Debasis Mohapatra
Bengaluru, 9 March 2026
Indian equity market saw huge selling pressure in the morning trade on Monday as Middle East situation spooked investors. Nifty 50 was trading 676 points down at 23,774.4 at 10 AM IST, while Sensex crashed 2.85% to trade at 76,669.81 as rising crude oil prices raise fears of adversely impacting macros.
India VIX- the volatility parameter of the market- surged 4.31% to 24.19, indicating investors’ nervousness owing to the Middle East conflict.
All major indices were trading in the red during the moring trade. Nifty Bank was trading 3.86% down, while Nifty Auto was trading 3.46% down at 10.10 AM IST. Nifty Metal, Nifty IT, Nifty FMCG and other major indices were also trading down, refelecting nervousness in the market.
Airlines, Paints, Cements, and Shipping companies were trading in deep red as rising oil prices will impact these companies directly.
(This is a developing story and will be updated throughout the day)
