{
  "id": 6239431,
  "title": "Dalal Street Starts On A Weak Note, Sensex and Nifty Slip As Rising Crude Oil, IT and Auto Stocks Weigh",
  "url": "https://urgent.news/2026/09/08/dalal-street-starts-on-a-weak-note-sensex-and-nifty-slip-as-rising",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T04:20:36.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/dalal-street-starts-on-a-weak-note-sensex-and-nifty-slip-as-rising-crude-oil-it-and-auto-stocks-weigh"
  },
  "original_language": "en",
  "account": "Mumbai: The Indian stock markets commenced lower on Tuesday, September 8, as surging crude oil prices, declining IT and auto stocks, and apprehensions over a potential US Federal Reserve rate hike dampened investor confidence. The Nifty 50 initiated the day 36.05 points, or 0.15%, lower at 23,743.10, while the BSE Sensex fell more than 150 points, or 0.21%, to 75,970.28 in early trading. Sectorally, IT and auto stocks were the primary drivers of the decline, with Nifty IT and Nifty Auto recording the steepest losses, declining by nearly 1% in the initial deals. Nifty Oil & Gas witnessed a 0.48% drop, and Nifty Private Bank slipped 0.39%. Conversely, Nifty Metal made a notable rebound, gaining 0.45%. Indian equities have endured a five-week bearish trend, driven by elevated crude oil prices, sagging IT stocks, concerns about a US Federal Reserve rate hike, and liquidity being drawn into a busy IPO market. Despite the downward trajectory, experts anticipate that robust fundamentals in large-cap stocks could present opportunities for long-term investors. On the technical side, Nifty's resistance level is forecasted at 23,860, while the immediate downside threshold is 23,720, which, if breached, may propel the benchmark towards the subsequent support levels of 23,570 and 23,260. Sensex and Nifty commenced the trading session in the red, with analysts recommending that investors consider bolstering their holdings in fundamentally strong large-cap stocks over attempting to anticipate short-term market fluctuations. Crude oil prices contributed to the market pressure, as Asian markets traded mixed amid uneven regional economic data and heightened geopolitical tensions in the Persian Gulf. The situation has intensified concerns about possible oil supply disruptions, exacerbating inflation worries and uncertainties surrounding the US Federal Reserve's interest rate policy.",
  "summary": "Mumbai: Indian stock markets opened lower on Tuesday, September 8, as rising crude oil prices and selling in IT and auto stocks weighed on investor sentiment. Concerns over a possible US Federal Reserve rate hike this month also kept traders cautious. The Nifty 50 opened 36.05 points, or 0.15%, lower at 23,743.10, while the BSE Sensex dropped more than 150 points, or 0.21%, to 75,970.28 in early…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}