Sensex, Nifty snap winning streak despite easing crude as IT, financials drag
BusinessLine 1 hr ago·22 Sept 2026, 1:14 pm
The benchmark indices closed lower, with the Sensex slipping around 0.4% and the Nifty down about 0.35%, ending near the 74,500 and 23,300 marks respectively. The dip came despite a recent easing in crude‑oil prices, which usually buoy the market.
The fall was led by losses in information‑technology and financial stocks, sectors that carry significant weight in both indices. Their underperformance offset gains elsewhere, highlighting how weakness in a few heavyweight groups can drag the broader market.
Investors will now keep an eye on upcoming macroeconomic data, further oil‑price movements, and earnings reports from the lagging sectors. Shifts in global cues or domestic policy could decide whether the indices regain their recent upward momentum or linger in correction.
Excerpt from BusinessLine
Benchmark indices Sensex and Nifty ended lower on Tuesday, snapping the Nifty’s four-day rally, as losses in IT, financial and capital goods stocks outweighed positive global cues and easing crude oil prices. The BSE Sensex fell 329.91 points, or 0.44 per cent, to settle at 74,529.08 (touching an intraday low of…Read the original at BusinessLine
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