# The 30-share BSE Sensex plunged 1,456.04 points, or 1.92%, to close at 74,559.24.

*business · news · 2026-05-12 · Times of India*

## Key points

- BSE-listed companies' total market valuation fell by Rs 16.77 lakh crore in four sessions.
- Investors interpret PM Modi's austerity messaging as preparation for a tougher macroeconomic environment.
- The market decline is driven by a macroeconomic 'triple hit'—crude surge, rupee low, and FII outflows.
- Sector-specific impacts include negative effects on paint, aviation, chemicals, and oil marketing companies.
- Upstream oil companies, EV-related firms, and defensive sectors like Pharma and FMCG may outperform.

**Companies:** Tata Consultancy Services, Tech Mahindra, HCL Technologies, Adani Ports and Special Economic Zone, Titan Company, Bharat Electronics, State Bank of India
**Countries:** India

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/india-business/rs-16-77-lakh-crore-gone-stock-market-crash-over-four-days-leaves-investors-with-deep-losses-whats-the-road-ahead/articleshow/131041485.cms)

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