Archive · 7 Sep 2026
Sensex, Nifty Open Lower Amid IPO Rush, Middle East Tensions
India’s main stock market indexes started Monday slightly lower.
The Sensex and Nifty 50 both fell by less than one-tenth of one percent.
Investors are worried that many new IPOs could attract money away from existing stocks.
Eleven mainboard IPOs are expected to enter the market this week.
More large IPOs are also expected later in the month.
Tensions between the United States and Iran near the Strait of Hormuz have pushed crude oil prices higher.
Higher oil prices can create concerns for India because it imports crude oil.
Analysts said the Nifty may face more pressure if it falls below the 23,800 level.
Sensex opened 69.38 points, or 0.09%, lower at 76,446.05.
Nifty 50 fell 14.55 points, or 0.06%, to 23,883.15.
Nifty Media and Nifty IT led early sectoral declines, falling 1.26% and 1.15%.
Eleven mainboard IPOs scheduled this week raised concerns about liquidity leaving the secondary market.
Higher crude prices, linked to United States-Iran tensions near the Strait of Hormuz, pressured sentiment.
- Who
- Indian equity benchmarks, including the Sensex and Nifty 50, and market investors.
- What
- The benchmarks opened marginally lower as IPO activity and Middle East tensions weighed on market sentiment.
- When
- Monday’s opening trade.
- Where
- Indian stock markets; the report is datelined Mumbai.
- Why
- A busy IPO calendar may absorb liquidity, while higher crude prices linked to United States-Iran tensions raised concerns about supply disruptions.
- Sensex opening
- 76,446.05, down 69.38 points or 0.09%
- Nifty 50 opening
- 23,883.15, down 14.55 points or 0.06%
- Leading decliners
- Nifty Media fell 1.26% and Nifty IT declined 1.15%
- IPO activity
- Eleven mainboard IPOs are scheduled for the week
- Nifty support
- 23,800
- Nifty immediate resistance
- 23,960
- Further downside level
- 23,570 if selling pressure increases
