Indian stock markets closed sharply lower on Monday as weakness in private banks, disappointing corporate earnings and rising crude prices hit investor sentiment. The Nifty 50 fell 257.20 points (1.11%) to 22,888.95, and the BSE Sensex lost 876.37 points (1.17%) to 73,852.90. Almost all NSE sector indices closed in the red; only the Nifty PSU Bank index rose, gaining 2.41%, while Axis Bank fell more than 4% and SBI and Adani Ports were among the top gainers. PL Capital's Vikram Kasat said markets could stay volatile, with investors watching earnings, oil prices and currency stability. Brent crude traded at USD 108.50 a barrel, raising concerns over imported inflation, and Brickwork Ratings' Rajeev Sharan noted the rupee's seventh straight session of gains even as RBI reserves have fallen nearly USD 60 billion since early September.
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Original headline: Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
Read the original on pakistantelegraph.com ↗
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Indiaoil pricesinflationexchange ratesforeign reserves
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: 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
- 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 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 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.
- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
India's Nifty 50 closed at 22,888.95, down 257.20 points or 1.11%, and the BSE Sensex fell 876.37 points or 1.17% to 73,852.90 on Monday as weakness in private banks, disappointing corporate earnings and rising crude prices weighed on sentiment. Axis Bank fell more than 4%, and almost all NSE sectoral indices closed lower, with only the Nifty PSU Bank index rising 2.41%. Brent crude traded at USD 108.50 a barrel, raising concerns about imported inflation and corporate costs. The rupee firmed 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, a drawdown of nearly USD 60 billion since early September. Asian markets were mixed, with Japan's Nikkei down 0.64% and South Korea's KOSPI up 1.73%.
- Kenyan shilling holds near Sh129 for over two years despite global oil price surge
For 27 months the Kenyan shilling has hovered around Sh129 per US dollar, and the Central Bank of Kenya quoted Sh129.89 on Friday, extending a low-volatility phase that began in July 2024. That is a sharp improvement from about Sh160.8 in January 2024, when imported fuel, food and machinery were costlier. Analysts link the stability to a February 2024 $1.5 billion Eurobond that let the government repurchase most of a $2 billion maturing bond, while the central bank credits steady inflows from remittances, farm exports and foreign-reserve buffers. However, rising global oil prices from Middle East tensions lifted pump prices in October and limit how far the stable rate can lower consumer prices. A $100,000 import would now cost about Sh12.99 million rather than the roughly Sh16.08 million at the January rate, saving around Sh4.09 million before other charges.
- 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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