The Sensex closed at 71,924.68, down 547.65 points, and the Nifty 50 closed at 22,363.35, down 157.10 points, on Monday, October 12, 2026, according to HDFC Sky.
The RBI directed oil companies to source dollars away from the spot market and tightened hedging rules over the weekend.
Analysts cited foreign outflows, higher bond yields, crude near 106 dollars and Middle East tensions.
The rupee’s closing level was not available in the reports reviewed.
Among Nifty 50 stocks, ITC, Tech Mahindra, L&T, Hindalco and Hindustan Unilever were among the top losers, with falls of about 2% to 3%.
Dr Reddy’s Laboratories, Bajaj Auto, Tata Motors Passenger Vehicles, Bharat Electronics and BSE Ltd were among the top gainers, according to HDFC Sky.
The rupee opened stronger, about 94 to 98 paise higher at around 95.75 to 95.77 per dollar against Friday’s close of 96.73, according to India TV and Analytics Insight.
HDFC Sky said the early recovery in the rupee did not translate into sustained buying in equities, and no closing rupee level was given in the reports reviewed.
Over the weekend, the Reserve Bank of India directed oil companies to source their dollar needs away from the spot market and tightened rules on foreign exchange hedging, according to HDFC Sky.
The RBI had recently raised the repo rate by 25 basis points to 5.5%, according to the same report.
Crude oil eased early in the session and then rose to about 106 dollars a barrel, according to HDFC Sky.
Analysts cited persistent foreign portfolio investor outflows, higher bond yields, tensions in the Middle East and weak global cues as reasons for the fall.
India VIX, a gauge of expected volatility, rose 6.05% to 15.23, according to HDFC Sky.
Business Standard’s closing report headline gave the Sensex fall as 548 points and the Nifty close as 22,363.
BSE building, Mumbai (file image), Wikimedia Commons, CC BY 2.0
