Business · Markets · 2 hrs ago
Indian markets fall as bank earnings and high oil prices weigh
Indian shares fell more than 1% on Monday, ending a two-day rise.
The Sensex closed at 73,852.90 and the Nifty 50 at 22,888.95.
Large private banks led the losses after some September-quarter earnings disappointed investors: HDFC Bank and Axis Bank fell short of expectations, while ICICI Bank beat them.
Investors remain concerned about high oil prices and tensions in West Asia, which could add to inflation, raise India's import bill and hurt company profits.
Oil prices dipped after the United States lifted sanctions on Russian energy, but investors still considered them high.
Indian financial markets will be closed on Tuesday for Dussehra.
Indian equity markets fell more than 1% on Monday, ending a two-day winning streak.
Weak September-quarter results from large private banks and concerns about high oil prices weighed on investor sentiment.
The Sensex dropped 876.38 points, or 1.2%, to 73,852.90.
The Nifty 50 fell 257.20 points, or 1.1%, to 22,888.95.
Markets were due to close on Tuesday for Dussehra.
- Who
- Indian equity investors and traders.
- What
- The Sensex and Nifty 50 fell more than 1%. Weak bank earnings and high oil prices weighed on sentiment.
- When
- Monday, October 19, 2026. Indian financial markets were due to close the following day for Dussehra.
- Where
- India, with the reported indices tracking the country’s equity markets.
- Why
- Large private banks’ September-quarter results failed to enthuse investors, while high oil prices and geopolitical tensions added concern.
This story does not have two clearly opposing sides.
Both the Sensex and Nifty 50 rose around 2.8%.
Indian equity indices fell more than 1%, snapping a two-day winning streak.
Indian financial markets were due to close for Dussehra.
- Sensex close
- 73,852.90, down 876.38 points or 1.2%
- Nifty 50 close
- 22,888.95, down 257.20 points or 1.1%
- Nifty Private Bank
- Fell 1.8%
- Brent crude futures
- Fell 1.5% to $108.18
- Market breadth on BSE
- 3,153 of 4,658 stocks declined; 1,283 advanced
What people are saying
Today's decline reflects profit-booking following the previous week's recovery. Investors remain cautious because of oil prices and the quarterly earnings announcements,
Persistent geopolitical tensions in West Asia and elevated crude oil prices continue to weigh on investor confidence, keeping concerns over inflation, India's import bill and corporate profitability in focus,