New Delhi, September 28, 2026: Indian equity markets witnessed heavy selling pressure on Monday September 28, as global concerns and domestic market weakness resulted in a sharp sell-off. The Sensex crashed by more than 1,124 points and the Nifty 50 broke below the 22,800-mark. The Nifty Bank index too was down almost 2%.
Selling was broad-based as investors turned more cautious in the face of rising crude oil prices, higher US bond yields, foreign institutional selling and geopolitical uncertainty.
Stock Market Close Today – September 28, 2026
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22,780.25 | -360.25 | -1.56% |
| Sensex | 72,771.72 | -1,124.02 | -1.52 |
| Bank Nifty | 54,471.65 | -1,108.75 | -1.99% |
The Nifty 50 hit an intraday low of 22,762.20, while the Sensex fell to an intraday low of 72,716.23.
Why Did Indian Stock Market Fall Today?
1. Crude Oil Prices on the Rise
Higher crude oil prices continued to be a major concern for Indian markets. India imports a significant portion of its crude oil requirements and a rise in global oil prices can put pressure on inflation, current account and corporate margins.
The rise in crude prices also sparked concerns among investors about its broader economic impact on India.
2. Elevated US Treasury Yields
Higher US Treasury yields also added to the pressure on emerging-market equities. Higher US yields could boost dollar assets relative to other currencies and thus influence global capital flows.
Consequently, investors shied away from riskier assets such as emerging-market stocks.
3. FII selling and geo-political uncertainty
Sentiment was further weighed down by sales from foreign institutional investors and ongoing geopolitical concerns.
Foreign institutional investors sold equities worth around Rs 3,693.93 crore on Friday, while domestic institutional investors (DIIs) bought shares worth around Rs 2,838.17 crore, according to exchange data.
The India VIX also increased indicating higher market volatility and nervousness among investors.
Top Nifty 50 gainers today
The sell-off was broad-based with only three Nifty 50 stocks finishing the session in positive territory. So instead of five gainers, the table below has all the Nifty 50 stocks that ended in the green.
| Rank | Stock | Change |
|---|---|---|
| 1 | Dr. Reddy’s Laboratories | +1.67 |
| 2 | Infosys | +0.30% |
| 3 | HDFC Life Insurance | +0.11 % |
The rest of the Nifty 50 constituents closed in the red.
Top 5 Losers of The Day Nifty 50
| Rank | Stock | Change |
|---|---|---|
| 1 | Tata Motors Passenger Vehicles | -3.00 % |
| 2 | Adani Enterprises | -2.93% |
| 3 | Jio Financial Services | -2.86 pc |
| 4 | Power Grid Corporation of India | -2.84% |
| 5 | LARSEN & TOUBRO | -2.83 % |
Tata Motors Passenger Vehicles was the top Nifty 50 loser in Monday’s trade.
PSU Banks Under Pressure in Banking
Selling pressure was more visible in the banking and PSU space. The Nifty PSU Bank index slipped 3.24% while the Telecom index declined 2.3%.
Other large sectors like Energy, Infrastructure, FMCG, Realty, Private Banks, Metals and Oil & Gas also saw steep declines.
The weakness in banking stocks led to the sharp fall in the Nifty Bank index, which ended nearly 2% lower.
What should investors watch for?
Market participants will be eyeing crude oil prices, US Treasury yields, foreign institutional investor flows and geopolitical developments for further direction.
The selling pressure on the market was also visible in Monday’s session as 47 of the 50 Nifty constituents ended in the red.
Investors will seek cues from global markets and institutional buying in the upcoming sessions going ahead.
MarketSustain Disclaimer: This article is for general market information and educational purposes purposes only. It is not investment advice, a recommendation to buy or sell any security, or a promise of future market performance. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
