The Indian stock market opened the week on a softer note as crude prices rise and geopolitical tensions weigh on sentiment, with Brent hovering near $97 a barrel amid US-Iran tensions around the Strait of Hormuz.

Oil prices climbed on renewed US-Iran hostilities, further pressuring inflation and limiting gains in the rupee.

After the closing auction, the Sensex finished at 76,570 (down 374) and the Nifty 50 at 23,914 (down 141), with some intraday losses recouped by session’s end.

Disclaimer notes that analyst views are individual and investors should consult certified financial experts before decisions.

Investors are watching Friday’s August jobs report for clues on the labor market and implications for future monetary policy.

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Traders are advised to limit overnight derivative exposure, enforce strict stop-losses, and monitor global macro developments and FIIs’ flow.

Provisional data show FPIs sold shares worth Rs 3,111.94 crore on September 4, while DIIs bought Rs 8,930.12 crore, signaling domestic support against overseas selling.

Technical setup suggests a weak near-term trend with key support near 24,000/76,800; a break below could accelerate selling toward 23,600-23,500/75,500-75,200, while an upside move could target 24,200-24,350/77,400-78,800.

U.S. jobs data and rising yields added pressure on global assets, raising expectations of a potential Fed rate hike and higher bond yields.