Black Monday Stock Markets shocked investors as Indian markets opened with heavy losses on Monday. Black Monday Stock Markets saw a sharp fall after global tensions and rising oil prices triggered panic selling in the market.
The benchmark indices recorded steep losses in early trading. The BSE Sensex dropped more than 800 points, while the Nifty slipped over 250 points. Investors rushed to sell shares amid fears of economic uncertainty and global instability. Banking, IT, and automobile stocks faced strong selling pressure during the session. As a result, investors lost thousands of crores in market value within a short time.
Meanwhile, the Indian rupee also weakened sharply against the US dollar. The currency fell to around ₹96.32 per dollar, marking a new all-time low. Analysts say rising crude oil prices and increased demand for the dollar pushed the rupee down further. If the trend continues, import costs may rise and inflation could increase in the coming months.
