Sensex tanks 792 points, Nifty slips 236 points at open as Middle East tensions and $100 Brent crude rattle markets; Shriram Finance, Infosys, IndiGo drag
Fortune India 1 hr ago·24 Jul 2026, 4:51 am
Economy Fortune India
Indian equity benchmarks opened sharply lower on Monday, extending global market weakness. The Sensex fell over 790 points, while the Nifty 50 dropped nearly 240 points. The selling pressure was driven by escalating geopolitical tensions in the Middle East, which pushed Brent crude oil prices above the $100 per barrel mark. Higher oil costs increase import bills for India, a major oil importer, thereby squeezing corporate profit margins and raising concerns about inflation.
This move in crude oil is a key worry for investors as it directly impacts the cost of fuel and logistics for businesses. A prolonged spike in oil prices could force the central bank to maintain a hawkish stance on interest rates, which tends to weigh on equity valuations. Investors are currently focused on how quickly global tensions de-escalate and whether domestic markets can find support at current levels.
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
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