Market: Sensex drops 1124 pts, Nifty below 22,800

The domestic share market started the week on weak note on Monday, amid broad-based selling.At close, the Sensex was down 1,124.02 points or 1.52 percent at 72,771.72, and the Nifty was down 360.25 points or 1.56 percent at 22,780.25.
Tech Mahindra, Dr Reddy's Labs and Infosys were the top gainers on the Nifty, while losers included Jio Financial, Tata Motors Passenger Vehicles, L&T, Adani Enterprises and Adani Ports.On the sectoral front,all the sectoral indices ended in the red with PSU Bank index down 3%, Telecom index shed 2.3%, while Energy, Infra, FMCG, Realty, Private Bank, Metal and Oil & Gas down more than 1% each, according to agency reports.Broader markets also ended weak with Nifty midcap index falling 1.6 percent and smallcap index declining 1.8 percent.
Rupee Close:
On 28 Sep'26,the Indian rupee depreciated 28 paise to close at 96.03 (provisional) against the US dollar on Monday, on risk-off sentiments in global markets after the US rejected a deal proposal by Iran, diminishing hopes of reopening of the Strait of Hormuz, according to agency reports.Forex traders said global risk sentiments deteriorated as the stalemate between the US and Iran continued; falling risk assets and a surge in crude oil prices may continue to pressurise the rupee.
Trading Guide:
Market experts recommended Pearl Global, and Indegene as the top stocks you can consider buying for the week starting Monday.

(Business Correspondent)