# Sensex Slips Below 76,000 Mark as Axis Bank and Mahindra Lead Early Market Losses

> Domestic benchmark indices extended their losing streak on Tuesday, with the Sensex dropping 162.53 points and Nifty easing 36.05 points amid widespread selling across heavyweights.

**Type:** article · **Category:** Market · **Published:** 2026-09-23 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/sensex-76-000-ke-stara-se-phisala-shuruati-saudon-men-axis-bank-aura-mahindra-ke-sheyaron-para-dabava-37126 · **Language:** English
**Tags:** Stock Market, Sensex, Nifty 50, BSE, NSE, Axis Bank, Mahindra and Mahindra

Domestic equity markets carried their sluggish tone into the second trading session of the week on Tuesday, 8 September 2026, as headline indices kicked off proceedings in negative territory. Following a decline logged during Monday's session, market participants continued to trade cautiously from the opening bell. The BSE benchmark slid 0.21 percent at open, while the National Stock Exchange's 50-share barometer began operations with a 0.15 percent decline.

## Opening Numbers for Headline Indices
Right at the start of trades, the BSE Sensex contracted by 162.53 points to open at 75,970.28, drifting beneath the 76,000 benchmark. Concurrently, the NSE Nifty 50 retreated by 36.05 points to initiate its session at 23,743.10. The subdued launch follows downward pressure experienced across the board in the previous session on Monday.

## Market Breadth Tilts Decisively Toward Bears
Trading breadth across the premier indices reflected sharp selling interest during early exchange. Out of the 30 constituent stocks that comprise the Sensex, a mere 4 issues managed to open in positive territory, leaving 26 counters languishing in the red. Across the broader Nifty 50 gauge, only 11 components commenced trading in green territory, whereas 39 constituent stocks began the day with declines.

## Top Advancers and Decliners at the Bell
Among the handful of gainers on the Sensex, Bharat Electronics Limited (BEL) led the leader board, advancing 0.82 percent at the opening tick. On the opposite side of the ledger, private lending major Axis Bank emerged as the biggest lag, shedding 0.87 percent as trading commenced.

## Stocks Holding Green Territory
Beyond BEL, positive traction on the Sensex was confined to just three other counters. Eternal started its trading day with an appreciation of 0.81 percent. Financial services giant Bajaj Finserv picked up 0.25 percent at the open, while steelmaker Tata Steel posted a slight gain of 0.08 percent.

## Extensive Losses Across Key Heavyweights
Early selling pressure cut across major industrial sectors, including automobiles, information technology, consumer staples, and banking. Automobile manufacturer Mahindra & Mahindra opened lower by 0.66 percent, while IT services firm Tech Mahindra shed 0.63 percent and power producer NTPC declined 0.62 percent. Telecom major Bharti Airtel fell 0.59 percent, and private lender ICICI Bank retreated 0.56 percent.

Energy conglomerate Reliance Industries conceded 0.55 percent, while private banking heavyweight HDFC Bank slipped 0.51 percent. Healthcare company Sun Pharma lost 0.50 percent, and consumer goods giant Hindustan Unilever gave up 0.33 percent. Within the technology basket, HCL Tech declined 0.31 percent, TCS conceded 0.20 percent, and Infosys dipped 0.06 percent. Aviation operator IndiGo along with conglomerate ITC each retreated 0.30 percent. Public sector lender State Bank of India (SBI) eased 0.29 percent, while transmission giant Power Grid slipped 0.28 percent. Non-banking financial firm Bajaj Finance traded 0.26 percent lower, and Kotak Mahindra Bank shed 0.09 percent. Infrastructure builder L&T, paint maker Asian Paints, and retail chain Trent each dropped 0.25 percent. Logistics major Adani Ports and consumer firm Titan declined 0.20 percent and 0.19 percent respectively, matching a 0.19 percent decline in UltraTech Cement and a 0.08 percent slip in automaker Maruti Suzuki.

## What this means for you
Continued weakness across benchmark equity gauges directly influences short-term portfolio valuations and mutual fund returns for domestic retail participants.

- **Portfolio Valuations:** Declines in benchmark indices lower the net asset values of equity mutual funds and direct holdings. Retail participants should avoid panic selling and evaluate holdings according to their long-term objectives.
- **Banking and Auto Exposure:** Selling in heavyweights such as Axis Bank and Mahindra & Mahindra dampens sectoral fund performances. Sector-specific investors should closely track support levels before committing fresh funds.
- **Accumulation Window:** Pullbacks provide opportunities to acquire quality large-cap names at comparatively lower entry points. Systematic investment plan (SIP) investors can maintain their regular allocations undisturbed.
- **Day Traders' Posture:** With 39 Nifty constituents commencing in negative territory, initial market breadth favours defensive strategies. Short-term intraday traders must deploy strict stop-loss measures to manage capital risk.

## Why this happened
The decline observed on Tuesday reflects the continuation of market weakness initiated during Monday's trading session. Widespread profit booking across core index heavyweights contributed to early downward momentum.

- **Carryover From Monday:** Following losses in the week's opening session, investor caution lingered across the floor. This sustained wariness prevented any meaningful buying rebound at Tuesday's opening bell.
- **Weakness in Heavyweights:** Key constituents including Axis Bank, HDFC Bank, and Reliance Industries slipped at the open. The synchronized decline in these index heavyweights exerted direct downward leverage on benchmark levels.
- **Unfavourable Market Breadth:** With 39 Nifty 50 constituents and 26 Sensex counters opening lower, broad-based selling dominated the session. The lack of sector rotation left both indices vulnerable to extended losses.

## Questions & Answers

### 1. Where did the Sensex open on 8 September 2026?
The BSE Sensex opened at 75,970.28, registering a decline of 162.53 points.

### 2. What was the opening level for the Nifty 50 index?
The NSE Nifty 50 initiated trading at 23,743.10, sliding 36.05 points at the bell.

### 3. Which stock was the top decliner on the Sensex at open?
Axis Bank logged the sharpest drop, falling 0.87 percent at the opening tick.

### 4. Which constituent gained the most on the Sensex?
Bharat Electronics Limited (BEL) advanced the most, opening 0.82 percent higher.

### 5. How many Sensex companies opened in green territory?
Only 4 out of 30 Sensex companies traded higher at the open, while 26 stocks declined.

### 6. How many Nifty 50 constituents started in the red?
A total of 39 Nifty 50 stocks opened in negative territory, against 11 advancing counters.

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