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Sensex Dips 300 Points, Nifty Below 23,050 Amid IT Selling and Rising Crude Prices
M
Moneycontrol•25-09-2026, 10:08
Sensex Dips 300 Points, Nifty Below 23,050 Amid IT Selling and Rising Crude Prices
- •Indian benchmark indices, Sensex and Nifty, experienced profit booking and extended declines on Friday.
- •Sensex fell 37.19 points (0.051%) to 73,543.35, while Nifty declined 23.25 points (0.10%) to 23,039.85.
- •Key factors contributing to the market decline included significant selling in IT shares, with the Nifty IT index falling up to 1 percent.
- •Rising crude oil prices, with Brent above $105 a barrel, intensified inflationary worries and posed a risk for India.
- •Foreign institutional investors (FIIs) offloaded Indian equities worth over Rs 5,000 crore, intensifying selling pressure.
Key Questions Answered
The market decline was driven by profit booking at higher levels, selling in IT shares due to inflationary concerns and potential Federal Reserve rate hikes, high crude oil prices, and heavy foreign institutional investor selling.
The Nifty IT index fell up to 1 percent as rising crude prices fueled inflation worries and increased expectations of Federal Reserve rate hikes, which could dent economic demand in geographies exposed to Indian IT.
Brent crude remained above $105 a barrel, posing a significant risk to India. Additionally, foreign institutional investors intensified their selling by offloading Indian equities worth more than Rs 5,000 crore.
