Sensex plunges 1,000 points, Nifty down 300 points:Global uncertainty, govt’s austerity measures, rising crude oil prices spook investors

Indian equity benchmarks opened in the red on Tuesday, 12 May 2026, mirroring cautious trends across broader Asian markets, amid concerns over the impact of the government’s austerity measures and rising crude oil prices. The BSE Sensex fell 1,000 points to 75,000 in intra-day trading, while Nifty dropped 300 points to 23,500. Among the Nifty sectoral indices, financial services, private bank, PSU bank and consumer durables declined, while FMCG and healthcare saw marginal losses. On the other hand, Nifty Oil Gas advanced as government cuts royalty on domestic oil and gas production. Nifty Metal and Nifty Realty also traded in positive territory. In the commodities market, Brent crude prices rose 0.69% to USD 104.93 per barrel, while crude oil traded at USD 98.88, up 0.82%. Gold prices, meanwhile, slipped 0.20% to USD 4,726.27. Asian markets trading mixed US markets close in the positive on Monday FII sold ₹18,724 crore in the last 7 days Note: Net buying/selling figures of FIIs and DIIs are in crore rupees. Sensex closed 1,313 points lower on Monday The Indian stock market closed in the red on Monday, 11 May, with Sensex down 1,313 points to 76,015, while Nifty fell 360 points to close at 23,815. ​