Closing Bell: Nifty 50 Closes Higher at 23937 as Reliance and Tata Steel Rally | 04 Sept 2026, 03:45 PM IST
By ThePip Desk
The Nifty 50 settled at 23937.90 on Friday, 04 September 2026, gaining 0.27% as heavyweights Reliance Industries and Tata Steel led the session’s recovery.
Market Overview
The Indian equity markets concluded the trading session on Friday, 04 September 2026, with the Nifty 50 settling at 23937.90, marking an increase of +64.45 points or +0.27%. The Nifty Bank also ended in positive territory, closing at 57440.60 with a gain of +60.00 points or +0.10%. However, the NIFTY Midcap 100 index faced selling pressure, finishing at 63121.55, down by −113.65 points or −0.18%.
Key Movers
Market sentiment was buoyed by gains in major industrials and financial stocks. Tata Steel Ltd. (TATASTEEL) rose +2.73% following its announcement regarding the acquisition of a stake in T Steel Holdings. Reliance Industries Ltd. (RELIANCE) climbed +2.03% amid news of a partnership with Rolls-Royce for the AMCA engine development programme. Conversely, HCL Technologies Ltd. (HCLTECH) led the losers, falling −1.94%.
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 23937.90 | +0.27% |
| Nifty Bank | 57440.60 | +0.10% |
| NIFTY Midcap 100 | 63121.55 | −0.18% |
Institutional Activity
Data for the previous session on 03 September 2026 showed FIIs were net sellers at −2345.87 crore, while DIIs provided support with net purchases totaling +4977.46 crore.