India's Sensex plunges as oil prices breach $100, rupee weakens
Sensex 650 points gira, Brent oil $100 ke paar. Rupee weakness aur high bond yields ne market mein dar ka mahol banaya. Gold ki taraf bhage log.
Source: whalesbook · News24 · September 24, 2026 at 5:02 AM · AI-assisted report
Single-sourceKUALA LUMPUR, 24 SEPTEMBER 2026 —
The BSE Sensex fell about 650 points on Thursday, while the Nifty 50 slipped below the 23,300 psychological level, as Brent crude rose above $100 a barrel and the rupee traded near 95.87 per dollar.
Market Impact
The sharp equity decline reflects heightened pressure from global oil prices and rising sovereign‑bond yields, which together have weakened the rupee and prompted investors to shift toward safe‑haven assets such as gold. The move is expected to weigh on sectors that rely on imported raw materials, including paints, chemicals and automobiles, where higher input costs could compress profit margins.
The sell‑off was driven by a confluence of external factors. Brent crude breached the $100 per barrel mark, a level that raises cost concerns for India, which imports the bulk of its oil. At the same time, the U.S. 10‑year Treasury yield reached 5.11%, the highest since 2007, while Japanese government bonds rose to 3.06%. Higher yields on safe government debt have made equities less attractive, prompting capital outflows from the market.
The rupee’s weakness at 95.87 per dollar has added import‑inflation pressure, making foreign institutional investors more cautious.
Safe‑haven demand was evident as spot gold climbed to $4,301.89 an ounce and Bitcoin hovered around $84,288.53. Regional markets showed mixed reactions; Japan’s Nikkei 225 rose 1.73%, whereas other Asian indices remained subdued. Market participants are now watching corporate management commentary for clues on how companies will manage rising input costs in the coming days.