India's Stock Markets Reel from Iran-US Conflict Oil Prices Soar

The Indian stock markets have been negatively impacted by the latest clash between Iran and the US militaries, which has heightened concerns about oil prices. On Wednesday, September 2, 2026, the Nifty 50 fell 0.82% to 23,858, while the Sensex declined 0.61% to 76,471.32 in early trade.

The Brent crude price is nearing $96.50 a barrel, and investors are watching for potential disruptions around the Strait of Hormuz. This could have significant implications for India's import bill, inflation, rupee value, and corporate margins.