Sensex falls about 548 points and Nifty slips as oil, yields and foreign outflows weigh

Mumbai (Maharashtra) [India], October 12 (ANI): Indian stock markets closed lower on Monday, with the Sensex falling 547.65 points, or 0.76 per cent, to 71,924.68, while the Nifty 50 declined 157.10 points, or 0.70 per cent, to close at 22,363.35 amid persistent foreign investor outflows, rising bond yields and escalating tensions in the Middle East.Market sentiment remained weak as investors weighed global unce

Sensex, Nifty, Share Prices Highlights: Benchmark stock index Sensex dropped by nearly 548 points on Monday as a fresh spike in crude oil prices, unabated foreign fund outflows and rising bond yields dented investors' sentiment.

Mumbai: Indian equity markets closed lower on October 12 as foreign investor selling, rising bond yields and tensions in West Asia weakened sentiment. The Sensex fell 547.65 points, or 0.76 per cent, to 71,924.68, while the Nifty 50 lost 157.10 points, or 0.70 per cent, to settle at 22,363.35.The decline reversed the positive opening, with inflation worries and global uncertainty weighing on investor appetite.Sensex Opens 299 Points Higher But Falls 400 Points Within An Hour, Softer Oil Lifts Nifty Above 22,590 Foreign Outflows And Yields WeighVikram Kasat, Chief Business Officer at PL Capital, attributed the selling to higher bond yields, FII outflows, geopolitical tensions and weak overseas cues.He said profit-booking increased volatility. Although the rupee’s recovery offered relief, elevated yields and inflation concerns continued to cloud the outlook.Kasat advised focusing on fundamentally strong businesses and staggering investments until earnings visibility and market participation improve.Media Stocks Outperform As Banks SlipSectoral performance was mixed. Nifty Media surged more than 4 per cent, leading gains among the indices cited.Realty advanced 0.63 per cent, auto gained 0.60 per cent and pharma rose 0.25 per cent.PSU banks fell 1.31 per cent, while IT declined 1.14 per cent. Metals lost 0.55 per cent and private banks slipped 0.52 per cent.Dr Reddy’s Laboratories, Bajaj Auto, BSE, Bharat Electronics, Cipla and TMPV were among the leading Nifty gainers.Apollo Hospitals, ITC, Tech Mahindra, Larsen & Toubro, Max Healthcare and Hindalco featured among the losers.Sensex Crashes 1,000 Points From Day's High, Know- 5 Key Reasons Behind Nifty's 200-Point Fall Brent Reaches $106 As Bullion FallsBrent crude rose 1.15 per cent to $106 a barrel at the time of reporting, renewing concerns about energy costs and inflation.Gold declined more than 1.12 per cent to ₹1,49,800 per 10 grams for 24-karat purity. Silver fell 0.83 per cent to ₹2,23,870 per kilogram.Asian Markets Show Uneven PerformanceSouth Korea’s KOSPI dropped 3.79 per cent to 6,384. Taiwan’s weighted index edged down 0.02 per cent to 49,301.Hong Kong’s Hang Seng gained 0.04 per cent, while Singapore’s Straits Times rose 0.25 per cent.

A broken support, RBI's rupee curbs and a 7.5% jump in India VIX are weighing on sentiment as foreign selling continues.

A broken support, RBI's rupee curbs and a 7.5% jump in India VIX are weighing on sentiment as foreign selling continues.

Mumbai: Indian stock markets witnessed a sharp reversal on Monday as the Sensex plunged over 1,000 points from its intraday high, while the Nifty declined more than 200 points despite a stronger rupee and softer crude oil prices.Selling pressure intensified as investors booked profits, foreign fund outflows continued and concerns over banking liquidity increased.Here are five major reasons behind the market decline:RBI Liquidity Measures Raise ConcernsThe Reserve Bank of India's (RBI) measures to support the rupee raised concerns about liquidity in the banking system.The central bank will sell bonds worth Rs 25,000 crore on Tuesday to absorb excess liquidity. Bulls Return To Dalal Street Ahead Of Navaratri, Sensex Jumps 879 Points And Nifty Crosses 22,500From October 16, banks must maintain 99 per cent of their required daily cash reserves, compared with the existing 90 per cent requirement.This does not increase the Cash Reserve Ratio (CRR) but tightens daily compliance requirements.Bank Nifty declined around 0.5 percent.Profit Booking After Friday's RallyInvestors booked profits following Friday's strong market recovery.On October 9, the Nifty had gained 288.65 points, or 1.30 per cent, to close at 22,520.45.However, Monday's initial gains failed to sustain as selling emerged at higher levels.Market analysts identified 22,600–22,650 as an important resistance zone, while 22,300 remains a crucial support level.Foreign Investors Continue SellingPersistent foreign institutional investor (FII) selling continued to weigh on market sentiment.Foreign portfolio investors have withdrawn Rs 44,166 crore from Indian equities so far in October.On October 9, foreign investors sold shares worth Rs 3,568 crore, marking their 11th consecutive selling session. Sensex Crashes 1,230 Points, ₹10.42 Lakh Crore Wiped Out As 5 Factors Trigger Market BloodbathDomestic institutional investors purchased shares worth approximately Rs 4,743 crore, partially offsetting foreign selling.Market Volatility RisesIndia VIX, the market's volatility indicator, climbed nearly 4 per cent, reflecting growing investor uncertainty.A rising VIX signals expectations of sharper market fluctuations, although it does not necessarily indicate further declines.Investors remained cautious about taking fresh positions.US Bond Yields, Inflation WorriesElevated US Treasury yields added pressure to Indian equities.The US 10-year government bond yield hovered around 5.24 per cent, making American debt instruments relatively attractive.Meanwhile, investors awaited domestic inflation data and quarterly corporate earnings.Concerns over operating margins at DMart also contributed to cautious market sentiment.

Brent crude prices surged to over $105 per barrel, affecting the Indian stock market negatively. The Sensex dropped 1,045 points, significantly impacting investor wealth by Rs 10 lakh crore. Foreign portfolio investors sold stocks worth approximately Rs 13,000 crore, marking a high level of outflows. The ongoing market decline has led to a nine-week losing streak, which could become the longest on record.

Stock Market Crash: Oil prices remain above $100 per barrel as Middle East supply concerns persist.

A hawkish RBI, $100-crude and rupee plunge were among the factors that led to the Indian market snapping its two-day relief rally.

A hawkish RBI, $100-crude and rupee plunge were among the factors that led to the Indian market snapping its two-day relief rally.