Indian stocks fall as crude prices surge
On 28 September, the Sensex and Nifty fell more than 1% amid rising crude prices and geopolitical jitters; Brent crude crossed $107. Eighteen Nifty stocks were more than 20% below their 52-week highs, and market capitalisation losses reached ₹31.35 lakh crore.
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Timeline
Monday, 28 September
- Nifty PSU Bank tanks 2%, stocks dip up to 4%; Analysts flag rate hike woes
Nifty PSU Bank fell 2%; several PSU bank stocks declined 2–4% on Monday
- India VIX spikes 14% as oil, geopolitical risks trigger market sell-off
India VIX spiked 14% as oil and geopolitical risks triggered a market sell-off
- Sensex, Nifty plunge over 1%; realty shares skid
Sensex and Nifty plunged over 1%
- Sensex tanks 730 points amid surging crude oil prices, geopolitical uncertainties
Sensex fell 730 points to 73,170.12 in early trade
- Markets open lower as crude surge, FII selling and geopolitical jitters weigh on sentiment
Nifty fell 0.88% to 22,937 as markets opened lower
- Sensex falls 900 points as crude rebounds; Nifty slips below 22,900
Sensex fell 900 points intraday and Nifty dropped below 22,900
- Sensex over 700 pts down after longest weekly losing streak in years; crude soars above $106
Sensex fell 512.04 points, or 0.69%, to 73,383.70 at 9:17 am
- Feeling blue: Near 40% of Nifty stocks down over 20%; ₹31 trn wiped out
18 of 50 Nifty stocks are more than 20% below their 52-week highs
- Sensex and Nifty fall as crude rises and investors remain cautious
Sensex fell more than 500 points in early trade; other reports put the decline near 700 points
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