# Stock Market Crashes: Sensex Drops 900 Points, Nifty Below 22,900

> Sensex sinks nearly 900 points as heavy bank stocks and oil prices trigger Rs 5 lakh crore selloff.
- Title: Stock Market Crashes: Sensex Drops 900 Points, Nifty Below…
- Summary: Sensex sinks nearly 900 points as heavy bank stocks and oil prices trigger Rs 5 lakh crore selloff. Indian stock market fell 1% with Sensex dropping 900…
- Keywords: sensex, nifty, axis bank, hdfc bank, brent crude, fii outflows, stock market crash, money, business, Stock, Market, Crashes
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/sensex-falls-200-pts-nifty-below-23100-what-lies-ahead-for-dalal-street/articleshow/135039622.cms
- Author: Debaroti Adhikary
- Published: 2026-10-19T04:34:00+00:00
- Read time: 1 min
- Topics: sensex, nifty, axis bank, hdfc bank, brent crude, fii outflows, stock market crash, money, business
## Market Crash
Indian stock market crashed Monday with Sensex dropping nearly 900 points to 73,853 and Nifty falling over 250 points below 22,900.
## Heavyweight Bank Stocks Fall
Axis Bank shares dropped 4% after reporting 38% year-on-year net profit rise to Rs 7,003 crore for Q2FY27, missing analyst estimates.
## HDFC Bank Shares Plunge
HDFC Bank shares fell over 2% after reporting Rs 19,510 crore net profit for Q2FY27, a 4.6% jump from previous year.
## Oil Prices Surge
Brent crude futures declined more than 2% but traded above $107 per barrel after US President Trump waived sanctions on Russia.
## Global Market Weakness
Japan’s Nikkei fell 0.64% while Indonesia’s Jakarta Composite crashed more than 5%, and Indian stocks dropped as AI stocks rose.
## Profit Booking Activity
Nifty gained over 2% between Thursday and Friday before today’s sharp downturn due to expiry-day volatility.
## FII Outflows Persist
Foreign investors bought Rs 1,166 crore on Friday but FIIs have been net sellers in nine out of 11 sessions in October.
## Market Analyst Views
V K Vijayakumar noted high crude prices will act as a strong headwind despite attractive valuations and rupee appreciation.
## Technical Outlook
Nifty holding 23,000 remains crucial with key support at 22,950 and resistance at 23,300 for the day.
## Market Impact
Selloff wiped nearly Rs 5 lakh crore off combined market value of BSE-listed companies, taking it below Rs 468 lakh crore.
## Key takeaway

Indian stock market fell 1% with Sensex dropping 900 points and Nifty below 22,900 due to private bank results, oil prices, global cues, profit booking, and FII outflows.