Sensex down 1,247 pts as crude spikes past $105

Indian markets closed sharply lower today, 24 Sept 2026, as crude oil surged past $105 per barrel and U.S. bond yields hit 5.11%. The Sensex fell 1,247 points (−1.67%) to 73,580.54 and Nifty slipped 383 points (−1.64%) to 23,063.10, with all major sectors ending in the red. 📉 Market Summary – 24 Sept 2026 Index Close Change % Change Sensex 73,580.54 −1,247.71 −1.67% Nifty 50 23,063.10 −383.70 −1.64% Bank Nifty 55,710 (est.) −1.7% — Midcap 100 — −2.25% — Smallcap 100 — −1.53% — Rupee: Closed at ₹95.96 against USD, down 23 paise. Brent Crude: Jumped 2.36% to $105.4 per barrel. 🔍 Key Market Drivers Global Yields & Crude Spike: U.S. 10‑year Treasury yield at 5.11% and Brent crude above $105 triggered risk‑off sentiment. Geopolitical Tensions: Renewed U.S.–Iran friction and Middle East uncertainty kept investors cautious. Sector Sell‑off: Private banks, financials, autos, and metals led declines; defensives like pharma and IT fell less. FII & DII Flows: Despite yesterday’s buying (FIIs ₹1,617 cr, DIIs ₹2,341 cr), today’s global shock overrode domestic support. 🏦 Top Losers & Gainers Losers: Bajaj Finance (−5.47%), Axis Bank (−4.67%), Bajaj Finserv (−4.06%), InterGlobe Aviation (−2.78%), M&M (−2.31%).

Gainers:. Cipla (+0.8%), NTPC (flat to +0.2%) All sectoral indices closed negative: Private Bank: −2.2%  Metal: −1.9%  Auto: −1.5% Infra: −1.5%  Oil & Gas: −1.3%  FMCG: −1% 🧭 Technical Outlook Nifty: Formed a strong bearish candle; RSI below 40 shows weak momentum. Support: 23,000 – 22,950  Resistance: 23,600 – 23,650 Bank Nifty: Under pressure below 55,800; needs short‑covering for reversal. Trend: Negative until meaningful buying emerges; oversold zone may invite technical bounce near support. 🏢 Corporate Highlight NSE IPO Debut: National Stock Exchange listed today at ₹1,800 and closed at ₹1,818 (+1.85% vs ₹1,785 IPO price), valued at ₹4.49 lakh crore — India’s second‑largest IPO after Hyundai Motor India (2024).