Nifty Drops Below 22,600 as Oil Tops $106; What SIP Investors Should Do

Indian stock markets fell sharply on Tuesday, with the Nifty dropping below 22,600 and the Sensex down 622 points, as elevated crude oil prices, a weakening rupee, and geopolitical tensions weighed on investor sentiment. Brent crude traded above $106 per barrel, while the rupee breached the 96-per-dollar mark, raising concerns about imported inflation and pressure on corporate earnings. Experts said the combination of high oil prices and rising US bond yields creates an unfavorable environment for equities, with potential fiscal strain on India in FY27 if crude remains elevated. For SIP investors, experts suggest the current correction may offer buying opportunities in large-cap growth stocks at attractive valuations, though the broader market trend remains weak unless the Nifty reclaims 23,150.