Stock markets extend losses to fourth day on surging crude oil prices
Indian stock markets, including the Sensex and Nifty, fell for the fourth consecutive day due to rising crude oil prices and geopolitical tensions in West Asia. Brent crude reached nearly $100 per barrel, negatively impacting investor sentiment.
Why it matters
Rising energy costs and geopolitical instability are creating inflationary risks and affecting corporate margins in the Indian economy.
Market benchmark indices Sensex and Nifty ended lower on Thursday (July 23, 2026), extending losses for the fourth straight session, as a sharp jump in crude oil prices due to escalating tensions in West Asia weighed on investor sentiment.
The 30-share BSE Sensex declined 363.66 points, or 0.47%, to settle at 76,391.39. During the day, it tanked 603.07 points, or 0.78%, to 76,151.98. The 50-share NSE Nifty dipped 126.65 points, or 0.53%, to end at 23,869.60.
From the Sensex pack, Adani Ports, Bajaj Finance, InterGlobe Aviation, Axis Bank, State Bank of India and Tata Steel were among the major laggards. Mahindra & Mahindra, Tata Consultancy Services, Eternal and Bajaj Finserv were among the winners from the pack. Brent crude, the global oil benchmark, jumped 4.52% to $98.32 per barrel.
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