Indian Markets Slide Amid Oil Price Spike and Bond Yield Hike

Indian markets opened lower on September 2, 2026, due to rising oil prices and increasing global bond yields.

The Sensex fell by 618.22 points, while the Nifty dropped to 23,836.50 as trading began.

The main concerns are inflationary pressures from higher oil prices, which have risen to $95.4 per barrel after overnight strikes between the US and Iran.

Asian markets also declined, with South Korea's Kospi plummeting by 3%, Japan's Nikkei falling 2.2%, and the MSCI Asia-Pacific index (excluding Japan) down by 0.8%.