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Stock Market LIVE: Sensex Plunges 700 Points, Nifty Below 22,600
Sentiment: NegativeHigh Priority
What Happened?
On October 28, 2026, the Sensex fell by 700 points, closing at 73,250.59, while the Nifty 50 dropped below 22,600. Jio Platforms' listing is a key focus.
Key points
- GIFT Nifty indicated a gap-down open for Nifty 50, quoted at 22,593.0, down 156 points.
- Asian markets were trading higher despite rising oil prices, with Japan's Nikkei 225 up 1.19% and South Korea's Kospi up 6.1%.
- Brent Crude oil prices rose to $115.9, while WTI Crude surged to $101.3.
- Key companies reporting Q2 results include Hindustan Unilever, Adani Ports, and TVS Motor.
- M.K. Sons Fine Jewels IPO opened today and will remain open until October 30.
Key insights
- The decline in the Sensex may lead to increased caution among investors, particularly in technology stocks.
- Jio Platforms' listing could attract significant attention, influencing market dynamics.
- Rising oil prices may pressure inflation and impact consumer spending.
Why it matters
The significant drop in the Sensex and Nifty could impact investor confidence and market stability.
Tags
Entities
Sensex· IndexNifty· IndexJio Platforms· CompanyHindustan Unilever· CompanyAdani Enterprises· CompanyBrent Crude· ProductWTI Crude· Product
Source
Business Standard
