Indian Stocks Plunge: Sensex Drops 550 Points, Nifty Below 26000; FII Selling, Oil Prices Hit Market

• Indian stock markets experienced sharp fluctuations on Monday, December 29.
• Both Sensex and Nifty lost initial gains, turning negative during the day.
• Sensex dropped approximately 550 points from its day's high.
• Nifty fell below the 26000 mark.
• Key reasons for the fall include continuous selling by foreign investors and a surge in crude oil prices.

Why It Matters: Indian markets saw a significant drop on Dec 29 due to foreign selling and rising crude oil prices.