Indian Markets Extend Losing Streak as Sensex Falls 1,037 Points

Indian stock markets plunged Monday, with the Sensex falling over 1,037 points and the Nifty dropping below 23,000, extending a seven-week losing streak as crude prices surged and global bond yields climbed. Selling was broad-based across all 16 major sectoral indices, with midcap and smallcap stocks also declining. Brent crude rose 2.17% to $106.58 a barrel, while the rupee remained under pressure ahead of Tuesday's derivatives expiry. Market experts cited rising oil prices, geopolitical tensions, and weak global cues as key challenges. Domestic institutional buying is helping absorb foreign selling, though primary market supply is limiting recovery. Analysts are watching 22,800-22,700 as the next support level.