Market under pressure; Nifty trades near 24,000 level | Capital Market News - Business StandardMonday, August 31, 2026 |
11:58 AM ISTहिंदी में पढें Home Markets IPO Recent IPOS List Stock Market News The Smart
Investor Commodities Cryptocurrency Mutual Fund Stock Companies list Portfolio
Sensex( %)
Nifty( %) Nifty
Midcap( %) Nifty
Smallcap( %) Nifty
Bank( %) Nifty
IT( %) Buzzing :Stock Market LiveStocks to WatchHDFC
ShareGold Silver PriceNepal FloodsAshoka Buildcon sharesICC WTC Points TableBreakout stocksLenskart Share Home / Markets
/ Capital Market News / Market under pressure; Nifty trades near 24,000 levelMarket under pressure; Nifty trades near
24,000 level Last Updated : Aug 31 2026 | 11:50 AM ISTThe key equity benchmarks continued to trade with strong losses in
the mid-morning trade amid renewed US-Iran tensions pushed crude oil prices higher and kept investors in a risk-off
mood. Brent crude rose above the $90-per-barrel mark, raising concerns over inflation and its potential impact on
interest-rate expectations. Market participants remained cautious ahead of the MSCI index rebalancing, which is expected
to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below
24,000 level. Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the
rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for
rural demand and inflation will also remain on the radar. Media shares declined after advancing in the past trading
session. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 472.79 points or 0.61% to 76,796.62. The
Nifty 50 index dropped 172.45 points or 0.71% to 24,003.65. The broader market underperformed the frontline indices. The
BSE 150 MidCap Index plunged 0.88% and the BSE 250 SmallCap Index tumbled 0.99%. Also Read Deepti's record figures
lead India to 94-run win over Thailand in Asia CupManipur NRC protest turns violent in Kakching, police fire tear
gasStock Market LIVE: Sensex down 400 pts, Nifty near 24,000; Gold, silver ETFs fall 4%Bellingham inspires another
Madrid win; Chelsea rout Brighton with fourParth Jindal takes the wheel as JSW's auto ambitions gather pace The
market breadth was weak. On the BSE, 1,527 shares rose and 2,535 shares fell. A total of 307 shares were unchanged. In
the commodities market, Brent crude for the November 2026 settlement jumped $2.14 or 2.43% to $90.24 a barrel. Initial
Public Offer (IPO): Purple Style labs received bids for 2,58,778 shares as against 68,49,816 shares on offer, according
to stock exchange data at 11:06 IST on 31 August 2026. The issue was subscribed 0.04 times. The issue opened for bidding
on 31 August 2026 and will close on 2 September 2026. The price band of the IPO is fixed between Rs 546 and 575 per
share. An investor can bid for a minimum of 26 equity shares and multiples thereof. Lumino Industries received bids for
1,28,81,79,620 shares as against 6,32,05,127 shares on offer, according to stock exchange data at 11:06 IST on 31 August
2026. The issue was subscribed 20.38 times. The issue opened for bidding on 27 August 2026 and will close on 31 August
2026. The price band of the IPO is fixed between Rs 78 and 82 per share. An investor can bid for a minimum of 182 equity
shares and multiples thereof. Priority Jewels received bids for 3,76,14,000 shares as against 32,02,500 shares on offer,
according to stock exchange data at 11:06 IST on 31 August 2026. The issue was subscribed 11.75 times. The issue opened
for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO is fixed between Rs 190 and
200per share. An investor can bid for a minimum of 75 equity shares and multiples thereof. EDS Software Solution
received bids for 11,82,57,032 shares as against 1,23,52,942 shares on offer, according to stock exchange data at 11:06
IST on 31 August 2026. The issue was subscribed 9.57 times. The issue opened for bidding on 28 August 2026 and will
close on 1 September 2026. The price band of the IPO is fixed between Rs 408 and 429 per share. An investor can bid for
a minimum of 34equity shares and multiples thereof. Buzzing Index: The Nifty Media index declined 3.70% to 13,216.40.
The index rose 0.39% in the past trading session. Zee Entertainment Enterprises (down 9.66%), Network 18 Media &
Investments (down 4.65%), Sun TV Network (down 2.42%), Saregama India (down 2.14%), Prime Focus (down 2.09%) were the
top losers. Among the other losers were Nazara Technologies (down 1.8%), Hathway Cable & Datacom (down 1.61%), PVR
Inox (down 1.38%), D B Corp (down 1.05%) and Tips Music (down 0.88%) declined. Stock in Spotlight: Shree Refrigerations
added 2.39% after the company announced that it had received an order worth Rs 3.93 crore from the Indian Navy's
Controller of Procurement, Material Organisation, Mumbai. Indraprastha Gas rose 2.13% after the company increased the
price of compressed natural gas (CNG) by Rs 3.89 per kg. Following the revision, CNG in Delhi will cost Rs 86.98 per kg.
The revised price is Rs 92.10 per kg in Gurugram and Rs 95.59 per kg in Ghaziabad and Noida. Global Markets: US stock
futures were trading 140 lower on Monday, signalling a weak opening for Wall Street, while most Asian markets declined
as investors assessed a more hawkish policy outlook from Federal Reserve Chair Kevin Warsh and renewed US-Iran tensions.
Warsh said the Fed would have work to do if it was not confident that underlying inflation was returning to its 2%
target, prompting markets to raise the probability of a September rate hike to around 57%. Asian technology stocks came
under pressure as higher expected borrowing costs weighed on risk appetite. Oil prices rose after the US military struck
Iranian missile launchers near the Strait of Hormuz. Brent crude climbed to around $89.30 a barrel, raising concerns
over a renewed escalation and potential disruption to oil supplies through the key shipping route. China's
manufacturing activity remained in contraction for a second consecutive month in August, although the pace of decline
eased. The official manufacturing Purchasing Managers' Index rose to 49.8 from 49.2 in July, remaining below the 50
mark that separates expansion from contraction. The reading was also better than economists' expectations. US
equities ended lower on Friday after Warsh's Jackson Hole speech revived concerns over tighter monetary policy. The
S&P 500 fell 0.25% to 7,711.76, the Dow Jones Industrial Average slipped 0.02% to 53,559.99 and the Nasdaq Composite
declined 0.52% to 26,402.42. The combination of higher rate expectations, elevated bond yields and renewed geopolitical
tensions has increased pressure on global risk assets. Markets will now turn to upcoming US employment and inflation
data for further clues on the Federal Reserve's policy path.Powered by Capital Market - Live NewsDisclaimer: No
Business Standard Journalist was involved in creation of this contentMore From This SectionZee Entertainment drops on
buzz lenders to challenge Subhash Chandra repayment planKarbonsteel Engineering surges after securing Rs 67-crore
ordersAnnu Projects IPO ends with 2.93 times subscriptionUS dollar index large currency speculative longs slide
furtherOil India subsidiary signs MoU with four Municipalities of HaryanaDon't miss the most important news and
views of the day. Get them on our Telegram channelFirst Published: Aug 31 2026 | 11:50 AM ISTHOT STOCKSSuzlon Energy
Share PriceAdani Enterprises Share PriceAdani Power Share PriceIRFC Share PriceTata Motors PV Share priceBHEL Share
PriceDr Reddy Share PriceVodafone Idea Share PriceTRENDING NEWSStock Market LiveStocks to watchBreakout
StocksGold-Silver Rate TodayTop Losers TodayTop Gainers TodayDeep Dive Augmont Enterprises Share PriceNepal
FloodsGold-Silver Price OutlookIMD Weather ForecastHDFC Bank Share PriceZee Share PriceAther Energy
ShareCALCULATORSIncome Tax CalculatorCrorepati CalculatorNet Worth CalculatorEMI CalculatorSIP Calculator Retirement
CalculatorCar Loan CalculatorHome Loan CalculatorEducation Loan CalculatorMarriage Plan CalculatorQUICK LINKSStock
Companies ListSubscribe to NewslettersFree Sudoku PuzzleFree Crossword PuzzleTOP SECTIONSLatest NewsCompany NewsMarket
NewsIPO NewsCommodity NewsImmigration NewsCricket NewsPersonal FinanceTechnology NewsWorld NewsIndustry NewsEducation
NewsOpinionHealth NewsEconomy NewsIndia NewsPolitics NewsBudget 2026Today's PaperAbout UsT&CPrivacy
PolicyCookie PolicyDisclaimerInvestor CommunicationGST registration number ListComplianceContact UsAdvertise with
UsSitemapSubscribeCareersBS AppsCopyrights © 2026 Business Standard Private Ltd. All rights reserved