Black Monday: Sensex crashes 1,800 points, Nifty near 22,550; 6 key factors behind market decline The Indian stock market experienced a sharp decline on Monday, with the Sensex falling over 1,800 points and the Nifty nearing 22,550. The market decline was attributed to a combination of factors, including global tensions, rising crude oil prices, and sustained foreign fund outflows. The benchmark indices were down more than 2 percent, tracking weak global cues as the West Asia conflict entered its fourth week and pushed crude oil prices higher. At 10:45 am, the Sensex was down 1,785.12 points or 2.4 percent at 72,747.84. The broader Nifty declined to 22,547.35, down 567.15 points or 2.45 percent, its lowest level since April 9, 2025. Market breadth remained weak, as about 521 shares advanced, 3,265 shares declined, and 138 shares remained unchanged. Among the stocks, HDFC Bank fell about 2.5 percent after sliding 7.4 percent in the previous two sessions following the resignation of its part-time chairman Atanu Chakraborty. State Bank of India dropped 3.6 percent after receiving a tax demand of Rs 6,337 crore from the Income Tax Department for the assessment year 2024. All 16 major sectoral indices were in the red. The broader indices also saw sharp losses, with the Nifty smallcap100 and Nifty midcap100 falling 3.82 percent and 3.45 percent, respectively. The decline was driven by several key factors, including elevated crude prices, persistent foreign portfolio investor (FPI) selling, a rise in the India VIX, geopolitical tensions, weak global cues, and a record low rupee. Crude oil prices surged, fueling inflation and rupee weakness. Brent crude rose 0.62 percent to USD 112.9 per barrel, remaining above the USD 110 mark amid concerns over supply disruptions linked to the ongoing conflict.#nifty #sensex #hdfc_bank #state_bank_of_india #black_monday
