Indian benchmark stock markets declined for the third consecutive session on September 30, as investors stayed cautious amid domestic and global pressures. The 30-share BSE Sensex dropped 48.78 points, or 0.07%, closing at 72,480.29. The 50-share NSE Nifty fell 95.75 points, or 0.42%, settling at 22,620.45.
The Sensex began the day stronger, rising by 533.16 points, or 0.73%, to 73,062.23, but gains were erased by selling late in the session.
Late-session selling reflected investors' cautious stance despite earlier recovery. Key concerns included firm crude oil prices, elevated global bond yields, and ongoing foreign fund outflows. Higher crude prices increase input cost and inflation worries. Elevated bond yields reduce appeal of overseas investments and pressure emerging market equities. Continued foreign investor selling added to subdued market sentiment.
The three-day decline highlights continued volatility as traders weigh global developments and domestic factors. Investors also monitored geopolitical developments and corporate earnings updates that might influence market trends. Though buying surfaced during the day, persistent concerns and fag-end selling pushed benchmark indices lower, extending recent market weakness.
