Indian equity indices plunge to six-month lows amid global turmoil

Indian equity markets suffered a sharp correction on Monday, with the BSE Sensex dropping 1,124.02 points to close at 72,771.72, its lowest level since March 30, 2026. The NSE Nifty fell 360.25 points to 22,780.25, marking a near six-month low. The downturn wiped out roughly Rs 7.52 lakh crore of wealth in one day, and over the past month the Sensex and Nifty have each lost more than 5% in value.

Among the 30 Sensex constituents, only Infosys ended higher, while Larsen & Toubro, Power Grid, Adani Ports, HDFC Bank, Hindustan Unilever and Reliance Industries posted declines of over 2%. Sectoral indices across the board fell, with PSU banks, power and telecom leading the losses. Analysts cite rising crude oil prices, heightened geopolitical tension, and expectations of further US Federal Reserve tightening as key drivers of the bearish sentiment.