Stock markets decline as elevated crude oil prices weigh on sentiment; Sensex drops 388 points
Indian stock markets, including the Sensex and Nifty, declined on Tuesday due to rising global crude oil prices and geopolitical uncertainty. Brent crude climbed toward $90 per barrel, negatively impacting investor sentiment across several sectors.
Why it matters
Rising energy costs remain a primary headwind for emerging markets, threatening to dampen economic growth and corporate profitability.
Benchmark indices Sensex and Nifty ended lower on Tuesday (August 11, 2026) as a sharp rally in crude oil prices due to geopolitical uncertainties dented investors' sentiment.
The 30-share BSE Sensex dropped 388.19 points, or 0.49%, to settle at 78,154.25. During the day, it tanked 494.18 points, or 0.62%, to 78,048.26.
The 50-share NSE Nifty declined 112.10 points, or 0.46%, to end at 24,471.70.
From the Sensex pack, UltraTech Cement, Axis Bank, InterGlobe Aviation, Bharti Airtel, Bajaj Finance and Power Grid were among the major laggards.
Eternal, Infosys, Titan, HCL Tech, and Tata Consultancy Services were the gainers.
Brent crude, the global oil benchmark, jumped 2.18 per cent to $89.63 per barrel.
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