Stock markets fall for second day amid rising oil prices, West Asia crisis; Sensex tanks 555 points
Indian stock markets experienced a second consecutive day of losses, with the Sensex falling 555 points due to rising crude oil prices and geopolitical tensions between the U.S. and Iran. Major banking and industrial stocks led the decline as investor sentiment remained bearish.
Why it matters
Market volatility in India is currently being driven by external geopolitical risks and energy price fluctuations.
Stock market benchmark indices Sensex and Nifty ended lower on Tuesday (September 8, 2026), extending losses for the second straight day, as rising crude oil prices and the U.S.-Iran hostilities kept risk appetite subdued.
Selling in blue-chip stocks ICICI Bank, HDFC Bank and Reliance Industries also dragged the markets lower.
The 30-share BSE Sensex dropped 555.23 points, or 0.73%, to settle at 75,577.58. During the day, it tanked 579.46 points, or 0.76%, to 75,553.35.
The 50-share NSE Nifty ended 144.05 points, or 0.61%, lower at 23,635.10.
Among the 30 Sensex firms, ICICI Bank, Axis Bank, UltraTech Cement, Kotak Mahindra Bank, Reliance Industries and HDFC Bank were the major laggards.
Bharat Electronics, Adani Ports, Hindustan Unilever and InterGlobe Aviation were the gainers.
Brent crude, the global oil benchmark, jumped 1.45% to $98.36 per barrel.
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