Sensex, Nifty See Sharp Drop as Iran President's UN Remarks Push Crude Above $102; NSE IPO's Debut in Focus
Banks and NBFC shares led losses as Brent crude rose above $102 a barrel and the Nifty opened 225 points lower, analysts said.
- On Thursday, benchmark indices BSE Sensex and NSE Nifty tumbled in early trade, with the BSE Sensex tanking 632.68 points to 74,189.55 and the NSE Nifty dropping 216.15 points to 23,222.55.
- Global cues including a surge in Brent crude prices above the USD 100 per barrel mark and a 10-year Treasury yield rise above 5 per cent drove the negative sentiment across markets.
- In early trade, 745 stocks advanced against 1,872 stocks declining on the NSE, reflecting negative breadth; among the 30 Sensex firms, Bajaj Finance dropped 4.75 per cent while HCL Tech gained 0.03 per cent.
- Chief Investment Strategist V K Vijayakumar of Geojit Investments Limited noted the National Stock Exchange's Rs 22,569 crore IPO received an overall subscription of 5.71 times, with the listing drawing market focus today.
- Technical Research Analyst Hitesh Tailor at Choice Broking Private Limited said, "The near-term tone is likely to turn defensive," emphasizing that holding key support zones remains crucial for maintaining market stability.
18 Articles
18 Articles
Markets Open Lower As Crude Oil Crosses $100; Sensex Falls 600 Points
Stock markets opened sharply lower on Thursday, tracking a rise in crude oil prices after Brent crude moved above $100 a barrel in the previous session. At 9.16 am, the BSE Sensex was trading at 74,240.87, down 600 points, or 0.79
Stock Market Crash: Thursday started off very poorly for stock market investors. The Sensex and Nifty crashed as soon as the market opened. The BSE Sensex plunged by more than 700 points upon opening.
24 September, 2026 Stock Market Updates: Sensex, tumbles 555 points, Nifty near 23,200 as crude prices jump
India's equity benchmark indices, the Sensex and Nifty, tumbled in early trading on Thursday amid weak global cues after Brent crude spiked above USD 102 and the US 10-year bond yield rose to 5.11 per cent. While the 30-share BSE Sensex shed 555.85 points or 0.74 per cent to start the session at 74,272.40, the Nifty fell 225 points to open at 23,221.80. In the last trading session, the Sensex closed at 74,828.25 and the Nifty 50 at 23,329. Simi…
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