Weak trends in global markets and foreign fund outflows also dented investors’ sentiment. File
| Photo Credit: Reuters
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.
“Brent crude has climbed to its highest level since May as the ongoing US-Iran conflict continues to disrupt oil flows from the Middle East. For India, crude near $110 a barrel would further intensify pressure on inflation, the rupee, the current account and corporate margins, while reducing the scope for monetary easing,” Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said.
Global markets are trading lower as elevated oil prices intensify concerns over inflation and the interest-rate outlook, he added.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index traded significantly lower.
U.S. markets ended in negative territory on Thursday (September 10, 2026).
“WTI crude is trading in the $103–104-per-barrel range after rising around 7.5% in the previous session, while Brent has moved toward the $108 mark amid escalating tensions involving Houthi forces and Saudi Arabia. The sharp increase in crude prices is likely to heighten concerns over India’s import bill, inflation and corporate margins, keeping risk appetite subdued,” Ponmudi R., CEO of Enrich Money, an online trading and wealth-tech firm, said.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹438.24 crore on Thursday (September 10, 2026), according to exchange data.
On Thursday (September 10, 2026), the Sensex advanced 138.36 points, or 0.19%, to settle at 74,902.59 on last minute buying. The Nifty edged higher by 46.30 points, or 0.20%, to end at 23,477.80.
Published – September 11, 2026 10:59 am IST
