Business EconomyPosted at: Sep 24 2026 8:06PM


Stock Markets end sharply lower as crude oil shoots to $105

New Delhi, Sep 24 (UNI) Indian Stock Markets on Thursday ended sharply lower amid weak global cues as the US benchmark Treasury yield climbed to its highest level since 2007. Further, crude oil prices also surged to $105 a barrel adding woes to the markets.
At close, the Sensex was down 1,247.71 points or 1.67 percent at 73,580.54, and the Nifty was down 383.70 points or 1.64 percent at 23,063.10. Nifty midcap index fell 2 percent and smallcap index declined 1.5 percent.
Among the sectors, all the indices ended in the red. Nifty Private Bank fell 2.2%, Nifty Metal 1.9%, Nifty Bank 1.7%, Nifty Infra 1.5%, Nifty Auto declined 1.5% and Nifty Oil & Gas shed 1.3%. Nifty PSU Bank declined 1.3%. Nifty Energy lost 1.2%, and Nifty FMCG fell 1%.
On Nifty, the key losers were Bajaj Finance, HDFC Life, Bajaj Finserv, Axis Bank, Interglobe Aviation, while gainers included Cipla and NTPC.
Over 120 stocks touched 52-week high.
These included Caplin Labs, Carborundum Universal, Shyam Metalics, Laurus Labs, GNFC, Aurobindo Pharma, among others.
Financial related stocks also faced the heat after IRDAI proposed overhauling commission rules to cap payouts.
Shares of L&T Finance, Axis Bank, Turtlemint Fintech, PB Fintech were down 4-36%, while Angel One slipped nearly 2.7%.
National Stock Exchange of India (NSE) shares ended with 1.8% gain at Rs 1,817 after being listed at Rs 1,800 per share, a premium of 0.84 percent.
Vinod Nair, Head of Research, Geojit Investments Limited, said, "Markets came under pressure amid rising bond yields and a rebound in crude oil prices, reflecting heightened global macroeconomic risks.
"Investor sentiment turned increasingly risk averse as concerns over the interest rate trajectory intensified, driven by lingering uncertainties around inflation and economic growth.
"On the domestic front, the insurance and banking sectors remained weak following concerns regarding regulatory reviews of commission structures and their implications for profitability."
"The market is currently hovering around key psychological support levels. In the absence of fresh positive triggers, near-term sentiment may remain cautious, potentially limiting valuation expansion and making earnings growth likely to become the primary driver of market performance going forward," he added.
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