2 weeks ago
Nifty slips below 24,200 as IT stocks lead losses
The stock market in India had a rough day on Tuesday.
The Sensex and the Nifty, which are two big groups of stocks, went down in price.
This was the sixth day in a row that they had fallen.
Computer software companies lost the most money today.
Oil prices stayed high, and that can make things more expensive for businesses.
The Indian rupee also got weaker compared to the American dollar.
Gold and silver prices went down a little bit as well.
Some companies still did well, like the car company Mahindra & Mahindra.
Many traders are watching carefully to see what happens next.
The Sensex fell 388.80 points (0.50%) to 77,339.36 and the Nifty 50 dropped 101.25 points (0.42%) to 24,186.40 at midday, on course for a sixth straight losing session.
IT stocks led declines, with Infosys down 2.34% to ₹1,113.20 and Asian Paints the worst Nifty performer at 2.40% lower (₹2,622.90).
WTI crude oil stayed elevated near $84.40 a barrel, breaking out of its $81–$83 range, as geopolitical tensions showed no signs of easing.
The rupee weakened to about ₹95.65 per dollar, while COMEX Gold fell 0.55% to $4,449.10 and COMEX Silver lost 1.41% to $65.295.
Market breadth was negative on the BSE with 2,267 declines versus 1,828 advances, while Mahindra & Mahindra rose 0.98% to lead Nifty gainers.
- Who
- Investors and traders active in Indian equity, commodity and currency markets
- What
- Both the Sensex and Nifty 50 fell for a sixth consecutive session, with IT stocks leading losses amid elevated crude oil prices
- Where
- Indian stock and commodity markets, including the BSE and MCX
- When
- Tuesday, August 18, 2026, at midday (as of 1.05 pm)
- Why
- Elevated crude oil prices and unresolved geopolitical tensions, along with technical weakness, weighed on market sentiment
Key facts
- Sensex (midday)
- 77,339.36, down 388.80 points (0.50%)
- Nifty 50 (midday)
- 24,186.40, down 101.25 points (0.42%)
- Losing streak
- Sixth consecutive session of losses for both indices
- WTI crude oil
- Near $84.40 per barrel
- Rupee vs dollar
- Around ₹95.65
- Top Nifty gainer
- Mahindra & Mahindra, up 0.98% to ₹3,423.60
- Top Nifty loser
- Asian Paints, down 2.40% to ₹2,622.90
- BSE market breadth
- 2,267 declines vs 1,828 advances
Sources
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