Oil surge keeps Nifty and stocks under pressure

Indian equities remained under pressure on September 15 as rising crude prices, elevated bond yields and weak global cues weighed on sentiment. The Nifty had closed at 23,398, down 0.34%, while the Sensex fell 0.16%. The key concern is Brent crude moving above $100 a barrel amid Middle East tensions, raising fears of higher inflation and pressure on corporate margins. Oil-sensitive stocks such as Indian Oil, BPCL and HPCL could remain in focus, while higher yields may weigh on rate-sensitive sectors. Investors should also track

, ONGC, aviation stocks and banking shares for their sensitivity to crude, currency and interest-rate movements. The Nifty’s immediate support is around 23,231, while 23,500–23,600 remains a key resistance zone. Overall, elevated oil prices and global yields could keep volatility high. Investors should watch crude, FII flows and key support levels before taking aggressive positions.