Gift Nifty Hints at Negative Opening; Sensex, Nifty Likely Under Pressure on September 3

India’s benchmark indices, Sensex and Nifty 50 are expected to open lower on Wednesday, tracking weak global cues.

Gift Nifty Today

The Gift Nifty hovered around 24,618, trading at a discount of nearly 73 points from the previous Nifty futures close. This signals a negative start for Indian equities.

Asian Market Overview

Asian markets traded mixed. Japan’s Nikkei 225 dropped 0.40%, Topix declined 0.35%, while South Korea’s Kospi was nearly flat at +0.01%. Hong Kong’s Hang Seng futures pointed to a weaker open.

Wall Street Insights

US markets closed sharply lower as traders assessed tariff uncertainty following a federal court ruling. The Dow Jones lost 249.07 points (0.55%) to 45,295.81, S&P 500 dropped 44.72 points (0.69%) to 6,415.54, while Nasdaq shed 175.92 points (0.82%) to 21,279.63.

Trump on India Tariffs

President Trump confirmed he is not considering reducing tariffs on India. While he noted strong ties with New Delhi, he criticised India’s high import duties, calling them unfair to the US.

Domestic Market Recap

On Tuesday, indices ended in the red due to late profit booking, with Nifty 50 closing below 24,600.

The Sensex slipped 206.61 points (0.26%) to 80,157.88, while the Nifty 50 fell 45.45 points (0.18%) to 24,579.60.

Also Read: IDFC First Bank vs Yes Bank vs Axis Bank: Comparing Q1 FY26 Earnings Results!

Conclusion

With Gift Nifty indicating a 73-point discount and global sentiment subdued, Indian equities are likely to see a cautious and weak start on Wednesday.

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