Sensex and Nifty Open in Red
Mumbai, September 7, 2026: Domestic equity benchmarks opened marginally lower on Monday as investors remained cautious amid concerns over liquidity absorption from a busy initial public offering (IPO) calendar and continuing tensions in the Middle East.
The Nifty 50 opened 14.55 points, or 0.06 per cent, lower at 23,883.15, while the Sensex declined 69.38 points, or 0.09 per cent, to 76,446.05.
Media and IT Stocks Lead Sectoral Losses
In early trading, the Nifty Media index fell 1.26 per cent, while the Nifty IT index declined 1.15 per cent, emerging as the biggest sectoral laggards.
Nifty Auto, Chemicals, Private Bank, FMCG and Cement indices also traded in the red.
On the other hand, the Nifty Oil & Gas index gained 0.06 per cent, while Nifty Metal, PSU Bank and Realty indices rose by up to 0.38 per cent.
IPO Rush Raises Liquidity Concerns
Market analysts said Indian equities have been under pressure for four consecutive weeks despite positive economic and corporate earnings developments.
Elevated crude oil prices and the strong IPO pipeline have emerged as key concerns for investors.
Analysts noted that 11 mainboard IPOs are scheduled to hit the market this week, while more large offerings are expected later this month. The fund requirements for these issues could absorb significant market liquidity and divert investor attention from the secondary market.
Nifty Faces Key Support and Resistance Levels
Technically, analysts said the Nifty's downside marker at 23,860 remains important, while resistance is seen around 23,960.
The 23,800 level is considered a key support. A sustained break below this level could open the way towards the low 23,000 levels, with 23,570 seen as an initial downside target.
Analysts said the 24,150–24,215 zone remains a major hurdle before a stronger recovery can be confirmed.
Crude Oil Prices Remain a Concern
Crude oil prices traded higher on Monday as rising tensions between the United States and Iran around the Strait of Hormuz increased concerns over possible disruptions to global oil supplies.
Higher crude prices could add pressure to inflation and corporate costs, keeping investors cautious.
