Stock market crash: RVNL, IRCTC, HUL among 106 stocks that hit 52-week low as NIFTY50 slips below 24,000

NIFTY50 and SENSEX witnessed a sharp fall on Wednesday, September 02, 2026. Both benchmark indices traded over 1% lower on an intraday basis.

As of 12:00 pm, the NIFTY50 index is trading 211 points or 0.8% lower at 23,808, with a day low of 23,786. Meanwhile, BSE SENSEX is down 691 points or 0.9% lower at 76,252. SENSEX hit a day low of 76,135 today. Among the NIFTY50 stocks, Eicher Motors (-5.7%), Bajaj Auto (-3.4%) and M&M (-3.3%) were the top three losers.

Broader market indices like NIFTY Midcap100 (-1.3%) and NIFTY Smallcap100 (-0.9%) are also trading lower. More than 105 stocks hit their 52-week low today as investors turn cautious amid escalation in the US-Iran war and surge in global oil prices.

The volatility index, or India VIX, is up 3.6% to 11.92. All the sectoral indices are trading in the red, with NIFTY Auto (-3.3%), NIFTY Realty (-1.9%) being the top sectoral losers.

Why are NIFTY50 and SENSEX down today?

• Escalation in US-Iran war: US and Iran war has witnessed renewed escalation in the last few days. US and Iran exchanged strikes on Tuesday with US forces did multiple strikes on Iran’s air defense sites, radar systems, and naval assets on Tuesday.

  As per Iran media the country retaliated by attacking multiple US-linked targets in Iraq, Jordan, and Bahrain. The latest military attack between the two countries marks the worst military tensions since late-July, as the two remained at loggerheads over the Strait of Hormuz.

  Further escalation in the US-Iran conflict is likely to impact the oil supplies through the Strait of Hormuz. As a result, Brent Crude Oil prices surged for the third straight day to $96 per barrel.

  Rising oil prices impact the Indian economy as India imports nearly 90% of its domestic crude consumption. Oil-sensitive stocks like Asian Paints, InterGlobe Aviation, BPCL, HPCL, Apollo Tyres, CEAT Limited and others are down over 2%.

• Rising US bond yield: The yield on the US 10-year Treasury note stood at around 4.8% on Wednesday, moving toward its highest level since October 2023. Surge in oil prices intensified inflation concerns and reinforced expectations for an imminent Federal Reserve interest rate hike.

  Higher risk-free return on US government bonds is likely to be negative for emerging markets like India as global investors could move their funds and exposure to less riskier US bonds and leading to foreign fund outflow from Indian equities.

Prominent stocks at 52-week low today