Indian benchmark indices ended sharply lower on September 24, amid weak global cues as the US benchmark Treasury yield climbed to its highest level since 2007, while crude oil prices surged to $105 a barrel.

After a weak opening, selling intensified through the session, with profit booking seen across sectors, particularly banks and NBFCs.

The Nifty slipped to an intraday low of 23,046.15, breaching its June 11 low of 23,072, while the Sensex also came under heavy selling pressure, along with the broader markets.

At close, the Sensex was down 1,247.71 points or 1.67 percent at 73,580.54, and the Nifty was down 383.70 points or 1.64 percent at 23,063.10.

Broader markets also ended weak with Nifty midcap index falling 2 percent and smallcap index declining 1.5 percent.

Biggest Nifty losers were Bajaj Finance, HDFC Life, Bajaj Finserv, Axis Bank, Interglobe Aviation, while gainers included Cipla and NTPC.

All the sectoral indices ended in the red with Nifty Private Bank falling 2.2%, Nifty Metal declining 1.9%, Nifty Bank slipping 1.7%, Nifty Infra dropping 1.5%, Nifty Auto declined 1.5% and Nifty Oil & Gas shed 1.3%, Nifty PSU Bank declined 1.3%, Nifty Energy lost 1.2%, and Nifty FMCG fell 1%.

More than 120 stocks touched 52-week high, including Caplin Labs, Carborundum Universal, Shyam Metalics, Laurus Labs, GNFC, Aurobindo Pharma, among others.

Among individual stocks, Angel One slipped nearly 2.7% after Macquarie initiated a Neutral rating with a target price of ?285 per share, Avantel surged 6.5% after securing an order worth ?177.35 crore, while Max Estates gained 2% after signing a JDA for an approximately 9.76-acre land parcel in Indirapuram, Ghaziabad.

Concord Biotech declined 5% after shareholders approved a bonus issue. Vikran Engineering jumped 9.5% after securing new orders worth approximately ?153.76 crore from Power Grid Corporation of India.

Shares of L&T Finance, Axis Bank, Turtlemint Fintech, PB Fintech down 4-36% after IRDAI proposed overhauling commission rules to cap payouts.