Stock markets tumble in early trade as crude oil prices hit $100 per barrel mark
Indian stock markets experienced a sharp decline as Brent crude oil prices surpassed $100 per barrel due to geopolitical tensions in West Asia. Major companies like Infosys and InterGlobe Aviation saw significant losses, reflecting broader macroeconomic uncertainty.
Why it matters
Rising oil prices pose a significant threat to India's balance of payments and overall economic stability, impacting investor confidence across global markets.
Market benchmark indices Sensex and Nifty tumbled in early trade on Friday (July 24, 2026) as crude oil prices crossed $100 per barrel mark amid escalating geopolitical tensions in the West Asia. The 30-share BSE Sensex tumbled 512.07 points to 75,869.38 during initial deals. The 50-share NSE Nifty declined 153 points to 23,713.60.
From the Sensex pack, InterGlobe Aviation, Eternal, Bharti Airtel, Infosys, Bajaj Finance and Trent were among the major laggards. InterGlobe Aviation slipped over 2% after IndiGo reported a ₹238 crore net loss for the three months ended June, as higher fuel prices and the West Asia conflict resulted in turbulence for the country's largest airline. InterGlobe Aviation is the parent of IndiGo.
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