BusinessBreaking
Archived — This article has been archived. The information may be outdated.
Sensex falls 777.94 points as crude and yields jump
The Hindu BusinessLine··16 Sept
The BSE Sensex fell 777.94 points, or 1.04 percent, to 74,003.82 on Tuesday as crude, US bond yields and a weaker rupee hit equities. The NSE Nifty 50 dropped 279.50 points, or 1.19 percent, to 23,118.60, its lowest close since April 6, 2026. Brent crude hovered near $107 to $108 a barrel. India's August retail inflation rose to 4.82 percent.
Prism
What It Means For You
- Nifty Midcap 100 and Smallcap 100 fell 2.1 percent and 2.4 percent, their steepest drop since May 12.
- The US 10-year Treasury yield crossed 5 percent for the first time since 2007.
- India's 10-year government bond yield rose 7 basis points to 7.09 percent.
What's Happening
- Sensex opened as high as 75,436.44 before reversing to close near the day's lows.
- Nifty swung nearly 475 points from an intraday high of 23,592.85.
- Geojit research head Vinod Nair cited elevated crude and global yields as pressure points.
What drove the triple shock
- Brent strength followed fresh attacks on Saudi energy infrastructure and Middle East supply worries.
- August retail inflation was a 20-month high at 4.82 percent.
- The session erased strong opening gains across benchmark indices.
all-newstop-storiestrending-nowdaily-roundup
