Markets drift lower in early trade amid higher oil prices, fresh U.S.-Iran tensions
Indian stock markets experienced a decline due to rising crude oil prices and geopolitical tensions between the U.S. and Iran. Despite these external pressures, the domestic economy shows resilience with a strong 7.8% GDP growth rate.
Why it matters
The interplay between global geopolitical instability and domestic economic performance is a key indicator for emerging market investors.
Market benchmark indices Sensex and Nifty drifted lower in early trade on Tuesday (September 1, 2026) as elevated crude oil prices and fresh U.S.-Iran tensions weighed on investors’ sentiment.
Growing expectations that the U.S. Federal Reserve could keep monetary policy tighter for longer are also weighing on risk appetite across emerging markets, an expert said.
The 30-share BSE Sensex declined 121.48 points to 76,835.79 in early trade. The 50-share NSE Nifty dipped 52.6 points to 24,027.80.
Among the 30 Sensex firms, Bajaj Finserv, InterGlobe Aviation, Titan, State Bank of India, Bajaj Finance and Axis Bank were among the major laggards. ITC, HCL Tech, Bharti Airtel and Infosys were among the winners.
Brent crude, the global oil benchmark, traded 0.76% higher at $91.22 per barrel.
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