Stock Market
Nifty Tests COVID Lows: Oil Surge Fuels Epic Crash
India's Nifty 50 dives to pandemic lows, wiping out ₹13 lakh crore as FPIs flee and crude oil spikes past $115. Unpack the triggers, winners, and what this means for markets.
Lavamgam AIMar 19, 20262 min read read
The Impact
India's stock market just took a brutal hit. The Nifty 50 suffered its biggest single-day drop in 12 months, erasing a staggering ₹13 lakh crore in market capitalization. Ten Nifty constituents now hover at 52-week lows, with the index testing levels last seen during the COVID crash of March 2020.
The Trigger
Foreign portfolio investors (FPIs) hit the eject button hard, yanking out ₹52,704 crore over the past two weeks—the fastest exodus in about 1.5 years. This selling...
Nifty50
Sensex
FPI outflow
crude oil surge
India crash
ONGC
oil marketing companies
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