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Sensex Falls 1,045 Points as Nifty Hits 2026 Low
Indian shares fell sharply on Thursday.
The Sensex lost more than 1,000 points, and the Nifty also dropped.
The Nifty briefly touched its lowest level of 2026.
Investors were worried because foreign investors were selling shares and oil prices had risen above $104 a barrel.
Higher oil can make it more expensive for businesses and can add to inflation worries.
One report also said India’s central bank raised its key interest rate.
Metal shares fell especially hard, while technology shares did better than most.
Analysts said the market could face more pressure if the Nifty falls below an important level near 22,180.
They also said upcoming company results may help investors judge what happens next.
The Sensex fell 1,045.46 points, or 1.44%, to close at 71,593.24.
The Nifty dropped 371.25 points, or 1.64%, ending at 22,231.80 after touching a 2026 low near 22,180.
Reports attributed the sell-off to foreign investor outflows, rising crude prices and worries about interest rates staying high; one report also cited the RBI’s 25-basis-point repo-rate increase to 5.50%.
Brent crude rose above $104 per barrel, renewing concerns about inflation, growth and corporate costs.
Metal stocks and broader-market shares fell sharply, while IT stocks held up relatively better; analysts identified support near 22,000 and resistance around 22,400–22,600.
- Who
- Indian equity investors and companies listed on the Sensex and Nifty.
- What
- The Sensex fell 1,045.46 points and the Nifty fell 371.25 points; the Nifty touched its lowest level of 2026.
- Where
- Indian stock markets.
- When
- Thursday.
- Why
- Reports cited foreign investor selling, Brent crude above $104 per barrel and concerns about tighter monetary conditions; one report specifically cited the RBI’s repo-rate increase.
Key facts
- Sensex close
- 71,593.24, down 1,045.46 points (1.44%).
- Nifty close
- 22,231.80, down 371.25 points (1.64%).
- Nifty intraday low
- Around 22,180, its lowest level of 2026 according to the reports.
- Brent crude
- Rose above $104 per barrel; one report put it at about $104.49.
- RBI policy
- One report said the RBI raised the repo rate by 25 basis points to 5.50% and adopted a calibrated tightening stance.
- Sector performance
- Nifty Metal was the biggest sectoral laggard; Nifty IT showed relative resilience.
- Broader markets
- One report said Nifty MidCap fell 2.53% and Nifty SmallCap fell 2.34%; another reported a 2.71% decline for Nifty Midcap 50.
- Technical levels cited
- Analysts highlighted support near 22,180–22,000 and resistance around 22,400–22,600.
Quotes
Market watchers
Market commentators assessing the Nifty’s technical levels.
“Markets came under heavy selling pressure on Thursday, extending the prevailing corrective trend and declining nearly one and a half per cent. After a weak opening, the benchmark indices remained under pressure through most of the session and eventually settled close to the day’s lows, reflecting sustained selling pressure across the board.”
rediff.com
“Technically, the Nifty closed below its monthly 50-SMA, confirming deterioration in the medium-term price structure. It also broke the 22,550–22,600 and 22,400 support zones, placing the psychological 22,000 level in focus.”
thehansindia.com
Sources
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