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Markets Retreat From Day Highs As Sensex Drops 1000 Points And Rupee Gains
M
Moneycontrol•12-10-2026, 15:12
Markets Retreat From Day Highs As Sensex Drops 1000 Points And Rupee Gains
- •Markets retreated from their day highs with the Sensex falling 1000 points and the Nifty dropping 300 points from its peak.
- •Market breadth remained positive with a 2:1 advance-decline ratio while India VIX jumped 7 percent.
- •Banking FMCG and IT stocks faced pressure whereas auto stocks like Bajaj Auto and TVS Motor gained 2 percent each.
- •The Indian rupee appreciated 74 paise to reach 95.99 against the US dollar.
- •India 10-year bond yield reached a three-year high and Brent crude hovered around 104 dollars a barrel.
Key Questions Answered
Markets retreated from their day's highs, with the Sensex dropping 1,000 points and the Nifty falling 300 points from their respective peaks.
Auto stocks advanced with Bajaj Auto and TVS Motor gaining 2% each, while media shares like Prime Focus surged 15% and smallcaps led broader market outperformance.
The Indian rupee appreciated by 74 paise to reach 95.99 per dollar, while India's 10-year bond yield jumped to its highest level in three years.
