On May 11, 2026, the Indian stock market saw a significant decline with the Sensex falling 900 points and the Nifty dropping 250 points to 23,918.75. This market movement followed Prime Minister Narendra Modi's call for economic self-reliance, where he urged citizens to refrain from purchasing gold for one year and to reduce the consumption of petrol, diesel, and cooking gas. These measures are part of the government's broader austerity push aimed at strengthening the economy. The market reaction reflects investor sensitivity to policy announcements impacting consumer behavior and economic activity. Sensex, Nifty, Share Prices Live Updates: The Prime Minister, while calling for economic self-reliance, asked citizens to avoid purchasing gold for a year and reduce the consumption of petrol, diesel and cooking gas.
Sensex falls 900 points and Nifty drops amid pm modi's call for austerity
by Riddra Markets Desk · 11 May 2026
Market declined as investors reacted to PM Modi's austerity measures promoting economic self-reliance.