Pre-Market Brief: Nifty 50 Slips to 23914 as Auto Stocks Face Sharp Selling Pressure | 03 Sept 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 closes at 23914.45 as auto stocks decline. Investors monitor FII and DII activity as markets prepare for the Thursday, 03 September 2026 opening bell.
Based on 02 September 2026 closing prices, the Indian equity markets faced a corrective session, with the Nifty 50 index retreating by 141 points to settle at 23914.45. The broader market sentiment remained cautious as midcap indices also tracked lower in a day defined by profit-taking across key sectors.
Market Performance Snapshot
| Index | Close | Change % |
|---|---|---|
| Nifty 50 | 23914.45 | -0.59% |
| Nifty Bank | 57172.00 | -0.41% |
| NIFTY Midcap 100 | 63001.60 | -0.53% |
Sectoral Trends and Movers
The session saw significant weakness in the auto space, with Hero MotoCorp Ltd. falling -4.59% and Eicher Motors Ltd. sliding -3.24%. Meanwhile, Mahindra & Mahindra Ltd. dropped -2.12% and Bajaj Auto Ltd. declined -1.87%. Conversely, Coal India Ltd. provided some support to the market, gaining +4.05%, alongside Adani Ports and Special Economic Zone Ltd., which rose +1.53%.
FII and DII Flows
Institutional participation remains a critical focus for traders. On 02 September 2026, Foreign Institutional Investors (FII) were net buyers at +6688.37 crore, while Domestic Institutional Investors (DII) also contributed with net purchases of +2812.98 crore. These inflows follow a period of volatility in foreign sentiment over the last five sessions.
Market participants will be closely watching if the buying interest from institutional investors can stabilize the index at the 09:15 AM opening.