Sensex, Nifty Flat as Geopolitical Tensions, Oil Prices Weigh
Rediff 2d ago·16 Jul 2026, 11:52 am
Originally published by Rediff. Read on Rediff →
Indian benchmark indices, Sensex and Nifty, concluded largely subdued as investors navigated geopolitical uncertainties, fluctuating oil prices, and mixed global market trends, with profit-taking in key blue-chip stocks offsetting gains in the IT sector.
Benchmark indices Sensex and Nifty closed almost unchanged on Thursday, as profit-taking in blue-chip stocks such as HDFC Bank and Reliance Industries offset gains in IT shares amid geopolitical tensions.
During the day, it climbed 394.26 points, or 0.51 per cent, to 77,579.69 but pared gains towards the end of the session.
The 50-share NSE Nifty dipped 5.75 points, or 0.02 per cent, to end at 24,072.75.
Factors Influencing Market Performance
Fluctuating oil prices and weak Asian market trends also weighed on domestic equities, according to an expert.
Among Sensex shares, InterGlobe Aviation, HCL Technologies, Bajaj Finance, Maruti, Mahindra & Mahindra and Tech Mahindra were the major winners.
Eternal, Bharat Electronics, Bajaj Finserv, HDFC Bank and Axis Bank were among the laggards.
Brent crude, the global oil benchmark, dipped 0.39 per cent to $84.62 per barrel.
In Asian markets, South Korea's Kospi tanked 6.37 per cent. Japan's Nikkei 225 index and Shanghai's SSE Composite index also settled lower, while Hong Kong's Hang Seng index ended higher.
"Indian equities concluded largely subdued as investors remained cautious amid geopolitical uncertainties, fluctuating oil prices, and weak Asian market trends," said Vinod Nair, Head of Research, Geojit Investments Limited.
FII Activity and Previous Session
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 735.83 crore on Wednesday, according to exchange data.
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
