Markets sink to April lows at noon; crude surge, FII selling batter sentiment across sectors
AI Summary
The current market downturn, exacerbated by rising crude oil prices and geopolitical tensions, highlights a challenging environment for retail investors. With significant declines across sectors and a negative advance-decline ratio, investors should be cautious, particularly in energy and commodity-related stocks. This situation may prompt a reevaluation of portfolio strategies, especially for those heavily invested in sectors sensitive to oil price fluctuations.
Markets deepened their losses through Monday’s mid-session, with benchmarks trading at their lowest levels since early April 2026 as rising crude oil prices, persistent foreign selling, and geopolitical uncertainty over the Strait of Hormuz continued to drag indices lower.
At 12.50 pm, the Sensex was down 953.37 points or 1.29 per cent at 72,942.37, having opened at 73,734.83 against Friday’s close of 73,895.74. The Nifty 50 fell 301.45 points or 1.30 per cent to 22,839.05, well below its previous close of 23,140.50 and its opening of 23,064.90. Sudeep Shah, Vice President – Technical and Derivatives Research at SBI Securities, noted that “...back-adjusted Nifty futures fell to its lowest levels since early April 2026,” with the Nifty’s Advance Decline Ratio standing at a deeply negative 2:48.
Original Article
Published on Hindu BusinessLine
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This is a market news update from Hindu BusinessLine, published on 28 September 2026.
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