Indian stock markets closed sharply lower, with the Nifty 50 down 257.20 points (1.11%) at 22,888.95 and the BSE Sensex down 876.37 points (1.17%) at 73,852.90. Selling was widespread as weakness in private banks, earnings below expectations and rising crude prices weighed on sentiment, with Axis Bank falling more than 4%. The Nifty PSU Bank index was the only major sectoral index to end higher, rising 2.41%. Brent crude traded at USD 108.50 per barrel, while the rupee firmed for a seventh straight session near 94.95 per dollar even as RBI reserves fell USD 8.6 billion to USD 726 billion in the week to October 9.
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Related tickers and likely impact
PVD
▲ Likely positivePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,375 bn VND |
| P/E | 14.7 |
| P/B | 0.95 |
| Close on 10/19/2026 | 17.70 |
| Change that session | +0.28% |
PVT
▲ Likely positivePVTrans
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 12,225 bn VND |
| P/E | 8.6 |
| P/B | 1.29 |
| Close on 10/19/2026 | 24.10 |
| Change that session | +1.90% |
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/19/2026 | 1,689.84 |
| Change that session | -0.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Rupee falls 3 paise to close at 94 . 92 against US dollar - The HinduBusinessLine
The rupee pared early gains to settle 3 paise lower at 94.92 per US dollar (provisional) on Monday, snapping a six-session winning streak. Pressure came from continued FII outflows, a sharp fall in domestic equities and a rebound in crude, with Brent trading down 1.17% at $108.58 per barrel. The rupee had gained about 2% in the week ended October 16, supported by RBI measures to curb spot dollar demand. Lemonn's Gaurav Garg said the RBI steps may help stabilise short-term moves, but a sustainable recovery depends on lower oil prices and improved foreign capital flows. The Sensex fell 876.37 points to 73,852.90, and the Nifty dropped 257.20 points to 22,888.95.
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The Indian rupee edged higher on Monday, helped by dollar sales from foreign banks and lower oil prices, while traders weighed whether its rebound from near-record lows can extend. The currency gained 2 per cent last week after new policy measures, including a dollar window for oil refiners and cash margin requirements on derivatives. It was last at 94.8225 per dollar, up 0.1 per cent and near its strongest in over a month. Brent crude fell nearly 2 per cent to $107.7 per barrel after US President Donald Trump waived sanctions and tariffs on Russia, which may boost Russian fuel exports. Traders remain cautious, saying fundamentals need to improve for sustained gains, and analysts see elevated crude prices as a key risk.
- Rupee rises 22 paise on RBI intervention despite crude oil pressure
The Indian rupee rose 22 paise to 94.75 per US dollar on Monday as Reserve Bank of India (RBI) intervention supported the currency despite high crude prices. The currency is hovering near 95 per dollar, which experts see as the RBI's soft defence line, after its best weekly performance in nearly four years. Foreign institutional investors (FIIs) sold Rs 54,636 crore through October 16, though they turned marginal buyers in recent days, with experts citing a drop in the US 10-year yield to 5.08%. Brent crude briefly topped $110 a barrel on Friday before easing to around $108, after Trump waived new Russia sanctions that could boost Russian fuel exports.
- Rupee rises to 94 . 80 against US dollar , but crude oil threatens recovery
The rupee gained 9 paise to 94.80 against the dollar in early trade, extending its recovery to a third straight session after closing at 94.89 on Friday. Traders said it was the sharpest rally in seven months, but high crude prices, rising U.S. Treasury yields and steady foreign outflows have kept pressure on, prompting the RBI to step up interventions. Brent fell 1.88% to $107.79 per barrel after surging to $110, amid attacks on vessels near the Strait of Hormuz and threats to Saudi energy infrastructure. The Sensex dropped 470.50 points to 74,318, while foreign institutional investors bought a net Rs 1,165.92 crore of equities on Friday. India's forex reserves fell $8.578 billion to $726.027 billion in the week ended October 9, after a $12.952 billion decline the previous week.
- Rupee rises 9 paise to 94 . 80 against U . S . dollar in early trade
The rupee gained 9 paise to 94.80 against the U.S. dollar in early trade on Monday, October 19, 2026, supported by the Reserve Bank of India's structural forex interventions. Forex traders said it was the rupee's sharpest rally in seven months, but a surge in Brent crude to $110 per barrel remains the biggest threat to the recovery. High crude prices, rising U.S. Treasury yields and steady foreign capital outflows have pushed the RBI to step up its market interventions. The Sensex fell 470.50 points to 74,318, while foreign institutional investors bought a net ₹1,165.92 crore of equities on Friday. India's forex reserves dropped $8.578 billion to $726.027 billion in the week ended October 9.
- Rupee Rises 9 Paise to 94 . 80 Against US Dollar
The rupee gained 9 paise to 94.80 against the US dollar in early trade on Monday, supported by the Reserve Bank of India's structural forex interventions, with forex traders calling it the sharpest rally in seven months. The biggest threat is Brent crude, which has surged near USD 110 a barrel and was trading at USD 107.79 after a 1.88 per cent drop amid attacks on commercial vessels near the Strait of Hormuz. High crude prices, rising US Treasury yields and steady foreign capital outflows have pushed the RBI to step up intervention. Domestically, the Sensex fell 470.50 points to 74,318 and the Nifty dropped 147.10 points to 22,999.05, while FIIs bought equities worth Rs 1,165.92 crore on Friday. India's forex reserves fell USD 8.578 billion to USD 726.027 billion in the week ended October 9.
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