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FinanceIndian stocks slump on West Asia tensions, surging oil prices
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Indian benchmark indices Sensex and Nifty fell sharply in early trade on July 13, 2026, reversing a two-day rally, as escalating tensions in West Asia and a surge in crude oil prices spooked investors. The BSE Sensex dropped 616.15 points to 76,946.97, while the Nifty declined 190.50 points to 24,015. Major losers included InterGlobe Aviation, Tata Steel, Maruti, Asian Paints, HDFC Bank, and Bajaj Finserv. Brent crude oil rose 3.96% to $79.02 per barrel. Asian markets also traded lower, with South Korea's Kospi slumping nearly 7%. The sell-off was attributed to geopolitical risks and higher oil prices weighing on sentiment. U.S. markets had ended higher on the previous Friday, and Foreign Institutional Investors (FIIs) had bought equities worth ₹2,603.72 crore on that day.
Source report
After two days of rally, the 30-share BSE Sensex tanked 616.15 points to 76,946.97 in early deals
Published - July 13, 2026 10:26 am IST | Mumbai
PTI
Benchmark indices Sensex and Nifty slumped in early trade on Monday (July 13, 2026) amid escalating tensions in West Asia and rising crude oil prices.
A bearish trend in Asian peers also dragged the domestic markets lower.
Market Performance
- BSE Sensex: Tanked 616.15 points to 76,946.97 in early deals
- NSE Nifty: Dropped 190.50 points to 24,015
Major Losers (Sensex pack)
- InterGlobe Aviation
- Tata Steel
- Maruti
- Asian Paints
- HDFC Bank
- Bajaj Finserv
Gainers
- Tata Consultancy Services
- NTPC
- HCL Tech
- Power Grid
Oil Prices
Brent crude, the global oil benchmark, quoted 3.96% higher at $79.02 per barrel.
"The escalation in geopolitical tensions has triggered a sharp rebound in crude oil prices, weighing on overall investor sentiment," according to a market analyst.
Asian Markets
- South Korea's Kospi: Slumped nearly 7%
- Japan's Nikkei 225: Traded lower
- Shanghai's SSE Composite Index: Traded lower
- Hong Kong's Hang Seng Index: Traded lower
U.S. Markets
U.S. markets ended higher on Friday (July 10, 2026).
FII Activity
Foreign Institutional Investors (FIIs) bought equities worth ₹2,603.72 crore on Friday (July 10, 2026), according to exchange data.
Previous Session (July 10, 2026)
- Sensex: Jumped 827.57 points, or 1.08%, to settle at 77,569.39
- Nifty: Surged 244.10 points, or 1.02%, to end at 24,206.90
Source
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Regional
Part of this Story
Indian Stock Markets Decline Amid West Asia Tensions and Rising Oil Prices