Sensex Jumps 1,534 Points on Falling Oil as Nifty Touches 23,000
Sensex rose 1,534 points and Nifty 1.66% to 22,997 as crude eased, even as Asian tech stocks tumbled. But mid- and small-caps fell, showing a narrow rally.
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“Sensex Jumps 1,534 Points on Falling Oil as Nifty Touches 23,000”
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15 Oct 2026
Key Highlights
- Big gain: Sensex rose 1,533.72 points (2.11%) to 74,315.61; Nifty climbed 374.65 points (1.66%) to 22,997.35.
- The trigger: Falling crude oil prices eased inflation worries.
- Just short: Nifty touched 23,000 during the day but closed just below it.
- Narrow rally: Midcaps fell 0.36% and small caps 1.31%.
- Rupee: Gained about 9 paise to 95.05.
Indian markets ended sharply higher on Thursday as easing crude oil prices lifted sentiment. Sensex surged 1,533.72 points, or 2.11%, to 74,315.61, while Nifty rose 374.65 points, or 1.66%, to 22,997.35.
Private banks and IT led the gains, with Tech Mahindra, ICICI Bank and Bharti Airtel the top Nifty gainers. PSU banks were the weakest sector.
Why It Matters: India Decouples From Asia
The rally stood out against a global backdrop. Earlier in the day, South Korea’s Kospi had plunged over 7% and Japan’s Nikkei over 4%, as hotter US inflation triggered a sell-off in AI-linked tech stocks. India, with less exposure to that AI trade, moved in the opposite direction.
