Indian Markets Plummet to Worst Weekly Performance in Over a Year as Iran War Drives Oil to $87

Nifty and Sensex hit one-year weekly lows as Brent crude nears $88. The RBI intervenes with $12B to defend the rupee amid escalating Middle East conflict risks.

By: AXL Media

Published: Mar 7, 2026, 5:54 AM EST

Source: The information in this article was sourced from The Telegraph Online

Source received: The Telegraph Online - West Asia crisis: Worst week for stocks, risks rise for inflation, CAD and rupee. Ready to edit.

1. HEADLINE

Indian Markets Plummet to Worst Weekly Performance in Over a Year as Iran War Drives Oil to $87

2. SUMMARY

The escalation of the U.S.-Israeli conflict with Iran has triggered a massive sell-off in Indian equities, with the Nifty 50 and Sensex both losing nearly 2.9 percent this week. Surging Brent crude prices, which hit a 20-month high of $87.66 per barrel, have heightened fears of structural inflation and forced the Reserve Bank of India to deploy $12 billion to defend a record-low rupee.

3. CONTENT