Sensex tanks 1,247 points as crude surges, financials slide and global risks mount
The New Indian Express 59 min ago·24 Sept 2026, 10:19 am
India’s benchmark Sensex fell sharply on Tuesday, losing about 1,250 points as higher crude oil prices, a pull‑back in financial stocks and mounting global uncertainties weighed on sentiment.
The jump in crude, driven by supply concerns, lifted energy‑related costs and pressured sectors that depend on oil, while weaker financials reflected worries over credit growth and higher borrowing costs. Together they amplified a risk‑off mood, pulling down broader market valuations.
Investors will be watching whether oil prices stabilize, how the Reserve Bank of India responds to inflationary pressure, and the upcoming earnings reports from major banks and corporates. Global developments such as geopolitical tensions or policy shifts in major economies could also shape the market’s next move.
Excerpt from The New Indian Express
Just before the day's close on Thursday (24 September) the Indian equity market was witnessing a sharp and broad-based decline, with selling pressure intensifying during the afternoon session. The Nifty 50 had slipped below the 23,100 level, while the Sensex had fallen by more than 1,200 points from the previous…Read the original at The New Indian Express
Key takeaways
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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