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Sensex Nifty plunge 2% for fourth day as oil spikes and US Iran tensions trigger a confidence shock
Economy
Published on 13 May 2026
Trump calls the Iran ceasefire at its weakest
Indian equities extended losses for a fourth straight session, with Sensex and Nifty falling nearly 2% as elevated Brent prices, a record-weak rupee, and persistent FII selling battered risk sentiment. Brent rose to about $107, the rupee hit a lifetime low near 95.63, and FIIs sold over Rs 8,400 crore. Analysts cite a broader confidence shock tied to US Iran uncertainty.
- Sensex and Nifty both dropped nearly 2% for a fourth session
- Brent crude jumped to around $107, lifting inflation and cost fears
- Rupee hit a lifetime low near 95.63, worsening returns for investors
- FII outflows continued, with IT and realty stocks hit hardest
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