Nifty slips below 23,000 as bank stocks tumble

• The S&P 500 index fell 0.88% today as Treasury yields rose and oil prices climbed above $106. • Nvidia shares gained ground following the announcement of a $150 billion buyback program.

• The Nasdaq Composite and AI-related stocks fell on September 28, 2026, as U.S. Treasury yields increased. • Investors are awaiting the first Personal Consumption Expenditures (PCE) inflation reading since the Federal Reserve raised interest rates on September 16.

• Major US stock indices declined today, with the S&P 500 falling 0.76% to 7,684.41 points and the Nasdaq Composite dropping 0.91% to 26,822.09. • Paramount Skydance Corp. began the process of selling over $44 billion in US dollar and euro bonds to finance its acquisition of Warner Bros. Discovery Inc.

• The Nasdaq and S&P 500 fell on September 28, 2026, after President Trump rejected an Iranian proposal to end the war. • President Trump stated he expects U.S. negotiators to engage in further talks with Iran throughout the current week.

• Indian markets will monitor global and domestic triggers ahead of the September 29 trading session. • Investors are focusing on rising crude oil prices, US Treasury yields, and the US-Iran conflict regarding the Strait of Hormuz.

• Indian equities plunged on Monday, with the Sensex falling 1,124 points and the Nifty dropping over 360 points. • The market sell-off wiped out nearly Rs 8 lakh crore in total market value.

• The Euro declined against the US Dollar on Monday as investors shifted focus toward potential Federal Reserve interest rate hikes. • Both the Federal Reserve and the Bank of Japan raised interest rates by 25 basis points last week to combat inflation risks.

• European stock markets remained largely unchanged on Monday, September 28, 2026, despite a rise in oil prices. • Major indices showed resilience as investors weighed the impact of energy costs against a robust economic outlook.

• US stock futures declined during overnight trading on Sunday after President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz. • Oil prices climbed above $100 per barrel following the rejection of the proposal.

• Nvidia increased its share buyback program by $150 billion to return capital to shareholders. • The United States government plans to ease fuel economy standards for vehicles.

• European stock markets recorded gains on September 28, 2026, despite a simultaneous rise in oil prices. • Investors are closely monitoring upcoming diplomatic talks between the United States and Iran.