SENSEX, NIFTY50 end lower for fourth straight session as IT, FMCG stocks extend losses

NSE data showed that the NIFTY50 index ended 0.17% or 41 points lower at 23,873.45 after Thursday’s trading session, in comparison to 23,914.45 points at the previous equity market close.

Meanwhile, the BSE SENSEX closed 0.55% or 417 points lower at 76,152.86 points after the trading session on September 3, compared to 76,570.35 points at the previous stock market close, as per the exchange data.

Sectoral indices like Nifty IT, Nifty FMCG, and Nifty Auto were among others which witnessed selling pressure from investors as the sentiment changed for the defensive and high growth tech stocks, while banking stocks recorded gains.

Key factors which impacted the markets today

Investors were largely focused on the mixed cues from the Asian markets, stronger Indian rupee rate in the market, volatile crude oil prices, and the easing US Treasury yields during the trading session on Thursday, September 3, 2026.

The positive momentum aided the sentiment among Indian investors during the morning market hours before oil prices resumed its rise in turn pressuring down the equity market.

Japan’s Nikkei 225 ended 0.17% lower, while the Hang Seng dropped 0.39% as of the stock market close on September 3.

While in contrast, China’s Shanghai Composite ended flat 0.02% higher, South Korea’s KOSPI ended 0.26% higher, and Singapore’s FTSE ended 0.06% higher as of Thursday’s equity market close.

While the crude oil prices witnessed a marginal pullback during the morning hours to $94.02 per barrel (bbl) levels, the uncertainty related to the conflict with no signs of a de-escalation or a potential peace deal resulted in the energy resuming its climb.

During the afternoon market hours the benchmark Brent crude oil prices were trading 0.75% higher at $96.35 per bbl, in comparison to $95.63 per bbl at the previous commodity market close, according to Investing.com data.

The latest report from Reuters showed that the United States and Iran on Wednesday evening exchanged the biggest military escalation since July 2026 with America hitting Iran’s Southern coast and Iran striking US bases across Jordan, Bahrain, and Kuwait in the West Asia region.

Top gainers & losers today

Stocks like Bajaj Auto, Tech Mahindra, Trent, Cipla, Mahindra & Mahindra, ITC, TCS, Ultratech Cement, HCL Tech, and Titan were among the top laggards as of the stock market closed on Thursday.

Bajaj Auto lost 1.7%, Tech Mahindra lost 1.5%, Trent lost 1.3%, Cipla lost 1.3%, Mahindra & Mahindra lost 1.2%, ITC lost 1.2%, TCS lost 1.1%, Ultratech Cement lost 1%, HCL Tech lost 0.9%, and Titan lost 0.9%.

While others like Adani Ports, Axis Bank, HDFC Bank, Tata Consumer Products, BEL, Asian Paints, Coal India, and Grasim Industries were among other gainers as of the stock market close on September 3.

NSE data showed that Adani Ports gained 2%, Axis Bank gained 1%, HDFC Bank gained 0.8%, Tata Consumer Products gained 0.7%, BEL gained 0.7%, Asian Paints gained 0.5%, Coal India gained 0.5%, and Grasim gained 0.4% as of the stock market close.

Out of the 50 stocks listed on NIFTY50 index, 29 stocks ended in the red zone, while 21 stocks ended in the positive territory after the trading session on September 3.