{
  "id": 6511446,
  "title": "Market turbulence is here to stay, may deepen",
  "url": "https://urgent.news/2026/09/10/market-turbulence-is-here-to-stay-may-deepen",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T00:30:15.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/opinion/editorials/indian-stock-markets-crude-price-fed-rbi-pressure-10870758/"
  },
  "original_language": "en",
  "account": "Indian stock markets faced turbulence on Wednesday as the Sensex slipped 1.08 percent. Weakness was pervasive, affecting both large and small-cap indices. The India VIX surged nearly 7 percent, indicating heightened volatility. However, Asian markets showed contrasting performances. The Nikkei dropped 0.2 percent, while the Kospi climbed 1.4 percent. Despite India's robust economic growth, markets have been underperforming for some time now. The Sensex has lost about 12 percent since the start of the year. In the IT sector, concerns have intensified due to rapid AI adoption and its uncertain long-term growth prospects. Several factors contribute to the current investor unease. Brent crude oil has risen to $100 a barrel, the highest level since July, due to escalating conflict in West Asia. This has raised fears about energy supply disruptions and the economic fallout from higher oil prices, pushing the Indian crude basket to $108.91 per barrel. The Indian rupee has weakened to below 95 against the dollar. Global financial conditions are tightening, with hawkish remarks from US Federal Reserve Chairman Kevin Warsh suggesting a possible rate hike at the upcoming meeting. The 10-year US bond yield is around 4.8 percent, while Japanese yields sit near 2.9 percent. In September, nervous foreign investors have withdrawn $1.3 billion from the stock markets, after netting gains in the previous two months. As the RBI's Monetary Policy Committee meets early next month, expectations are that it will tighten financial conditions further. The initial growth momentum, which outpaced forecasts in the first quarter, is anticipated to ease in the latter half of the year. These factors will likely influence the market's future direction.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}