Stock Market Today: Sensex, Nifty Fall as Oil Rises; PB Fintech, Gold, Silver, IPOs and Stocks to Watch

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Indian equities started the new week under selling pressure on Monday, with crude oil, foreign portfolio outflows, rising global bond yields and the US-Iran situation back at the centre of the market.

The sell-off comes after another weak week for domestic benchmarks. Insurance and financial stocks remain under scrutiny after proposed changes in insurance distribution economics, while PB Fintech is trying to recover after last week's fall.

Primary market activity is also busy, several stocks have dividend dates this week, and Friday will be a trading holiday.

Data note: Prices in this article are intraday snapshots and can change throughout the session. For official exchange pages, readers can check the NSE India market website and the BSE India. The latest live index snapshot used below was published at the stated time.

Stock market today: Sensex and Nifty extend losses

At around 11:00 AM, the BSE Sensex was trading at 72,892.63, lower by 1,003.11 points or 1.36%. The NSE Nifty 50 stood at 22,863.30, down 313 points or 1.35%. The fall was broad enough to keep financials, banks and several index heavyweights under pressure.

Source: Mint market dashboard, which states that its NSE feed is delayed by 15 minutes. India VIX was at 13.94, up 14.66%, while BSE Bankex was down 1.73% at 61,748.85. The rise in VIX showed that expected near-term market swings had increased during the morning session.

This makes today's fall different from a decline driven by one or two large companies. Selling is visible across indices, while oil, global yields and overseas flows are working against Indian equities at the same time.

Why is the Indian stock market falling today?

Oil is one of the main issues.

Brent crude was trading at around $106 a barrel, after rising around 1.5% as the market followed the US-Iran situation and the continued uncertainty around the Strait of Hormuz.

India imports most of the crude oil it consumes. Higher oil can increase the import bill, add to inflation pressure, affect the rupee and raise costs for sectors that consume large quantities of fuel or petroleum-derived inputs.

Foreign selling is another issue.

Source: the same live market report, citing provisional institutional-flow data. Foreign investors were net sellers of Indian shares worth ₹36.94 billion, or about ₹3,694 crore, on Friday. Foreign selling during September had reached approximately $1.8 billion, while the year-to-date figure cited in the report stood at $25.86 billion.

US Treasury yields are also being watched. Higher US yields can make dollar assets more competitive relative to emerging-market equities and may add to pressure on foreign flows into India.

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What happened in the stock market last week?

The market entered Monday with a weak recent record rather than falling from a fresh high.

AS per the Upstox market note based on exchange data. The Nifty 50 and Sensex ended lower for a seventh consecutive week on Friday. For the week ended September 25, the Nifty lost 0.9%, or 205.90 points, to close at 23,140.50, while the Sensex fell 0.5%, or 399.22 points, to 73,895.74.

The week was shaped by foreign outflows, crude oil, rising US Treasury yields and weakness in several index stocks. Friday brought some recovery from the day's lows, but it was not enough to prevent another weekly decline.

The important change on Monday is that the Nifty has again moved below the psychological area that traders had been watching before the opening bell.

What should investors watch this week?

Oil remains the first variable to watch. A fall in crude could remove one source of pressure on India's inflation and external balances. Another rise could do the opposite.

Foreign institutional activity will also matter after continued selling. Banks and other large financial stocks have high index weights, so another round of selling in financials can have a direct effect on the benchmarks.

Tuesday is also important because of derivatives expiry.

Source: NSE derivatives data showing September contracts. The current Nifty monthly derivatives series carries a September 29, 2026 expiry. Expiry sessions can see changes in positioning and trading volumes around widely watched strike levels.

The week is also shorter than normal.

As per the official NSE trading holiday calendar. The equity market will remain closed on Friday, October 2, 2026, for Mahatma Gandhi Jayanti. That leaves four regular equity trading sessions this week.

Domestic industrial-production data, manufacturing activity, monthly automobile sales, the rupee, US labour-market data and inflation indicators will also be monitored.

PB Fintech share price today: What is happening with Policybazaar parent?

PB Fintech remains one of the most closely watched stocks in the market after last week's fall.

As per the Moneycontrol NSE/BSE-linked PB Fintech live quote page At 10:38 AM IST, PB Fintech was at ₹1,178.90, up 1.11% from the previous close. The stock had traded between ₹1,161 and ₹1,213.50 during the session.

Source: the same live quote page. PB Fintech's quoted market capitalisation was about ₹54,554 crore. Its 52-week range was ₹1,115 to ₹1,964.20 at the snapshot.

The important story, however, is not Monday's small recovery. It is the repricing that took place last week.

Source: official NSE PB Fintech quote page. On September 24, PB Fintech closed at ₹1,207.20, down 36% from its previous close of ₹1,886.30. The official NSE page shows a session low and close at the same price.

The trigger was concern over proposed changes to insurance distribution economics.

Policybazaar is an insurance distribution platform. Changes in how insurers can compensate intermediaries can therefore directly affect revenue earned on policies distributed through the platform.

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Source: PB Fintech's own corporate FAQ. The company states that a major part of its revenue model is based on commissions and fees received from insurance and lending partners. That explains why any change in insurance distribution payments receives close attention from investors.

Readers looking for background on the regulatory issue can also read News4Bharat's earlier explainers: Bima Sugam vs Policybazaar: What It Means for PB Fintech and IRDAI Commission Clawback 2026: Impact on Agents, Insurers and Stocks.

Top gainers in the market till now

The following are the leading gainers shown on the Mint market dashboard at the article's data cut-off. These should not be treated as the official full NSE gainers list because rankings change throughout the session.