Nifty falls for 7th day, Sensex down 326 points as rising crude oil prices unnerve investors
Indian stock markets experienced a decline for the seventh consecutive session as rising crude oil prices and geopolitical tensions following the end of a U.S.-Iran ceasefire unnerved investors. Major indices like the Sensex and Nifty closed lower, reflecting broader global market volatility.
Why it matters
The market downturn highlights the sensitivity of the Indian economy to global energy prices and geopolitical instability in the Middle East.
Benchmark equity indices Sensex and Nifty closed lower on Wednesday (August 19, 2026) as elevated crude oil prices amid a lack of a diplomatic resolution following the end of the U.S.-Iran ceasefire dented investor sentiment.
The expiry of the temporary 60-day U.S.-Iran ceasefire without any meaningful diplomatic breakthrough has renewed concerns over a prolonged disruption to energy supplies, driving crude oil prices higher, an expert said.
The 30-share BSE Sensex was down 325.78 points, or 0.42%, to settle at 76,909.68, registering its fourth day of decline. During the day, it dropped 412.57 points, or 0.53%, to 76,822.89.
In the last four days, the benchmark has lost 1,170.28 points, or 1.49%.
Extending its losses to the seventh day, the 50-share NSE Nifty declined 76.60 points, or 0.32%, to end at 24,078.30. It has tumbled 505.5 points, or 2%, in the last seven sessions.
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