Download the app
← Latest news

Market slumps as crude spikes and Fed turns hawkish HDFC Bank Infosys Adani Total move sharply

Economy
Published on 24 April 2026
Market slumps as crude spikes and Fed turns hawkish HDFC Bank Infosys Adani Total move sharply

A hawkish Fed and crude surge pushed sector selling

Stocks ended a turbulent session lower as soaring crude prices and a hawkish Federal Reserve rattled risk appetite. Against this backdrop, individual movers stood out, with HDFC Bank, Adani Total Gas, and Infosys seeing notable share action. Sector-wide selling in autos and IT compounded pressure, widening the gap between gainers and losers.

  • Crude oil surge and a hawkish Fed weighed on markets
  • HDFC Bank, Adani Total Gas, and Infosys were among top movers
  • Sector-wide selling hit autos and IT hard
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.