Indian markets snap 1-week rally following surge in crude, FII outflows
Indian stock markets experienced a decline, ending a one-week rally due to rising Brent crude oil prices and foreign institutional investor outflows. Geopolitical tensions following Houthi attacks in Saudi Arabia have contributed to negative investor sentiment.
Why it matters
The volatility highlights the vulnerability of emerging markets to global energy price shocks and shifts in foreign capital flows.
Indian markets snap 1-week rally following surge in crude, FII outflows left Foreign institutional investors remain net sellers in Indian equities. (Representational image) Getty Images/iStockphoto Getty Images/iStockphoto https://th-i.thgim.com/public/incoming/czn0r6/article71615983.ece/alternates/FREE_1200/iStock-1323542329%208.jpg oatawa Closeup - Woman is checking Bitcoin price chart on digital exchange on smartphone, cryptocurrency future price action prediction. Indian markets declined on Friday (October 23, 2026), snapping the one-week rally, with most indices ending in red following a surge in crude prices and foreign fund outflows. Sensex plunged over 1% during the day before settling at 73,123.83, down 125.56 points from its previous close. Nifty declined to the 22,400 level before unwinding some losses and ended at 22,600, down 87.65 points or 0.4%. “Benchmark indices closed in negative territory as elevated Brent crude oil prices and weak global cues continued to weigh on investor sentiment.
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