Day: September 2, 2026

Gold falls as oil, bond yields and Fed hike bets climb on Iran escalation

As rising global bond yields and escalating US-Iran tensions loom, the Indian stock market braces for a negative open. Analysts suggest a cautious approach with stock-specific strategies, identifying potential buy opportunities amid the chaos. 

Stock market today: Benchmark indices Sensex and Nifty closed marginally lower on Tuesday amid concerns over elevated crude oil prices and renewed tensions between the US and Iran, which weighed on investor sentiment.

The Indian stock market is expected to start flat on September 1, with Sensex and Nifty 50 facing resistance. The Nifty 50 closed at 24,055.80, below 24,100. Analysts predict volatility, with key support levels at 24,000 and resistance at 24,150.

US-Iran war: Brent crude futures rose 87 cents, or 0.92%, to $95.52 a barrel, after jumping 4.6% on Tuesday and moving above the $95-a-barrel mark.

Buy or sell indicator: Vaishali Parekh recommends three stocks to buy today — Mphasis, Jindal Stainless, and Rain Industries

Deepa Jewellers IPO opened on 1 September and will close on 3 September, with a price band of ₹168-177 per share. It aims to raise ₹250 crore, with allocations for different investor categories and a potential listing price of ₹221.

Asian markets today: Japan’s Nikkei 225 declined 1.60%, while the Topix slipped 1.44%. South Korea’s Kospi dropped 2.87% at the open, while the small-cap Kosdaq fell 2.51%.

As the Priority Jewels IPO reaches a 100-times subscription, shareholders eagerly await their allotment status. With grey market premiums signalling a potential 15% listing pop, learn how to check your allotment online seamlessly.

Since its 3 August debut, Sebi’s closing auction session has wiped out about half of the trading volume and value in Bank Nifty futures.