Sensex tanks over 600 points in early trade; crude oil trades above USD 100 per barrel
Weak global cues and higher crude prices dragged most stocks lower as market breadth turned negative, with 1,872 shares declining on the NSE.
- On Thursday, September 24, 2026, India's benchmark BSE Sensex tumbled 632.68 points to 74,189.55 while the NSE Nifty fell 216.15 points to 23,222.55 in early trade.
- Weak global cues triggered the sell-off as Brent crude surged above $100 to $102.2 per barrel and the U.S. 10-year Treasury bond yield climbed to 5.11%.
- The National Stock Exchange of India made its market debut on Thursday, with its Rs 22,569 crore IPO receiving 5.71 times subscription despite market turbulence.
- Market breadth turned sharply negative with 1,872 stocks declining against 745 advancing on the NSE, though Domestic Institutional Investors provided support by buying Rs 2,341.46 crore in equities.
- Analysts including Hitesh Tailor, Technical Research Analyst at Choice Broking Private Limited, warned the "gap-down setup could test key support zones," signaling defensive positioning ahead as global headwinds persist.
42 Articles
42 Articles
Indian Shares Seen Tad Higher At Open
Indian shares look set to open higher on Friday after a heavy sell-off in the previous session. Underlying sentiment, however, may remain cautious as elevated oil prices and a deepening bond sell-off fueled expectations for further interest-rate hikes by the Federal Reserve.
Sensex Tumbles over 600 Points, Nifty Below 23,300 Amid Surge in US Bond Yields
Get latest articles and stories on Business at LatestLY. Indian benchmark indices opened sharply lower as investors digested the impact of the US 10-year Treasury yield crossing 5.10 per cent. Both indices opened with a gap down, with the Sensex falling over 500 points and the Nifty slipping below the 23,300 mark, while the Nifty Private Bank and Nifty Financial Services indices declined around 2 per cent each. Business News | Sensex Tumbles ove…
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