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FinanceIndia's Sensex falls 231 pts, Nifty drops 57 pts in early trade as crude surges
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Indian benchmark indices Sensex and Nifty declined in early trade on July 23, 2026, driven by surging crude oil prices amid escalating tensions in West Asia. The BSE Sensex fell 230.95 points to 76,521.02, while the NSE Nifty dropped 57.15 points to 23,937. Brent crude rose 2.27% to $96.20 per barrel after Yemen's Houthi rebels reportedly attacked two Saudi oil tankers, raising fears of supply disruptions. Major laggards included Infosys, Bajaj Finance, HDFC Bank, SBI, NTPC, and Reliance Industries, while Trent and Eternal were the only gainers. Foreign Institutional Investors (FIIs) sold equities worth ₹819.20 crore on the previous day. Asian markets were mixed, with South Korea's KOSPI rising 3.15% while U.S. markets ended lower. The decline extended a three-day losing streak for Indian markets.
Source report
30-share BSE Sensex declines 230.95 points to 76,521.02 during initial trade; 50-share NSE Nifty dips 57.15 points to 23,937
Published - July 23, 2026 11:27 am IST - Mumbai
PTI
Market benchmark indices Sensex and Nifty edged lower in early deals on Thursday (July 23, 2026) due to surging crude oil prices amid escalating tensions in West Asia.
- The 30-share BSE Sensex declined 230.95 points to 76,521.02 during initial trade.
- The 50-share NSE Nifty dipped 57.15 points to 23,937.
From the Sensex pack, Infosys, Bajaj Finance, HDFC Bank, State Bank of India, NTPC and Reliance Industries were among the laggards. Trent and Eternal were the only winners from the pack.
Brent crude, the global oil benchmark, quoted 2.27% higher at $96.20 per barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹819.20 crore on Wednesday (July 22, 2026) after a day's breather, according to exchange data.
“Investor sentiment remains fragile as escalating tensions in the Middle East (West Asia) fuel a fresh surge in global oil prices and weigh on risk appetite,” said R. Ponmudi, CEO of Enrich Money, an online trading and wealth-tech firm.
“Markets were rattled after Yemen's Houthi rebels reportedly attacked two Saudi oil tankers, opening a new front in the regional conflict and raising fears of further disruptions to crude supplies,” Mr. Ponmudi added.
Asian and U.S. Market Overview
- South Korea's KOSPI jumped 3.15%.
- Japan's Nikkei 225 index and Hong Kong's Hang Seng index were also trading higher.
- Shanghai's SSE Composite index quoted lower.
- U.S. markets ended in negative territory on Wednesday (July 22, 2026).
Previous Session Performance
On Wednesday (July 22, 2026), the Sensex tanked 715.06 points, or 0.92%, to settle at 76,755.05. The Nifty declined 191.45 points, or 0.79%, to end at 23,996.25.
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