Crude oil above $100, US election uncertainty: Will global factors keep Sensex, Nifty 50 under pressure? Experts decode

What happened: Crude oil is trading above $100 per barrel while uncertainty around the US midterm elections on 3 November 2026 adds to concerns over inflation, foreign fund flows and corporate earnings for Indian equities. Key numbers: Crude oil above $100 per barrel. US midterm elections on Tuesday, 3 November 2026. Why it matters: Experts say expensive crude and global political uncertainty could weigh on the Sensex and Nifty 50 near term, with oil's direction after the US midterms crucial depending on the US-Iran standoff and the Strait of Hormuz.

Crude oil is trading above $100 per barrel while uncertainty around the US midterm elections on 3 November 2026 adds to concerns over inflation, foreign fund flows and corporate earnings for Indian equities.

Experts say expensive crude and global political uncertainty could weigh on the Sensex and Nifty 50 near term, with oil's direction after the US midterms crucial depending on the US-Iran standoff and the Strait of Hormuz.