Stock markets decline in early trade on spike in crude oil prices
Indian stock markets experienced a decline in early trading as crude oil prices spiked due to geopolitical tensions in the Middle East. Despite the dip, analysts remain cautiously optimistic due to strong corporate earnings growth in the first quarter.
Why it matters
Fluctuations in oil prices and market indices directly impact investor sentiment and the broader economic outlook for emerging markets.
Market benchmark indices Sensex and Nifty drifted lower in early trade on Monday (August 11, 2026) amid a spike in crude oil prices due to geopolitical uncertainties.
The 30-share BSE Sensex dipped 19.38 points to 78,479.79 in early deals. The 50-share NSE Nifty skidded 5.10 points to 24,567.45.
Later in the trade, the BSE benchmark declined 158.62 points to 78,340.55, and the Nifty edged lower by 45.20 points to 24,524.95.
From the Sensex pack, Eternal, State Bank of India, InterGlobe Aviation, Power Grid, NTPC and Bharti Airtel were among the laggards.
Titan, Infosys, Tech Mahindra and HCL Tech were among the winners.
Brent crude, the global oil benchmark, traded 1.03% higher at $84.41 per barrel.
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