Stock markets down in early trade dragged by rising crude oil prices
Indian stock markets Sensex and Nifty declined in early trade on August 7, 2026, driven by rising global crude oil prices and investor caution. The market downturn follows a trend of volatility in U.S. markets and concerns over geopolitical tensions in the Strait of Hormuz.
Why it matters
Fluctuations in crude oil prices and market indices directly impact investor sentiment and the broader Indian economic outlook.
Market benchmark indices Sensex and Nifty declined in early trade on Friday (August 7, 2026), dragged down by financial stocks and rising crude oil prices.
The 30-share BSE Sensex declined 235.36 points to 78,699.80 in early trade. The 50-share NSE Nifty dipped 24.30 points to 24,608.25.
From the Sensex pack, Bajaj Finance, Bajaj Finserv, Trent, ICICI Bank, Bharti Airtel and Eternal were among the major laggards.
Tata Consultancy Services, Tech Mahindra, HCL Tech and Infosys were among the winners.
Brent crude, the global oil benchmark, traded 1.16% higher at $83.45 per barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹17.86 crore on Thursday (August 6, 2026), according to exchange data.
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