CA-20260924-4269High Exam Priority
Sensex plunges 1,248 points and Nifty slips below 23,100 amid soaring global crude oil prices
24 September 2026
4 min read
Indian benchmark indices suffered heavy losses as the BSE Sensex tumbled 1,248 points and the Nifty dropped below the 23,100 mark. The downturn was triggered by surging global crude oil prices and rising U.S. Treasury yields that heightened investor anxiety.
Key Highlights
- The 30-share BSE Sensex plummeted by 1,247.71 points to settle at 73,580.54, while the NSE Nifty declined 383.70 points to close at 23,063.10.
- Brent crude oil prices spiked by 2.36% to reach $105.4 per barrel, putting heavy pressure on domestic equity markets.
- Selling pressure was broad-based, led by major blue-chip stocks including Bajaj Finance, Axis Bank, and Bajaj Finserv.
- Surging U.S. Treasury yields, with the 10-year yield touching 5.11%, fueled apprehensions of tighter global financial conditions and potential Federal Reserve rate hikes.
Exam Quick Facts
Nodal Ministry / Dept
Ministry of Finance
Key Bodies
Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), BSE Limited, National Stock Exchange (NSE)
Constitutional & Legal Context
Regulated under the Securities Contracts (Regulation) Act, 1956 and overseen by the Securities and Exchange Board of India (SEBI) established under the SEBI Act, 1992.
Static GK Connection
The BSE Sensex is India's oldest stock index comprising 30 well-established companies, while the Nifty 50 tracks the 50 largest stocks on the National Stock Exchange.