Indian stocks fall as oil prices and foreign outflows weigh
Indian stock benchmarks Sensex and Nifty fell sharply in early trade on Tuesday, September 29, 2026, dragged by elevated crude oil prices and foreign fund outflows, with Sensex dropping 503 points to 72,260.09 and Nifty tumbling 151 points to 22,626.50. Major laggards on the Sensex included Bajaj Finance, HDFC Bank, Kotak Mahindra Bank, Reliance Industries, Asian Paints, and Infosys, while Sun Pharma, InterGlobe Aviation, and Adani Ports gained. Brent crude traded 1.74% higher at $107.1 per barrel amid uncertainty over the West Asia situation, and Foreign Institutional Investors offloaded equities worth ₹5,353.22 crore on Monday. Asian markets mostly traded lower, and U.S. markets ended down on Monday. The previous session saw the Sensex tank 1,124.02 points to its lowest closing level since March 30, 2026, as analysts noted persistent concerns over the US-Iran conflict and potential supply disruptions through the Strait of Hormuz.