Stock markets decline in early trade amid rising oil prices, West Asia crisis
Indian stock markets, including the Sensex and Nifty, saw declines in early trading due to rising crude oil prices and ongoing U.S.-Iran geopolitical tensions. Investors remain cautious as global market sentiment is impacted by these unresolved conflicts.
Why it matters
Geopolitical instability in the Middle East directly impacts global energy prices and investor confidence in emerging markets.
Stock market benchmark indices Sensex and Nifty declined in early trade on Tuesday (September 8, 2026) as rising crude oil prices and the U.S.-Iran hostilities kept risk appetite subdued.
The 30-share BSE Sensex dropped 382.25 points to 75,750.56 in early trading. The 50-share NSE Nifty declined 97.80 points to 23,681.80.
Among the 30 Sensex firms, Mahindra & Mahindra, Trent, Sun Pharma, Axis Bank, ICICI Bank and Tata Consultancy Services were the major laggards.
Bharat Electronics, Eternal and Adani Ports were the gainers.
Brent crude, the global oil benchmark, traded 0.54% higher at $97.52 per barrel.
"Rising crude prices and renewed U.S.–Iran hostilities kept risk appetite subdued," Rajesh Palviya, head of research, Axis Direct, said.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index quoted higher, while Hong Kong's Hang Seng index traded lower.
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