Indian equities opened today’s trade on a lower note continued to trade in the red. The Sensex fell by 610.55 points or 0.75 per cent to the day’s low of 81,300.46, while the 50-stock basket dropped 0.87 per cent to a low of 25,077.55. All the sectoral indices were trading in the red.
Financial Services and Auto shares were the biggest drag today. Under the Financial Services sector, Shriram Finance, Muthoot Finance, and SBI Cards and Payment Services were the major losers, falling up to 3.4 per cent.
Although, India’s volatility index, India VIX, which is a gauge of investor nervousness, declined about 3 per cent.
Shriram Finance, Tata Motors PV, Adani Enterprises, SBI Life Insurance, and InterGlobe Aviation were the five major losers in the Nifty 50.
The fall in equity indices came after a significant ten-day long rally. Nifty50 surged more than 11 per cent during the last ten sessions, before halting the rally today. Investors booked profit on higher levels today as soon as markets opened as a rise in inflation and crude spooked the trade.
India’s CPI inflation above RBI target
India’s retail inflation, which is gauged by the Consumer Price Index (CPI), rose to a two-year high of 6.09 per cent in October 2026. It came ahead of the Reserve Bank of India’s (RBI) upper tolerance band of 6 per cent. Inflation was recorded at 5.54 per cent in September 2026.
The latest reading marks a significant rise in price pressures, with food inflation emerging as a key driver. Inflation based on the Consumer Food Price Index (CFPI) accelerated to 8.94 per cent in October, compared with 7.74 per cent in September.
Rise in crude oil prices
Brent crude oil prices hovered above $95 per barrel on Friday as renewed US-Iran tensions supported prices following the previous session’s gains. President Donald Trump stated that Washington no longer requires an agreement with Tehran and directed Vice President JD Vance to prioritize domestic issues. Iran maintained that sanctions and the US naval blockade must be lifted before direct negotiations can resume, while rejecting the removal of enriched nuclear materials. Despite heightened geopolitical uncertainty, oil remained on course for a second consecutive weekly decline as Middle Eastern crude exports continued recovering, said Kedia Stocks and Commodities Research.