Closing Bell: Nifty 50 Slips 172 Points as Auto and IT Stocks Drag Markets Lower | 02 Sept 2026, 03:45 PM IST
Key Highlights
The Nifty 50 settled at 23,882.85, a decline of 0.72% on Wednesday. Weakness in the auto and technology sectors weighed heavily on the broader market indices.
Market Overview
The Indian equity markets concluded the trading session on Wednesday, 02 September 2026, in negative territory. These are the final settled closing figures for the session. The closed at 23,882.85, reflecting a decline of −172.95 points or −0.72%. Similarly, the Nifty Bank index finished at 57,087.40, down −322.20 points or −0.56%, while the NIFTY Midcap 100 index settled at 62,932.30, marking a loss of −402.20 points or −0.64%.
Top Performers and Laggards
Coal India Ltd. led the gainers, rising +3.66% to close at ₹416.3, despite reporting a 5.7% fall in coal production for August. Conversely, Hero MotoCorp Ltd. faced significant selling pressure, declining −4.95% to settle at ₹5,280. Eicher Motors Ltd. also saw a sharp correction, falling −3.53% to ₹7,689.
| Stock | Close | Change % |
|---|---|---|
| Coal India Ltd. | ₹416.3 | +3.66% |
| Adani Ports | ₹1670.7 | +1.41% |
| Hero MotoCorp | ₹5280 | −4.95% |
| Wipro Ltd. | ₹177.38 | −2.38% |
Corporate Updates
Adani Ports and Special Economic Zone Ltd. rose +1.41% following the incorporation of its wholly owned subsidiary, Astro Offshore MESA Company, to boost its marine strategy. Meanwhile, Power Grid Corporation of India Ltd. declined −0.36% after reporting a marginal fall in Q1 consolidated net profit, despite a 2.20% increase in total income to ₹11,696.72 crore.