Sensex opened 600 points lower, and Nifty slipped below 23,700 as Brent crude surpassed $100 per barrel, fueled by Middle East tensions and weak corporate earnings.
Sensex fell 900 points as Brent crude jumped past $100/barrel, raising inflation and import cost concerns for India. The oil shock threatens corporate margins and balance-of-payments, pressuring IT services earnings and enterprise capex budgets.
Brent crude oil prices have surged past $100
Jul 24, 2026
10:20 am
What's the storyIndia's benchmark equity indices opened sharply lower today, marking the fifth consecutive session of losses.
The fall is largely attributed to Brent crude oil prices surging past the $100-a-barrel mark amid rising tensions in the Middle East.
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