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Oil Surges to $106 Amid Houthi Attack; Global Markets Reel, Nifty Hits 5-Month Low
M
Moneycontrol•25-09-2026, 08:38
Oil Surges to $106 Amid Houthi Attack; Global Markets Reel, Nifty Hits 5-Month Low
- •US markets closed flat-to-negative, with the Dow hitting a three-month low and Nasdaq ending flat.
- •Global bond rout deepened as US 30-year Treasury yield surged to a 20-year high of 5.5%, with a 75% probability of another Fed rate hike next month.
- •Oil prices hovered near $106 a barrel after a Houthi missile attack on Saudi Arabia, while US-Iran negotiators discussed de-escalation.
- •The US Dollar Index climbed to a two-month high above 101, and the rupee is expected to open weak against the dollar.
- •India's Nifty slipped to a five-month low below 23,100, with financial and insurance stocks losing –1.25 lakh crore in market capitalization.
Key Questions Answered
Oil prices hovered near $106 a barrel after a Houthi missile attack on Saudi Arabia triggered an overnight surge.
The Nifty slipped to its lowest closing level in five months and ended below 23,100, with 48 of 50 Nifty stocks closing in the red. Additionally, the Nifty Bank plunged 1,110 points to 55,439, while financial and insurance stocks erased ₹1.25 lakh crore in market capitalisation.
Foreign Institutional Investors were net sellers of ₹5,027.36 crore in equities, while Domestic Institutional Investors were net buyers of ₹4,301.18 crore on a provisional basis.
