Stock markets fall in early trade amid soaring crude oil prices, West Asia conflict
Indian stock markets experienced a sharp decline as crude oil prices surged due to escalating tensions in West Asia. Investors are concerned that higher oil costs will negatively impact inflation, corporate margins, and the value of the rupee.
Why it matters
Rising oil prices pose a significant macroeconomic risk to India's economy, potentially forcing tighter monetary policy and reducing corporate profitability.
Benchmark indices Sensex and Nifty tumbled in early trade on Friday (September 11, 2026) on soaring crude oil prices amid escalating tensions in West Asia.
Weak trends in global markets and foreign fund outflows also dented investors' sentiment.
The 30-share BSE Sensex fell 628.24 points to 74,257.69 in early trade. The 50-share NSE Nifty dropped 221.20 points to 23,255.10.
Among the 30 Sensex firms, Bajaj Finance, InterGlobe Aviation, Mahindra & Mahindra, Tata Steel, UltraTech Cement and Axis Bank were the major laggards.
Tech Mahindra, HCL Tech, Infosys, Bharti Airtel and ITC were the gainers.
Brent crude, the global oil benchmark, traded 0.95 per cent higher at $108.7 per barrel.
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