Stock Market Update 28 April 2026: Sensex, Nifty 50 Open Slightly Lower

Most Indian stock market indices were trading a bit lower after market opening on Tuesday, 28 April 2026.

At around 9:18 AM, the Sensex was trading slightly down by around 110 points (0.14%) at 77,198.60. The Nifty 50 also traded a bit lower by 0.05% to hover around the 24,000 mark.

Notably, both indices closed on a positive note on Monday after gaining around 0.8% each. The primary developments impacting the markets currently include the US-Iran tension in the Middle East, the constant decline of the rupee, and Q4 company results.

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading lower during early trade on Tuesday.

At around 9:20 AM, Bank Nifty was down by around 0.64% to trade at 55,895.80. The Fin Nifty was also down by around 0.23% to trade at 26,112.45.

A few sectoral indices in the green included Nifty Auto (up by 0.13%), Nifty Metal (up by 0.74%), and Nifty FMCG (up by 0.09%).

Top Gainers And Losers

Approximately 1,306 shares opened in the green on Tuesday, whereas 890 shares opened in the red. Around 182 shares were unchanged.

The top gainers on Nifty were Coal India, Grasim Industries, Dr Reddy's Labs, Adani Enterprises, and ONGC. The top losers were Eternal, SBI, Interglobe Aviation, Trent, and Axis Bank.

What About The Global Markets?

Global markets gave mixed cues amid heightened geopolitical uncertainty and no clarity on the Middle East situation.

• S&P 500 futures were little changed as of 10:50 a.m. Tokyo time.

• Japan’s Topix rose 0.7%.

• Australia’s S&P/ASX 200 fell 0.5%.

• Hong Kong’s Hang Seng fell 0.3%.

• The Shanghai Composite was little changed.

• The Euro Stoxx 50 futures rose 0.3%.

Developments Shaping The Market

• Middle East Uncertainty: The uncertainty in the Middle East is one of the most crucial factors that is causing the current market volatility. As per the latest developments reported, there has been no resolution to the disruptions around the Strait of Hormuz, with both the US and the Iranian forces making their claims.

• Rupee Under Pressure: The Indian National Rupee (INR) remains under pressure due to the ongoing geopolitical tensions and the Reserve Bank of India’s rollback of temporary measures that had been supporting the currency. It opened lower by 0.2% at 94.37 per US dollar on Tuesday.

• FII Outflows: Foreign institutional investors (FII) continue to pull out money from the Indian equity markets. The primary reason behind this is the weak performance of the Indian markets in 2025. The trend is continuing in 2026 as well.

Also Read - Stocks To Watch On 28 April 2026: Bajaj Housing Finance, Nippon India AMC & More

Investor Takeaway

The markets have somewhat bounced from the recent slump due to the ongoing Middle East conflict. Analysts believe they could continue their upward trajectory in the upcoming days. However, a lot depends on potential resolution between the US and Iran and other geopolitical developments.

Sources:

The Economic Times

Moneycontrol