Sensex today | Stock Market Highlights: Stock markets tumble on oil price spike, foreign fund outflows; Sensex drops 548 points
Sensex, Nifty, Share Prices Highlights: Benchmark stock index Sensex dropped by nearly 548 points on Monday as a fresh spike in crude oil prices, unabated foreign fund outflows and rising bond yields dented investors' sentiment.
Sensex and Nifty 50 both experienced significant declines on Friday, erasing opening gains. The 30-share BSE Sensex dropped 547.65 points, or 0.76%, to 71,924.68. The 50-share NSE Nifty fell 157.10 points, or 0.70%, to 22,363.35. Major laggards included ITC, Tech Mahindra, Hindustan Unilever, Larsen & Toubro, State Bank of India, and Tata Consultancy Services.
Winners were Bharat Electronics, Mahindra & Mahindra, Kotak Mahindra Bank, and HCL Tech. Brent crude oil prices surged 1.14% to $105.8 per barrel. Foreign Institutional Investors (FIIs) sold equity shares worth ₹3,568.90 crore. The Indian rupee appreciated 0.99% against the U.S. dollar to 95.77, following the central bank's steps to curb dollar demand.
Technip Energies secured a contract for HPCL Mumbai refinery modernization, boosting lube base stocks and refinery competitiveness. Experienced professionals in finance, accounting, and controls are sought after by companies like TCS, which expects 80% of future hires to possess digital and AI skills as AI-led work reaches 10% of revenue.
Iraq's crude exports to India rebounded while Russian shipments declined, increasing tanker demand. India's steel demand is predicted to rise 7.9% in 2026 and 8% in 2027. Despite market corrections, equity-oriented mutual funds saw net inflows of ₹38,307 crore in September, with strong participation in small- and mid-cap segments.
The strength of flows across equity categories indicates that retail investors remain positive on India's long-term growth prospects, particularly in mid- and small-cap segments.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
