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Market move▼ Strongly bearish for Indian equities
Stock Market Crash: Five reasons why Nifty fell 400 points, Sensex tanked 1,200 points on Thursday
The brief
- Higher bond yields, crude oil and a stronger US dollar contributed to the sell-off
- Monthly expiry volatility also contributed to the decline
- The market decline hurts Indian equities broadly, while higher crude pressures oil-sensitive sectors
- INR stays pressured as oil prices rebound amid the ongoing West Asia conflict
- Indian central bank likely shielding rupee as US-Iran impasses lifts oil prices, traders say
- Bitcoin falls 1.22% to $83,428 amid higher crude, elevated dollar, cooling ETF flows
- ETMarkets Smart Talk | Fed tightening returns: Ritesh Nambiar on what it means for Indian bonds and the rupee
- Rupee weakens to 95.88–95.95 per dollar as oil rises and foreign outflows persist
Indian shares extend their losing streak
Indian equities came under pressure amid global weakness, rising crude prices and bond yields. The Sensex and Nifty recorded a seventh consecutive weekly decline, their longest such streak since 2020, as foreign investors sold ₹11,490 crore of equities over five days.
Thursday, 24 September
- Stock Market Crash: Five reasons why Nifty fell 400 points, Sensex tanked 1,200 points on Thursday