Thursday, 12 November 2026 IPO data updated 1 minute ago

Sensex Falls 400+ Points, Nifty Near 24,100 as Iran–US Tensions and Oil Surge Hit Markets

Sensex Falls 400+ Points, Nifty Near 24,100 as Iran–US Tensions and Oil Surge Hit Markets

Indian stock markets remained under pressure on 24 April 2026, with the Sensex dropping over 400 points and the Nifty slipping near the 24,100 zone as geopolitical worries intensified. The key trigger behind the sell-off is the escalation in Iran–US tensions, which has pushed crude oil prices sharply higher.

Another major reason is Brent crude staying above $105–$106 per barrel, raising concerns around inflation, India’s import bill, and pressure on the rupee. Since India is a major oil importer, rising crude directly impacts market sentiment, especially in sectors like aviation, paint, auto, and logistics.

Despite the benchmark weakness, broader markets showed relative resilience, with selective buying seen in midcaps and smallcaps. However, IT stocks remained one of the biggest drags, especially after cautious guidance from Infosys and weak global risk sentiment.

Do you think this market fall is a dip-buying opportunity, or can oil and war tensions drag Nifty below 24,000?

This news is for information only and is not investment advice. Please do your own research before making investment decisions.