{"id":273237,"date":"2026-09-28T10:09:40","date_gmt":"2026-09-28T04:39:40","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=273237"},"modified":"2026-09-28T10:09:40","modified_gmt":"2026-09-28T04:39:40","slug":"nifty-below-23000","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-below-23000\/","title":{"rendered":"Nifty Slips Below 23,000 as Sensex Tests Its Support Zone: What Drove the Selloff and What to Watch"},"content":{"rendered":"

Nifty at 22,917.80, down 0.96%. Sensex 73,199.91, down 0.94%. 2,080 stocks fell vs 1,105 advanced. Yes Bank -3.78%, Union Bank -2.28%. Brent near $106.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Nifty below 23,000 is the headline of Monday’s open, with the Nifty 50 at 22,917.80, down 222.70 points, and the Sensex at 73,199.91, down 695.83 points, at 9:25 AM IST. The selling was broad, with 2,080 stocks declining against 1,105 advancing, and it was led by banks, metals and financials after Brent crude rebounded to about $106 on stalled US-Iran talks. The Sensex is now sitting at the bottom of the 73,200 to 73,450 support zone that technical analysts had flagged before the open.<\/p>\n<\/div>\n

Indian equities opened sharply lower on 28 September 2026, extending a seven-week losing streak that is the longest for the benchmarks since 2020. The Sensex closed Friday at 73,895.74, and a fresh jump in oil prices and US bond yields pushed the benchmarks lower from the first minutes of trade.<\/p>\n

Hindalco, Grasim, Bajaj Finance, Shriram Finance and Hindustan Unilever were among the biggest Nifty losers, while Coal India, Dr. Reddy’s Laboratories, Tata Consultancy Services and SBI Life Insurance were the main gainers. That split shows where money is hiding: energy, pharma, large IT and insurance, and away from banks, metals and rate-sensitive lenders.<\/p>\n

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