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Sensex Plunges 450 Points and Nifty Slips Below 22,450 Amid Rising Crude Prices and Weak Cues
M
Moneycontrol•08-10-2026, 09:51
Sensex Plunges 450 Points and Nifty Slips Below 22,450 Amid Rising Crude Prices and Weak Cues
- •The equity markets extended losses on Thursday, with Sensex dropping over 450 points and Nifty falling below the 22,450 mark.
- •Rising crude prices jumped 2 percent to 102 dollars a barrel due to persistent worries over Middle East supplies and shipping attacks.
- •Weak global cues and Asian equities trading lower weighed heavily on investor sentiment amid renewed pressure in bond markets.
- •Foreign institutional investors offloaded Indian equities worth more than 6,100 crore rupees on Wednesday.
- •Experts suggest an extended period of consolidation for the market with a downside marker observed at 22,439.
Key Questions Answered
The equity markets traded lower on Thursday due to a hawkish rate hike by the central bank, rising crude oil prices driven by Middle East tensions, weak global cues, and substantial selling by foreign institutional investors.
Brent crude jumped 2% to reach $102 a barrel amid persistent worries about Middle East supplies and increased attacks on shipping in the Gulf and the Strait of Hormuz.
Foreign institutional investors offloaded Indian equities worth more than Rs 6,100 crore on Wednesday.
