Market Close Report Today, September 4, 2026: Sensex, Nifty Snap Losing Streak To Post Gains As Metal Stocks Rally

Mumbai, September 4: Indian equity benchmarks snapped a four-session losing streak on Friday, with the Sensex gaining more than 360 points and the Nifty ending marginally higher near the 23,900 mark. Gains in metal, private banking and oil & gas stocks helped the market recover from its recent slide, although selling across auto, IT, pharma and realty stocks capped the advance. 

At close, the BSE Sensex was up 362.57 points, or 0.48%, at 76,515.43, while the Nifty 50 gained 24.25 points, or 0.10%, to settle at 23,897.70. The benchmarks remained volatile through the session, with investors weighing supportive global cues against elevated crude oil prices and geopolitical uncertainties. 

Market breadth was positive, with 2,396 shares advancing on the NSE, while 1,803 declined and 188 remained unchanged. 

Metal stocks lead sectoral gains 

The Nifty Metal index emerged as the strongest sectoral performer, rising more than 1% as investors stepped up buying in metal stocks. Private banking and oil & gas stocks also gained, providing support to the benchmark indices. 

Among the Nifty 50 constituents, SBI Life Insurance, Tata Steel, HDFC Life Insurance, Reliance Industries and Trent were the top gainers at the close. 

Tata Steel was among the prominent performers within the metal space. Reliance Industries also contributed to the index’s recovery, while gains in financial stocks provided additional support. 

IT, auto stocks weigh 

The recovery, however, remained limited as several major sectors ended in the red. The Nifty Auto, IT, PSU Bank, Pharma and Realty indices each declined around 0.5%. 

HCL Technologies emerged as one of the biggest Nifty laggards, while Coal India, Maruti Suzuki, Bharti Airtel and Bajaj Finserv also ended lower. 

The weakness in IT and auto stocks offset some of the gains in metals and financials, preventing the Nifty from reclaiming the 24,000 level by the close. 

Smallcap index hits record high 

The broader market delivered a mixed performance. The Nifty Midcap index slipped 0.2%, while the Nifty Smallcap index gained 0.2% to end at a fresh record high, indicating continued investor interest in select smaller companies despite the volatility in benchmark indices. 

The Friday rebound came after four consecutive sessions of declines in which concerns around elevated crude oil prices, global interest-rate expectations and geopolitical tensions had weighed on domestic equities. 

Global markets provided some relief on Friday after US Federal Reserve Governor Christopher Waller’s comments eased concerns about a possible interest-rate hike at the central bank’s September meeting. Asian equities also traded higher, while US Treasury yields steadied. 

However, crude oil remained elevated, with Brent crude trading near $96 a barrel amid heightened tensions involving the US and Iran. Higher oil prices remain a concern for India given its dependence on imports and their potential impact on inflation, corporate margins and the rupee. 

The Nifty’s close just below 23,900 suggests that the recovery remains tentative. Investors are likely to track US employment data, crude oil prices and global central-bank signals for further direction in the coming sessions. 

Source

•  NSE,
• BSE