Nifty, Sensex Hit 6-Week Lows Amid IT Sell-Off Pressure

Indian equities closed lower on September 7, 2026, as IT stocks declined and geopolitical concerns weighed on sentiment, dragging indices lower. Indian equity markets ended sharply lower on September 7, 2026, with the benchmark Nifty 50 and BSE Sensex closing at their lowest levels since July 27, reflecting a risk-off sentiment across the market. Heavy selling in large-cap IT stocks weighed significantly on the broader indices, as concerns over a potential US interest-rate hike dampened investor sentiment. The weakness in technology counters emerged as one of the primary drags on the market during the session. Geopolitical developments also remained in focus, with rising US-Iran tensions adding to market uncertainty and prompting investors to reduce exposure to risk-sensitive assets. On the sectoral front, Nifty Pharma emerged as the top-performing index, offering some resilience amid the broader weakness. In contrast, Nifty Media featured among the day's biggest laggards. Among individual stocks, Wockhardt Ltd. (NSE: WOCKPHARMA) gained nearly 7% intraday before closing 5.7% higher, extending its recent recovery. Zydus Lifesciences Ltd. (NSE: ZYDUSLIFE) also outperformed, ending the session 3.29% higher. On the downside, Zee Entertainment Enterprises Ltd. (NSE:

) declined nearly 6%, slipping to its lowest level in around three months amid continued selling pressure. The session reflected a cautious market environment, with investors balancing global macroeconomic concerns and geopolitical developments against stock-specific opportunities. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.