Market Close Report Today, September 15, 2026 Sensex, Nifty Crash As Oil And Yields Drag Stocks, Overpowering Gains In IT

Mumbai, September 15: Indian equity benchmarks ended sharply lower on Tuesday as surging crude oil prices, rising global bond yields and caution ahead of the US Federal Reserve’s policy decision outweighed gains in IT stocks and HDFC Bank. The Sensex fell 777.94 points, or 1.04%, to 74,003.82, while the Nifty declined 279.50 points, or 1.19%, to 23,118.60, its lowest ending in five months. 

Heavyweight financial stocks fell 1.8%, while auto stocks declined 2%. 

The benchmarks had opened higher despite weak global cues, supported by a rally in technology stocks and gains in HDFC Bank. The gains failed to stay. 

Crude Shock 

Brent traded over $107 a barrel after fresh attacks on Saudi Arabian energy infrastructure.  

The surge in oil prices is negative for India, which relies heavily on imports to meet its crude requirements. Higher oil prices can widen the current account deficit, pressure the rupee and add to inflation. 

Global Yields, Fed In Focus 

Investor caution was also driven by a sharp rise in global bond yields ahead of the Federal Reserve’s policy meeting. The US 10-year Treasury yield had moved briefly above 5% on Monday, raising concerns over tighter global financial conditions and the possibility of a more hawkish rate outlook. 

The higher-yield environment has increased pressure on emerging-market assets, while elevated crude prices have further complicated the inflation outlook. Investors are now assessing whether persistent energy-price pressures could keep major central banks cautious on interest rates. 

IT, HDFC Bank Buck Trend 

Despite the broad market sell-off, IT stocks remained among the strongest pockets of the market. The Nifty IT index gained 2.2%, with Tata Consultancy Services and Infosys rising 2.3% and 3.8%, respectively. The gains came amid a reassessment of concerns around artificial intelligence and its potential disruption to traditional technology-services businesses. 

HDFC Bank was another major outperformer, gaining 1.2% after the lender submitted two candidates to the Reserve Bank of India for the position of chief executive officer. The development marked a formal step in the succession process for CEO Sashidhar Jagdishan and was viewed positively by investors. 

However, gains in these heavyweight stocks were not enough to offset losses across most other sectors. The broader market also remained under pressure, with mid-cap and small-cap stocks declining as risk appetite weakened. 

The sell-off pushed the Nifty deeper below the 23,400 level, while the Sensex gave up its entire early recovery and fell more than 1% by the close. With crude prices remaining elevated and global yields under pressure, investors are likely to remain cautious in the near term. 

Source

• NSE
• BSE