Indian benchmark indices closed lower on Wednesday, September 02, 2026, driven down by profit-booking in heavyweights and soft global cues. The BSE Sensex shed 373.93 points (-0.49%) to settle at 76,570.35, while the NSE Nifty 50 declined by 141.35 points (-0.59%) to close at 23,914.45.
Sectoral action was largely tilted in favor of bears, with IT, Auto, and Metal indices witnessing notable selling pressure. Conversely, FMCG and Pharma stocks offered mild downside protection. Key laggards included Infosys, Tata Motors, and Hindalco, whereas defensive names like ITC and Sun Pharma ended in the green. Broader markets underperformed the front-line indices, reflecting cautious sentiment among retail participants.
Macro headwinds continued to exert pressure as Brent crude hovered near $78 per barrel and Foreign Institutional Investors (FIIs) remained net sellers in cash equities. Meanwhile, Domestic Institutional Investors (DIIs) provided some cushion through selective buying. The Indian Rupee traded marginally weak against the US Dollar amid broader strength in the greenback.