Sensex Tanks 1,248 Points, Nifty Slips Below 23,100
Sensex crashed 1,247.71 points and Nifty fell below 23,100 amid firm crude prices and a global bond market rout, dragging financial stocks lower.
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“Sensex Tanks 1,248 Points, Nifty Slips Below 23,100”
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24 Sep 2026
Key Highlights:
- Sensex plunged 1,247.71 points, or 1.67%, to close at 73,580.54, while Nifty declined 383.70 points to settle at 23,063.10.
- Bajaj Finance, HDFC Life Insurance and Axis Bank emerged as the top laggards, with only three Nifty constituents ending in positive territory.
- Nifty Financial Services, Nifty Bank and Nifty Private Bank were among the worst-performing sectoral gauges.
- Nifty MidCap fell 2.25% and Smallcap declined 1.53%, showing weakness extended well beyond frontline stocks.
- Analysts flagged RSI around 31 and a deeply negative MACD, warning a sustained close below 23,000 could extend losses toward 22,900-22,800.
A Sharp Selloff Grips the Market
Indian equity benchmark indices witnessed a sharp selloff on Thursday as investors turned risk-averse amid firm crude oil prices and a global bond market rout, dragging banking and financial stocks lower.
Closing Numbers
The Sensex plunged 1,247.71 points, or 1.67 per cent, to close at 73,580.54, while the Nifty declined 383.70 points, or 1.64 per cent, to settle at 23,063.10, marking one of the sharper single-day declines seen in recent sessions.
Nifty's Technical Outlook
Commenting on the Nifty's technical outlook, experts said that a sustained close below 23,000 could extend the downside toward the 22,900-22,800 zone, while 23,200 is likely to act as the immediate resistance during recovery attempts, giving a clear sense of the technical stakes riding on the index's next moves.
