Stock market crash: Nifty 50, Sensex fall 1% as crude tops $102; financial, insurance stocks slide on IRDAI proposal
BSE moved lower with September 24 in focus.
24 Sept 2026 · LiveMint Markets
Indian benchmark indices Nifty 50 and Sensex dropped about 1% on September 24, driven by rising crude oil prices and higher US bond yields. Key financial stocks like HDFC Life and Bajaj Finance contributed significantly to the decline.
Key facts
- Dates in focus
- September 24
The analysis
BSE reported movement of 1%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.9% on the day at ₹705.30, and has returned -15.3% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.0% over the same period, so HDFC Bank is running 11.3 points behind its peers.
This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions. On the day the stock is -0.9%, so a modest reaction.
Why it matters
- With BSE, IRDAI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks, Financial Services.
- The immediate tone of coverage reads negative.
In this story
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