Nifty, Sensex decline for third day on higher crude oil prices, selling in bank stocks
Indian stock markets, including the Sensex and Nifty, fell for the third consecutive day due to rising crude oil prices and selling in the banking sector. Investors remain cautious amid geopolitical tensions in the Middle East and concerns over potential U.S. trade policies.
Why it matters
Market volatility in India reflects broader global economic anxieties regarding energy costs and international trade relations.
Benchmark indices Sensex and Nifty tumbled nearly 1% on Wednesday (July 22, 2026), taking the losses to the third consecutive day, following a sharp spike in crude oil prices and selling in bank stocks.
The 30-share BSE Sensex tanked 715.06 points, or 0.92%, to settle at 76,755.05. During the day, it slumped 828.92 points, or 1%, to 76,641.19. The 50-share NSE Nifty declined 191.45 points, or 0.79%, to end at 23,996.25.
From the Sensex pack, InterGlobe Aviation, Infosys, State Bank of India, UltraTech Cement, ICICI Bank, and Axis Bank were among the major laggards. Hindustan Unilever, NTPC, Power Grid, and Titan were among the winners. Brent crude, the global oil benchmark, jumped 4.68% to $95.27 per barrel.
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