Indian Stock Market Highlights Today: Sensex, Nifty Slide as IT Stocks Drag and Crude Surges Past $96
Indian equity benchmark indices kicked off the week on a defensive note on Monday, September 7, 2026. Resurgent geopolitical friction between the US and Iran pushed Brent crude oil prices above $96 per barrel, reigniting inflation worries and dampening investor risk appetite. Heavy selling across IT, realty, and financial counters offset gains in healthcare majors, pulling headline benchmarks down by half a percent.
The BSE Sensex dropped 382.62 points (-0.50%) to close at 76,132.81. Simultaneously, the NSE Nifty 50 shed 118.55 points (-0.50%) to settle at 23,779.15, slipping below the critical 23,800 technical mark. The Bank Nifty index also ended in the red, down 281.35 points (-0.49%) at 57,088.30.
Market Snapshot: Key Benchmark Indices
| Benchmark Index | Closing Level | Absolute Change | Percentage Change |
| BSE Sensex | 76,132.81 | -382.62 | -0.50% |
| NSE Nifty 50 | 23,779.15 | -118.55 | -0.50% |
| Bank Nifty | 57,088.30 | -281.35 | -0.49% |
| Nifty IT | 29,995.20 | -701.10 | -2.28% |
Top Nifty 50 Gainers & Losers (September 7, 2026)
Top Gainers
- Apollo Hospitals: ₹8,760.00 (+1.27%) — Led the frontline gainers as defensive pharma and healthcare counters attracted sustained buying.
- Larsen & Toubro (L&T): ₹3,999.00 (+0.88%) — Showed relative resilience amid capital goods order execution optimism.
- Coal India: ₹418.85 (+0.84%) — Extended positive momentum, defying broader market weakness.
- Bharti Airtel: ₹1,877.00 (+0.80%) — Offered steady defensive support in the telecom space.
- Sun Pharma: ₹1,992.50 (+0.75%) — Advanced alongside general outperformance in healthcare stocks.
Top Losers
- Infosys: ₹1,087.50 (-3.76%) — Plunged to lead the market decliners as IT stocks faced sharp profit-taking.
- SBI Life Insurance: ₹1,732.00 (-2.42%) — Eased following profit-booking after its Friday rally.
- HDFC Life Insurance: ₹533.20 (-2.42%) — Dragged financial services counters lower.
- Tech Mahindra: ₹1,570.00 (-2.15%) — Slipped under heavy sectoral pressure on export-heavy tech majors.
- Tata Steel: ₹152.80 (-2.30%) — Corrected as the Nifty Metal index slipped over 1.2%.
Key Market Drivers & Sectoral Trends
- IT & Realty Lead Sector Drag: Nifty IT (-2.28%) emerged as the worst-performing sector, followed by Nifty Realty (-1.70%) and Nifty Metal (-1.24%).
- Pharma Outperforms: The Nifty Pharma (+0.75%) sector was the primary green pocket as investors shifted to defensive plays.
- Spiking Energy & Geopolitical Risks: Brent crude’s surge to $96.67/barrel on US-Iran tensions amplified fears of import cost inflation and sustained foreign capital outflows.
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Rupee at Close
7th Sep, 2026
Indian rupee ended flat at 94.49 per dollar on Monday versus Friday’s close of 94.49.
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FII’s & DII’s Activity on 7th Sep, 2026
Net value in crores
| BUY | SELL | |
| DII | 566.76 | |
| FII | 280.13 |
Source : NSE
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NOTE: *** The above information is based on the source and just for information and educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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