New Delhi, Sept. 24 -- Indian benchmark indices Nifty 50 and Sensex fell around 1% on Thursday, 24 September, as a sharp rise in crude oil prices and higher US bond yields weighed on investor sentiment.

Brent crude surged above $102 a barrel, raising concerns over inflation and India's import bill, while the US 10-year Treasury yield climbed to 5.11%, adding pressure on global equity valuations.

Financial stocks were among the key drags on the Nifty 50. HDFC Life, Bajaj Finance, Axis Bank, SBI Life Insurance, Shriram Finance, and Bajaj Finserv were among the top losers.

Sentiment toward insurance stocks was further hit after the Insurance Regulatory and Development Authority of India (IRDAI) released a two-part consultation paper cover...