Oil's Geopolitical Surge Threatens Nifty50 Rally: India Braces for Impact
Global oil markets are flashing red, with Brent crude hitting $101.50 per barrel today, September 9, 2026, marking its highest level since mid-March and breaking above the crucial $100 psychological barrier for the first time since July. This sharp surge is directly fueled by escalating military tensions between the U.S. and Iran, particularly around the vital Strait of Hormuz, amplifying concerns over global oil supply disruptions. Meanwhile, India's benchmark Nifty50 index is feeling the pressure, trading around 23,557, down 0.33% today and having dipped roughly 4% over the past month.











