Sensex drops over 600 points dragged by IT stocks, rising crude oil prices
Indian stock market indices Sensex and Nifty fell significantly due to poor performance in IT stocks and rising global crude oil prices. Market sentiment remains cautious ahead of the U.S. Federal Reserve's upcoming policy decision.
Why it matters
The market volatility reflects broader economic concerns regarding inflation, energy costs, and global monetary policy impacts on emerging markets.
Sensex drops over 600 points dragged by IT stocks, rising crude oil prices left File photo for representational purposes only. Reuters Reuters https://th-i.thgim.com/public/incoming/lvzj7p/article71116509.ece/alternates/FREE_1200/2025-11-07T065921Z_1148292179_RC2USDAMZK08_RTRMADP_3_INDIA-STOCKS-FLOWS.JPG FRANCIS MASCARENHAS FILE PHOTO: Men walk past a screen displaying market results outside the Bombay Stock Exchange (BSE) in Mumbai, India, April 7, 2025. REUTERS/Francis Mascarenhas TPX IMAGES OF THE DAY/File Photo The 30-share BSE Sensex tumbled 601.14 points to 72,997.55 in early trade and the 50-share NSE Nifty tanked 146 points to 22,604.80 Mumbai Stock market benchmark indices Sensex and Nifty tumbled in early trade on Wednesday (October 28, 2026), dragged by IT companies, rising crude oil prices and caution ahead of the U.S. Federal Reserve’s policy decision. The 30-share BSE Sensex tumbled 601.14 points to 72,997.55 in early trade. The 50-share NSE Nifty tanked 146 points to 22,604.80.
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4 other newsrooms covered this event. We read each version separately.
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