Sensex Today: Why India Stocks Are Sliding as Oil Nears $113 and Rupee Hits Record Low
The BSE Sensex dropped 1,958 points, or 2.63%, to 72,574.92 by midday Monday, while the Nifty 50 hit its lowest since April 2025. Brent crude hovered near $113 a barrel, the rupee slid to a record 93.94 per dollar, and foreign investors have pulled $9.57 billion from Indian equities in March. HDFC Bank fell 2.5%, and State Bank of India lost 3.6%.