight on September 1, an official statement said.

"In view of the ongoing crisis in the Middle East, which has resulted in a significant increase in input gas prices linked to international indices, MGL has announced a revision in the prices of CNG," the statement said.

As a precursor to the merger, ITC Infotech will acquire a 22.106 per cent stake from Happiest Minds promoter Ashok Soota and Ashok Soota Medical Research LLP, according to regulatory filings.

Following the stake purchase, Happiest Minds will be amalgamated with and into ITC Infotech.

Accordingly, Broadway has ceased to be a wholly-owned subsidiary of the company with effect from August 31, 2026, the pharmaceutical company said in a regulatory filing.

"In continuation to our earlier intimation dated July 11, 2026, we wish to inform you that the company has completed the transaction on August 31, 2026, by transferring its 100% stake held in Broadway Hospitality Services Private Limited to AKRK Projects LLP and its partners," it said.

ONGC's new trading unit is expected to begin operations "end of this year", Chairman and CEO Arun Kumar Singh told reporters here.

The will initially handle the group's own crude and product requirements, while also pursuing third-party business.