Archive · 29 Sep 2026
Indian Stocks Fall for Second Day as Oil Pressures Markets
Indian stock markets fell for the second day in a row on Tuesday.
The Sensex and Nifty ended lower after starting the day with much larger losses.
Investors were worried about expensive oil and uncertainty about the situation involving Iran and the wider West Asia region.
Foreign investors had also sold a large amount of Indian shares.
Higher US government bond yields and weak Asian markets added to the pressure.
Some analysts also pointed to monthly derivatives expiry and reduced global risk appetite.
The rupee weakened slightly against the US dollar.
A few companies gained, including Adani Ports and Sun Pharma, while several others lost value.
The Sensex fell 242.65 points, or 0.33%, to 72,529.07, while the Nifty declined 64.05 points, or 0.28%, to 22,716.20.
The benchmarks opened sharply lower, with the Sensex down 503 points and the Nifty 151 points, before recovering from their intraday lows.
Elevated crude prices, uncertainty over the West Asia situation, firm US Treasury yields and foreign fund outflows weighed on sentiment.
Foreign Institutional Investors sold equities worth Rs 5,353.22 crore on Monday, while the rupee opened two paise weaker at 96.00 per US dollar.
Adani Ports, Sun Pharma, Tata Steel and Kotak Mahindra Bank gained, while Titan, HCL Tech and Tata Consultancy Services were among the major laggards.
- Who
- Indian equity benchmarks, domestic and foreign investors, the rupee and listed companies were involved.
- What
- The Sensex and Nifty declined for a second consecutive session, although they recovered from their opening and intraday lows.
- When
- Tuesday, September 29, following a sharp market decline on Monday.
- Where
- Indian stock markets, with Asian and US markets also showing weakness.
- Why
- Elevated crude prices, geopolitical uncertainty, higher US Treasury yields, foreign fund outflows, weak Asian cues and subdued risk appetite pressured markets.
Geopolitical and Oil Risks
Broader Market Pressures
Main cause of the decline
Geopolitical and Oil Risks
Some analysts attributed the pressure mainly to elevated crude prices, uncertainty over the West Asia and Iran-related situation, and possible supply disruptions.
Broader Market Pressures
Another analyst said crude was not the primary catalyst, emphasizing weak Asian market cues, foreign selling and subdued global risk appetite after the previous session's geopolitical shock.
Additional domestic pressure
Geopolitical and Oil Risks
Persistent foreign fund outflows, higher US Treasury yields and expectations of additional rate hikes were cited as reasons for weak investor sentiment.
Broader Market Pressures
Other commentary highlighted selling linked to the monthly futures and options expiry, while also noting that IPO fundraising was absorbing incremental liquidity.
- Sensex close
- Down 242.65 points, or 0.33%, at 72,529.07
- Nifty close
- Down 64.05 points, or 0.28%, at 22,716.20
- Sensex intraday low
- 72,064, after a fall of 707.72 points, or 0.97%
- Opening levels
- The Sensex dropped 503 points and the Nifty fell 151 points in early trade
- Foreign outflows
- Foreign Institutional Investors sold Rs 5,353.22 crore of equities on Monday
- Rupee
- Opened two paise weaker at 96.00 per US dollar, compared with 95.98 previously
- Brent crude
- Traded at USD 107.10 per barrel in early trade and later dipped to USD 105.10
- Previous session
- The Sensex fell 1,124.02 points and the Nifty declined 360.25 points on Monday
