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Stock Market Plummets: Sensex Crashes 660 Points and Nifty Slips to 22,450 Amid Global Pressures
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News18•08-10-2026, 11:35
Stock Market Plummets: Sensex Crashes 660 Points and Nifty Slips to 22,450 Amid Global Pressures
- •The stock market experienced a sharp decline on October 8, with the Sensex dropping by 660 points and Nifty falling to 22,450.
- •Asian markets including Kospi, Nikkei, and Taiwan traded in losses, following a weak closing in the US markets.
- •Crude oil prices rose by 1.54 percent to reach $101 per barrel, adding pressure to the economy.
- •US bond yields remained high at 5.299 percent while the dollar index surged to the 102 level.
- •Fed meeting minutes signaled potential interest rate hikes and persistent inflation concerns, dampening investor sentiment.
Key Questions Answered
The stock market downturn was driven by pressure in Asian and US markets, rising crude oil prices reaching $101 per barrel, high US bond yields at 5.299 percent, and signals from the Fed meeting regarding potential interest rate hikes and prolonged inflation.
Asian markets including Kospi, Nikkei, and Taiwan traded with losses in the morning, while the US market closed lower in the previous session with the Dow Jones, Nasdaq, and S&P 500 all remaining in the red.
The dollar index reached the 102 level, and crude oil prices experienced a 1.54 percent increase to reach $101 per barrel.
