Market Crash: Sensex Crashes 1,456 Points; TCS, Infosys Hit 52-Week Lows

May 12, 2026, Indian Stock Market Today | The Indian stock market witnessed a brutal selloff on Tuesday, May 12, 2026, marking the fourth consecutive day of losses.

The BSE Sensex plummeted nearly 1,500 points, wiping out a staggering ₹12 lakh crore in investor wealth in a single session.

Market breadth remained firmly negative, with the NSE Advance-Decline ratio at 1:6.

At the Closing Bell:

• BSE Sensex: Plunged 1,456 points to close at 74,559
• Nifty 50: Fell 436 points to settle at 23,380
• Nifty Bank: Declined 885 points to finish at 53,555

Why Did the Indian Stock Market Fall Today?

1. IT Stocks under Pressure

The Nifty IT index crashed 4% today. IT giants TCS and Infosys hit fresh 52-week lows following news of OpenAI’s latest expansion into AI-led tech services.

Read more: Nifty IT Index Crashes 4% Amid OpenAI Disruptions

2. Brent Crude Surges Past $107

Geopolitical tensions in West Asia sent Brent Crude soaring above $107 per barrel. This jump has sounded alarm bells for India’s trade deficit and inflation, leading to a selloff in oil marketing companies like HPCL and BPCL.

Meanwhile, ONGC and Oil India rose as much as 8% after the government cut effective royalty rates on oil and gas production.

3. Rupee at Record Low

The Indian Rupee (INR) hit a new historic closing low of 95.63 against the US Dollar. The weakening currency is sparking fears of further FII outflows and aggressive monetary tightening by the RBI.

4. "Austerity" Sentiment

The market continues to digest PM Modi's appeal for citizens to curb discretionary spending and gold purchases. This "fuel crisis" narrative is keeping sentiment in defensive mode across retail and consumer durable sectors.

Market Snapshot: Indices at a Glance

Key Nifty Indices

Sectoral Performance

Nifty Gainers & Losers

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 93.25 points lower at 23,722.60, reached a high of 23,757.55 and closed at 23,379.55.

The index formed a long bearish candle and continued its lower high-lower low structure for the third consecutive session, signaling strong bearish sentiment.

• Immediate Support: 23,300
• Immediate Resistance: 23,500

BANK NIFTY: Opened 261.50 points lower at 54,178.40, reached a high of 54,365.45 and closed at 53,555.20.

The index formed a long red candle, with all key moving averages trending downward, signaling strengthening bearish momentum.

• Immediate Support: 53,300
• Immediate Resistance: 54,000

Top Trending Stocks Today

• Butterfly Appliances: Stock surged 14% following a 27% YoY rise in Q4 net profit to ₹11.44 crore, with revenue increasing 17% YoY to ₹218.17 crore.
• Oil India: Stock rose almost 8% after the central government announced the rationalization of royalty rates for crude oil and natural gas production.
• Afcons Infrastructure: Stock gained nearly 3% after the company emerged as the lowest bidder (L1) for a ₹7,544 crore railway project in Europe.

World Markets, Crude & Gold Prices

• Global Equities: Asian markets displayed mixed performance, while European markets trended lower. Geopolitical tensions and a risk‑off sentiment continued to weigh on investor confidence, keeping stocks under pressure.
• Crude Oil: Oil prices rose about 3% as US-Iran tensions reignited supply concerns. Brent Crude crossed $107 per barrel, while U.S. WTI reached $101 per barrel.
• Gold Prices: The yellow metal retreated from a three-week high earlier in the day, as fading hopes for a US-Iran peace deal boosted the dollar and oil prices, clouding the US interest rate outlook ahead of key inflation data.

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