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Sensex, Nifty Plunge on September 24: US Bond Yields, Oil Prices, Iran Tensions Fuel Sell-Off
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News18•24-09-2026, 14:01
Sensex, Nifty Plunge on September 24: US Bond Yields, Oil Prices, Iran Tensions Fuel Sell-Off
- •Indian equity markets experienced significant selling pressure on September 24, with Sensex down 1.39% and Nifty falling 1.34%.
- •Surging US Treasury yields, with the 10-year reaching 5.13%, made emerging markets less attractive and encouraged a shift to dollar-denominated assets.
- •Elevated crude oil prices, with Brent around $102 a barrel, raised concerns for India's import bill, rupee, inflation, and corporate margins.
- •Renewed US-Iran tensions, following Iranian President Masoud Pezeshkian's comments, kept geopolitical risk high and impacted energy supply concerns.
- •Weak global market cues, including declines in US stocks and cautious Asian markets, contributed to the domestic sell-off, alongside foreign investor selling.
Key Questions Answered
Domestic equity markets faced severe selling pressure due to surging US bond yields hitting multi-year highs, elevated crude oil prices remaining above $100 a barrel, and renewed geopolitical uncertainty stemming from the US-Iran conflict.
The benchmark 10-year US Treasury yield climbed to approximately 5.13%, marking its highest level since 2007, while the two-year yield rose to nearly 4.95% following stronger-than-expected US business activity data.
Insurance stocks faced additional sentiment pressure following the Insurance Regulatory and Development Authority of India's consultation paper targeting dark patterns and proposing an economic overhaul of insurance distribution on websites.
