Stories
Sensex and Nifty Decline as Banking and Hospital Stocks Drag Market Lower
- •Equity benchmark indices ended lower on Monday, with the Sensex falling 548 points to 71,925 and the Nifty 50 declining 157 points to 22,363.
- •Banking stocks faced strong pressure following the Reserve Bank of India measures on Cash Reserve Ratio requirements.
- •Hospital stocks registered a sharp sell-off in the final hour of trade due to a Supreme Court hearing on drug pricing.
- •Brent crude rose to $106 per barrel, impacting crude-sensitive stocks like IndiGo and Asian Paints.
- •Reliance Industries hit a 52-week low and became one of the top contributors to the Nifty index losses alongside ICICI Bank and Larsen and Toubro.
Key Questions Answered
The equity benchmark indices fell on Monday, October 12, 2026, with the Sensex dropping 548 points and the Nifty 50 declining 157 points. This downward movement was driven by banking stocks facing pressure from RBI measures on Cash Reserve Ratio requirements, a sharp sell-off in hospital stocks during the final hour due to a Supreme Court hearing on drug pricing, rising crude oil prices, and Reliance Industries hitting a 52-week low.
Banking stocks remained under heavy pressure following the Reserve Bank of India's measures concerning Cash Reserve Ratio requirements, pushing the Nifty Bank down by 339 points. Meanwhile, hospital stocks experienced a sharp sell-off in the final hour of trade as they tracked ongoing Supreme Court hearings regarding drug pricing.
Despite the benchmark indices ending lower, the midcap index managed to gain 47 points to close at 58,835, demonstrating relative outperformance by the broader market. Additionally, the Indian rupee strengthened by more than 1% against the US dollar, dropping below 96 per dollar following the measures introduced by the RBI.
