# Sensex Plunges 876 Points, Nifty Breaks 22,900

> Indian stock markets drop sharply as private banks and IT stocks lead to 876-point Sensex plunge.
- Title: Sensex Plunges 876 Points, Nifty Breaks 22,900 | Shortify
- Summary: Indian stock markets drop sharply as private banks and IT stocks lead to 876-point Sensex plunge. Indian stock markets fell 876 points on Sensex and 257…
- Keywords: sensex, nifty, private banks, it stocks, sensex plunge, nifty break, stock market, rupee, business, money, news, Plunges
- Source: Financialexpress — https://financialexpress.com/market/sharp-sell-off-across-d-street-sensex-plunges-876-points-nifty-breaks-22900-4364798
- Author: Oliviya Kunjumon
- Published: 2026-10-19T11:26:11+00:00
- Read time: 1 min
- Topics: sensex, nifty, private banks, it stocks, sensex plunge, nifty break, stock market, rupee, business, money, news
## Market Closing Today
Indian stock markets ended Monday on a weak note after a sharp selloff.
## Sensex Plunges 876 Points
The Sensex plunged 876 points, while the Nifty fell 257 points to close below 22,900.
## Private Banks Take Biggest Hit
Private banks were among the biggest drags after their September-quarter results raised concerns over margins and future earnings.
## Axis Bank, HDFC Bank, YES Bank Fall
Axis Bank, HDFC Bank and YES Bank fell by up to 5%.
## Nifty Private Bank Index Drops
The Nifty Private Bank index fell nearly 2% and the Nifty Bank index lower by around 1%.
## PSU Banks Buck Trend
Public-sector banks stood out in an otherwise weak session.
## Global Concerns and Crude Oil Focus
Brent crude hovered around $107, 108 per barrel, keeping concerns over India’s import bill and inflation in focus.
## Key takeaway

Indian stock markets fell 876 points on Sensex and 257 points on Nifty as private banks and IT stocks drove losses.