Stories
Stock Market Plunges: Nifty Down 200 Points, ₹4.65 Lakh Crore Lost in 30 Minutes.
- •On Tuesday, September 29, the stock market's initial decline deepened, with the Nifty falling over 200 points.
- •Bank Nifty dropped below 54,000, then 53,950, and subsequently 53,900, losing over 500 points; all 14 Bank Nifty shares faced selling pressure.
- •Investors lost ₹4.65 lakh crore within 30 minutes of market opening, reflecting a significant decrease in market capitalization.
- •Key concerns driving the decline include expensive crude oil ($107 per barrel), US-Iran tensions, higher US bond yields (5.27%), foreign investor selling (₹5,353 crore), and worries about bank profits.
- •High crude oil prices pose a risk of increased import bills and inflation for India, potentially leading to future interest rate hikes.
Key Questions Answered
On Tuesday, September 29, 2026, the stock market plunged due to five major concerns: expensive crude oil around $107 per barrel, US-Iran tensions creating oil supply uncertainty, high US bond yields exceeding 5.27%, heavy selling by foreign investors, and apprehensions regarding bank profits and funding costs.
Within 30 minutes of the market opening on Tuesday, September 29, 2026, the total market capitalization of BSE-listed companies dropped from ₹4,75,43,563.067 crore to ₹4,70,78,191.10 crore, resulting in a loss of approximately ₹4.65 lakh crore.
During the intraday trading session on September 29, 2026, Bank Nifty dropped below 54,000, breached the 53,950 level, and fell past 53,900, registering an overall decline of over 500 points with all 14 constituent shares facing intense selling pressure.
