HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Sep-29-2026

Indian equity markets ended lower on Tuesday, extending the previous session’s losses, as renewed uncertainty over U.S.-Iran talks, continued foreign fund outflows, and elevated U.S. Treasury yields weighed on investor sentiment. The decline came despite stronger-than-expected economic data. Industrial output grew 8% year-on-year in August, beating the 6.5% forecast and July’s 7.4% growth, while manufacturing output rose 9%, up from 8.2% in July.

Both the Sensex and Nifty ended lower amid broad-based selling in IT and select heavyweight stocks. Rising crude oil prices, fuelled by escalating US-Iran tensions, further dampened investor sentiment. Sentiments also remained cautious as the Nifty monthly F&O contracts expired today.

Some of the important factors in trade:

Persistent capital outflows: Traders remained concerned as foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 5,353.22 crore on Monday.

India's merchandise exports increase by 15% up to September 21 this fiscal: Traders overlooked Commerce and Industry Minister Piyush Goyal’s statement that India's merchandise exports increased by 15 per cent up to September 21 in the current financial year (FY27) despite global economic uncertainties arising from ongoing conflicts

Piyush Goyal to discuss India-US trade deal, interim trade pact during week-long US visit: Traders took note of report that Minister of Commerce and Industry of India Piyush Goyal is set to hold talks with his counterparts in the United States (US) to advance a proposed deal between the two countries and finalise an interim agreement.

On the global front: European stocks were trading in the green, even as the sentiments remained cautious amid elevated oil prices and higher bond yields. Asian markets closed mostly in red, following the broadly negative cues from Wall Street overnight.

The BSE Sensex ended at 72529.07, down by 242.65 points or 0.33% after trading in a range of 72064.00 and 72684.90. There were 7 stocks advancing against 23 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Telecom up by 1.35%, Metal up by 0.86%, Healthcare up by 0.27%, Utilities up by 0.19% and Industrials up by 0.12%, while Consumer Durables down by 1.97%, Realty down by 1.49%, IT down by 1.28%, Auto down by 1.08% and FMCG down by 0.85% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Kotak Mahindra Bank up by 1.55%, Adani Ports and Special Economic Zone up by 1.38%, Tata Steel up by 1.18%, Sun Pharma up by 0.65% and Bharti Airtel up by 0.61%. On the flip side, Titan Company down by 2.36%, HCL Technologies down by 2.03%, Infosys down by 1.79%, Bajaj Finance down by 1.75% and Hindustan Unilever down by 1.34% were the top losers. (Provisional)

Meanwhile, with an aim to increase two-way commerce to $200 billion by 2032, India and the UAE have agreed to take steps for the timely implementation of initiatives relating to settlement of trade in local currencies, integration of payment and messaging systems, and central-bank digital currencies. The commerce and industry ministry said these initiatives have the potential to make bilateral trade and investment more efficient, accessible and resilient. This was discussed during the 14th meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI). Commerce and Industry Minister Piyush Goyal and Managing Director of Abu Dhabi Investment Authority (ADIA) Sheikh Hamed bin Zayed Al Nahyan co-chaired the meeting.

Goyal said that the settlement of trade in local currency it is picking up and is now in double digits as exporters are gradually coming to fully understand its benefits. In the system, Indian exporters get paid in rupees and imports from UAE are paid in Dirham (AED). He noted “The benefit of this is that, periodically - say, every three or six months - we can convert the accumulated holdings of each other's currencies into USD...it can be converted into the international dollar currency on a regular basis”. He added that the two sides have identified six areas to increase cooperation, which include ship ownership, development of modern ports, manufacturing of ships, repair and maintenance of ships, ship breaking, and container manufacturing. He said “In these six areas, we'll set up a working group between the two countries... These six put together provide tremendous opportunity for both countries to learn from each other's experiences”.

The bilateral trade has reached $101.25 billion in 2025-26. The non-oil trade touched $76.2 billion last year. The two nations have implemented a Comprehensive Economic Partnership Agreement (CEPA) in May 2022. In August 2024, both partners implemented a bilateral investment treaty (BIT) with the aim of protecting and promoting investments. Goyal said “The CEPA is now four years old. We have doubled our bilateral trade to $100 billion and have set an ambitious target to double it to $200 billion by 2032”.

The CNX Nifty ended at 22716.20, down by 64.05 points or 0.28% after trading in a range of 22569.65 and 22753.25. There were 17 stocks advancing against 32 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gainers on Nifty were Adani Enterprises up by 5.01%, Adani Ports and Special Economic Zone up by 4.49%, Dr. Reddy's Laboratories up by 2.53%, Sun Pharma up by 1.47% and Infosys up by 1.22%. On the flip side, Titan Company down by 3.00%, Wipro down by 2.95%, HCL Technologies down by 2.44%, Apollo Hospital down by 2.27% and Tech Mahindra down by 2.06% were the top losers. (Provisional)

European markets were trading mostly in green; UK’s FTSE 100 increased 19.48 points or 0.18% to 10,704.36 and Germany’s DAX gained 134.48 points or 0.53% to 25,508.90, while France’s CAC fell 2.78 points or 0.03% to 8,075.70.

Asian markets ended mostly lower on Tuesday tracking Wall Street’s fall overnight. Further, concerns surrounding elevated global bond yields, rising inflation and interest rate overhang have weighed on investor sentiments. Besides, market participants remained cautious as tensions between US and Iran showed no sign of easing. Private reports indicated that Iranians are pessimist about reaching a diplomatic deal with US before the US midterm elections on November 3, 2026. However, Chinese market gained following a cabinet pledge from the State Council to step up counter-cyclical policy support. Meanwhile, trading in China remained thin ‌as it prepares for its annual National Day Golden Week holiday running from October 1 to 7, 2026.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,830.45

6.83

0.18

Hang Seng

24,523.57

-118.94

-0.48

Jakarta Composite

6,121.70

-26.16

-0.43

KLSE Composite

1,643.96

-26.06

-1.56

Nikkei 225

65,481.27

-396.35

-0.60

Straits Times

5,714.84

-14.18

-0.25

KOSPI Composite

6,870.81

-18.93

-0.27

Taiwan Weighted

47,631.96

-392.64

-0.82
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.