Morning Brief: Nifty Falls 0.50% to 23,779; IT Stocks Drag Amid Global Geopolitical Tensions | 08 Sept 2026, 08:15 AM IST
By ThePip Desk
Nifty ends at 23,779.15, down 0.50% as US-Iran hostilities and rising oil prices weigh on sentiment. FIIs turn net buyers after two sessions of selling.
Indian equity benchmarks extended losses on Monday, with the Nifty 50 closing at 23,779.15 (-0.50%) as escalating geopolitical tensions between the U.S. and Iran stoked fears of energy supply disruptions. The BSE Sensex also mirrored the trend, ending the session lower as investors braced for potential interest rate hikes following robust U.S. labor data.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 23,779.15 (-0.50%) |
| Nifty Bank | 57,088.30 (-0.49%) |
| Nifty Midcap 100 | 62,786.15 (-0.46%) |
Institutional Flows
Foreign Institutional Investors (FIIs) turned net buyers on Monday, injecting Rs 280.13 crore into the equity markets, breaking a two-session selling streak. Domestic Institutional Investors (DIIs) continued their support, adding Rs 566.76 crore to their holdings.
| Date | FII Net | DII Net |
|---|---|---|
| 07-Sep-2026 | +280.13 | +566.76 |
| 04-Sep-2026 | -3111.94 | +8930.12 |
| 03-Sep-2026 | -2345.87 | +4977.46 |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| APOLLOHOSP | Apollo Hospitals | 8,760.00 (+1.27%) |
| LT | Larsen & Toubro | 3,999.00 (+0.88%) |
| INFY | Infosys | 1,087.50 (-3.76%) |
| SBILIFE | SBI Life Insurance | 1,732.00 (-2.42%) |
Macro & Corporate Highlights
- Liquidity: The Reserve Bank of India absorbed Rs 6.02 lakh crore via two variable rate reverse repo auctions as system liquidity surplus remains elevated.
- Auto Sales: FADA reported record retail sales of 24,23,201 units in August 2026, a +17.51% increase year-on-year.
- Energy: The Central Electricity Authority has proposed making energy storage systems mandatory for future renewable energy projects.
- Corporate News: BCPL Railway Infrastructure emerged as the lowest bidder for an Eastern Railway project valued at Rs 54.74 crore.
IPO Watch
- Prasol Chemicals: Issue opens for subscription on September 08, 2026.
- Rentomojo: Issue opens on September 09, 2026.
- LCC Projects: Issue opens on September 09, 2026.
The shift in FII sentiment to net buying, despite broader market weakness, highlights a nuanced approach by global investors amidst heightened geopolitical risk.