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Indices trade in positive terrain; PSU Bank shares jump

Indices trade in positive terrain; PSU Bank shares jump

Indices trade in positive terrain; PSU Bank shares jump | Capital Market News - Business StandardThursday, September 03,

2026 | 11:54 AM ISTहिंदी में पढें Home Markets IPO Recent IPOS List Stock Market News The Smart

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Home / Markets / Capital Market News / Indices trade in positive terrain; PSU Bank shares jumpIndices trade in positive

terrain; PSU Bank shares jump Last Updated : Sep 03 2026 | 11:50 AM ISTThe domestic equity benchmarks pared most of

their early gains and traded with minor gains in mid-morning trade as investors digested a positive economic data.

Sentiment was supported by robust inflows through Foreign Currency Non-Resident Bank (FCNRB) deposits, which reportedly

exceeded $120 billion. The Nifty remained in positive territory but traded below the 24,950 mark as investors adopted a

cautious approach following the recent market volatility. PSU Bank shares witnessed buying demand for second consecutive

trading sessions. At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 140.53 points or 0.18% to

76,710.88. The Nifty 50 index rose 41.80 points or 0.17% to 23,949.40.   In the broader market, the BSE 150 MidCap

Index rose 0.20% and the BSE 250 SmallCap Index added 0.89%. The market breadth was positive. On the BSE, 2,506 shares

rose and 1,182 shares fell. A total of 261 shares were unchanged. Economy: Also Read Stock Market LIVE: Sensex stuck in

narrow range, up 200 pts; Nifty Realty rises nearly 3%Uber, Wayve launch London's first robotaxi service with

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4.5% after CEO transition announcementNifty Bank jumps 1% as solid FX inflows spur liquidity, credit growth hopes The

Reserve Bank of India (RBI) on Wednesday said forex inflows under its special USD-INR forex swap facility stood at

$136.38 billion as of 31 August 2026, according to provisional data reported by authorised dealer banks. The inflows

included $127.23 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, while overseas foreign

currency borrowings (OFCBs) contributed $5.26 billion and external commercial borrowings (ECBs) accounted for $3.89

billion. Buzzing Index: The Nifty PSU Bank index advanced 1.25% to 8,617.80. The index rose 1.32% in two consecutive

trading sessions. Bank of Maharashtra (up 4.98%), Punjab & Sind Bank (up 2.39%), Indian Bank (up 2.18%), UCO Bank

(up 2.17%), Central Bank of India (up 1.65%), Union Bank of India (up 1.48%), Bank of India (up 1.42%), Canara Bank (up

1.15%), State Bank of India (up 1%) and Indian Overseas Bank (up 0.64%) surged. Stock in Spotlight: Welspun Corp rose

3.03% after a foreign brokerage initiated coverage on the company with a 'Buy' rating and a target price of Rs

3,250. Global Markets: Asian stocks rose on Thursday, tracking gains on Wall Street, as easing concerns over a prolonged

US-Iran conflict helped lift risk appetite. Brent crude eased after rising more than 8% over the previous three

sessions, as US President Donald Trump indicated that renewed attacks on Iran were unlikely to continue for long. The

easing in oil prices also helped global bond markets stabilise, with US Treasury yields retreating from recent

multi-year highs. Investors, however, remain focused on the conflict and its impact on energy supplies. Wall Street

rebounded on Wednesday, with the Dow Jones Industrial Average rising 295.01 points, or 0.56%, to 53,061.89, while the

S&P 500 gained 35.16 points, or 0.46%, to 7,666.63. The Nasdaq Composite advanced 118.05 points, or 0.45%, to

26,217.83. The recovery was supported by buying in technology and other recently weak stocks, although oil prices

remained elevated amid the ongoing conflict. The market focus has also shifted to US labour-market data. Private-sector

hiring increased at a slower pace in August, while traders are watching Friday's nonfarm payrolls report for

confirmation of whether labour-market weakness could influence the Fed's interest-rate decision. Markets are

currently pricing roughly a 66% probability of a 25-basis-point rate hike in September.Powered by Capital Market - Live

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