Nifty 50 Plunges Below 23,000 Amid Crude Oil Price Surge and US-Iran Tensions

The Nifty 50 index plummeted to below the 23,000 mark on Monday, September 28, 2026, as investors reacted to rising crude oil prices and US-Iran tensions.

Rising Brent crude prices above $106 per barrel, along with uncertainty over the US-Iran conflict, continued foreign investor outflows, and higher global bond yields, are weighing heavily on market sentiment.

The Nifty 50 opened below 23,000 after ending the previous week at 23,140.50, down about 305 points or 1.32% from its opening price.