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Market move▼ Strongly bearish for Indian equities
Sensex sinks 1,000 points to a 2026 low as Nifty falls below 22,300
The brief
- Auto and media led sectoral losses, down 3.87% and 2.89%, respectively
- Reports cited rate-hike fears, high oil prices, thin liquidity and persistent FII selling
- One report put the market value wiped out at ₹8 lakh crore
- Broad selling hits Indian equities, especially autos and media; high oil also pressures fuel-sensitive companies
- Broadcast industry seeks TRAI NTO impact review as media landscape shifts
- Meta stock enjoys best month since 2022 on AI momentum
- Solving the mobile content bottleneck: Business analysis of next-gen wireless mics
- Bigger picture: Media industry shifts focus to attention, data & tech
- India’s screen economy to touch $15.4 bn by 2031: Media Partners Asia
Indian equities fall amid FII selling
The Sensex and Nifty hit six-month lows on 29 September, then failed to sustain a brief recovery as FIIs sold nearly ₹25,500 crore over three days. On 1 October, the sell-off deepened, wiping out ₹8 lakh crore in market value amid persistent FII selling, high bond yields, a weak rupee and rising crude prices.
Thursday, 1 October
- Sensex sinks 1,000 points to a 2026 low as Nifty falls below 22,300