Sensex tumbles 500 points: Why is stock market falling today
India Today
At 10:10 am, the S&P BSE Sensex was down 501.14 points at 81,747.47. The NSE Nifty50 fell 176.20 points to 25,320.35. Both indices were down over 0.5%.
Stock markets opened lower on Friday and extended losses in early trade, tracking weak global cues and broad-based selling across sectors. Investor mood remained cautious ahead of the local GDP data due later in the day.
At 10:10 am, the S&P BSE Sensex was down 501.14 points at 81,747.47. The NSE Nifty50 fell 176.20 points to 25,320.35. Both indices were down over 0.5%.
"The clarity is not emerging with respect to trade tariffs and also the rising markets. Market territory is right now, buy on dips, sell on rally, kind of market. After the recent rally, we are witnessing some kind of profit booking, that also has a technical reason," said Kranthi Bathini, Director - Equity Strategy, WealthMills Securities Pvt Ltd.
"The trade tariffs are still lingering in the global trade space at this point of time. And also rising geopolitical issues creating some kind of uncertainty in the medium to short term. That is the reason investors and short-term traders want to pay on cash at this point of time," he added.
There was selling across most sectors in early trade. Sectoral indices showed weakness in auto, banking, financials, FMCG, metal, pharma, PSU banks, private banks, realty, healthcare, oil and gas, consumer durables and media.
Nifty Auto was down 1.01%. Nifty Financial Services fell 0.95% and Nifty FMCG declined 1.37%. Nifty Metal was lower by 0.75%, while Nifty Pharma slipped 0.68%.
Quick commerce has become the go-to option for instant groceries and food deliveries. But with LPG prices rising and supply concerns growing, the cost pressure may be building behind the scenes. Could this soon make your quick commerce orders costlier? Let's have a look.
Sensex has declined over 6,000 points or roughly 7.5% in a little over two weeks as global tensions and rising oil prices triggered selling in equities.
Speaking in Parliament, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said India has adequate fuel stocks, and there is no cause for concern over availability.
Industry sources told India Today TV that airline operators are now paying additional insurance charges for every aircraft flying into the Middle East, significantly increasing the cost of operations on these routes.
Under law, a domestic household is generally allowed to keep two LPG cylinders of 14.2 kg each at a time. This usually includes one cylinder connected for use and another spare cylinder kept as backup.
Early signals from GIFT Nifty suggest that the benchmark indices could open lower when trading begins. GIFT Nifty futures were trading at 23,784.50 at around 7:58 am. This indicates that the Nifty 50 may open below Wednesday's closing level of 23,866.85.
When markets fall sharply, fear often takes over investing decisions. But did you know continuing SIPs during market crashes has historically rewarded disciplined investors?
The move comes as global energy markets remain on edge due to escalating tensions linked to the conflict involving Iran, which has raised fears of disruptions to crude oil shipments from the Middle East.
India consumes roughly 5.3 to 5.5 million barrels of crude oil every day. However, domestic production is only about 0.6 million barrels per day. This means the country depends on imports for nearly 85% of its oil needs.
At around 10:47 am, the BSE Sensex was down 750.68 points or 0.96% at 77,455.30, while the Nifty 50 slipped 208.25 points or 0.86% to 24,053.35.
Air India said the fuel surcharge is due to the sharp rise in aviation turbine fuel (ATF) prices since early March 2026, triggered by supply disruptions in the Gulf region.