Stories
Sensex, Nifty Hit 2-Week High on Crude Decline, Metal & Financial Surge
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CNBC TV18•23-09-2026, 15:49
Sensex, Nifty Hit 2-Week High on Crude Decline, Metal & Financial Surge
- •Indian equity benchmarks Sensex and Nifty closed at a two-week high, with Sensex gaining 299 points and Nifty up 118 points.
- •A decline in crude prices and US-Iran talks boosted market sentiment, helping indices build on opening gains.
- •Metal stocks led the gains, with Tata Steel, JSW Steel, and Hindalco rising 3% each; SAIL closed 6% higher.
- •Financial stocks also performed strongly, with Bajaj Finance up 3%, PB Fintech surging 5%, and IDFC First Bank gaining 3%.
- •IT stocks like HCL Technologies, TCS, and Infosys were among the top Nifty losers, while Ather Energy extended losses.
Key Questions Answered
The equity benchmark indices built on their opening gains due to a decline in crude prices and ongoing US-Iran talks, which collectively boosted market sentiment.
Metal stocks were among the top Nifty gainers, with Tata Steel, JSW Steel, and Hindalco each gaining 3%. Additionally, SAIL closed 6% higher following a price hike.
IT remained a significant drag on the market, with major technology firms like HCL Technologies, Tata Consultancy Services, and Infosys ranking among the top Nifty losers.
