Stock markets fall in early trade amid persistently elevated crude oil prices, IT selling
30-share BSE Sensex declines 281.95 points to 73,316.21; 50-share NSE Nifty falls 63.15 points to 22,694.60
Mumbai markets saw declines in early trading on Tuesday, October 27, 2026, due to high crude oil prices and selling in IT stocks. The BSE Sensex, which comprises 30 companies, fell 281.95 points to 73,316.21 points, while the NSE Nifty index declined 63.15 points to 22,694.60 points. Among the 30 companies in the Sensex, major laggards included Infosys, Hindustan Unilever, Tata Consultancy Services, Asian Paints, HCL Tech and Tech Mahindra.
Brent crude, the global oil benchmark, experienced a 0.74% drop to $115 per barrel. Despite this, the U.S. 10-year bond yield remained around 4.97%, posing headwinds for the market. Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,462.49 crore on Monday, according to exchange data.
Experts suggest that the market will remain cautious due to persistently high crude oil prices and upcoming U.S. Federal Reserve policy decisions. The Fed's meeting could influence U.S. Treasury yields and the dollar, impacting foreign capital flows into emerging-market equities. While Asian markets showed mixed results, with South Korea's Kospi and Japan's 225 index trading higher, Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted lower.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
