Stock Market News: On the first trading day of the month of September, the Indian stock market saw huge ups and downs. Better-than-expected GDP growth numbers and value buying at lower levels led the market to recover strongly from the initial decline. However, rising crude oil prices and selling pressure in banking stocks later put a brake on the market rally. At the end of business BSE The Sensex closed down 12.99 points, or 0.02 percent, at 76,944.28. when NSE The Nifty 50 closed down 24.60 points, or 0.10 percent, at 24,055.80.

Intraday Nifty touched below 24,000

Tuesday’s in trading Sensex and Nifty saw huge volatility. The Sensex initially fell 193.01 points to 76,764.26. It then recovered nearly 468 points from the low to touch the day’s high of 77,231.87. However, the Sensex fell almost 576 points to 76,656.12 from there as selling increased at higher levels. The Nifty also initially fell to 24,009.50 and then recovered to touch an intraday high of 24,143.15. The Nifty then slipped to 23,952.55 amid selling pressure. Thus intraday Nifty went below 24,000, but finally closed above 24,000 again.

A sell-off in midcaps, FMCG provided support

Broader markets were under pressure compared to major indices. The Nifty Smallcap 100 index was down around 0.25 percent, while the Nifty Midcap 100 was down around 1.39 percent. Widespread sell-off in midcap stocks weighed heavily on investor portfolios. Sector-wise buying was seen in FMCG and IT stocks. The Nifty index of both sectors rallied around 1 percent and tried to cap market declines. On the other hand, there was heavy selling in banking, auto and pharma stocks.

Concern over rising crude oil prices

One of the main reasons for the pressure on the market was the rising crude oil prices in the international market. Pricey crude could raise import bill and inflation concerns for India. Along with this, the sell-off in banking stocks also dragged down the benchmark index. On the other hand, the country’s better-than-expected economic growth figures initially supported investor sentiment.

Investors lost ₹ 3.46 lakh crore

The total market capitalization of all companies listed on BSE as on August 31, 2026 was around ₹491.58 lakh crore. It fell to around ₹488.12 lakh crore at the close of business on September 1. Thus, in a single trading session, investor wealth was reduced by around ₹ 3.46 lakh crore.