Indian Stock Market Today: Sensex and Nifty Post Biggest Fall in Over Three Months, Rupee Weakens

Indian financial markets witnessed sharp volatility on Wednesday as the BSE Sensex and NSE Nifty 50 recorded their biggest single-day decline in more than three months. Investor sentiment weakened significantly after global crude oil prices surged amid escalating geopolitical tensions in the Middle East, triggering broad-based selling across banking, information technology (IT), automobile, financial services, and oil & gas stocks.

The sharp sell-off also affected the broader market, eroding several lakh crore rupees in investor wealth as both benchmark indices ended the session deep in the red. Analysts attributed the decline to concerns over rising energy costs, global economic uncertainty, and cautious investor positioning.

Gold prices continued their downward trend across India for the third consecutive trading session. The decline was driven by a stronger US dollar and expectations that global interest rates could remain elevated for a longer period, reducing the appeal of the precious metal as an investment.

In the foreign exchange market, the Indian rupee weakened against the US dollar during early trade, slipping to approximately **₹95.16 per US dollar**. The depreciation was mainly influenced by higher crude oil prices, which increase India's import bill, along with stronger demand for the US dollar in global currency markets.

Overall, Wednesday's trading reflected heightened caution among investors, with equities witnessing heavy losses, gold remaining under pressure, and the rupee trading weaker against the US dollar. Market participants will continue to monitor geopolitical developments, crude oil prices, foreign investment flows, and upcoming global economic data for further direction.