Stock Market Open Report Today, September 23, 2026: Sensex, Nifty Open Higher as Iran Hints at Reopening of Strait of Hormuz Within Days If US Eases Military Pressure

Mumbai, Sep 23: Mumbai, Sep 23: Indian markets kicked off trading on a higher note today as the global markets remained stable with some volatility. Global sentiment was driven by the ongoing 7-month war between Iran and tensions around the UN meeting. Sensex opened at 74672.65 which is 143.57 points higher i.e 0.19% higher. Nifty 50 opened at 23378.00 which is 49.00 points higher i.e 0.21% higher at 9.27 AM. The two benchmark indices recovered from Tuesday’s losses where both closed in negative territory due to decline in stocks from information technology, financials and capital goods sectors.  

The global markets remained volatile as US and Iran are going at each other with strong verbal statements. But there are ongoing talks to end the war. US President Donald Trump stated that he will annihilate Iran if they don’t reach a deal to stop the war. But also mentioned that a deal can be reached anytime soon. “I have a big decision to make”   

Trump said in a speech at the UN General Assembly in New York, laying out the stark choice between letting Iran “rebuild and create a far greater country than it ever was before” or moving to end the Islamic Republic “quickly”. The remarks, delivered even as US and Iranian mediators held extended talks on the sidelines of the UN gathering, have kept energy markets and, by extension, import-dependent economies like India on edge, given crude oil’s outsized influence on the country’s inflation and current account arithmetic. 

An official from Iran spoke to Reuters that they may reopen the Strait of Hormuz within days. If the US stops applying military pressure on them and lifts the blockade. They have already sent their offer to the US through mediators and if accepted can open the Strait of Hormuz within 7 days. The strait was used to transport about a fifth of the world’s oil and gas before the war broke out. So this could cause oil prices to drop which may effect stock prices here on Dalal street.  

Gainers & Losers   

Top 5 gainers were Bajaj Finance(BAJFINANCE) which rose by 2.23% at LTP of Rs 1031.3. Previous closing price was Rs 1008.8.  Bajaj Finserv(BAJAJFINSV) was second on the list rising 1.96% at LTP of Rs 1859.2. It closed at Rs 1823.4 yesterday.  Larsen & Toubro(LT) gained by 1.18% at Rs 3912. From Rs 3866.4 yesterday.  Hindalco(HINDALCO) closed higher by 1.16% at Rs 984.3. From Rs 973 yesterday.  Last on the list was Shriram Finance(SHRIRAMFIN) which was up 1.06% at Rs 1016.7 from yesterday’s closing price of Rs 1006.  

Information Technology stocks and some Financial stocks were among the losers. Wipro(WIPRO) topped the list falling by 0.66% at Rs 164.91. Previous close was at Rs 166.  Tata Consultancy Services(TCS) fell by 0.6% to Rs 2092.4 from previous close of Rs 2105. ONGC was third on the list dropping by 0.59% at Rs 234.74. Previous close was Rs 236.13.  Infosys(INFY) closed down by 0.57% at Rs 1023.5 from previous close of Rs 1029.4. SBI Life Insurance(SBILIFE) was last on the list falling by 0.4% at Rs 1749.2. Previous close was Rs 1756.3.   

Broader Market & Sectoral Indices   

Most of the broader market indices were green in early trade. Nifty 100 was up by 0.37%, Nifty 500 was up by 0.36% and Nifty Midcap 100 was up by 0.28%. On the sectoral front, Nifty Metal was the only index to show significant gains. Rising by 1.03%.  Nifty Realty was up by 0.37%.  Nifty IT was down by 0.25%.  Driven by the fall in stocks such as TCS, Wipro etc.  

Asian Markets   

Asian markets were open on Wednesday with mixed results. Nikkei rose by 1.38% at 65018.95.  Kospi was up by 0.1%.  Hang Seng fell by 0.8% and Malaysian benchmark was down by 0.13%. Markets followed the trend from overnight US trading and news around the Iran situation.  

US Markets  

US markets were closed on Tuesday.  On Monday, the Nasdaq 100 was up 250.04 points or 0.82%. Russell 2000 was up by 0.51%.  NYSE composite index was down 0.24% and Dow jones transportation average fell by 0.42%.  

Oil Prices   

Crude oil prices fell on Tuesday.  WTI crude oil fell by 0.96% at USD 89.65. Brent crude was down by 0.58% at USD 98.67. Natural gas rose by 1.85% at USD 3.020. Heating oil plunged by 3.08%.  Prices declined as Saudi Arabia resumed oil production through the East-West Pipeline.  

Iran War   

News surrounding the Iran War continues to effect global markets. With Trump stating that he could annihilate Iran and there being talks of a deal being reached soon. Traders will keep an eye on the war as the midterm elections approach in the US. Iran’s armed forces called it propaganda and stated that they are fully prepared to strike back at the aggressors with more devastating and unexpected attacks. US mediator Steve Witkoff stated that the US and Iran had lengthy talks throughout the day and hopes it will be constructive and lead to something positive. There has been talk of Iran opening the strait of Hormuz if the US eases military pressure on them. Which can lower crude oil prices and help stock prices on Dalal street.  

Indian markets closed lower on Tuesday.  Sensex fell by 329.91 points or 0.44% at 74529.08. Nifty fell by 85.30 points or 0.36% at 23329. Top losers were Bajaj Finserv, Trent, Bajaj Finance, Sun Pharma, Tata Consultancy Services and UltraTech Cement. While Eternal, InterGlobe Aviation, Titan and Tata Steel were up. FIIs sold stocks worth Rs 576.20 crore.   

Sources

• NSE
• BSE
• https://www.reuters.com/world/middle-east/tehran-hints-hormuz-talks-with-us-leaders-gather-un-2026-09-22/
• https://www.cnbc.com/markets/us-markets/
• OilPrice.com
• https://app.originality.ai/home/scan/56449680