Archive · 23 Jul 2026
Crude Surge Triggers Market Rout
The Indian stock market had a bad day on Wednesday.
The Sensex and Nifty both went down by nearly 1%.
This happened because the price of crude oil went up a lot, and there are worries about oil supplies.
The rupee also got weaker.
Some companies like InterGlobe Aviation and Infosys did worse, while others like Hindustan Unilever did better.
The market has been going down for three days in a row.
People are worried about the situation between the US and Iran and problems with shipping routes.
The price of Brent crude oil went up by 4.68% to $95.27 per barrel.
Investors are also worried about possible new US tariffs on medicines.
In other markets, some like South Korea and Shanghai went up, but Japan and Hong Kong went down.
US markets were higher on Tuesday.
Sensex and Nifty tumbled nearly 1% on Wednesday.
Crude oil prices surged, driving market declines.
Geopolitical tensions in the Middle East heightened concerns.
Major laggards included InterGlobe Aviation and Infosys.
FIIs turned buyers, purchasing equities worth Rs 1,650.16 crore.
- Who
- Indian equities, investors, market analysts
- What
- Market rout due to crude oil price surge and geopolitical tensions
- When
- Wednesday
- Where
- Mumbai, India
- Why
- Sharp rise in crude oil prices and persistent geopolitical tensions in the Middle East
Market Analysts
Investors
Market Performance
Market Analysts
The market decline is due to geopolitical tensions and rising crude oil prices.
Investors
Investors are cautious due to macroeconomic factors and potential US tariffs.
- Sensex
- 76,755.05
- Nifty
- 23,996.25
- Brent Crude Price
- $95.27 per barrel
- Major Laggards
- InterGlobe Aviation, Infosys, State Bank of India, UltraTech Cement, ICICI Bank, Axis Bank
- Winners
- Hindustan Unilever, NTPC, Power Grid, Titan
- FII Activity
- Bought equities worth Rs 1,650.16 crore