π Nifty down 400 points, Sensex tanks 1,200 points
Indian equities saw a massive drop on Thursday, September 24, with Nifty 50 falling nearly 400 points and Sensex losing 1,200 points. This significant decline occurred while the Sensex was experiencing its monthly expiry. Several factors contributed, including surging US bond yields and rising crude oil prices nearing $106 a barrel. Furthermore, a strengthening US Dollar and negative sentiment in banking stocks pushed the market down. Overall, volatility from the expiry and profit booking also played a part in the market's sharp fall.