The BSE Sensex dropped nearly 700 points on Wednesday, opening at 72,907.65, primarily due to rising crude oil prices and ongoing foreign portfolio investor (FPI) outflows. The NSE Nifty 50 also fell, trading at 22,566.45, as investors reacted to geopolitical uncertainties and awaited the US Federal Reserve's policy meeting. Brent crude prices increased by 1.32 percent to USD 115.39 per barrel, raising concerns about the impact of higher energy costs on the Indian economy. Dr. V. K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, indicated that the market's weakness was influenced by fears of renewed US strikes on Iran and emphasized the need for a decline in crude prices and a reversal in FPI selling for market recovery.
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Prime Minister Narendra Modi will begin a two-day visit to Gujarat tomorrow, during which he will launch development projects valued at over ₹14,000 crore.
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King Charles III began a nine-day tour of the Caribbean on October 27, 2026, starting in the Bahamas, amid increasing local demands for reparations related to British slavery.