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Sensex Falls 188 Points Amid Elevated Crude Oil Prices; Tata Group Stocks Decline After N. Chandra’s Exit

Godrej Consumer Products fell 10% after Sudhir Sitapati resigned, while SBIN led early gains and market breadth stayed positive on the NSE.

  • Indian equity indices opened with a cautious undertone on Wednesday as investors weighed persistent uncertainty surrounding US-Iran negotiations and mixed global market trends.
  • Escalating geopolitical tensions in the Middle East and rising crude oil prices weighed on sentiment, prompting investors to reduce exposure to risk assets and pull back from Tata Group stocks.
  • Market breadth remained negative, with 1,312 stocks declining against 1,557 advancing on the NSE, as Godrej Consumer Products tumbled 10 per cent and TCS and M&M led the losers.
  • Currency pressure persisted as the rupee traded in a narrow range near 95.32, impacted by early gains in crude oil prices, while Nifty PSU Bank gained 2.05 per cent.
  • Technical Research Analyst Hitesh Tailor advised a selective approach, noting the near-term market setup appears range-bound amid elevated crude prices and upcoming global inflation data.
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Live Mint broke the news in New Delhi, India on Wednesday, August 12, 2026.
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