Indian stock markets, including Sensex and Nifty, experienced their worst single-day fall since March-end, dropping over 2% due to surging crude oil prices, weak global cues, and renewed geopolitical tensions between the US and Iran. This led to a significant erosion of investor wealth.
Indian stock markets, including Sensex and Nifty, fell on Wednesday due to rising oil prices and escalated Iran-US conflict. Broader markets also declined, while foreign investors continued buying. The Indian rupee opened lower against the US dollar.
Indian stock markets surged on Monday, with Sensex and Nifty rallying over 1% to record highs, driven by hopes of a US-Iran peace deal, declining oil prices, and a stronger rupee. Major gainers included financial and industrial stocks, while IT and FMCG saw minor dips. Foreign investors, however, continued to be net sellers.
Foreign investors continued their selling spree in Indian equities, withdrawing Rs 60,847 crore in April following a massive Rs 1,17,775 crore sell-off in March. Cumulative FPI outflows from Indian equities have reached Rs 1,91,969 crore in 2026, reflecting a shift in global capital towards Asian economies benefiting from the AI investment boom, particularly South Korea and Taiwan.
