Sensex, Nifty fall 659 and 196 points on September 29 as crude, yields, FII selling weigh

Indian stock markets fell sharply on Tuesday, September 29, with the Sensex dropping 659 points and the Nifty falling 196 points in early trade, driven by multiple global and domestic pressures. The decline was broad-based, hitting banking, auto, oil, IT, and metal stocks, while the India VIX volatility index surged 7.13%. Key factors include crude oil prices near $107 per barrel amid US-Iran tensions, elevated US Treasury yields around 5.24%, and continued foreign investor selling of Indian equities. The sell-off follows seven consecutive weekly losses for the Nifty, with weak Asian and US markets adding pressure. Tuesday also marked the monthly derivatives expiry, which contributed to heightened intraday volatility and amplified price movements.