Sensex Plummets Over 1,000 Points From Day's High as IT Stocks Shine Amid Profit Booking
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The Indian stock market witnessed a sharp and volatile trading session on Tuesday, September 15, 2026, after reopening following the Ganesh Chaturthi holiday. Following a strong initial opening driven by positive global cues and a GIFT Nifty premium, the 30-share BSE benchmark Sensex opened robustly at 75,369, up 587 points, while the NSE Nifty 50 began at 23,576. However, the markets completely surrendered their early gains as intense selling pressure and profit-booking at higher levels dragged indices down. The Sensex plummeted over 1,000 points from its intraday peak of 75,436 down to a low of 74,426 before trading down 355 points. Similarly, the Nifty 50 tumbled 125 points to settle around 23,273, slipping significantly from its high of 23,592.
IT Giants Roar Ahead While Heavyweights Face Major Drag Amid Global Crude Surge
Despite the broader market downturn, heavy-hitting technology stocks stood out as primary market saviors. Major IT players experienced a strong rally, with HCL Tech surging 5.63 percent, alongside robust gains of over 4 percent witnessed in Tech Mahindra, Infosys, and TCS. Conversely, heavy selling dragged down major index constituents, led by BEL dropping nearly 4 percent to Rs 389.35, alongside losses in Bajaj Finserv, Titan, and Indigo. Market experts note that broader macroeconomic headwinds, including global Brent crude oil prices rising 1.3 percent to approximately $107 a barrel and shifting U.S. Treasury yields, continue to heavily influence market direction. Technical analysts like Sachin Gupta of Choice Equity Broking predict near-term Sensex consolidation within the 74,000 to 75,200 range, warning that a breach below the 74,000 support could invite extended selling pressure.
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