Mumbai, 10 September 2026 – Indian equities were set for a muted opening as Brent crude remained above US$100 a barrel, intensifying concerns over inflation, the import bill and corporate margins in one of the world’s largest oil-importing economies. GIFT Nifty futures stood at 23,489.50 at 7.44am local time, signalling limited relief after the Nifty 50 closed at 23,431.5 in the previous session.
The Nifty and Sensex had already fallen to three-month lows after the latest rise in crude prices. India is the world’s third-largest oil importer, making its economy particularly sensitive to prolonged energy shocks. Higher prices increase the cost of imports, put pressure on the trade balance and can feed into transport, manufacturing and household expenses.
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