Indian Stock Market Falls to Six-Month Lows Amid Rising Oil Prices and High US Yields

The Indian stock market is under pressure today, September 29, with both the BSE Sensex and NSE Nifty trading near six-month lows. The indices fell due to rising crude oil prices and high US Treasury yields, which have dampened market sentiment.

The price of Brent Crude futures rose by nearly 1.5% to $107 a barrel, causing concern for India as one of the world's largest crude oil importers. This increase in oil prices will lead to higher import costs and inflationary effects on the country.

Foreign institutional investors (FIIs) have also been selling equities from India, with net sales amounting to ₹5,353.22 crore on September 28. This has added pressure to the market, which is already reeling from rising oil prices and high US yields.