Archive · 24 Sep 2026
Indian Stocks Plunge as Yields, Oil and Dollar Rise
Indian stock prices fell sharply on Thursday.
The Sensex lost more than 1,200 points, while the Nifty also declined.
The total quoted value of companies listed on the BSE fell by about ₹4.33 lakh crore.
Investors were worried because bond yields in the United States rose.
Higher oil prices also created concern because India imports oil.
A stronger dollar could make imported oil more expensive and pressure the rupee.
Financial stocks fell after investors considered possible changes to insurance distribution rules.
Monthly derivatives expiry and profit-taking added to the market’s volatility.
The Sensex fell 1,247.71 points, or 1.67%, to 73,580.54 on Thursday, September 24.
The Nifty dropped 383.70 points, or 1.64%, to 23,063.10, moving below 23,100.
The combined market value of BSE-listed companies declined by approximately ₹4.33 lakh crore.
Higher global bond yields, rising crude prices and a stronger dollar weighed on investor risk appetite.
Financial stocks intensified the decline, with the Nifty Bank losing more than 1,000 points and Axis Bank and IndusInd Bank falling about 5% each.
- Who
- Indian equity investors and companies listed on the Bombay Stock Exchange were affected, while financial, fuel-sensitive and metal companies saw notable declines.
- What
- The Sensex and Nifty fell sharply, and the combined market value of BSE-listed companies dropped by approximately ₹4.33 lakh crore.
- When
- Thursday, September 24, with the reported closing levels recorded around 3:30–3:31 pm IST.
- Where
- Indian equity markets, including the Bombay Stock Exchange and the National Stock Exchange; the report is datelined Mumbai.
- Why
- Global bond yields rose, crude oil approached $106 a barrel, the dollar index moved above 101, financial-sector concerns persisted, and derivatives expiry and profit-taking amplified selling.
- Sensex level
- 73,580.54, down 1,247.71 points or 1.67%
- Nifty level
- 23,063.10, down 383.70 points or 1.64%
- Market-value decline
- Approximately ₹4.33 lakh crore
- US 10-year Treasury yield
- About 5.13%
- Brent crude
- Approached $106 a barrel
- Dollar index
- Moved above 101, near a two-month high
- Nifty Bank
- Fell by more than 1,000 points