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Markets Brace for Volatility Amid Oil Swings and Fed Tightening
M
Moneycontrol•21-09-2026, 08:28
Markets Brace for Volatility Amid Oil Swings and Fed Tightening
- •Indian equity benchmarks extended their slide for a sixth consecutive week, with NIFTY 50 slipping 0.2 percent due to volatile crude oil prices and mixed global cues.
- •Brent crude swung between $108.75 and $103.87, influenced by Middle East conflict and reports of Saudi Arabia offering extra crude cargoes to Asian refiners.
- •The US Federal Reserve raised its benchmark rate by 25 basis points to 3.75-4 percent, the first hike in over three years, as the US 10-year bond yield hit 5.03 percent.
- •NIFTY India Defence and Consumer Durables indices saw declines, while NIFTY Media and FMCG gained; India VIX dropped 7.3 percent, signaling reduced fear.
- •Technical indicators like the Nifty's breakdown from a rising wedge, extreme FII net index futures positions, and oversold Weekly Swing suggest potential for a market recovery despite bearish signals.
Key Questions Answered
Indian equity benchmarks extended their slide for a sixth straight week, with the NIFTY 50 slipping 51.70 points or 0.2 percent.
The Federal Reserve raised its benchmark rate by 25 basis points to a range of 3.75 percent to 4 percent following a two-day policy meeting.
Brent crude touched a high of $108.75 per barrel before retreating to close at $103.87 on Friday.
