Sequential Sell-Off Deepens
#IndiaMarket As of Thursday, September 3, 2026, Indian benchmark indices extended their losing streak to a fourth consecutive session, pressured by an intense sell-off in IT counters and mounting macroeconomic anxieties. The BSE Sensex tumbled 417.49 points (-0.55%) to settle at 76,152.86, while the Nifty 50 slipped 41.00 points (-0.17%) to close at 23,873.45. Late-session profit booking erased early intraday recovery gains, keeping overall market sentiment fragile.
Energy Risk and Liquidity Divergence
Global crude oil benchmarks climbed significantly -with Brent crude surging past $97 per barrel- following renewed escalations in the U.S.–Iran conflict. The spike in energy costs continues to serve as a primary macro overhang for domestic importers. Counterbalancing this pressure somewhat, data from the central bank highlighted that India’s banking system liquidity surplus hit a 4.5-year high of ₹7.76 lakh crore, providing a domestic cushioning floor even as foreign portfolio flows remain selective.
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