Morning Brief: Nifty Slips 0.17% to 23,873; FIIs Net Sell ₹2,345 Crore Amid Volatility | 04 Sept 2026, 08:15 AM IST
By ThePip Desk
Indian markets extended losses for a fourth session as Nifty closed at 23,873. FIIs turned net sellers while DIIs provided support with ₹4,977 crore buying.
Indian equity benchmarks extended their losing streak to a fourth consecutive session on Thursday, as persistent geopolitical concerns and a sell-off in IT stocks weighed on investor sentiment. The Nifty 50 ended at 23,873.45 (-0.17%), while the Nifty Bank managed to buck the trend, closing at 57,380.60 (+0.36%).
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 23,873.45 (-0.17%) |
| Nifty Bank | 57,380.60 (+0.36%) |
| Nifty Midcap 100 | 63,235.20 (+0.37%) |
Institutional Flows
Foreign Institutional Investors (FIIs) were net sellers in the cash market on Thursday, offloading shares worth ₹2,345.87 crore. Conversely, Domestic Institutional Investors (DIIs) continued their support, recording a net purchase of ₹4,977.46 crore.
| Date | FII Net | DII Net |
|---|---|---|
| 03-Sep-2026 | -2,345.87 | 4,977.46 |
| 02-Sep-2026 | 6,688.37 | 2,812.98 |
| 01-Sep-2026 | 1,143.38 | 1,846.94 |
Sector Performance
| Sector | Last |
|---|---|
| Nifty Realty | 916.15 (+2.58%) |
| Nifty PSU Bank | 8,552.60 (+0.48%) |
| Nifty Financial Services | 25,923.05 (+0.43%) |
| Nifty Pharma | 26,658.65 (-0.46%) |
| Nifty Auto | 27,837.40 (-0.52%) |
| Nifty FMCG | 45,955.65 (-0.62%) |
| Nifty IT | 30,838.85 (-0.85%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| ADANIPORTS | Adani Ports | 1,706.50 (+2.02%) |
| AXISBANK | Axis Bank | 1,267.00 (+1.04%) |
| BAJAJ-AUTO | Bajaj Auto | 11,920.00 (-1.73%) |
| TECHM | Tech Mahindra | 1,598.00 (-1.54%) |
Global and Macro Cues
Asian markets ended mixed as investors digested US private-sector jobs data. Domestically, the services sector showed expansion with the HSBC India Services PMI rising to 54.1 in August. The Indian rupee strengthened against the US dollar, closing at 94.60.
Corporate Highlights
- Bharat Forge: Its arm signed a strategic alliance agreement with Thales for 70-mm rocket systems.
- Rail Vikas Nigam: Emerged as the lowest bidder for a railway project valued at ₹404.88 crore.
- Ecoboard Industries: Secured a new order worth ₹20.50 crore.
Despite the headline index decline, the Nifty Midcap 100 and Nifty Bank indices showed resilience, indicating selective buying interest in broader market segments.
The divergence between FII selling and DII buying suggests that domestic liquidity remains a critical buffer against global volatility and foreign capital outflows.