Sensex, Nifty decline in early trade as power, metal stocks drag markets lower
Indian equity indices Sensex and Nifty fell in early trade on Thursday, pressured by a broad sell-off across Asian markets and rising crude oil prices. While most major stocks declined, Eternal saw gains following a strong quarterly earnings report.
Why it matters
The market decline highlights the impact of external headwinds like high U.S. bond yields and elevated oil prices on investor sentiment, signaling potential volatility for Indian equities.
Sensex, Nifty decline in early trade as power, metal stocks drag markets lower left A view of the Bombay Stock Exchange in Mumbai. File Reuters Reuters https://th-i.thgim.com/public/incoming/4dn5xy/article71610132.ece/alternates/FREE_1200/2026-10-12T015115Z_2045451392_RC2USDAVTPTH_RTRMADP_3_ZETWERK-IPO.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/File Photo Asian markets were sharply lower, with South Korea's Kospi declining 3.12 per cent, Hong Kong's Hang Seng benchmark falling 3%, Japan's Nikkei 225 index losing 1.94% and Shanghai's SSE Composite Index slipping nearly 1% Mumbai Equity benchmark indices Sensex and Nifty declined in early trade on Thursday (October 22, 2026), dragged down by selling in power and metal stocks amid a broad sell-off across Asian markets. Besides, elevated crude oil prices and firm U.S. bond yields weighed on investors' sentiment. The 30-share BSE Sensex plunged 678.90 points, or 0.92%, to 73,030.79 in the morning trade.
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