Brief by Shorts91 Newsdesk / 04:43am on 02 Sep 2026,Wednesday India Global
Indian equity markets came under heavy pressure on Wednesday as renewed US-Iran military strikes intensified geopolitical uncertainty and pushed crude oil prices higher. The Sensex fell 0.79% to 76,333.20, while the Nifty 50 declined 0.89% to 23,841.40. All 16 major sectors recorded losses, with mid-cap and small-cap stocks also falling. Brent crude climbed to around $95.40 a barrel, raising concerns over inflation and India’s import bill. Oil-sensitive sectors, including airlines, tyre and paint companies, were particularly affected. Investors remained cautious amid fears that prolonged conflict could disrupt oil supplies through the Strait of Hormuz. (PC: Reuters)
