Stock market ends FY26 on weak note as Sensex, Nifty tumble amid rising oil prices and Middle East tensions
Indian stock market update: Indian stock markets closed sharply lower on Monday, marking a weak end to the financial year 2025–26. The decline came as rising tensions in West Asia and a surge in crude oil prices dampened investor sentiment. The 30-share BSE Sensex dropped 1,635.67 points, or 2.22 per cent, to settle at 71,947.55. During the day, it had fallen over 1,800 points. The broader NSE Nifty also slipped 488.20 points, or 2.14 per cent, to close at 22,331.40.
Most of the heavy selling was seen in financial stocks. Shares of Bajaj Finance, State Bank of India, InterGlobe Aviation, Bajaj Finserv, Axis Bank and Kotak Mahindra Bank were among the top losers. On the other hand, Tech Mahindra and Power Grid Corporation of India managed to end the session in the green.
Global oil prices remained a major concern. Brent crude rose over 2 per cent to around $115 per barrel, increasing worries about inflation and economic slowdown. Weak trends in Asian markets and continued selling by foreign investors further added pressure on domestic equities.
For the full financial year 2025–26, the Sensex declined by over 5,400 points, or 7 per cent. The Nifty also ended the year lower by around 5 per cent.
The Indian rupee witnessed sharp swings during the day due to uncertainty in global markets. It briefly crossed the 95 mark against the US dollar before closing at 94.78 (provisional). Forex traders said volatility remained high as the West Asia conflict entered its 31st day, keeping energy markets on edge.
The rupee opened stronger at 93.62 and even touched 93.57 during the session. However, it later gave up gains and settled marginally higher compared to its earlier close of 94.85. On Friday, the currency had hit a record low after a sharp fall.
- With inputs from agencies
