{
  "id": 5244078,
  "title": "Sensex, Nifty open higher on institutional support, global tailwinds; IT stocks drag",
  "url": "https://urgent.news/2026/09/03/sensex-nifty-open-higher-on-institutional-support-global-tailwinds-it",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T04:14:30.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/sensex-nifty-open-higher-on-institutional-support-global-tailwinds-it-stocks-drag/article71422304.ece"
  },
  "original_language": "en",
  "account": "Stock markets in India opened on a bullish note on Thursday, September 3, 2026, recovering from the losses incurred on the previous session. The major indices, Sensex and Nifty 50, both commenced trading above their previous closes, buoyed by sustained buying from institutions and optimistic global cues. As of 9.19 am, the Sensex stood at 76,745.72, up 175.37 points or 0.23 percent from its prior level of 76,570.35. The Nifty 50 opened at 23,975.35, up 60.90 points or 0.25 percent following its earlier close of 23,914.45. This positive trend followed a weak Wednesday, marked by a drop in the Nifty by 141 points and the Sensex by 374 points, chiefly driven by higher crude oil prices and geopolitical tensions due to US-Iran conflicts. Selling was predominantly witnessed in the IT and automobile sectors; however, energy stocks managed to offer some support. Despite the decline on Wednesday, foreign institutional investors (FIIs) bought ₹6,688 crore worth of Indian equities, while domestic institutional investors (DIIs) added ₹2,813 crore, resulting in a combined inflow of almost ₹9,501 crore. This marked the second consecutive day of buying by both domestic and foreign institutions. Dr V K Vijayakumar, Chief Investment Strategist at Geojit Investments, attributed this rally to the $127 billion mobilisation under the FCNR(B) scheme, which surpassed the market estimates. He further explained that this development would stabilize the rupee, instilling confidence in FIIs. Vijayakumar noted that the significant FCNR(B) influx by banks is expected to improve their net interest margins, thereby positively impacting banking stocks. However, technology stocks continued to face selling pressure. Tech Mahindra dropped the most, falling 1.19 percent to ₹1,603.70, while HCL Technologies declined by 1.03 percent to ₹1,317.80. TCS and Infosys also saw a decrease of 0.75 percent and 0.62 percent, respectively. The Nifty IT index had slipped around 1.5 percent in the previous trading session. Additionally, IndiGo was among the notable losers, falling 0.89 percent to ₹4,975.50 from its previous close of ₹5,020.00, indicating the pressure on aviation stocks due to rising crude oil prices. The Brent crude oil price remained elevated near $95 per barrel, with a decrease in US crude inventories by 4.45 million barrels, which was higher than anticipated, thus reinforcing supply constraints. Meanwhile, the US 10-year Treasury yield hovered around 4.8 percent, heightening inflation concerns ahead of the upcoming US non-farm payrolls report on Friday. Wall Street experienced an overnight recovery, with major indices, including the Dow, S&P 500, and Nasdaq, gaining between 0.5-0.6 percent, led by technology stocks. Asian markets also showed an overall positive trend, with the GIFT Nifty trading at 24,093, up by 128 points, ahead of the domestic market open. Shrikant Chouhan, Head of Equity Research at Kotak Securities, cautioned that the market had been breaking crucial support levels with minimal effort, which raised concerns. He identified 23,800 on the Nifty and 76,100 on the Sensex as critical levels for Thursday's trading session, suggesting that a sustained movement above 24,100/77,200 could lead to a recovery towards the 24,200-24,250 range. Market participants will closely monitor crude oil prices, geopolitical developments, and institutional flow data throughout the day to gauge further market direction.",
  "summary": "FIIs purchase ₹6,688 crore worth of Indian equities on Wednesday despite decline, while DIIs add ₹2,813 crore, a combined inflow of nearly ₹9,501 crore",
  "key_points": [
    "Sensex and Nifty open higher on institutional support",
    "IT stocks drag market, leading to sector-specific losses",
    "FCNR(B) inflow stabilizes rupee, boosting FII confidence"
  ],
  "editors_take": "Institutional buying and global optimism lift Indian markets, but tech stocks face selling pressure, with investors monitoring crude oil prices and US economic data for further market direction.",
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Sensex rises over 150 points, Nifty opens near 24,000 as US bonds yields slightly ease. Why is caution still warranted?",
        "url": "https://urgent.news/2026/09/03/sensex-rises-over-150-points-nifty-opens-near-24-000-as-us-bonds",
        "published": "2026-09-03T03:55:58.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Sensex, Nifty Start Higher As Global Markets Strengthen, US Bond Yields Ease",
        "url": "https://urgent.news/2026/09/03/sensex-nifty-start-higher-as-global-markets-strengthen-us-bond-yields",
        "published": "2026-09-03T04:15:50.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Sensex, Nifty trim morning gains by midday; Banking holds firm as IT, Pharma, Consumer stocks weigh",
        "url": "https://urgent.news/2026/09/03/sensex-nifty-trim-morning-gains-by-midday-banking-holds-firm-as-it",
        "published": "2026-09-03T07:42:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}