The Indian stock market began the week on Monday, September 28, 2026, on a weaker note. Selling dominated early trading amid pressure from overseas markets, rising crude oil prices and higher US bond yields. Both the BSE Sensex and NSE Nifty opened lower, while shares across major sectors including financials, automobiles, real estate and FMCG came under pressure.
The Sensex opened 160.91 points, or 0.22 percent, lower at 73,734.83. The Nifty 50 started trading at 23,064.90, down 75.60 points, or 0.33 percent. Both benchmark indices began the new trading week amid continued weak global cues.
Selling was broad-based in early trade. Of the 50 companies in the Nifty 50, only four stocks opened higher, while 46 opened in the red. Similarly, only two of the 30 Sensex constituents began trading in positive territory, while the remaining 28 declined.
However, the opening decline does not determine the market's direction for the entire trading session, as the indices can fluctuate during the day depending on global cues and domestic buying.
Some IT stocks in the Sensex pack opened higher despite the broader market weakness. Tata Consultancy Services, or TCS, opened around 0.28 percent higher, while Tech Mahindra gained about 0.03 percent.
In contrast, Bajaj Finance opened lower, with its shares declining around 1.12 percent. Pressure in the financial sector was also visible in major stocks including HDFC Bank, Bajaj Finserv, Kotak Mahindra Bank and ICICI Bank.
In early Monday trading, HDFC Bank opened around 1.06 percent lower. Bharti Airtel declined 0.98 percent, Bajaj Finserv fell 0.94 percent and Titan declined 0.89 percent. Hindustan Unilever and L&T also opened around 0.88 percent lower.
Mahindra & Mahindra, Kotak Mahindra Bank, ICICI Bank and Reliance Industries also remained in the red. Pressure on automobile, banking and consumer-related stocks kept the market decline broad-based in early trade.
Several international factors are affecting the Indian stock market. A renewed rise in crude oil prices and elevated US Treasury yields have increased pressure on emerging markets. On Monday, Brent crude moved above $106 per barrel, while the US 10-year bond yield was reported to have reached around 5.2 percent.
Higher US bond yields can make US government securities relatively attractive to investors. This can put pressure on foreign investment flows into emerging markets such as India. Selling by foreign investors in September has also remained a challenge for market sentiment.
In the week ended September 25, both the Sensex and Nifty closed lower for the seventh consecutive week.
