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Indices trade sharply lower in early trade; breadth weak

Indices trade sharply lower in early trade; breadth weak

Indices trade sharply lower in early trade; breadth weak | Capital Market News - Business StandardWednesday, September

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Modi Swadeshi pitch Home / Markets / Capital Market News / Indices trade sharply lower in early trade; breadth

weakIndices trade sharply lower in early trade; breadth weak Last Updated : Sep 02 2026 | 9:50 AM ISTThe key equity

benchmarks traded with major losses in early trade amid rise in crude oil prices, higher bond yields heightened concerns

over a potential resurgence in inflation, raising fears that central banks could maintain or adopt tighter monetary

policy. The Nifty traded below the 23,850 mark. All the sectoral indices on the NSE were traded in red with IT, realty

and auto shares leading the fall. At 09:25 IST, the barometer index, the S&P BSE Sensex declined 684.87 points or

0.89% to 76,259.41. The Nifty 50 index tanked 228.85 points or 0.95% to 23,826.20. In the broader market, the BSE 150

MidCap Index tumbled 1.19% and the BSE 250 SmallCap Index dropped 0.81%.   The market breadth was weak. On the BSE,

1,097 shares rose and 2,139 shares fell. A total of 211 shares were unchanged. Foreign portfolio investors (FPIs) bought

shares worth Rs 1,143.38 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,846.94

crore in the Indian equity market on 1 September 2026, according to provisional data. Also Read Temasek-backed

philanthropy group expands India network, backs 2 venturesPSG continue their $460m summer sell-off as Ibrahim Mbaye

joins Aston VillaBarcelona complete deadline-day transfer for Arsenal forward Gabriel JesusICICI Bank mobilises $17.9 bn

under RBI foreign currency deposit schemeStock Market LIVE: Sensex drops 500 pts, Nifty near 23,850; Nifty IT slips 2%

Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.37% to 6.983 compared with the

previous session close of 6.957. In the foreign exchange market, the rupee unchanged against the dollar. The partially

convertible rupee was hovering at 94.9500 compared with its close of 94.9500 during the previous trading session. MCX

Gold futures for 5 October 2026 settlement declined 1.14% to Rs 1,50,005. The US Dollar Index (DXY), which tracks the

greenback's value against a basket of currencies, was up 0.10% to 99.78. The United States 10-year bond yield rose

0.25% to 4.808. In the commodities market, Brent crude for the November 2026 settlement jumped 77 cents or 0.81% to

$95.42 a barrel. Stocks in Spotlight: Ashiana Housing shed 0.59%. The company announced that it recorded area bookings

of 1.67 lakh square feet in August, with the value of the area sold aggregating to Rs 165.93 crore. Sical Logistics hit

upper circuit of 5% after has received a Letter of Acceptance from Central Coalfields for a five-year contract involving

the hiring of heavy earth-moving machinery (HEMM) for overburden removal and coal extraction from a 143-hectare patch of

the SDOC Mine in the Dhori area of Jharkhand. The contract has a total value of Rs 534.73 crore. Global Markets: Asian

market traded sharply lower on Wednesday, tracking overnight losses on Wall Street as renewed US-Iran hostilities pushed

crude oil prices higher and heightened concerns over inflation, interest rates and global growth. Wall Street extended

its decline on Tuesday, with the Dow Jones Industrial Average falling 418.97 points, or 0.79%, to 52,766.93. The S&P

500 declined 54.67 points, or 0.71%, to 7,631.47, while the Nasdaq Composite dropped 271.11 points, or 1.03%, to

26,099.77. The selloff followed a sharp rise in oil prices after renewed military action between the US and Iran raised

concerns over supply disruptions through the Strait of Hormuz. Brent crude rose to around $95 a barrel on Wednesday, its

highest level in five weeks, after gaining for a second consecutive session. Higher energy prices have intensified

inflation concerns and contributed to a global bond selloff. The US 10-year Treasury yield climbed to around 4.80%,

while Japan's 10-year government bond yield approached 3%, adding to pressure on equity valuations. Markets are

also reassessing the Federal Reserve's interest-rate outlook. The probability of a 25-basis-point rate hike at the

Fed's 16 September meeting has risen to about 67%, compared with 39.6% a week earlier, following hawkish comments

from Fed officials. US economic data released overnight presented a mixed picture. The ISM Manufacturing PMI eased to

54.6 in August from 55.6 in July, indicating that manufacturing activity continued to expand, but at a slower pace. The

New Orders Index declined to 53.7 from 56.7, while the Employment Index fell to 51.2 from 52.8. The Prices Index

remained elevated at 71.1, pointing to continued input-cost pressures. The US labour market remained relatively

resilient, with JOLTS job openings rising by 89,000 to 7.271 million in July. However, hiring fell by 278,000 to 5.054

million, while the hires rate declined to 3.2%, suggesting some moderation in labour-market momentum despite continued

demand for workers. US construction spending also weakened, falling 0.5% in July to a seasonally adjusted annual rate of

$2.158 trillion. The decline added to signs of softer activity in parts of the US economy. Investors will now track

upcoming US labour-market data, including the nonfarm payrolls report due Friday, for further clues on the Federal

Reserve's policy path. The combination of elevated oil prices, persistent price pressures and signs of softer

economic activity is likely to keep markets volatile.Powered by Capital Market - Live NewsDisclaimer: No Business

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