Indian equity markets experienced a volatile start on Monday, October 12, 2026, as the BSE Sensex erased its early gains to trade lower. After opening at 72,771.32 and rising to an early high, the index declined by 163.76 points, or 0.23%, to reach 72,308.57 by 10:09 am. Similarly, the Nifty 50 index held above the 22,550 mark, showing a marginal rise of 53 points in early trade compared to its previous closing figure of 22,520.45.
The market sentiment on Monday followed a positive performance on Friday, when the BSE Sensex surged 879.09 points to close at 72,472.33. That session marked a significant shift, as the index snapped its longest weekly losing streak recorded in 25 years. Analysts noted that the initial optimism on Monday was driven by a decline in global crude oil prices, following reports of a potential Russia-Ukraine energy truce, and fresh currency-support measures recently introduced by the Reserve Bank of India.
Global market cues remained mixed as investors awaited the upcoming earnings season. While S&P 500 and Nasdaq futures indicated a positive opening for US markets, Asian indices showed varied results, with South Korea’s benchmark index falling 2.2% and Taiwan’s shares slipping 0.5%. Meanwhile, oil prices experienced downward pressure, with Brent crude falling 1.47% to $103.18 a barrel and West Texas Intermediate (WTI) declining 1.68% to $90.31 per barrel.
Despite the broader secondary market volatility, which has seen foreign investors exiting Indian equities and the Sensex trading significantly below its lifetime intraday high, the primary market continues to show resilience. Recent reports indicate that initial public offerings (IPOs) are attracting strong interest from investors, highlighting a divergence between the performance of listed equities and new market entrants.
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