Sensex down 450 pts, Nifty below 22,450: Rising crude prices among key factors behind market decline
Moneycontrol.com 1 hr ago·8 Oct 2026, 4:17 am
Indian equity benchmarks Sensex and Nifty fell sharply on Monday, with the Sensex dropping over 450 points and the Nifty slipping below the 22,450 mark. The broader market also faced selling pressure, indicating a broad-based correction across sectors.
The primary driver behind this decline is the surge in crude oil prices. Higher global oil rates increase the cost of imports for India, which is heavily dependent on energy supplies. This rise in input costs weighs on corporate profitability and can widen the country's trade deficit, creating headwinds for the economy.
Investors should watch for any further movement in crude oil prices and the Rupee's exchange rate against the US Dollar. A sustained rise in oil could keep inflationary pressures alive, potentially prompting the central bank to maintain a hawkish stance. Traders will also monitor global cues to gauge if this decline is a temporary pullback or the start of a broader trend.
Excerpt from Moneycontrol.com
The equity markets traded lower on Thursday, extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to inflation worries. At around 9:45 a.m., the Sensex was down 447.83 points or 0.62 percent at 72,190.87, while the broader Nifty declined to…Read the original at Moneycontrol.com
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- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
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