Sensex tanks over 600 points in early trade; crude oil trades above $100 per barrel
Indian benchmark indices Sensex and Nifty fell sharply in early trade as crude oil prices surged above $100 per barrel and global market trends remained weak. Financial stocks led the decline, while market participants also monitored the highly anticipated market debut of the National Stock Exchange (NSE).
Why it matters
Surging oil prices and rising global bond yields threaten domestic market stability and investor sentiment in India's financial sector.
Benchmark indices Sensex and Nifty tumbled in early trade on Thursday (September 24, 2026) as crude oil prices surged above the $100 per barrel mark.
Selling in banks, NBFC stocks and weak trends in global markets also dented markets' sentiment.
The 30-share BSE Sensex tanked 632.68 points to 74,189.55 in early trade. The 50-share NSE Nifty dropped 216.15 points to 23,222.55.
Among the 30 Sensex firms, Bajaj Finance dropped 4.75%, while Bajaj Finserv declined 3.49%.
Axis Bank, InterGlobe Aviation, Kotak Mahindra Bank, and HDFC Bank were also among the major laggards.
However, Tech Mahindra, Sun Pharma, HCL Tech, ICICI Bank, and Tata Consultancy Services were the winners.
Brent crude, the global oil benchmark, traded 0.90% lower but reached above at the $100 per barrel mark to quote at $102.2 per barrel.
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