Indian stock markets closed sharply lower on Monday as weakness in private bank stocks, disappointing corporate earnings and rising crude oil prices weighed on sentiment. The Nifty 50 closed at 22,888.95, down 1.11%, while the BSE Sensex fell 876.37 points, or 1.17%, to 73,852.90; the Nifty PSU Bank index was the only major sectoral gainer, rising 2.41%. Axis Bank fell more than 4%, while Brent crude traded at USD 108.50 per barrel, keeping concerns over imported inflation and corporate costs in focus. Analysts said markets could stay volatile as investors track earnings, oil prices and currency stability. The rupee rose for a seventh straight session to near 94.95 per dollar, but RBI reserves fell by USD 8.6 billion to USD 726 billion in the week ended October 9.
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Original headline: Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
Read the original on oklahomacitysun.com ↗
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Related tickers and likely impact
PLX
▼ Likely negativePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,534 bn VND |
| P/E | 13.9 |
| P/B | 1.83 |
| Close on 10/19/2026 | 35.15 |
| Change that session | +0.29% |
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/19/2026 | 1,689.84 |
| Change that session | -0.94% |
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Related news
- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
Indian stock markets closed sharply lower on Monday as weakness in private bank stocks, disappointing corporate earnings and rising crude oil prices weighed on sentiment. The Nifty 50 closed at 22,888.95, down 257.20 points or 1.11%, while the BSE Sensex fell 876.37 points (1.17%) to 73,852.90. Almost all sectoral indices fell, with only the Nifty PSU Bank index rising 2.41%, while Axis Bank dropped more than 4%. Brent crude traded at USD 108.50 per barrel, keeping concerns over imported inflation in focus. Gold was largely flat, and Asian markets were mixed, with South Korea's KOSPI up 1.73%.
- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
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.
- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
The Nifty 50 closed at 22,888.95, down 257.20 points or 1.11%, while the BSE Sensex fell 876.37 points or 1.17% to 73,852.90. Weakness in private banks, earnings below expectations and rising crude prices intensified profit-booking, with almost all sectors in the red; the Nifty PSU Bank index was the only major gainer, up 2.41%. Axis Bank fell more than 4%, while SBI was among the top gainers. Brent crude traded at USD 108.50 per barrel, raising concerns over imported inflation, and the rupee firmed to around 94.8 per dollar after a seventh straight session of gains. However, reserves fell by USD 8.6 billion to USD 726 billion in the week ended October 9, with the total drawdown since early September near USD 60 billion.
- Sensex, Nifty end lower amid volatile trade and profit booking
The Nifty 50 fell 257.20 points (1.11%) to 22,888.95 and the BSE Sensex dropped 876.37 points (1.17%) to 73,852.90, after falling more than 1,000 points intraday before partially recovering; the Bank Nifty shed 355.90 points to 55,488.10. Pressure came from profit booking after last week's rally, weak global cues, foreign fund outflows, elevated crude oil prices and September-quarter earnings. HDFC Bank, ICICI Bank and Axis Bank together accounted for more than half of the Sensex's decline, even though Axis Bank reported a 39.4% rise in consolidated net profit, while the Nifty PSU Bank index gained about 2.5%. The rupee extended its appreciation streak to seven consecutive sessions, supported by a stable US dollar and Reserve Bank of India intervention, while Brent crude traded around $107-108 a barrel.
- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
The Nifty 50 closed down 257.20 points (1.11%) at 22,888.95 and the BSE Sensex fell 876.37 points (1.17%) to 73,852.90 on Monday, as weakness in private banks, disappointing earnings and rising crude prices hit sentiment. Almost all NSE sectoral indices closed lower, with only the Nifty PSU Bank index rising 2.41%. Axis Bank fell more than 4%, while SBI, JSW Steel, Eicher Motors and Adani Ports led the gainers. Brent crude traded at USD 108.50 per barrel, raising concerns about imported inflation, while the rupee rose for a seventh straight session to around 94.95 per dollar. However, RBI reserves fell USD 8.6 billion to USD 726 billion in the week ended October 9, a drawdown of nearly USD 60 billion since early September, and analysts said markets could stay volatile.
- Rupee falls 3 paise to close at 94 . 92 against US dollar
The rupee settled 3 paise lower at 94.92 per US dollar (provisional) on Monday, snapping a six-session winning streak as a sharp fall in Indian equities and a rebound in crude oil prices weighed on the currency. Foreign institutional investor outflows and high crude prices continued to pressure the rupee, which had gained about 2% in the week ended October 16 on RBI measures to curb spot dollar demand. Brent crude traded at $108.58 per barrel, while the Sensex fell 876.37 points to 73,852.90 and the Nifty dropped 257.20 points to 22,888.95. Analysts said RBI measures may steady short-term moves, but a sustained recovery depends on lower oil prices and better foreign capital flows. India's forex reserves fell $8.578 billion to $726.027 billion in the week ended October 9.
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