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The Japanese yen and U.S. dollar remained strong as investors sought safety following a significant sell-off on Wall Street. Soft U.S. manufacturing data raised concerns about the economy, with traders eyeing crucial payroll data due Friday. The yen gained 0.1% against the dollar, while the Aussie dollar saw little change after a 1.2% drop.

U.S. stocks fell sharply on Tuesday, marking the start of a historically weak month for the market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw their biggest declines since early August. Weak manufacturing data and anticipation of Federal Reserve interest rate decisions contributed to the downturn.

Asian stocks fell after Wall Street experienced its worst day since August 5, driven by weak US data and declining oil prices. The upcoming August jobs report is expected to show a modest increase in payrolls, while the Federal Reserve considers rate cuts to address economic concerns.

The Centre is set to launch an Offer for Sale (OFS) of 59.5 million shares in General Insurance Corp (GIC), reducing its stake from 85.78% to 79%. The floor price is Rs 395 per share, expected to raise around Rs 4,701 crore. This move aligns with SEBI’s public shareholding requirement.

The Nifty index remained range-bound on Tuesday, closing positively for the 14th day. Analysts noted resistance at 25,300 due to strong call option writing. A move above this level could lead to a rally toward 25,500, with support at 25,200 and 25,000.

The banking system liquidity as measured by net absorption of funds by the RBI, stood at a surplus of Rs. 2.23 lakh crore, as of September 2nd, central bank data showed.

Oil prices dropped more than 3% on Tuesday after Bloomberg News reported that a deal was imminent to resolve a dispute that has halted Libyan production and exports, pushing prices to their lowest since around the beginning of the year.

Private equity firm WestBridge Capital on Tuesday divested a 1.5 per cent stake in AU Small Finance Bank for Rs 736 crore via open market transactions.