{
  "id": 13938626,
  "title": "Sensex today | Stock Market Highlights: Stock markets tumble on oil price spike, foreign fund outflows; Sensex drops 548 points",
  "url": "https://urgent.news/2026/10/12/sensex-today-stock-market-highlights-stock-markets-tumble-on-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T10:45:20.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-12-october-2026/article71571162.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}