The headline Nifty 50 index hit its lowest point in 2026 at 22,179.90, which also marked its 52-week low, as a market-rout dragged stocks and dampened sentiment. Over
At 3:08 p.m., the Sensex was down 1,232.23 points or 1.7% at 71,406, and the Nifty was down 412.30 points or 1.8% at 22,191.
According to experts, the key trigger is the sharp rise in crude oil above $104 a barrel on an intraday basis, driven by escalating West Asia tensions and concerns over supply disruptions through the Strait of Hormuz.
"At the same time, the US 10-year yield has climbed to 5.35%, strengthening the dollar and accelerating capital outflows from emerging markets," said Kotak Neo's Srikanth Chouhan.
Alchemy’s Alok Agrawal concurred. The exact reason for the Sensex’s 1,000-point mid-market crash is the same set of pressures that have been weighing on markets through September–October: rising yields in the US, high crude oil prices, and limited growth in India in the face of these headwinds.