Sensex Tumbles 876 Points; Nifty Drops Below 22,900 Dragged by Private Banks
Weak global cues and higher crude prices deepened selling in private banks, while 891 stocks advanced against 2,465 decliners, market data showed.
- On Monday, October 19, 2026, the BSE Sensex tumbled 876.37 points, or 1.17%, to 73,852.90, while the NSE Nifty fell 1.11% to 22,888.95, reversing recent gains.
- Vinod Nair, Head of Research at Geojit Investments Ltd, said private banks remained under pressure following quarterly earnings, while weak global cues reversed the recent recovery.
- Axis Bank declined 3.85% despite a 39.4% rise in Q2 FY2026-27 net profit, while HDFC Bank shares fell nearly 3%, with both lenders accounting for over half the Sensex selling pressure.
- While the Nifty PSU Bank index bucked the broader weakness, gaining 1.86%, Brent crude declined 1.07% to $108.7 per barrel, remaining elevated and weighing on sentiment.
- Across the broader market, 2,465 stocks declined while 891 advanced; investors continue monitoring geopolitical developments and energy prices for their impact on corporate profitability and inflation.
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Manic Monday at Indian stock market: Sensex, Nifty bleed - ₹3.6 lakh cr gone in 6 hours | What went wrong? Big reasons
Indian stocks fell sharply on Monday, with the Nifty 50 down 1.11% and Sensex down 1.17%, as disappointing private-bank earnings, weak global cues and profit-taking in IT shares weighed on sentiment. BSE-listed companies lost ₹3.6 lakh crore in market value.
Sensex tumbles 876 points, Nifty drops below 22,900 amid private bank sell-off
Indian benchmark equity indices, Sensex and Nifty, ended sharply lower, with the Sensex tumbling 876.37 points and the Nifty dropping below 22,900, primarily due to a decline in private bank stocks like HDFC Bank and Axis Bank, alongside weak global market trends.
Sensex Sinks 876 Points, Nifty Falls 1.11% as Crude Oil Nears USD 109
Get latest articles and stories on Business at LatestLY. The domestic stock markets closed sharply lower on Monday as weakness in private bank stocks, disappointing corporate earnings and rising crude oil prices weighed on investor sentiment. Business News | Sensex Sinks 876 Points, Nifty Falls 1.11% as Crude Oil Nears USD 109.
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