Indian shares plummet over 2% as oil prices soar on Ukraine crisis
Bombay stock exchange building
Indian shares tumbled over 2% on Monday, with investors dumping risky assets as oil prices soared after the United States and European allies were said to be mulling a Russian oil import ban.
The blue-chip NSE Nifty 50 index was down 2.39% at 15,857 by 0349 GMT and the S&P BSE Sensex dropped 2.52% to 52,963.78. Both the indexes extended losses to a fourth straight session. Last week, they also posted their fourth consecutive weekly loss.
Oil prices surged on Monday after the United States and European allies explored a Russian oil import ban, while delays in the potential return of Iranian crude to global markets sped up supply fears.
Also read |Russia-Ukraine conflict: Indian PM Narendra Modi to speak with Ukrainian President Zelenskyy
India is the world's third-largest importer of crude oil, and rising prices push up the country's trade and current account deficit while also hurting the rupee and fuelling imported inflation.
)
Pentagon revives mandatory testosterone testing for male troops aged 30 and above
)
FACT CHECK: Why did PM Modi ask Xi ‘is it okay’ at BRICS Summit? New video reveals...
)
India seeks to build a full semiconductor supply chain
&im=FitAndFill=(700,400))
From Abhishek Sharma to Sahil Chauhan, 5 batters with fastest T20I hundreds
)
Pyongyang dismisses US, western pressure over nuclear programme
)
US And Denmark reach Greenland deal, Trump announces expanded military presence
)
Google’s Gemini AI hacks real systems by guessing passwords during security test
)
US hiding troop deaths in Iran war? Toll higher than Pentagon count, claims report
)
China may have gained access to US's classified F-35 jets; parts meant for repairs diverted to Hong Kong, sparking Pentagon inquiry
)
NASA research plane reaches 61,000 feet over Panama
)
Godfather of AI Geoffrey Hinton gives US lawmakers a one-year warning on AI
)
Trump signs Russia sanctions law: India faces fresh 100% tariff threat over Russian oil
)
Brigitte Bardot’s private collection set for Paris auction; key items and prices revealed
)
Why Ranveer Singh’s Dhurandhar missed India’s Oscar entry; FFI jury member reveals what happened
)
Zendaya and Tom Holland step out for a low-key date in Los Angeles
)
‘Will go to any extent’: Pakistan vows to defend Saudi Arabia amid Houthi attacks
)
The Verdict | When precision fails: US commits war crime in Minab school strike, UN finds
)
Trump signs Russia sanctions bill into law, targets Moscow’s energy sector
66 years of the Indus Waters Treaty: How India and Pakistan settled a bitter river dispute
&im=FitAndFill=(700,400))
New Friday OTT releases (September 18, 2026): Lust Stories 3, You+Me, Best of the Best- 8 new titles coming on Netflix, Prime Video and more
)
Pak: A series of counter terrorism operations in Khyber Pakhtunkhwa
)
Fast bowler Brydon Carse faces no charges over Derby nightclub incident
)
Flying cars in UAE: Ras Al Khaimah signs deal with Chinese company to test new transport
)
Africa is splitting, and a lot sooner than estimated, giving way to a new ocean
)
Trump bans CNN, MS NOW and Politico from White House over ‘FAKE NEWS’
)
Trump 2.0: Dark days ahead for America’s ‘imperial presidency’
)
Trump's Greenland dream comes true? POTUS announces 'Infinite Life' deal with Denmark, claims permanent US control
)
Tirupati Laddu ghee adulterated with chemicals, says ED, supplier arrested
)
Who is Khalilur Rahman? All you need to know about 81st UN General Assembly President
)
IIT Bombay student dies by suicide, was caught seeking AI help during exams
&im=FitAndFill=(700,400))
Meet top 5 bowlers in latest ICC T20I rankings
)
Indian Cinema bets big on mythology, brings ancient stories to modern audiences
)
Ukraine plans record $109 bn defence spending, nearly two thirds of budget amid Russia war
)
Russia holds first parliamentary elections since the beginning of the Ukraine war
&im=FitAndFill=(700,400))
Meet top 5 Indian batters with fastest T20I centuries
)
Watch |Russia enlists help of Syrian fighters in Ukraine
The Nifty's bank index, financial services index, private sector bank index, auto index and IT index were among the top losers, dropping between 2% and 4%.