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EQUITY
Post Session: Quick Review
Sep-28-2026

After a one-day halt, Indian equity markets again ended in the red on Monday, with the indices witnessing a bloodbath amid heavy selling pressure. Sentiments remained subdued amid renewed geopolitical uncertainty and a rebound in crude oil prices after US President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz. Trump also threatened to attack Iran after the US mid-term elections. Traders remained cautious ahead of the release of India’s Index of Industrial Production (IIP) data for August, scheduled to be out later in the day.

Both the Sensex and Nifty ended more than one and a half per cent lower amid broad-based selling across sectors. Banking and financial stocks were among the major drags. Sentiment also remained subdued ahead of the expiry of the Nifty monthly F&O contracts on September 29.

Some of the important factors in trade:

FIIs remains net sellers: Persistent capital outflows from foreign institutional investors (FIIs) have weighed on investor sentiment. FIIs were the net sellers in Friday’s session, offloading securities worth Rs 3,693.93 crore. 

India's forex reserves fall $14.89 billion to $766 billion: 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.

Government cuts FY27 market borrowing below budget estimate: Traders took a note of reports that the Government of India has scaled down its FY27 market borrowing target from the Budget Estimate, with total market borrowing through dated securities now expected at Rs 15,99,506 crore against the budgeted Rs 17,20,000 crore. 

On the global front: European stocks were trading in the green, even as investors remained cautious about climbing oil prices and elevated bond yields. Asian markets closed mostly lower, amid fresh Chinese data showed that growth in industrial profits weakened further in August.

The BSE Sensex ended at 72771.72, down by 1124.02 points or 1.52% after trading in a range of 72716.23 and 73740.85. There was one stock advancing against 29 stocks declining on the index. (Provisional)

The top losing sectoral indices on the BSE were Telecom down by 2.30%, Power down by 2.30%, Utilities down by 2.27%, PSU down by 2.09% and Realty down by 2.08%, while there were no gaining sectoral indices on the BSE. (Provisional)

The only gainer on the Sensex was Infosys up by 0.39%. On the flip side, Larsen & Toubro down by 2.47%, Adani Ports and Special Economic Zone down by 2.38%, Hindustan Unilever down by 2.28%, Reliance Industries down by 2.21% and Power Grid down by 2.15% were the top losers. (Provisional)

Meanwhile, Stressing the need for greater adoption of technology and innovation across sectors, Union Finance Minister Nirmala Sitharaman has expressed confidence that India could achieve economic growth of more than 10 per cent. She said higher economic growth would help accelerate India’s journey towards Atmanirbhar Bharat and Viksit Bharat, but stressed that achieving this would require “a lot more effort” from all sides.

Sitharaman cited the growth of startups since 2015, saying they could make a significant contribution to the economy in the coming years. She also emphasised the need to overcome cynicism and “nudge” people to think positively and recognise the developments taking place on the ground. Highlighting the role of technology in agriculture, she said technological interventions had made a “spectacular difference” in connecting producers with markets and improving productivity. She cited the use of technology to speed up harvesting and prepare land for the next crop, as well as drones and aerial geospatial instruments for precision mapping of land parcels that were previously mapped manually.

She also cited the use of point-of-sale (POS) machines in fertiliser distribution as an example of technology being used to prevent pilferage. She said the POS system, which was still under pilot testing, recorded details of the farmer, land and crop being cultivated, and provided farmers with information on the quantity of fertiliser that may be sufficient based on soil, irrigation and crop conditions. The minister said farmers would continue to have a choice when purchasing fertilisers, while the technology would inform them about the quantity that may be sufficient for their crops. She said excessive use of pesticides and fertilisers was contaminating soil and water, and that technology could help address the issue. She added “So the sooner these technologies reach these sectors, the better it is for India. You will be optimally producing things and therefore adding to the growth”.

The CNX Nifty ended at 22780.25, down by 360.25 points or 1.56% after trading in a range of 22762.20 and 23080.25. There were 3 stocks advancing against 47 stocks declining on the index. (Provisional)

The few gainers on Nifty were Dr. Reddy's Labs. up by 1.67%, Infosys up by 0.30% and HDFC Life Insurance up by 0.11%. On the flip side, Tata Motors Passenger down by 3.00%, Adani Enterprises down by 2.93%, JIO Financial Services down by 2.86%, Power Grid down by 2.84% and Larsen & Toubro down by 2.83% were the top losers. (Provisional)

European markets were trading higher; UK’s FTSE 100 increased 31.1 points or 0.29% to 10,726.35, Germany’s DAX gained 32.66 points or 0.13% to 25,441.30 and France’s CAC rose 3.1 points or 0.04% to 8,080.90.

Asian markets ended mostly lower on Monday as surging crude price and bond yields weighed on investors sentiments. The Brent crude oil prices have surged past $107 a barrel mark after US President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz. He has also threatened to attack Iran after US mid-term elections. Further, the high crude oil prices have sparked worries about soaring inflation and tougher monetary policies by central banks. Besides, Hawkish outlook by Bank of Japan and global macro-economic headwinds have made market participants nervous. Moreover, Chinese tech shares fell to a 13-month low due to fears of new US sanctions on local transceiver makers and on rumour that Beijing might let companies buy Nvidia chips. Meanwhile, Taiwanese market remained closed for teacher's day.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,823.62

-64.75

-1.67

Hang Seng

24,642.51

132.42

0.54

Jakarta Composite

6,147.86

-94.03

-1.53

KLSE Composite

1,670.02

-1.60

-0.10

Nikkei 225

65,877.62

-486.58

-0.73

Straits Times

5,729.02

17.90

0.31

KOSPI Composite

6,889.74

-191.18

-2.77

Taiwan Weighted

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