Sensex falls 365 points, Nifty slips 76 points as crude oil rises to $91 amid Iran-US tensions
IBTimes India 50 min ago·18 Aug 2026, 5:02 am
The Indian stock market faced headwinds on Monday as domestic indices Sensex and Nifty slipped into the red. The selling pressure was largely triggered by a sharp rise in global crude oil prices, which climbed above the $91 per barrel mark. This increase was driven by escalating geopolitical tensions between Iran and the United States, creating uncertainty in energy markets.
For investors, this development is significant because crude oil is a key input for the Indian economy. A sustained rise in oil prices can hurt corporate profit margins, particularly for sectors like aviation and automobiles, and may also increase the current account deficit. Consequently, investors are adopting a cautious stance, waiting to see if the geopolitical situation stabilizes or if the central bank will intervene to mitigate the impact.
Excerpt from IBTimes India
Domestic equity benchmarks traded lower in early deals on Tuesday as a spike in crude oil prices above $91 a barrel weighed on investor sentiment amid fading hopes of a US-Iran peace deal. In morning trade, the Sensex declined 365 points, or 0.47 per cent, to 77,362, hitting an intraday low. The Nifty traded 76…Read the original at IBTimes India
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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