Market Close Report Today, September 29, 2026: Nifty, Sensex Continue To Decline As Middle East Keeps Investors On Edge

Mumbai, September 29: Indian equity benchmarks ended lower for a second consecutive session on Tuesday, with the Nifty settling below 22,750 on the monthly expiry day as elevated crude oil prices, weak global cues and continued uncertainty over the US-Iran conflict kept investors cautious. 

The Sensex fell 242.65 points, or 0.33%, to close at 72,529.07, while the Nifty declined 64.05 points, or 0.28%, to 22,716.20. The benchmarks recovered from deeper losses earlier in the session. 

Oil prices, global yields weigh on sentiment 

Brent crude rose around 1.5% to $107 a barrel, extending gains as concerns over potential disruptions to Middle East energy supplies outweighed signs of recovering crude exports from the region. Crude exports from major Middle Eastern producers rose to 12.8 million barrels per day in September, the highest since February, but much of the additional supply was being moved through less efficient and more costly shipping arrangements. 

Higher oil prices remain a key concern for India, one of the world’s largest crude importers, as they can raise the import bill, widen the trade deficit and put pressure on inflation, economic growth and corporate margins. 

Global bond yields added to the pressure on equities. The US 10-year Treasury yield had risen to its highest level since July 2007, weighing on risk appetite and contributing to broad-based selling in Indian equities. 

Auto, IT, consumer durables decline 

Market breadth remained weak, with 1,871 shares advancing against 2,321 declines, while 164 stocks ended unchanged. 

The Nifty Midcap index declined 0.6%, while the Nifty Smallcap index fell 0.8%, showing that selling pressure extended beyond the benchmark stocks. 

Sectorally, media, metal and pharma were the only indices to finish higher. Auto, information technology and consumer durables declined more than 1% each, while most other sectoral indices also ended in the red. 

Titan Company, Eternal, HCL Technologies, HDFC Life and Infosys were among the biggest Nifty losers. Dr Reddy’s Laboratories, NTPC, Tata Steel, Adani Enterprises and Adani Ports were among the prominent gainers. 

Benchmarks extend previous session’s losses 

The decline came a day after the Sensex and Nifty fell more than 1.5% each, with rising oil prices and geopolitical uncertainty triggering a broad sell-off. 

Earlier on Tuesday, the Nifty was down as much as 0.9% and the Sensex 0.9%, taking both benchmarks close to their lowest levels since early April. Fourteen of the 16 major sectoral indices were in the red in early trade, while financials, banks and IT stocks came under pressure. 

With crude remaining elevated and uncertainty over the Middle East conflict unresolved, investors continued to monitor oil prices, the rupee, global bond yields and foreign fund flows for further direction. 

Source

• NSE
• BSE