Sensex tanks 1,248 points, Nifty settles below 23,100 on spike in crude oil

Benchmark indices fell sharply on Thursday (September 24, 2026), with the Sensex tumbling 1,247.71 points and the Nifty declining to 23,063, following a spike in crude oil prices and selling in blue-chip Reliance Industries and bank stocks.

Weak global trends also dampened investor sentiment.

The 30-share BSE Sensex tanked 1,247.71 points, or 1.67%, to settle at 73,580.54. During the day, it plummeted 1,264.33 points, or 1.68%, to 73,563.92.

The 50-share NSE Nifty dropped 383.70 points, or 1.64%, to end at 23,063.10.

Among the 30 Sensex firms, 29 ended lower. Bajaj Finance dropped 5.47%, Axis Bank declined 4.67%, Bajaj Finserv 4.06%, InterGlobe Aviation 2.78%, Trent 2.75%, and Mahindra & Mahindra 2.31%.

Brent crude, the global oil benchmark, jumped 2.36% to $105.4 per barrel.