Closing Bell, 24 September 2026: Sensex Tumbles Over 1200 Points; Nifty 50 Ends Below 23,100

Bears roared in D-Street as a host of domestic and global factors, including high crude prices, bond yields and a weak rupee, pulled benchmarks down in today's trade. At close, the:

• Sensex slumped over 1200 points and ended at 73,580.54, down 1.67%

• Nifty 50 lost over 350 points and stood at 23,063.10, down 1.64%

Even broader markets felt the heat and closed in the negative. The Nifty Midcap 100 and Nifty Smallcap 100 declined and finished 2.25% and 1.53% lower, respectively.

Nifty 50 Today: Gainers And Losers

The following stocks were the top three gainers and losers on the Nifty 50 index today:

Factors Contributing To Today’s Bloodbath

The following factors contributed to today’s market decline:

• High US 10-year Treasury bond yields, which surged to a 19-year high

• Significant jump in oil prices that went above $102 per barrel in early trade

• Tumbling of the rupee, which slid 14 paise to 95.87 against the US dollar in early trade

Crude Oil Prices Today

Though Iran signalled about remaining open to diplomacy to end the war, crude oil prices remained elevated. At around 15:34, Brent crude November futures stood at $105.62 per barrel. At the same time, West Texas Intermediate (WTI) crude oil November futures stood at $93.84 per barrel.

Gold And Silver Prices Today

Gold and silver traded lower on the Multi-Commodity Exchange of India (MCX). At 15:36, MCX gold prices for October 2026 futures stood at ₹1,50,350 per 10 grams, down 0.63%. At the same time, MCX silver prices for December 2026 futures stood at ₹2,33,199 per kg, down 1.14%.

Other News Headlines

Here are some other headlines for the day:

• The Indian Primary Copper Producers Association is in discussions with the government over a proposal to bring down the goods and services tax (GST) on a range of copper products to 5% from 18%.

• The Reserve Bank of India (RBI) has carried out at least $10 billion in currency swaps in recent weeks to drain surplus liquidity from the financial system, amid concerns that excess cash could add to inflationary pressures.

What’s Next?

Markets are likely to remain volatile in the next trading session as investors track elevated crude oil prices, global bond yields and movements in the rupee. With Brent crude still above $100 a barrel, concerns over imported inflation and its impact on corporate margins could continue to weigh on sentiment.

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