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Markets remain under bear’s grip in morning deals
Sep-28-2026

Indian equity benchmarks continued to show a sluggish trend in morning session, with Sensex and Nifty trading below their psychological levels of 73,000 and 22,900, respectively amid surging crude oil prices, geopolitical uncertainties and a weak trend in Asian markets. Foreign fund outflows also hit investors' sentiment. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,693.93 crore on Friday, according to exchange data. Traders remained cautious as the Reserve Bank of India (RBI) data stated that India's forex reserves dropped by $14.88 billion to $765.90 billion during the week ended September 18 due to a fall in foreign currency assets. On the global front, Asian markets were trading mostly in red amid continued uncertainty over the end to the U.S.-Iran conflict after US President Donald Trump rejected Iran's latest conditional proposal to reopen the Strait of Hormuz. 

The BSE Sensex is currently trading at 72954.12, down by 941.62 points or 1.27% after trading in a range of 72921.75 and 73740.85.  All the 30 stocks were declining on the index. 

The top losing sectoral indices on the BSE were Telecom down by 1.72%, Bankex down by 1.71%, Power down by 1.69%, Utilities down by 1.62% and Capital Goods down by 1.51%, while there was no gaining sectoral index on the BSE. 

The top losers on the Sensex were State Bank Of India down by 1.81%, HDFC Bank down by 1.81%, ICICI Bank down by 1.76%, Bajaj Finance down by 1.54% and Kotak Mahindra Bank down by 1.49%, while there was no gainer on the Sensex. 

Meanwhile, the Department for Promotion of Industry and Internal Trade (DPIIT) data has shown that foreign direct investment (FDI) equity inflows in India rose 6 per cent to $19.81 billion in April-June quarter (Q1) of current fiscal year 2026-27 (FY27). The overseas investments stood at $18.62 billion in the same period of 2025-26. However, FDI equity inflows dipped by over 45 per cent year-on-year in May to $2.8 billion, and about 29 per cent to $4.91 billion in June. It almost doubled in April to $12.1 billion from $6.6 billion in April 2025. Total FDI, including equity inflows, reinvested earnings and other capital, increased about 22 per cent to $30.65 billion during Q1FY27.

As per the data, Japan emerged as the highest investor during the Q1FY27 with $5.71 billion FDI equity inflows, followed by Singapore ($5.22 billion), Mauritius ($2.31 billion), the Netherlands ($1.38 billion), the US ($1.34 billion), and the UAE ($868 million). FDI from the US dipped by over 76 per cent to $1.34 billion in April-June 2026-27 from $5.61 billion in the same period of 2025-26. Inflows from the UAE fell to $868 million in Q1FY27 from $1 billion in Q1FY26.

The main sectors that have attracted healthy FDI equity inflows include services ($7.04 billion), computer software and hardware ($2.84 billion), trading ($1.92 billion), non-conventional energy ($1.24 billion), and auto ($622 million). Among states, the data showed that Tamil Nadu received the highest inflow of $5.95 billion during the period. It was followed by Maharashtra ($4.22 billion), Delhi ($2.67 billion), Karnataka ($2.11 billion) and Gujarat ($1.3 billion).

The CNX Nifty is currently trading at 22841.75, down by 298.75 points or 1.29% after trading in a range of 22833.80 and 23080.25. There were 2 stocks advancing against 48 stocks declining on the index.

The few gainers on Nifty were Dr. Reddy's Labs. up by 1.36% and Coal India up by 0.39%. On the flip side, Adani Enterprises down by 2.38%, Tata Consumer Prod. down by 2.13%, Tata Motors Passenger down by 2.00%, Trent down by 1.93% and Bajaj Finance down by 1.78% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 64.2 points or 0.1% to 66,300.00, Jakarta Composite plunged 60.46 points or 0.97% to 6,181.43, Shanghai Composite weakened 66.65 points or 1.71% to 3,821.72 and KOSPI dropped 150.92 points or 2.13% to 6,930.00.

On the flip side, Hang Seng advanced 154.91 points or 0.63% to 24,665.00 and Straits Times rose 33.95 points or 0.59% to 5,745.07. 
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