{
  "id": 10610847,
  "title": "Sensex And Nifty Begin Trading On A Muted Note, Weak Global Markets And Rising Crude Oil Prices Keep Investors Cautious",
  "url": "https://urgent.news/2026/09/29/sensex-and-nifty-begin-trading-on-a-muted-note-weak-global-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T04:22:42.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/sensex-and-nifty-begin-trading-on-a-muted-note-weak-global-markets-and-rising-crude-oil-prices-keep-investors-cautious"
  },
  "original_language": "en",
  "account": "Mumbai: Indian shares started the trading day on a subdued note on Tuesday due to higher crude oil prices and a lackluster performance in global markets, prompting cautious behavior among investors. The Sensex started at 72,633.68, slipping 138.04 points, or 0.19 percent, while the Nifty opened at 22,732.45, down by 47.80 points, or 0.21 percent. Various sectors experienced a decline in early trade, with companies in the auto, FMCG, consumer durables, metal, and chemical sectors witnessing a drop of up to 0.64 percent. Pharmaceutical and healthcare stocks provided a ray of hope, with their indices rising by nearly 1 percent. Nevertheless, crude oil prices above $107 added to market concerns, leading the Sensex to plunge 1,124 points and the Nifty falling 1.56 percent. PSU banks also suffered losses. Analysts attributed the unfavorable global backdrop for equities to the rising crude prices, Brent crude trading at $106.87, up more than 1 percent, and US West Texas Intermediate reaching $93.99, up over 1 percent. Additionally, the US 10-year bond yield of 5.23 percent was cited as a disheartening factor. Experts noted that attractive valuations in some large-cap growth stocks might still present potential opportunities for long-term investors. The near-term outlook for the Indian market appeared bearish, with analysts citing Nifty's dip below 23,000 and derivatives positioning indicating heightened caution. Support was identified at 22,650-22,700, while resistance was noted at 22,950-23,000. Foreign institutional investors sold Indian equities worth over ₹5,353 crore on Monday, marking the third consecutive day of net selling, according to provisional exchange data. However, domestic institutional investors partially offset the outflow with net purchases of ₹5,189 crore. The weakness was not confined to India, as Japan’s Nikkei, Hong Kong’s Hang Seng, and South Korea’s KOSPI also saw a decline of up to 1 percent in early trade. On Monday, the S&P 500 closed 0.77 percent lower, while the Nasdaq dropped 0.92 percent. Investors are now keeping a watchful eye on whether domestic buying could provide a buffer against further selling as crude prices and global yields remain elevated.",
  "summary": "Mumbai: Indian equities opened on a subdued note on Tuesday as rising crude oil prices and weak global markets kept investors cautious. The Sensex opened at 72,633.68, down 138.04 points, or 0.19 per cent. The Nifty began at 22,732.45, lower by 47.80 points, or 0.21 per cent. Auto and FMCG Shares Slip Selling was visible across several sectors in morning trade. Nifty Auto, Media, FMCG and Cement…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Sensex, Nifty50 Slip As Global Oil Prices Fuel Inflation Fears",
        "url": "https://urgent.news/2026/09/29/sensex-nifty50-slip-as-global-oil-prices-fuel-inflation-fears",
        "published": "2026-09-29T05:10:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}