Why market is falling today? Sensex falls 700 points as rupee weakens to record low amid Mideast woes. 5 k
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
Why market is falling today? Sensex falls 700 points as rupee weakens to record low amid Mideast woes. 5 k
Indian stock markets opened lower as the rupee hit a fresh lifetime low, influenced by elevated oil prices and US President Trump's rejection of Iran's peace proposal. The Sensex and Nifty extended losses, with IT stocks among the top decliners, reflecting broad bearish sentiment amid global uncertainties and FII selling.
