Stock Market Today: Sensex, Nifty Snap Three-Day Losing Streak as Banking Stocks Lead Recovery

Sensex opened +154.60 pts (+0.20%) to 76,724.95. Nifty opened +83.50 pts (+0.35%) to 23,997.95. Banks, financials up ~1% early. Nifty Smallcap +0.9%, Midcap +0.2%.

Updated: 3 Sept 2026 • 1:12 pm

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Stock Market Today: Sensex, Nifty Snap Three-Day Losing Streak as Banking Stocks Lead Recovery

Quick Answer

Stock market today opened higher, with the Sensex gaining 154.60 points, or 0.20 percent, to 76,724.95, and the Nifty 50 rising 83.50 points, or 0.35 percent, to 23,997.95, snapping three consecutive sessions of losses. The move was led by banking and financial stocks, which each gained around 1 percent in early trade on fresh liquidity expectations tied to strong non-resident Indian deposits under the RBI's foreign currency swap scheme. Relatively steady crude oil prices and a rebound on Wall Street, driven by gains in technology stocks and easing bond yields, also supported sentiment after a downbeat start to the week.

The stock market today opened in positive territory, with the Sensex gaining 154.60 points, or 0.20 percent, to open at 76,724.95, while the Nifty 50 rose 83.50 points, or 0.35 percent, to 23,997.95. The move snapped three consecutive sessions of losses for both benchmark indices.

By around 9:24 AM, the stock market today had extended its gains further, with the Sensex trading near 76,757.50, up about 0.25 percent, and the Nifty 50 at 23,975.65, also up roughly 0.25 percent, as buying interest continued through the opening hour.

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Table of Contents

What Is Driving the Stock Market Today?

Banking and financial stocks were the main driver of the stock market today, with private-sector lenders, public sector banks and financial services companies each advancing around 1 percent in early trade. The strength came on the back of fresh liquidity expectations, following strong non-resident Indian deposit inflows under the RBI's foreign currency swap scheme, which has helped support the rupee and banking sentiment in recent sessions.

How Did Global Cues Support the Stock Market Today?

The recovery in the stock market today was also supported by steadier crude oil prices, a relief after the sharp spike earlier in the week driven by escalating US-Iran tensions. Wall Street snapped its own three-day losing streak overnight, helped by strong gains in technology stocks after Broadcom forecast a boom in artificial intelligence chip sales, along with a slight easing in long-dated Treasury yields.

Asian markets also rebounded ahead of the opening bell, with gains across Japan, South Korea and other regional benchmarks setting a constructive tone for Indian equities as trading got underway.

Which Sensex Stocks Led Gainers and Losers Today?

Within the Sensex pack, Power Grid, Axis Bank, SBI and HDFC Bank joined Adani Ports among the early gainers, with Adani Ports leading the pack, up 1.85 percent. On the other side, Tech Mahindra, Infosys, Sun Pharma, Bajaj Finance and Hindustan Unilever were among the laggards, even as the broader tone stayed positive.

How Did the Broader Market Perform Today?

The broader market mirrored the strength in the benchmark indices, with the BSE Smallcap Select Index jumping 80.90 points, or 0.88 percent, to 9,237.87, and the BSE Midcap Select Index adding 33.56 points. The Nifty Smallcap index rose about 0.9 percent, while the Nifty Midcap index gained around 0.2 percent, indicating broad participation beyond just the large-cap names.

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What Happened in the Previous Session?

The recovery followed a weak session on 2 September, when the Sensex fell 373.93 points, or 0.49 percent, to close at 76,570.35, and the Nifty declined 141.35 points, or 0.59 percent, to 23,914.45. That decline came amid renewed US-Iran tensions and higher crude oil prices, marking the third straight session of losses before today's rebound.

Conclusion

The stock market today opened higher, with the Sensex and Nifty snapping a three-day losing streak as banking and financial stocks led the recovery, supported by steadier crude oil prices and a rebound on Wall Street. With the broader market also participating in the gains, the tone in the stock market today looked constructive after a difficult start to the week. Investors should track crude oil, bond yield and global cues for further direction, and consult a SEBI-registered advisor before making any investment decision.

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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

Why did the stock market rise today?

Ans. The stock market today rose as banking and financial stocks led a recovery, supported by steadier crude oil prices and a rebound on Wall Street after gains in technology stocks and easing bond yields.

Where did the Sensex and Nifty open today?

Ans. The Sensex opened at 76,724.95, up 154.60 points or 0.20 percent, while the Nifty 50 opened at 23,997.95, up 83.50 points or 0.35 percent.

What happened in the stock market in the previous session?

Ans. In the previous session on 2 September, the Sensex fell 373.93 points, or 0.49 percent, to 76,570.35, and the Nifty declined 141.35 points, or 0.59 percent, to 23,914.45, amid US-Iran tensions and rising crude oil prices.

Which sectors led the stock market today?

Ans. Banking and financial stocks led the stock market today, with private lenders, public sector banks and financial services companies each gaining around 1 percent in early trade.

How did the broader market perform in the stock market today?

Ans. The broader market outperformed, with the BSE Smallcap Select Index up 0.88 percent and the Nifty Smallcap index rising about 0.9 percent, alongside more modest gains in midcap stocks.

What global factors supported the stock market today?

Ans. Steadier crude oil prices, a Wall Street rebound driven by technology stocks, easing long-dated Treasury yields, and a broader rally across Asian markets all supported the stock market today.