Benchmark indices Sensex and Nifty declined in early trade on Wednesday (October 7, 2026) after two days of rally amid a spike in crude oil prices and caution ahead of the Reserve Bank of India’s monetary policy decision.

The 30-share BSE Sensex fell 460 points to 72,599.05 in early trade. The 50-share NSE Nifty declined 164.80 points to 22,610.85.

Among the 30 Sensex firms, Titan, Asian Paints, Bharat Electronics, Maruti, Axis Bank, and Mahindra & Mahindra were among the laggards. Bajaj Finance and Bharti Airtel were the gainers.

Brent crude, the global oil benchmark, traded 1.01 per cent higher at $101.6 per barrel.

“Brent crude is back above $101, and there are no signs of any reversal in FPI outflows. Domestic liquidity and expectations of good Q2 numbers are supporting the market. The focus of the market today will be on the monetary stance and the message from the RBI Governor,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,961.30 crore on Tuesday (October 6, 2026), according to exchange data.

Reserve Bank Governor Sanjay Malhotra will announce the rate decision at 10 a.m. on Wednesday (October 7, 2026) after the conclusion of the three-day meeting of the Monetary Policy Committee.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Hang Seng index quoted lower.

U.S. markets ended higher on Tuesday (October 6, 2026).

“Geopolitical risks remain elevated, while crude oil prices have rebounded modestly from recent lows. WTI crude is trading near $90 a barrel, while Brent remains above $100. The Reserve Bank of India’s Monetary Policy Committee decision due later today is likely to be the key domestic catalyst,” R. Ponmudi, CEO of Enrich Money, an online trading and wealth-tech firm, said.

On Tuesday (October 6, 2026), the Sensex jumped 685.34 points, or 0.95%, to settle at 73,067.81. The Nifty climbed 220.35 points, or 0.98%, to end at 22,776.10.

Market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (September 16, 2026) on value buying after falling sharply in the previous session.

Although, elevated oil prices, caution ahead of the U.S. Federal Reserve’s policy decision and foreign fund outflows capped the rally in the markets.

The 30-share BSE Sensex climbed 244.02 points to 74,293.25 in early trade. The 50-share NSE Nifty was up 77.20 points to 23,201.85.

Among the 30 Sensex firms, Mahindra & Mahindra, Reliance Industries, Hindustan Unilever, HCL Tech, ITC and State Bank of India were among the major winners.

InterGlobe Aviation, Tata Steel, Tata Consultancy Services and Eternal were among the laggards.

Brent crude, the global oil benchmark, traded 0.63% lower at $108.1 per barrel.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index quoted in positive territory.

U.S. markets ended lower on Tuesday (September 15, 2026).

Recovery in the market may remain fragile as Brent crude hovers near $108 a barrel and elevated global bond yields continue to weigh on risk appetite, Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a research analyst firm, said.

“The Federal Reserve’s policy decision tonight will be the key market trigger. Although a quarter-point rate increase is widely expected, the market’s direction will depend largely on the Fed’s guidance on the outlook for further tightening. Hawkish commentary could strengthen the dollar and place additional pressure on global equities, the rupee and foreign flows, while balanced guidance may support a relief rally,” Mr. Radhakrishnan added.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,977.86 crore on Tuesday (September 15, 2026), according to exchange data.

On Tuesday, the Sensex tumbled 777.94 points, or 1.04%, to settle at a three-month low of 74,003.82. The Nifty dropped 279.50 points, or 1.19%, to end at 23,118.60, the lowest closing level since April 6.

The rupee depreciated 38 paise to close at 95.92 (provisional) against the U.S. dollar on Tuesday (September 15, 2026), weighed down by escalating West Asia conflict and soaring Brent crude oil prices, which hit $108 per barrel.

Forex traders said surging dollar demand from oil importers has sparked fresh concerns over inflation and India’s external trade balance.

Moreover, weak domestic markets, a strong US dollar and worries over rising global treasury yields further dented investor sentiment.

At the interbank foreign exchange market, the rupee opened at 95.84 against the U.S. dollar, then lost ground and closed at 95.92 (provisional) against the American currency, down 38 paise from its previous close.

On Friday (September 11, 2026), the rupee had settled at 95.54 against the American currency.

Forex and equity markets were closed on Monday (September 14, 2026) on account of Ganesh Chaturthi.

“We expect the rupee to trade with a negative bias on risk-off sentiments in global markets and worries over rising global treasury yields. Rising global crude oil prices amid fears over supply disruption and a strong dollar may also pressurise the rupee,” said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.

However, any intervention by the RBI may support the rupee at lower levels. Traders may take cues from ADP weekly employment and Empire State manufacturing index data from the U.S.

“Investors may remain cautious ahead of the Federal Open Market Committee (FOMC) meeting decision on Wednesday. USD-INR spot price is expected to trade in a range of 95.75 to 96.15,” Mr. Choudhary said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.61, higher by 0.22%.

Brent crude, the global oil benchmark, was trading higher by 1.92% at $107.71 per barrel in futures trade, amid escalating U.S.-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz.

With Brent crude touching $108 per barrel, increased dollar demand from oil importers raised concerns over India’s external balance and inflation, forex traders said.

On the domestic equities market front, Sensex tanked 777.94 points to settle at 74,003.82, while the Nifty dropped 279.50 points to 23,118.60.

Foreign institutional investors (FIIs) offloaded equities worth ₹930.90 crore on a net basis on Friday (September 11, 2026), according to exchange data.

Meanwhile, India’s forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, the RBI said on Friday (September 11, 2026).

In the previous reporting week, the overall reserves increased by $11.475 billion to $740.803 billion.

The rupee depreciated 30 paise to 95.84 against the U.S. dollar in early trade on Tuesday (September 15, 2026) on elevated Brent crude oil prices and heightened West Asia tensions.

With Brent crude touching $106 per barrel, increased dollar demand from oil importers raised concerns over India’s external balance and inflation, forex traders said.

At the interbank foreign exchange market, the rupee opened at 95.84 against the U.S. dollar, registering a loss of 30 paise from its previous close.

On Friday (September 11, 2026), the rupee had settled at 95.54 against the American dollar. Forex and equity markets were closed on Monday (September 14, 2026) on account of Ganesh Chaturthi.

The surge in crude oil prices and heightened tensions in West Asia have increased safe-haven demand for the dollar and pushed U.S. Treasury yields higher, said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.60, higher by 0.21%.

Brent crude, the global oil benchmark, was trading higher by 1.19% at $106.94 per barrel in futures trade, amid escalating U.S.-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz.

The Sensex climbed 233.66 points to 75,022.37 in early trade while Nifty rose 63.85 points to 23,462.30.

Foreign institutional investors (FIIs) offloaded equities worth ₹930.90 crore on a net basis on Friday (September 11, 2026), according to exchange data.

Benchmark indices Sensex and Nifty climbed in early trade on Tuesday (September 15, 2026), driven by a strong rally in IT stocks and HDFC Bank.

The 30-share BSE Sensex climbed 233.66 points to 75,022.37 in early trade. The 50-share NSE Nifty was up 63.85 points to 23,462.30.

Among the 30 Sensex firms, HCL Tech jumped 6.5%, Tech Mahindra climbed 5.6%, Tata Consultancy Services surged 5.10% and Infosys edged higher by 4.83%.

HDFC Bank, ITC, Hindustan Unilever and Tata Steel were also among the winners.

Bharat Electronics, Bajaj Finserv, NTPC and Titan were among the laggards.

“A positive for the Indian market is that there is clarity emerging on the choice of HDFC Bank MD and CEO. A quick acceptance of the name of the successor by the RBI can influence the benchmark index significantly,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Brent crude, the global oil benchmark, traded 1.30% higher at $107 per barrel.

In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 index quoted in positive territory, while Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index traded lower.

U.S. markets ended lower on Monday (September 14, 2026).

The domestic equity markets were closed on Monday (September 14, 2026) on account of Ganesh Chaturthi.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹930.90 crore on Friday (September 11, 2026), according to exchange data.

On Friday (September 11, 2026), the Sensex declined 120.83 points, or 0.16%, to settle at 74,781.76. The Nifty dipped 79.70 points, or 0.34%, to end at 23,398.10.

Market benchmark indices Sensex and Nifty were trading higher in early trade on Wednesday (August 26, 2026), in tandem with a positive trend in global equities, amid a sharp decline in crude oil prices.

Foreign fund inflows also added to the positive trend in the domestic markets.

The 30-share BSE Sensex climbed 285 points to 77,944.02 in early trade. The 50-share NSE Nifty was up 23.25 points to 24,356.10.

Among the 30 Sensex firms, ICICI Bank, State Bank of India, Kotak Mahindra Bank, Eternal, Bajaj Finserv and Asian Paints were among the major winners.

Infosys, Bharti Airtel, Larsen & Toubro and Bharat Electronics were among the laggards.

Brent crude, the global oil benchmark, traded 2.66% lower at $86.22 per barrel.

“Crude oil has emerged as the key positive catalyst. WTI has fallen more than 6 per cent over the past two sessions to trade in the $80–81-per-barrel range. For domestic markets, the retreat in oil prices provides a meaningful near-term tailwind after crude-driven inflation worries dominated sentiment over the past several weeks,” Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

While tensions between the U.S. and Iran remain elevated, recent developments surrounding discussions involving Iran and Oman over the Strait of Hormuz have raised cautious optimism that supply-disruption risks could ease, 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 quoted higher.

U.S. markets ended in positive territory on Tuesday (August 25, 2026).

“The most significant development for domestic markets is the continued decline in crude oil prices. Brent crude has eased to around $85.5 per barrel, extending its retreat from last week’s peak near $94, as concerns over supply disruptions continue to recede,” Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said.

Wall Street ended higher overnight as lower energy prices and easing treasury yields lifted risk appetite, he added.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,593.53 crore on Tuesday (August 25), according to exchange data.

On Tuesday (August 25), the Sensex bounced back during the fag-end of trading and was up 286.98 points, or 0.37%, to settle at 77,656.09. Similarly, the Nifty ended higher by 115.50 points, or 0.48%, at 24,334.55 on fag-end buying.

Benchmark indices Sensex and Nifty ended lower on Monday (August 17, 2026) amid rising crude oil prices and persistent geopolitical tensions in West Asia.

The 30-share BSE Sensex declined 281.09 points, or 0.36%, to settle at 77,728.16. During the day, it dropped 555.5 points, or 0.71%, to 77,453.75.

The 50-share NSE Nifty was down 78.35 points, or 0.32%, to end at 24,287.65, taking the losses to the fifth day.

From the Sensex pack, Infosys, HCL Tech, Sun Pharma, Tata Consultancy Services, Tech Mahindra and ITC were among the biggest laggards.

Tata Steel, Axis Bank, Reliance Industries and Bharat Electronics were among the winners.

Brent crude, the global oil benchmark, climbed 1.11% to $89.50 per barrel.

“Indian equity markets ended marginally lower on Monday, extending last week’s cautious tone as persistent uncertainty surrounding the U.S.-Iran conflict and the absence of meaningful progress toward reopening the Strait of Hormuz kept investors on the sidelines,” Ponmudi R., CEO of Enrich Money, an online trading and wealth tech firm, said.

In Asian markets, Japan’s Nikkei 225, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended higher. Equity markets in South Korea were closed due to a holiday.

Markets in Europe were trading on a mixed note. U.S. markets ended lower on Friday (August 14, 2026).

“Indian equity markets extended their losing streak for a fifth consecutive session on Monday as elevated crude oil prices continued to weigh on investor sentiment despite a recovery from intraday lows,” Hariselvan Radhakrishnan, founder & CEO of HST Wealth, a research analyst firm, said.

Foreign Institutional Investors (FIIs) bought equities worth ₹508.12 crore on Friday (August 14, 2026), according to exchange data.

On Friday (August 14, 2026), the Sensex was down 70.71 points, or 0.09%, to settle at 78,009.25. The Nifty dipped 29.85 points, or 0.12%, to end at 24,366.