Stock Market Update: Nifty, Bank Nifty Open Weak on September 3, 2025; Gold, Silver Extend Rally

Published: September 3, 2025 08:23 am IST | New Delhi | THE MARKET TIMES DESK

Stock Market Update: Nifty, Bank Nifty Open Weak on September 3, 2025; Gold, Silver Extend Rally

Indian equities opened lower today following weak global cues. Gift Nifty indicated a negative opening of 51 points. In Asia, Japan’s Nikkei dropped 165 points, while Hong Kong’s Hang Seng showed mild positivity. Dow futures were also down 129 points, signaling cautious sentiment.

Nifty and Bank Nifty Performance

On Tuesday, both benchmarks closed near the day’s low, reflecting weak momentum.

  • Nifty 50 slipped 45 points to close at 24,580, holding just above the crucial 24,550 support.
  • Bank Nifty plunged 641 points to end at 53,661, almost exactly at the first support level of 53,650.

Technical charts suggest 53,500 remains a key support, while 54,000 acts as a strong resistance. Sustaining above 54,000 could trigger positivity; otherwise, markets may remain under pressure.

Top Gainers and Losers

Gainers:

  • Power Grid (+2.5%)
  • Tata Consumer Products (+2.5%)
  • NTPC (+2%)

Losers:

  • Mahindra & Mahindra (-2.5%)
  • Dr. Reddy’s (-2%)
  • Kotak Mahindra Bank (-1.5%)
  • ICICI Bank (-1%)

Kotak Mahindra Bank, which recently touched 2,300 levels, slipped below 2,000 again, highlighting ongoing weakness.

Gold and Silver Rally

  • Gold surged to ₹1,06,000 per 10 grams in international markets, marking a rise of ₹1,000.
  • Silver climbed to ₹1,23,000 per kg, after gaining 157 points yesterday.

Both precious metals continue to show strong momentum, with no signs of correction in the near term.

Indian Rupee Strength

The Indian Rupee showed strength yesterday against major currencies including the US Dollar, Euro, British Pound, and Japanese Yen.

FII-DII Data and Market Sentiment

  • FII Net Selling: ₹1,160 crore
  • DII Net Buying: ₹2,550 crore
  • India VIX: rose to 11.4 (from 11.29)
  • Put-Call Ratio (PCR): at 0.99, indicating efforts by big players to keep markets range-bound.

Key Corporate Updates

  • TCS: Secured a long-term €550 million contract with a Scandinavian non-life insurance firm.
  • PNC Infratech: Emerged L1 bidder for a ₹297 crore Varanasi airport project.
  • Yes Bank: Japanese firm SMBC to increase its stake by 25%, with CCI approval.
  • E2E Networks: Won a ₹177 crore AI/ML development order.
  • DCM Shriram: Signed long-term chlorine supply contract with Aarti Industries.
  • Lemon Tree Hotels: Signed licensing agreements for three new properties in Ajmer and Pushkar, Rajasthan.
  • MOIL: Reported highest-ever monthly production in August, up 17% YoY.
  • Highway Infrastructure: Received a fresh ₹69.8 crore order for a toll plaza project in Uttar Pradesh.

Weak Earnings

  • JK Cement: Reported widened losses of ₹1,356 crore vs. ₹15.1 crore last year.
  • Healthcare Global: CFO resigned, raising concerns.

IPO Updates

Vikram Engeneering works
image source vikramengineering.com

Two IPOs debut on the bourses today – Vikram Engineering and Enlon Healthcare.


👉 Overall, Indian markets remain under selling pressure with weak global cues and FII outflows. While Nifty and Bank Nifty are testing crucial support levels, gold and silver continue their bullish rally.

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