Indian stocks fall as oil prices and US bond yields weigh

Indian stock markets fell sharply for a second consecutive day on Tuesday, with the BSE Sensex dropping up to 708 points (0.97%) to 72,064 and the Nifty 50 declining 210 points (0.92%) to 22,570, driven by unfavorable global conditions. Key factors included Brent crude prices jumping nearly 2% to $107 per barrel amid West Asia supply concerns, US 10-year bond yields rising to 5.25% (highest since 2007), and weak global equities. Foreign portfolio investors have net sold ₹20,695 crore of Indian stocks in September, while analysts warn that elevated oil prices could strain India's fiscal position and GDP growth for FY27. Technical analysts noted Nifty formed a bearish pattern, with a decisive break below 22,700 potentially dragging the index toward 22,400, where key support levels lie.