Stock markets tumble in early trade on escalating tensions in West Asia, higher oil prices
Indian stock markets experienced a significant slump as global tensions in West Asia drove up oil prices and bond yields. Major indices like the Sensex and Nifty saw sharp declines, reflecting investor caution regarding geopolitical instability.
Why it matters
Rising oil prices and geopolitical conflict in the Middle East pose a direct threat to global economic stability and emerging market growth.
Stock market benchmark indices Sensex and Nifty slumped in early trade on Wednesday (September 2, 2026), tracking a bearish trend in global equities and higher oil prices due to escalating conflict in West Asia.
The 30-share BSE Sensex tanked 788.52 points to 76,155.76 in early trade. The 50-share NSE Nifty slumped 269 points to 23,786.80.
Among the 30 Sensex firms, InterGlobe Aviation, Eternal, Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv and Bajaj Finance were the major laggards.
Adani Ports and Sun Pharma were the winners.
Brent crude, the global oil benchmark, traded 0.76% higher at $95.37 per barrel.
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