Sensex drops over 350 points at open; Nifty below 22,700
What Happened
Indian equities opened lower on October 22. The BSE Sensex fell 366.36 points, or 0.50%, to 73,343.33, while the Nifty 50 dropped 123.60 points to 22,687.75. Selling continued after the opening, with CNBC-TV18 reporting the Nifty down more than 200 points and below 22,600 shortly after 9:15 am.
Key Takeaways
Dalal Street has extended its decline, with high crude prices and geopolitical tensions outweighing support from recent foreign-investor buying and the strong response to the Jio Platforms IPO.