Published Sep 24, 2026 | 6:17 PM ⚊ Updated Sep 24, 2026 | 6:21 PM
FIle photo of BSE building.
Weighed down by weak global cues and a steep rise in US bond yields, the Indian stock market tumbled on Thursday, 24 September, with the BSE Sensex settling at 73,580.54, down 1,247.71 points, or 1.67%.
The Nifty 50 followed suit, closing at 23,063.10, lower by 382.70 points or 1.64%
The stock market tumble resulted from an intensified selloff as surging bond yields, high crude oil prices, a weaker rupee, and mounting expectations of higher US interest rates spooking investors.
Bajaj Finance was the worst hit on the Sensex, followed by Axis Bank, Bajaj FinServ, IndiGo and Trend.
The selloff extended beyond large-cap stocks, reflecting weakness across the broader market. It affected heavyweight financial stocks, including HDFC Life, Bajaj Finance, Axis Bank and Bajaj Finserv.
Banking and financial stocks felt intense selling pressure after the Insurance Regulatory and Development Authority of India proposed sweeping changes to insurance commission rules.
An anticipated US Federal Reserve rate hike also added to the pressure on the equity market. With higher crude prices and rising global bond yields weighing on the currency, the rupee came under additional pressure.
Though crude oil prices softened a shade on Thursday, concerns around the Strait of Hormuz added to the markets’ woes.
(Edited by Majnu Babu).
