Stock markets slump in early trade on rising tensions in West Asia, higher oil prices
Indian stock markets experienced a significant decline in early trading on July 13, 2026, driven by rising geopolitical tensions in West Asia and a surge in crude oil prices. Major indices like the Sensex and Nifty fell, mirroring a broader bearish trend across Asian markets.
Why it matters
The market volatility underscores the sensitivity of global financial markets to geopolitical instability and energy price fluctuations.
Benchmark indices Sensex and Nifty slumped in early trade on Monday (July 13, 2026) amid escalating tensions in West Asia and rising crude oil prices.
Bearish trend in Asian peers also dragged the domestic markets lower.
After two days of rally, the 30-share BSE Sensex tanked 616.15 points to 76,946.97 in early deals. The 50-share NSE Nifty dropped 190.50 points to 24,015.
From the Sensex pack, InterGlobe Aviation, Tata Steel, Maruti, Asian Paints, HDFC Bank and Bajaj Finserv were among the major laggards.
Tata Consultancy Services, NTPC, HCL Tech and Power Grid were the gainers.
Brent crude, the global oil benchmark, quoted 3.96% higher at $79.02 per barrel.
The escalation in geopolitical tensions has triggered a sharp rebound in crude oil prices, weighing on overall investor sentiment, according to a market analyst.
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