Sensex Slumps 600 Points, Nifty Below 24,050 on Mideast Conflict, Fresh Pharma Tariffs. What Lies Ahead?

Markets decline in early trade on higher crude oil prices, selling in bank stocks

Elevated crude oil prices and persistent geopolitical tensions have tempered risk appetite in the markets, according to an expert

Sensex Falls over 400 Points, Nifty Slips Below 24,150 Amid Crude Surge, Pharma Stocks Under Pressure Following Trump's Tariff Announcement

Get latest articles and stories on Business at LatestLY. Indian benchmark indices opened lower on Wednesday as surging crude oil prices amid escalating tensions between the US and Iran weighed on investor sentiment, while Indian pharmaceutical stocks came under pressure after US President Donald Trump announced plans to impose tariffs of up to 200 per cent on generic drug imports. Business News | Sensex Falls over 400 Points, Nifty Slips Below 2…

Sensex slumps 600 points, Nifty below 24,050 on Mideast conflict, fresh pharma tariffs. What lies ahead?

Indian stock markets experienced a decline on Wednesday as tensions in the Middle East escalated. Crude oil prices surged above $92 a barrel, impacting investor sentiment negatively. Broader markets also slipped, with small and midcap indices showing losses. Several major banking and IT stocks contributed to the Sensex's drop. Despite these challenges, some auto and consumer stocks traded higher, bucking the trend.

Sensex slumps 600 points, Nifty below 24,050 as Mideast conflict escalates. What lies ahead?

Indian stock markets experienced a decline on Wednesday as tensions in the Middle East escalated. Crude oil prices surged above $92 a barrel, impacting investor sentiment negatively. Broader markets also slipped, with small and midcap indices showing losses. Several major banking and IT stocks contributed to the Sensex's drop. Despite these challenges, some auto and consumer stocks traded higher, bucking the trend.

22 July, 2026 Stock Market Updates: Sensex, Nifty open in red, pharma stocks under pressure

Asian shares jumped on Wednesday as investors took cues from a rebound in US markets, which snapped a three-day losing streak amid a rally in chipmakers.

Sensex, Nifty open lower as Brent crude climbs above $92

The BSE Sensex fell 367.92 points, or 0.47%, to 77,102.19, while the NSE Nifty50 declined 99.10 points, or 0.41%, to 24,088.60 at around 9:20 am.