Although the benchmark indices opened lower, they traded on a negative note throughout the session and ultimately closed red.
Indian equity benchmark indices, Sensex and Nifty50, ended lower 1% as bond yields surged to 19-year highs, along with other factors that spooked investors.
At the closing bell, the BSE Sensex closed 1,248 points lower (down 1.6%)
Meanwhile, the NSE Nifty closed 383 points lower (down 1.6%)
Bajaj Finance, Axis Bank, Trent on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,111 with 334 points lower at the time of writing.
The BSE 150 Midcap index is trading 2.1% lower and the BSE 250 SmallCap index is trading 1.2% lower.
Baring IT sector all other sectoral indices were trading negative today with stocks in insurance sector and telecommunication sector witnessed selling pressure.
5 reasons why Indian share markets are falling:
#1 Bond Yields Rise
Global bond yields rose sharply, making safer investments more attractive compared with equities. Higher yields can put pressure on emerging markets like India as investors become more cautious about taking risks.
#2 Oil Prices Remain High
Brent crude prices remained above $102 per barrel despite easing slightly today. High oil prices can increase inflation and raise concerns about higher costs for oil-importing countries like India.
#3 Expectations of Fed Rate Hike Rise
Investors are increasingly expecting the US Federal Reserve to raise interest rates as higher oil prices add to inflation concerns. Higher US rates can also reduce the attractiveness of emerging-market equities.
#4 Banking and Financial Stocks Drag
Banking and financial stocks faced heavy selling after IRDAI proposed changes to insurance commission rules. Several major financial stocks declined sharply, weighing on the broader market.
#5 Foreign Investor Selling Remains a Concern
Foreign investor flows continue to remain a concern for Indian equities despite some buying in the previous session. While the recent buying offered some support, sustained foreign selling remains a key concern for the market.
The rupee is trading at Rs 95.9 against the US$.
Gold prices for the latest contract on MCX are trading 0.6% lower at Rs 1,50,357 per 10 grams.
Meanwhile, silver prices were trading 1.18% lower at 2,33,121 per 1 kg.
Exide Energy Commissions Lithium-Ion Cell Facility
Exide Energy Solutions Limited (EESL), a material subsidiary of Exide Industries, has commissioned Phase-I of its 6 GWh lithium-ion cell manufacturing facility in Devanahalli, Bengaluru, Karnataka, on 23 September 2026.
The facility will manufacture advanced lithium-ion cells using multiple chemistries and form factors. These cells will cater to various mobility and energy storage applications.
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India.
GHCL Declared Preferred Bidder for Limestone Block in Gujarat
GHCL has been declared the Preferred Bidder by the Commissioner of Geology and Mining, Government of Gujarat, for the grant of a Composite License for the Kadaya Limestone Block in Junagadh district, Gujarat.
The license was awarded through a competitive e-auction process. The Kadaya block covers an area of 6.8797 hectares and has an estimated limestone mineral reserve of 5,67,337 metric tonnes.
The grant of the Letter of Intent (LOI) is subject to GHCL submitting the required performance security within 45 days of being declared the Preferred Bidder.
The company said that the promoter or promoter group has no interest in the government authority that awarded the block.
The development is expected to support GHCL's access to limestone resources, an important raw material for its operations.
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