Market Bloodbath: Sensex and Nifty Crash as Oil Shock Hits Dalal Street.
Investor Exodus: Surging crude prices and record foreign outflows trigger a 2,300-point freefall in Mumbai.
The Indian stock market suffered a brutal sell-off on Monday, with the BSE Sensex crashing 2,345 points (2.97%) to 76,573 and the NSE Nifty tumbling 708 points to 23,741. This "black Monday" was ignited by Brent crude spiking past $115, a massive blow to oil-dependent economies like India. The panic was compounded by a staggering ₹76,030 crore exit by Foreign Institutional Investors (FIIs) on Friday alone. The carnage was universal: all 30 Sensex firms traded in the red. InterGlobe Aviation plummeted 8% as fuel costs soared, while Asian Paints and Tata Steel faced heavy selling. The rout mirrored a global retreat, with South Korea’s Kospi diving 7% and Japan’s Nikkei 6.5%. Analysts warn that if the West Asian conflict persists, the "oil shock" will continue to drain liquidity and pressure the Indian rupee.