Among the Sensex pack, the top laggards included Adani Ports, Bajaj Finance, InterGlobe Aviation, Axis Bank, State Bank of India and Tata Steel. The winners included Mahindra & Mahindra, Tata Consultancy Services, Eternal and Bajaj Finserv. File | Photo credit: Getty Images
Market indices Sensex and Nifty ended the day lower on Thursday (July 23, 2026), continuing to decline for the fourth straight session as a sharp jump in crude oil prices due to escalating tensions in West Asia weighed on investor sentiment.
The 30-share BSE Sensex fell 363.66 points, or 0.47 per cent, to close at 76,391.39. On the day, it fell 603.07 points, or 0.78%, to 76,151.98. The 50-share NSE Nifty fell 126.65 points or 0.53 per cent to close at 23,869.60.
Among the Sensex pack, the top laggards included Adani Ports, Bajaj Finance, InterGlobe Aviation, Axis Bank, State Bank of India and Tata Steel. The winners included Mahindra & Mahindra, Tata Consultancy Services, Eternal and Bajaj Finserv. Brent crude, the global oil benchmark, jumped 4.52% to $98.32 a barrel.
“Indian stock markets continued to fall as escalating US-Iran tensions, soaring crude oil prices and renewed concerns over global AI spending weighed on investor sentiment,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth technology company.
Foreign institutional investors (FIIs) sold shares worth ₹819.20 crore on Wednesday (July 22, 2026) after a day’s respite, according to exchange data. “With crude oil prices approaching $100 a barrel amid concerns about further disruptions in global energy supplies, investor sentiment remains subdued as markets re-price inflation risks and corporate earnings,” said Vinod Nair, head of research at Geojit Investments Limited.
In Asian markets, South Korea’s KOSPI index jumped 4.40%. Japan’s Nikkei 225 Index, Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng Index also closed higher. Markets in Europe were trading lower. US markets ended Wednesday in negative territory (July 22, 2026).
On Wednesday (July 22, 2026), the Sensex fell 715.06 points or 0.92 per cent to settle at 76,755.05. The Nifty index fell 191.45 points or 0.79 per cent to close at 23,996.25.
Published – Jul 23, 2026 05:08 PM EST.