Indian Equities Seek Rebound as US$96 Oil Tests Inflation and External Balances

Bengaluru, 3 September 2026 – Indian equities were positioned for a partial rebound after three consecutive sessions of losses, although Brent crude near US$96 per barrel continued to threaten inflation, corporate margins and the country’s external balance. GIFT Nifty futures stood at 24,094 before the opening, signalling a positive start after the Nifty 50 closed at 23,914.45.

The Nifty and Sensex had each fallen about 1% across the previous three sessions as investors responded to renewed Middle East tension, rising oil prices and higher global bond yields. The Sensex ended the latest session at 76,570.35, while the Nifty declined 0.59%. The pullback brought major indices closer to levels where bargain hunters may become more active.