On September 6, Indian stock market indices, Sensex and Nifty, fell over 1% as investors awaited the release of US jobs data for August. Sensex dropped by 1,000 points (1.26%) to 81,230, while Nifty slipped by 300.2 points (1.19%) to 24,844.9.
Key stocks like State Bank of India, BPCL, and ICICI Bank saw significant declines. Analysts highlighted that concerns over weaker US job data raised fears of a potential global economic slowdown. The US Federal Reserve's decision on interest rate cuts later this month is expected to be influenced by this data, with some speculating a larger-than-expected cut.