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Below the Quote On market selling pressure by Sachin Gupta  VP – Research  Choice Broking

Indian equity markets came under renewed selling pressure on Monday, September 28, 2026, with the Sensex breaking below the key 73,300 support level and the Nifty slipping below the crucial 23,000 mark. The breakdown of these technical levels has further weakened investor sentiment and increased selling pressure.

A major concern is the rise in Brent crude oil, which is trading above $103.445 per barrel, up around 1.5%. Higher crude prices are negative for India because of its significant dependence on imported oil. Rising energy costs can increase the import bill, pressure the rupee and contribute to inflationary risks.

Another important factor is elevated global bond yields. Higher US Treasury yields can make dollar-denominated fixed-income investments relatively more attractive and increase global borrowing costs, potentially reducing foreign investment flows into emerging markets.

Foreign institutional investor (FII) selling is adding to the pressure, while continued geopolitical uncertainty, particularly around the Middle East, is keeping investors cautious.

From a technical perspective, the breach of Sensex 73,300 and Nifty 23,000 is significant and may result in further volatility if these levels are not reclaimed.

Overall, higher crude prices, elevated bond yields, FII outflows, geopolitical uncertainty and the breakdown of key technical supports are currently weighing on Indian equities.

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