Indian benchmark indices came under heavy selling pressure in early trade on Monday, September 28, as rising crude oil prices, geopolitical uncertainty and weak Asian markets weighed on investor sentiment.
The 30-share BSE Sensex fell 730 points to 73,170.12, while the 50-share NSE Nifty declined 231.50 points to 22,908.95 during early trading.
The sharp decline came amid concerns over higher crude oil prices and their potential impact on inflation, corporate costs and the broader economy. India’s dependence on imported crude makes movements in global oil prices an important factor for domestic markets.
Foreign fund outflows also added to the pressure on equities. Investors remained cautious as geopolitical developments continued to influence global risk sentiment.
Asian markets were also trading on a weak note, adding to the negative cues for Indian equities at the start of the week.
The market decline follows heightened volatility in recent sessions, with investors closely watching crude oil prices, global developments, foreign institutional flows and upcoming economic signals.
The Sensex and Nifty’s early losses underline the sensitivity of Indian equities to external factors, particularly energy prices and geopolitical risks.
