The BSE Sensex slid 1,124.02 points today, a 1.52% plunge that left it at 72,771.72—its lowest close since March 30, 2026. The Nifty followed suit, dropping 360.25 points, or 1.56%, to 22,780.25, marking its first six‑month trough.
Sector‑wide pain was uniform: every BSE sector index closed lower, with PSU Banks sinking 3.25% and Power down 2.30%. L&T fell 2.81%, Power Grid 2.62%, Adani Ports 2.38%, HDFC Bank 2.30%, HUL 2.27% and Reliance 2.24%. Only Infosys managed a modest 0.4% gain amid the rout.
Oil’s shock has been the main catalyst. Brent crude spiked nearly 4% to $108.3 a barrel, while the U.S. 10‑year Treasury yield touched 5.2%, eroding the India‑US yield differential and tightening global liquidity conditions. These twin forces have fed a sell‑off that wiped out ₹17.17 lakh crore of investor wealth in a month.
Foreign institutional investors were net sellers, offloading shares worth ₹3,693.93 crore last Friday, according to exchange data. Vinod Nair, Head of Research at Geojit Investments, said the market has breached a key psychological support level, tightening the risk‑take window.
Analysts predict the bearish trend could persist until commodity prices ease or U.S. bond yields stabilize. The next earnings window, starting in early October, will test whether corporate fundamentals can offset the macro tailwinds.