- September 23, 2026
Markets Today: Sensex Opens 139 Points Higher, Nifty Above 23,350; Oil Prices, Global Cues In Focus
Last Updated:
At 9:16 am, the Sensex rises 139.36 points, or 0.19%, to 74,668.44, while the Nifty trades at 23,365.75, up 0.16%.
Stock Market Today.
Stock Market Today, September 23: The domestic equity markets opened higher on Wednesday, September 23, tracking positive global cues and easing crude oil prices. At 9:16 am, the Sensex rose 139.36 points, or 0.19%, to 74,668.44, while the Nifty was trading at 23,365.75, up 0.16%.
The broader market also started on a positive note, with Nifty Next 50 rising 0.39%, Nifty Midcap 100 gaining 0.26% and Nifty Smallcap 100 advancing 0.39%.
Markets are taking cues from firm Asian equities and a decline in crude oil prices amid reports of improving Middle East supply prospects. Brent crude was below the $100-a-barrel mark, while WTI crude was around $90 a barrel, according to the market outlook.
South Korea’s KOSPI gained more than 1%, while Asian equities broadly maintained a positive bias. Japan’s Nikkei market remained closed for a holiday.
For India, softer crude prices offer some relief on the macroeconomic front given the country’s dependence on imported energy. However, continued foreign investor selling and uncertainty surrounding the Middle East remain key risks for domestic equities.
Sectoral trends were mixed in early trade. Nifty Metal was among the stronger performers, rising 0.87%, while Nifty PSU Bank gained 0.44% and Nifty Realty advanced 0.46%. Nifty Financial Services and Nifty Private Bank were also higher.
On the other hand, Nifty IT fell 0.36%, while Nifty Media declined 0.13% and Nifty Pharma slipped 0.10%.
V K Vijayakumar, chief investment strategist at Geojit Investments Ltd, said, “The structure of the market in recent days has been technically weak with a downward bias. If this market construct is to change there should be some significant triggers. A sharp dip in crude prices can provide that trigger. But that is not happening even though Brent crude has dipped below $99. Another positive trigger can come from a dip in US bond yields. But that is unlikely in the present macro scenario of high inflation, particularly in the developed countries. In brief, these two factors – high crude prices and elevated bond yields- will constrain a rally in the market.”
He added that domestic liquidity is supporting the broader market. Market activity is now focused on the broader market. Good growth and better growth prospects are attracting investment into many mid-and small-caps. But valuations in these segments are getting stretched.
“This trend has created a dichotomy in valuations- attractively valued large-caps coexisting with highly valued mid-and small-caps. Experience tells us that reversion to mean is inevitable, but its timing is hard to predict,” Vijayakumar said.
Quick Answers
Ask News18The domestic equity markets opened higher on Wednesday, September 23, 2026, tracking positive global cues and easing crude oil prices. At 9:16 am, the Sensex rose 139.36 points to 74,668.44, while the Nifty was trading at 23,365.75, up 0.16%.
Ask News18About the Author
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, w…Read More
September 23, 2026, 09:22 IST
Read More
