Indian stocks slip as Sensex falls over 300 points on crude near $115
Sensex and Nifty opened lower as Brent held above $114 and the US 10-year yield near 4.97%. Investors are waiting for the Fed decision this week.
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what happened
According to Moody's, Indian equities opened lower on Tuesday. The Sensex dropped more than 300 points and the Nifty slipped below 22,690. Caution came from crude oil holding near $115 a barrel and from the wait for the US Federal Reserve's policy decision later this week.
Brent traded at about $114.91 a barrel. At the time of reporting, the Sensex was down 0.51% and the Nifty down 0.34%. Metal, IT, FMCG, oil and gas, and cement stocks faced selling.
Geojit Investments strategist VK Vijayakumar named Brent above $114 and the US 10-year yield near 4.97% as near-term headwinds. Analyst Vipin Dixena warned that elevated crude could raise input costs and widen India's import bill.
why it matters
For India, expensive oil means higher import costs and pressure on the rupee and corporate margins. Commentators also link the risks to the US midterm elections and possible moves on Iran by the administration.
market impact
Indian equities: expensive crude and higher US yields pressure indices and importers
tags
instruments
sources
- Sensex falls over 300 points, Nifty slips below 22,690 as crude prices hover near USD 115 — Moody's, 27 October 2026 at 04:21 UTC
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