Nifty 50 Index Dips Below 24,100 Level on August 31, 2026

The Nifty 50 index opened the August 31, 2026, session at 24,117.55 and managed a brief intraday high of 24,128.70 shortly after the opening bell. However, persistent selling pressure dragged the index down to an intraday low of 23,993.60. 

Nifty 50 Index Performance on August 31, 2026 

Opening below its previous close of 24,175.65, the Nifty 50 registered its minor peak of 24,128.70 early in the session. Profitable trimming across key heavyweight sectors triggered a steady decline of more than 180 points from the previous close, forcing the index to slide past its psychological support line before finding a bottom at 23,993.60. 

As of 12:05:30 PM IST, the Nifty 50 staged a modest recovery from its lowest point and was trading at a Last Traded Price (LTP) of 24,075.30, down by 100.35 points or 0.42% for the day. 

Advance Decline Ratio of Nifty 50 Index 

Market sentiment remained highly risk-averse by midday. Out of the 50 major index constituents, only 10 stocks managed to secure gains and trade in the green, while a substantial majority of 40 stocks recorded losses and remained under selling pressure. 

Top Gainers and Losers of Nifty 50 Index on August 31, 2026 

Despite widespread bearish sentiment, a few prominent counters managed to shrug off the downturn. Bajaj Auto (BAJAJ-AUTO) led the index gainers, climbing 86.00 points (+0.72%) to an LTP of 11,996.00. High-weightage private lender ICICI Bank (ICICIBANK) provided vital support to the financial sector, trading at 1,430.40 up by 7.60 points (+0.53%). Grasim Industries (GRASIM) gained 14.20 points (+0.43%) to reach an LTP of 3,304.20, while telecom leader Bharti Airtel (BHARTIARTL) grew by 7.70 points (+0.41%) to stand at an LTP of 1,890.10. Energy major Oil & Natural Gas Corporation (ONGC) rounded out the top five gainers, adding 0.93 points (+0.40%) to rest at 233.18. 

Conversely, heavy liquidations were witnessed across metal, IT, and conglomerate heavyweights. Adani Enterprises (ADANIENT) emerged as the steepest underperformer, sliding 72.20 points (-2.28%) to an LTP of 3,096.30. Metal majors Tata Steel (TATASTEEL) and Hindalco Industries (HINDALCO) faced steep downside momentum; Tata Steel lost 4.07 points (-2.18%) to hit 182.43, while Hindalco contracted by 21.40 points (-2.06%) down to 1,016.00.  

The technology sector also faced intense correction as Wipro (WIPRO) fell 3.67 points (-2.03%) to an LTP of 177.28, and Infosys (INFY) dipped 22.20 points (-1.94%) to land at an LTP of 1,121.80. 

Conclusion 

On Monday, August 31, 2026, the Nifty 50 index struggled against negative macro cues, flashing a net loss of 0.42% heading into the afternoon. Although a mild bounce-back emerged from the sub-24,000 intraday low, the overall market trend remained distinctly bearish, heavily dictated by widespread profit-taking across index heavyweights. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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