Markets decline in early trade on higher crude oil prices, selling in bank stocks
Indian stock markets experienced a decline in early trading sessions due to rising crude oil prices and sell-offs in the banking sector. Despite the domestic downturn, some Asian markets showed gains while global oil benchmarks increased.
Why it matters
Market fluctuations impact investor sentiment and the broader economic stability of the region, reflecting global geopolitical tensions.
Benchmark indices Sensex and Nifty declined in early deals on Wednesday (July 22, 2026) as higher crude oil prices and selling in bank stocks hit investors’ sentiment.
The 30-share BSE Sensex declined 403.54 points to 77,066.06 in early trade, taking the downtrend to the third day running. The 50-share NSE Nifty edged lower by 114.75 points to 24,070.05.
From the Sensex pack, InterGlobe Aviation, Axis Bank, State Bank of India, Sun Pharma, Adani Ports, UltraTech Cement, HDFC Bank and ICICI Bank were among the major laggards.
Titan, Eternal, Maruti and Asian Paints were the winners.
Elevated crude oil prices and persistent geopolitical tensions have tempered risk appetite in the markets, according to an expert.
Brent crude, the global oil benchmark, is quoted 1.15% higher at $92.06 per barrel.
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