Mumbai: Rising crude oil prices, an uncertain political environment, and a weak global stock market trend among other factors unnerved investors, causing the Mumbai stock market to plunge sharply in today’s trading. The benchmark Sensex fell 1,124 points to hit a six-month low, while the Nifty index slipped below 22,800 points, leaving everyone alarmed.
The 30-stock Sensex fell 1,124.02 points to settle at 72,771.72 points. During trading, the Sensex dropped as much as 1,179.51 points to 72,716.23 points. It is noteworthy that this is the lowest closing level recorded since trading on March 30, 2026.
The 50-stock Nifty fell 360.25 points and closed at 22,780.25 points, a nearly six-month low. Of the stocks in the Nifty index, 47 ended lower and 3 ended higher.
Stock market analysts said that continuous foreign investment outflows, rising yields on U.S. bonds, the deadlock between the U.S. and Iran over opening the Strait of Hormuz, along with higher crude oil prices and weak Asian markets, triggered selling in financial sector, public sector bank, metals, FMCG, oil and gas, and automobile sector stocks.
In the 30-stock Sensex, shares of 29 companies ended lower. Larsen & Toubro shares fell the most, by 2.81 percent. Power Grid declined 2.62 percent, Adani Ports 2.38 percent, HDFC Bank 2.3 percent, Hindustan Unilever 2.27 percent, and Reliance Industries 2.24 percent. Infosys was the only company to post gains.
According to the data, foreign institutional investors sold shares worth Rs 3,693.93 crore on Friday.
As fears among investors have risen amid a worsening global economic environment, bears strengthened their grip on the stock market.
As for Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, and Shanghai’s SSE Composite Index ended lower. Meanwhile, Hong Kong’s Hang Seng Index ended higher.
European markets showed mixed trends. U.S. markets ended higher on Friday.
India’s benchmark stock indices ended lower, as the recent rise in crude oil prices and uncertainty over U.S.-Iran talks had a major impact.
Global Brent crude oil prices rose 3.81 percent to $108.3 per barrel.
