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The Hindu

Indian stocks slide in early trade as Brent crude climbs to $107.1 and foreign funds sell ₹5,353.22 crore

AI Market Summary
Indian equities fell sharply as Brent crude rose to ~USD 107/bbl amid West Asia uncertainty and fears of supply disruption through the Strait of Hormuz. Elevated oil prices tighten financial conditions for importers and pressure margins, while sizable FII selling reinforced risk-off positioning. Broader Asian and U.S. market weakness added to negative cross-asset sentiment, increasing near-term volatility across emerging markets.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT+0.61%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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Indian equities fell sharply in early trade on September 29, with the Sensex down 503 points at 72,260.09 and the Nifty off 151 points at 22,626.50. Brent crude rose 1.74% to $107.1 a barrel amid uncertainty in West Asia. Foreign Institutional Investors net sold ₹5,353.22 crore of equities on Monday, while the two benchmarks had dropped 1.52% and 1.56% in the previous session.
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