Stock Market Today : 3 September 2026
Thursday, September 3, 2026, the Indian market had a mixed-to-weak finish. The key feature was Bank Nifty strength despite weakness in Nifty, while realty, banking, and selected defence/industrial stocks attracted buying.
Market today
- Nifty 50: closed at 23,873.45, down about 41 points (-0.17%).
- Bank Nifty: closed at 57,380.60, up about 209 points (+0.36%).
- Sensex: fell 417 points (-0.55%) to 76,152.86.
- Nifty Midcap 100: gained about 0.37%.
- Nifty IT: fell 0.85%.
- Nifty Auto: fell 0.51%.
- Nifty Financial Services: gained 0.43%.
The market initially opened higher, helped by softer US yields and positive global cues, but selling emerged later. The sharp late-session decline in the Sensex came particularly during the final minutes of the F&O expiry session.
Stocks up today :
Raymond: +12.97%
Main reason: demerger + aerospace/defence opportunity.
Raymond is seeing strong buying after completion of the group’s demerger, which has separated its businesses and given investors clearer valuation visibility. The remaining Raymond business is increasingly focused on engineering and precision technology, including expansion into aerospace manufacturing.
Analysts also highlighted the company’s order book and earnings potential in the aerospace/precision-engineering business.
Anant Raj: +6.48%
Main reason: strong buying across the real-estate sector.
Anant Raj was among the strongest realty stocks today. The entire Nifty Realty index rallied more than 3% intraday, with Anant Raj, Brigade, DLF, Prestige Estates, Aditya Birla Real Estate, Godrej Properties and Sobha all participating.
RBL Bank: +4.80%
Main reason: huge FCNR-B deposit mobilisation.
This is one of the clearer fundamental triggers today.
RBL Bank mobilised approximately $3.4 billion of FCNR-B deposits through the RBI’s special forex-swap facility. Citi described the mobilisation as exceptionally large for a mid-sized bank.
According to Citi’s assessment, the deposits could potentially provide around 7% uplift to absolute NII and 10% to PPOP in FY27, although the additional low-cost/liability dynamics could also put some pressure on reported NIMs initially.
The broader banking sector also benefited because India attracted around $127.23 billion of FCNR-B deposits under the RBI’s special facility.
Solar Industries : +4.37%
Main reason: possible overseas acquisition + very strong defence growth.
There are two catalysts behind today’s buying.
First, reports suggested Solar Industries is looking to acquire a South African company, potentially with an announcement as soon as Friday or early next week. Exchanges reportedly sought clarification from the company regarding the report.
BSE : +4.36%
Main reason: NSE IPO/self-listing issue and competitive positioning.
BSE gained after MD & CEO Sundararaman Ramamurthy commented that NSE cannot simply self-list/trade on its own platform following its IPO, according to the reports.
This matters because NSE’s proposed IPO and eventual listing have raised questions about competitive dynamics between the two exchanges. BSE investors are therefore interpreting the latest comments as potentially favourable for BSE’s competitive position.
Top Market Events Today :
For Indian markets, the biggest drivers today are global bond yields, US jobs data expectations, crude oil/geopolitical risk, and the rupee/liquidity situation.
India — Key events to watch
1. India’s strong GDP growth remains a major positive
India’s Q1 FY27 GDP grew 7.8% YoY, significantly above expectations, driven by investment and manufacturing. This remains an important underlying support for Indian equities.
2. RBI liquidity / FCNR-B flows
The RBI is closely tracking the large inflow of foreign-currency deposits under its swap facility. The RBI today published data on forex inflows through FCNR(B) deposits, ECBs and overseas foreign-currency borrowings.
This is important for:
- Banks
- Rupee
- Bond yields
- Overall market liquidity
The roughly $127 billion FCNR-B inflow is being viewed as potentially supportive for the rupee and banking liquidity.
US Jobless Claims — MOST IMPORTANT TODAY
The US will release weekly initial jobless claims today.
The consensus is around 205,000, versus 203,000 previously. Continuing claims are also being watched.
Why India should care:
A weaker US labour market could strengthen expectations of easier Fed policy, potentially helping emerging-market equities and the rupee.
A strong number could have the opposite effect.
US ISM Services PMI
The August ISM Services PMI is due today.
Forecast: around 54.0, compared with 54.1 previously.
This is particularly important because the US services sector is a major part of the economy.
Market reaction:
- Weak PMI → potentially positive for rate-cut expectations
- Strong PMI → potentially higher-for-longer Fed rates
- Higher rates → pressure on technology/growth stocks
Fed officials speaking
Fed Governor Christopher Waller is scheduled to speak today. Investors will look for clues about the future direction of US monetary policy.
This is especially important because markets are currently closely watching the possibility of a September Fed move. Reuters reports that market pricing has shifted toward a roughly 60% probability of a September rate hike, from around 40% a week earlier.
6. Crude oil + US-Iran tensions
Oil remains one of the biggest risks for India.
Brent was around $94–97/barrel today amid continuing geopolitical tensions involving the US and Iran.
For India:
Higher crude → negative for India → pressure on rupee, inflation and oil-importing companies.
Potential beneficiaries include upstream oil producers, while airlines, paints, chemicals and other heavy fuel users can face pressure.
7. Gold
Gold is also benefiting from geopolitical uncertainty and expectations surrounding monetary policy. Reuters reported gold up around 1.1% in today’s global trading.