Sensex sinks 642 points as crude oil woes persist
Mumbai, Sep 17: Market benchmark BSE Sensex on Tuesday plummeted 642 points as investors weighed India's fiscal worries due to soaring crude prices in the wake of growing geopolitical tensions in the Middle East.
After nose diving 704 points, the 30-share index ended 642.22 points, or 1.73 per cent, lower at 36,481.09. The broader NSE Nifty too settled 185.90 points, or 1.69 per cent, down at 10,817.60.
On the Sensex chart, losses were mainly driven by Hero MotoCorp, Tata Motors, Axis Bank, Tata Steel, Maruti and SBI falling as much as 6.19 per cent.
Of the 30 scrips of the BSE gauge, HUL, Asian Paints and Infosys were the three gainers.
Investors were spooked by geopolitical uncertainties over the Saudi oil turmoil amid reports that higher oil prices were likely to severely hit economic conditions in India, which imports more than 70 per cent of its oil needs, experts said.
The attack on the world's largest oil processing facility in Saudi Arabia has led to a record surge in global crude prices.
After soaring as much as 20 per cent to USD 71.95 per barrel on Monday, Brent crude futures corrected slightly to trade at USD 67.97 per barrel on Tuesday.
Higher import cost of oil could sharply worsen current account position, compress profit margins and raise inflation, a Nomura report said.
Tracking the movement in oil prices, the rupee further depreciated by 37 paise (intra-day) to trade at 71.97 per US dollar.
Market participants were also on edge awaiting cues from the upcoming trade talks between China and the US as well as a much-anticipated policy meeting of the Federal Reserve, scheduled to begin later in the day.
Elsewhere in Asia, Shanghai Composite Index and Hang Seng ended significantly lower, while Nikkei and Kospi settled in the green.
Stock exchanges in Europe were trading on a mixed note in their respective early sessions.
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Indigo fiasco: B'luru airport suffers disruptions; over 102 services cancelled, KIAL issues advisory
Bengaluru: IndiGo’s service disruption at Bengaluru’s Kempegowda International Airport continued for the fourth consecutive day, leading to the cancellation of over 102 flights on Friday. Many passengers were stranded for more than 12 hours.
According to reports, 52 arrivals and 50 departures were cancelled.
Passengers expressed widespread anger over IndiGo’s lack of proper communication and shared videos and updates on social media highlighting the chaotic situation.
Some users alleged that the airline intentionally cancelled flights to indirectly pressure the Directorate General of Civil Aviation (DGCA) into rolling back the newly introduced ‘weekly rest’ clause under the Flight Duty Time Limitation (FDTL) norms.
A user wrote, “An airline that had two years to meet global standards managed to blackmail the government and force a rollback. What about passenger safety and pilot health? The problem is we will keep flying IndiGo because there is no option.”
An airline company that had two years to meet global standards has managed to blackmail the government and forced it to toll back.
What about passenger safety? Pilot health? Problem is we will keep flying indigo because there is no option pic.twitter.com/cpbwf4SM5D
— Snehesh Alex Philip (@sneheshphilip) December 5, 2025
Another commented, “So the blackmail by @IndiGo6E worked. What about the problems faced by passengers? No accountability?”
So the blackmail by @IndiGo6E worked. What about the problems faced by the passengers. No accountability?? pic.twitter.com/9DNxmH8b0I
— CA Brindavan Giri (@BrindavanG) December 5, 2025
The widespread cancellation came owing to pilot and crew crunch after the DGCA introduced crew shortages triggered by the rollout of the new Flight Duty Time Limitation (FDTL) norms.
A social media user, Nitin Malpani shared a video about this and said, "What are you IndiGo staff doing? We have been at Bangalore airport since 8 pm last night till now. Are you playing with children, elderly and sick people just to change the work schedule of the staff?"
A video of exhausted passengers singing bhajans while waiting at the airport has also gone viral.
Meanwhile, at a time when Indigo cancelled flights to major cities, ticket prices of other airlines sharply surged.
As per reports, the New Delhi–Chennai one-way fare touched nearly ₹66,000, while fares on the Mumbai and Kolkata routes also crossed ₹38,000.
A passenger reported that an Air India ticket from Bengaluru to New Delhi for Saturday evening had risen to nearly ₹34,000, leaving many with no choice but to pay increased prices.
Bengaluru airport issues advisory
In a statement issued on Friday, Bengaluru airport authorities said that IndiGo flights to Mumbai and Delhi had been cancelled and advised passengers to check their flight status directly with the airline before arriving at the airport.
They added that their teams were working with IndiGo and other stakeholders to decrease inconvenience and assist passengers affected by the disruption.
ಇಂಡಿಗೋ ಮೂಲಕ ಕೆಂಪೇಗೌಡ ಅಂತಾರಾಷ್ಟ್ರೀಯ ವಿಮಾನ ನಿಲ್ದಾಣ ಬೆಂಗಳೂರಿನಿಂದ ಪ್ರಯಾಣಿಸುತ್ತಿರುವ ಪ್ರಯಾಣಿಕರು ದಯವಿಟ್ಟು ಈ ಸೂಚನೆಯನ್ನು ಪರಿಶೀಲಿಸಿ. ನಿಮ್ಮ ಸಹಕಾರಕ್ಕಾಗಿ ಧನ್ಯವಾದಗಳು.#ಪ್ರಯಾಣಸಲಹೆ #ಇಂಡಿಗೋ #ಕೆಂಪೇಗೌಡಅಂತಾರಾಷ್ಟ್ರೀಯವಿಮಾನನಿಲ್ದಾಣಬೆಂಗಳೂರು #ಬೆಂಗಳೂರುವಿಮಾನನಿಲ್ದಾಣ #ವಿಮಾನ pic.twitter.com/SLV6Nl69B9
— ಕೆಂಪೇಗೌಡ ಅಂತಾರಾಷ್ಟ್ರೀಯ ವಿಮಾನ ನಿಲ್ದಾಣ ಬೆಂಗಳೂರು (@blrairport_kn) December 5, 2025
Need a sanitary pad for my daughter !
A video of a distressed father pleading for a sanitary pad for his daughter amid the chaos has gone viral across social media platforms, sparking outrage on social media.
In the video, the man can be heard saying, “My daughter needs a pad. Blood is coming out.” He is also seen repeatedly requesting a female staffer for a sanitary pad, but she allegedly refuses.
The video has gone viral, with strong reactions from netizens.
"Need sanitary pad for my daughter," a visibly angry man could be heard venting at the Indigo crew amid hundreds of flight cancellations leaving passengers, in dire need of basic amenities, stranded for hours. pic.twitter.com/TRlMA27DVS
— Piyush Rai (@Benarasiyaa) December 5, 2025
One user wrote, “What kind of airports do we have where even basic emergency services are unavailable?”
What kind of airports we have where we didn't even have basic emergency services.
— Himanshu (@himanshukr2841) December 5, 2025
Another commented, “Welcome to the world’s fourth-largest economy, where one airline brings the aviation ministry to its knees, and ministers get away with zero accountability.”
Welcome to the worlds fourth economy where one airlines brings the aviation ministry to it’s knees @PMOIndia And the ministers get away with zero accountability
— Pintoo Ganguly (@pintooganguly) December 5, 2025
What caused the IndiGo fiasco?
The disruption at India’s largest carrier, which has a control of over 60% of the domestic market comes after crew shortages, which were triggered by the rollout of DGCA’s new Flight Duty Time Limitation (FDTL) norms.
According to a NDTV report, the airline has said that it expects to completely restore its normal services within three to four days.
However, following chaos at major airports, DGCA rolled back the newly implemented FDTL norms on Friday.
