NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on September 29

The Indian equity benchmarks are set to open lower on Tuesday, September 29, as indicated by NIFTY futures traded at Gift City in Gandhinagar. GIFT NIFTY futures declined 9 points to 22,810 amid weak cues from global cues.

The Indian equity benchmarks resumed their downward journey on Monday after a day's pause in the previous session as investor sentiment, which was already damaged tracking a surge in crude oil and rising bond yields, further took a knock after Maharashtra government declared drought in the state while expectations of a rate cut next month added to worries of investors.

The SENSEX ended 1,124 points or 1.52% lower at 72,772 and NIFTY50 index dropped 1.56% or 360 points to 22,780.

Asian markets

Asian markets were trading lower taking cues from weak closing of American markets after yield on the 10-year bond in United States surged as much as 11 basis points to 5.27%, its highest level in 19 years.

Japan's Nikkei declined 1.1%, China's Shanghai Composite dropped 0.32%, Hong Kong's Hang Seng fell 0.64% and South Korea's KOSPI index 0.5%.

Wall Street update

US stocks ended sharply lower on Monday as rising bond yields and surging oil prices revived inflation fears and bets on further rate hikes by the US Federal Reserve.

Dow Jones Industrial Average dropped 0.7%, S&P 500 index 0.77% and tech heavy Nasdaq index tumbled 0.92%.

Crude oil update

Brent crude futures rose for a second straight session on Tuesday and advanced 1.5% to $107 per barrel after as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports from the region.

US bond yields

Treasury yields have been rising for a range of reasons, from worries about inflation to Washington’s massive debt load to signs that the US economy remains solid despite its many challenges. That pressures the economy because higher yields make borrowing money more expensive for everyone, while also undercutting prices for stocks and other investments, the report added.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹5,353.22 crore on Monday while domestic institutional investors bought stocks worth ₹5,189.02 crore, as per NSE data.

FIIs have so far this month sold shares worth ₹20,695 crore taking the total quantum of selling to ₹2,45,136 crore for 2026, data from NSDL showed.