Sensex plunges 1,124 points, Nifty below 22,800; PSU bank, realty stocks among top losers
Foreign investors sold more than Rs 10,000 crore in the previous session as Brent crude jumped to $100.8 a barrel, analysts said.
- On Monday, September 28, 2026, the 30-share BSE Sensex plunged 1,124.02 points, or 1.52%, to settle at 72,771.72, while the 50-share NSE Nifty fell 360.25 points, or 1.56%, to 22,780.25.
- Surging crude oil prices and renewed uncertainty surrounding U.S.-Iran tensions fueled the sell-off, as investors weighed geopolitical risks and spiking U.S. 10-year Treasury yields that pressured the broader market.
- Reflecting widespread investor pessimism, the BSE MidCap Select Index dropped 251.23 points, or 1.39%, while the BSE SmallCap Select Index fell 174.28 points, or 1.90%, as the Indian rupee weakened 0.19% to 96.00.
- Intraday trade saw the Sensex swing 1,024.62 points between a high of 73,740.85 and a low of 72,716.23, demonstrating intense investor anxiety amid conflicting signals from geopolitical developments and rising yields.
- Sustained high U.S. yields and persistent geopolitical risks could continue to fuel foreign selling pressure, keeping Indian equity markets vulnerable to further volatility as the economic outlook for 2026–27 remains uncertain, analysts warn.
113 Articles
113 Articles
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