Stock market crash today: Sensex plunges 995 points, Nifty sheds 1% ahead of Fed decision: Here's what spooked D-Street
Mint 54 min ago·28 Oct 2026, 5:37 am
Indian equity markets experienced a sharp downturn today, with the Sensex falling by 995 points and the Nifty dropping over 1%. The sell-off was triggered by a spike in crude oil prices, which climbed above $115 per barrel following an attack on a Saudi Arabian oil facility. This development raised concerns about global inflation and supply disruptions, prompting investors to reduce their exposure to riskier assets.
The market reaction was also influenced by the anticipation of a key decision from the US Federal Reserve. Investors are closely watching the central bank's stance on interest rates, as a hawkish move could lead to capital outflows from emerging markets like India. This dual pressure from rising commodity costs and global monetary policy uncertainty has created a volatile environment for retail investors.
Excerpt from Mint
Indian markets fell sharply, with the Sensex down 995 points and the Nifty off 1.1%, as crude rose above $115 a barrel following an attack on a Saudi refinery. Investors also awaited the US Federal Reserve decision. Stock market today : Indian stock markets declined sharply on Wednesday as rising crude oil prices and…Read the original at Mint
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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