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Benchmarks likely to make cautious start amid rising oil prices
Sep-29-2026

Indian equity markets are likely to make a cautious start on Tuesday, amid rising oil prices and a lack of clarity surrounding U.S.-Iran peace negotiations. Sentiments may remain subdued as foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 5,353.22 crore on Monday.

Some of the key factors to be watched:

India’s industrial growth rises to 8.0% in August: The Ministry of Statistics and Programme Implementation (MoSPI) in its quick estimates has shown that industrial growth rose to 8.0 percent in the month of August 2026 (Base 2022-23=100) from a revised growth of 7.4 percent in July 2026 led by robust growth in manufacturing and electricity generation.

Sitharaman meets Jordan minister, discusses strengthening bilateral cooperation: Finance minister Nirmala Sitharaman met Jordan Minister of Planning and International Cooperation Zeina Zeid Toukan and discussed strengthening bilateral cooperation.

Goyal to visit US for G20 meet, hold trade pact talks with Greer: The commerce ministry said that commerce and Industry Minister Piyush Goyal will visit the US from September 29 to October 5 to attend a G20 meeting in Milwaukee and hold discussions with United States Trade Representative Jamieson Greer on advancing talks for the bilateral trade agreement.

India, UAE to step up local currency trade, payment system integration: The commerce and industry ministry said that India and the UAE have agreed to take steps for the timely implementation of initiatives relating to settlement of trade in local currencies, integration of payment and messaging systems, and central-bank digital currencies, as both sides aim to increase the two-way commerce to $200 billion by 2032.

India's exports up 15% till September 21 this fiscal: Commerce and Industry Minister Piyush Goyal said that India's merchandise exports have risen 15 per cent till September 21 during this fiscal year despite global economic uncertainties triggered by the ongoing wars.

Global front: The US markets ended in red on Monday as uncertainty over U.S.-Iran talks outweighed the restart of oil flows through Saudi Arabia’s East-West pipeline. Asian markets are trading lower on Tuesday, tracking broadly negative cues from Wall Street overnight.

Back home, Indian equity benchmarks ended sharply lower on Monday, with the Sensex and Nifty falling over one and half percent each as the escalating Iran-US conflict pushed oil prices and bond yields higher, spooking investors. Pressure on the rupee along with foreign fund outflows also hit investors' sentiment. Traders remained on sidelines ahead of the month-end expiry of the Nifty and Bank Nifty contracts on Tuesday. Finally, the BSE Sensex fell 1124.02 points or 1.52% to 72,771.72 and the CNX Nifty was down by 360.25 points or 1.56% to 22,780.25. 

Some of the important factors in trade:

El Nino threatens rabi crops in rainfed areas, may affect foodgrain output: Agriculture Secretary Atish Chandra said the upcoming rabi (winter) season is likely to be challenging for rainfed areas due to the El Nino weather pattern, and foodgrain production could be affected.

FDI equity inflows in India rises 6% to $19.81 billion in Q1FY27: The Department for Promotion of Industry and Internal Trade (DPIIT) data has shown that foreign direct investment (FDI) equity inflows in India rose 6 per cent to $19.81 billion in April-June quarter (Q1) of current fiscal year 2026-27 (FY27).

India can achieve over 10% economic growth with greater technology adoption: Stressing the need for greater adoption of technology and innovation across sectors, Union Finance Minister Nirmala Sitharaman has expressed confidence that India could achieve economic growth of more than 10 per cent.

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