Indian Stock Market Falls: Nifty Down 1% as Crude Oil and Bond Yields Surge

Indian markets opened sharply lower, with the Nifty falling over 1% as rising crude prices and higher bond yields triggered broad-based selling. Financial stocks led the decline, while the VIX jumped sharply, reflecting heightened volatility. Gaurang Shah, Sr. VP, Geojit Investments, says the sell-off is a knee-jerk reaction to concerns around yields, interest rates and global factors. He believes long-term investors can use the weakness to build positions in strong companies across banking, BFSI, autos, defence, capital goods and engineering. With F&O expiry and a truncated trading week ahead, Shah expects volatility to remain elevated in the near term.