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Market move▼ Strongly bearish for Indian equities
Markets sink to six-month low as oil shock wipes out ₹7.5 lakh crore in investor wealth
The brief
- Nifty 50 closed at 22,780.25, down 360 points
- Sensex settled at 72,771.72, shedding 1,124 points
- Sharp losses hit Indian equity investors broadly, especially oil-sensitive sectors and leveraged positions
- Nifty 50 breaks below 23K! Monthly expiry may keep volatility elevated | Support, resistance, outlook for Sep 29
- Nifty IPO index is up 19.5% YTD as the broad market slips
- Crude oil, bond yields squeeze markets as risk-off mood deepens
- West Asia worries send benchmark indices to six-month low; third 1% plunge in 10 sessions
- Sensex, Nifty sink further: Indices at six‑month lows; Rs 17.17 lakh crore wiped out in a month
Indian stocks fall as crude tops $100
On 28 September, the Sensex fell 1,124 points to 72,771.72 and the Nifty dropped 360 points to 22,780.25, a six-month low. Rising crude prices, weak global cues and geopolitical uncertainty weighed on markets; reports said investor wealth fell by ₹7.5 lakh crore.
Monday, 28 September
- Markets sink to six-month low as oil shock wipes out ₹7.5 lakh crore in investor wealth