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Stock Market Plunges: Nifty Down 300 Points, ₹6.33 Lakh Crore Lost in Early Trade
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CNBC Awaaz•28-09-2026, 09:51
Stock Market Plunges: Nifty Down 300 Points, ₹6.33 Lakh Crore Lost in Early Trade
- •Indian stock market experienced a sharp decline on Monday, September 28, with the Nifty falling by 300 points and Sensex also down significantly.
- •The total market capitalization of listed companies decreased by approximately ₹6.34 lakh crore in early trading, from Friday's ₹4,83,25,067.256 crore to ₹4,76,91,117.68 crore.
- •Key reasons for the market fall include stalled US-Iran talks, leading to concerns about oil supply and investor caution.
- •Rising crude oil prices, with Brent crude up 2% to $106.5 per barrel, threaten to increase India's import bill and inflation.
- •Continued selling by foreign portfolio investors, pressure on the Indian rupee against the dollar, and already weak market sentiment contributed to the decline.
Key Questions Answered
The stock market plunged due to stalled US-Iran talks, rising crude oil prices, foreign investor selling, pressure on the rupee, and already weak market sentiment following seven consecutive weeks of losses for the Nifty.
In the initial trading hours on Monday morning, listed companies lost approximately ₹6.34 lakh crore, with the total market capitalization dropping from Friday's ₹4,83,25,067.256 crore to ₹4,76,91,117.68 crore.
Brent crude rose by about 2% to around $106.5 per barrel, threatening to increase India's import bills and inflation. Additionally, foreign portfolio investors acted as net sellers in September, withdrawing more money than they invested and weakening market support.
