Sensex Prediction for Tomorrow, 29 September 2026: Bulls Need 73,200 After a 1,124-Point Slide
- September 28, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Quick Answer: The Sensex prediction for tomorrow, Tuesday 29 September 2026, stays cautious after the index fell 1,124.02 points to 72,771.72, near its lowest level since early April. Support sits at 72,500 and 72,000, while resistance is at 73,200 and 73,700, the latter close to Monday’s high. Crude oil above 100 dollars and steady foreign selling remain the main pressure points. A short week with a Thursday expiry and a Friday holiday may keep traders cautious.
The Sensex lost 1.52 percent on Monday, erasing Friday’s 0.41 percent gain and more. It opened near 73,735, touched a high of 73,740.85 and slid steadily to a low of 72,716.23.
Kunal Singla, Associate Director at Univest, is watching whether the Sensex can reclaim 73,200 on any bounce, since that would recover more than a third of Monday’s fall. Ankit Jaiswal, Senior Research Analyst, is tracking heavyweight banks and Reliance Industries for signs of stabilisation.
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How the Sensex Traded on Monday
| Metric | Monday, 28 September 2026 |
|---|---|
| Open | 73,734.83 |
| High | 73,740.85 |
| Low | 72,716.23 |
| Close | 72,771.72 |
| Previous close | 73,895.74 |
| Change | Down 1,124.02 points, or 1.52 percent |
The index never recovered its opening levels and closed within about 56 points of its day low. The Nifty 50 fell a similar 1.56 percent, and the Sensex reached its lowest level since early April, so this was a broad move rather than a Sensex-specific one. By midday, the market capitalisation of BSE-listed companies had fallen by roughly Rs 7.5 lakh crore.
Sensex Levels for Tomorrow
| Trend | Support Levels | Resistance Levels |
|---|---|---|
| Weak, Watching for a Bounce | 72,500 and 72,000 | 73,200 and 73,700 |
The first support at 72,500 is about 270 points below Monday’s close, so the index has a little room before it is tested. The 72,000 mark is a round-number zone that could attract buyers if selling extends. On the upside, 73,200 is the first recovery target, with 73,700 marking Monday’s opening zone.
Derivatives data supports the cautious read. The Sensex put-call ratio was approximately 0.73, meaning more calls than puts are outstanding, and the weekly contract expires on Thursday, 1 October.
The Short Trading Week and What It Means
- Tuesday, 29 September: Monthly F&O expiry for Nifty 50, Bank Nifty and stock derivatives, which can move the Sensex through its heavyweights.
- Thursday, 1 October: Sensex weekly expiry on BSE, the last trading day of the week.
- Friday, 2 October: NSE and BSE closed for Mahatma Gandhi Jayanti, so positions carried past Thursday stay open through a long weekend.
A long weekend can make traders reluctant to hold leveraged positions, which tends to thin out participation late in the week. That is one reason Kunal Singla suggests sizing conservatively.
Sensex Heavyweights to Watch Tomorrow
Univest’s desk is flagging five index heavyweights across IT, banking, energy and pharma. These are not buy calls, and each should be checked against your own risk plan before acting.
| Stock | Monday’s Move | What to Watch Tomorrow |
|---|---|---|
| Tata Consultancy Services | Slipped 0.54 percent to Rs 2,070.70 | Ankit Jaiswal flags it as a relatively steady index weight; watch whether Nifty IT keeps holding up. |
| Infosys | Rose 0.30 percent to Rs 1,003.20 | One of the few frontline names to close higher; watch whether it defends the Rs 1,000 mark. |
| ICICI Bank | Fell 1.87 percent to Rs 1,302.00 | A key private bank weight; watch whether it holds near Monday’s low of Rs 1,300. |
| Reliance Industries | Fell 2.32 percent to Rs 1,197.60 | Watch its reaction to crude; a further rise in oil can weigh on the stock and the Sensex together. |
| Sun Pharmaceutical Industries | Eased 0.77 percent to Rs 1,838.00 | A defensive index weight that fell less than the market; watch for continued relative strength. |
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Macro Triggers Behind the Sensex Move
- Brent crude is trading around 105 to 106 dollars after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz.
- The US 10-year Treasury yield has been running above 5 percent, which raises the return foreign funds can earn elsewhere.
- The rupee is near 95.8 per dollar, and foreign investors sold about Rs 17,131 crore of Indian equities in September before Monday, against steady domestic institutional buying.
- The Reserve Bank of India has been running liquidity operations, including a Rs 25,000 crore bond sale scheduled for Monday.
What Should Traders Do With This Sensex Prediction for Tomorrow?
- Use GIFT Nifty and the first 15 minutes as a filter; a gap below 72,500 would change the risk picture quickly.
- Treat 72,500 as the line to watch and 73,200 as the first sign of a genuine bounce.
- Reduce position sizes ahead of Thursday’s weekly expiry and the Friday holiday.
- Follow the heavyweights rather than the index alone, since HDFC Bank, ICICI Bank and Reliance Industries carry the largest weights.
Check live Nifty 50, Sensex and Bank Nifty levels on the Univest Screener
Risks to Tomorrow’s Sensex Outlook
- Another crude spike or a Hormuz escalation could push the index below 72,500 early in the session.
- Persistent foreign selling could keep pressure on large private banks and Reliance Industries.
- Expiry-day short covering could lift the Sensex quickly through 73,200 and invalidate the cautious stance.
- A positive West Asia headline could reverse Monday’s losses faster than the levels here suggest.
Conclusion
The Sensex prediction for tomorrow stays cautious after a 1,124.02-point fall to 72,771.72. Support at 72,500 and 72,000 is the range to watch, with 73,200 the first hurdle for any bounce. TCS, Infosys, ICICI Bank, Reliance Industries and Sun Pharma are the heavyweights on Univest’s watchlist. Levels and views are reference points rather than guarantees, and every trader should align position size with their own risk plan.
Disclaimer: Data and figures in this article are sourced from publicly available information and may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Sensex prediction for tomorrow, 29 September 2026?
Ans. The Sensex outlook for Tuesday is cautious. The index closed at 72,771.72, down 1,124.02 points or 1.52 percent, with support at 72,500 and 72,000 and resistance at 73,200 and 73,700.
How much did the Sensex fall on Monday, 28 September 2026?
Ans. The Sensex fell 1,124.02 points, or 1.52 percent, from a previous close of 73,895.74 to end at 72,771.72.
When is the Sensex weekly expiry this week?
Ans. The Sensex weekly expiry falls on Thursday, 1 October 2026, because NSE and BSE are closed on Friday, 2 October for Mahatma Gandhi Jayanti.
What is the Sensex put-call ratio after Monday’s session?
Ans. The Sensex put-call ratio stood at approximately 0.73, which means call open interest is higher than put open interest and sentiment is cautious.
Why did the Sensex fall on Monday?
Ans. Crude oil stayed above 100 dollars a barrel after the US rejected Iran’s latest proposal on the Strait of Hormuz, while foreign selling and high US bond yields added pressure.
Which Sensex stocks are flagged to watch tomorrow?
Ans. TCS, Infosys, ICICI Bank, Reliance Industries and Sun Pharma are flagged for monitoring. These are not buy calls and should be checked against your own risk plan.
