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Sensex crashes 1,124 points to six-month low as oil, US yields and FII selling weigh

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Indian equities suffered their sharpest fall in weeks on Monday. The Sensex crash today took the 30-share index down 1,124.02 points, or 1.52%, to 72,771.72, its weakest close since 30 March 2026. The Nifty 50 lost 360.25 points (1.56%) to settle at 22,780.25, with 47 of its 50 constituents ending in the red.

Sensex crashes 1,124 points to six-month low as oil, US yields and FII selling weigh
The Bombay Stock Exchange building on Dalal Street in Mumbai. Photo: Niyantha Shekhar / Wikimedia Commons (CC BY 2.0).

What dragged the market down

Three pressures converged. Brent crude climbed towards $108 a barrel after fresh tension over the Strait of Hormuz, raising worries about India’s import bill and inflation. The US 10-year Treasury yield held above 5.2%, making emerging-market assets less attractive. And foreign portfolio investors kept selling Indian shares, extending an outflow streak that has weighed on sentiment for weeks. Readers can revisit our explainer on what Gulf disruption means for India’s oil.

Stock market charts and data displayed on a computer screen
Stock market charts and indices on a trading screen. Photo: Pexels (free license).

All 30 Sensex stocks declined. Financials led the slide, with Bajaj Finance, Kotak Mahindra Bank and HDFC Bank each down around 2%. Bank Nifty fell 1.99% to 54,471.65, and the India VIX, a gauge of expected volatility, jumped about 13% to near 14.

How much wealth was lost

The total market capitalisation of BSE-listed firms shrank by roughly ₹8 lakh crore in a single session, to about ₹474 lakh crore, according to market data compiled by brokerages. The Sensex touched an intraday low of 72,716.23 before a slight recovery into the close.

Oil tanker at sea during sunset
An oil tanker at sea; rising crude prices weighed on Indian equities. Photo: Pexels (free license).

What analysts are watching next

Market strategists say the near-term direction depends on crude prices, the path of US yields and the Reserve Bank of India’s policy review in early October, where a rate hike is being debated; see our report on RBI rate-hike odds. Some analysts note that valuations have become more reasonable after the correction, but most advise caution until oil stabilises. A detailed session wrap is available from The Hindu BusinessLine.

This report is for information only and is not investment advice.

Phiroze Jeejeebhoy Towers housing the Bombay Stock Exchange
Phiroze Jeejeebhoy Towers, home of the Bombay Stock Exchange. Photo: Appaiah / Wikimedia Commons (CC BY-SA 2.0).
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2 thoughts on “Sensex crashes 1,124 points to six-month low as oil, US yields and FII selling weigh”

  1. Pingback: Sensex at 72,480, Nifty −0.4% on Oil, FIIs | 30 Sep 2026

  2. Pingback: India External Debt Rises to $778.2 Billion | 30 Sep 2026

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