Stock markets decline in early trade amid rising crude oil prices

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Market results outside the Bombay Stock Exchange (BSE) in Mumbai. File | Photo Credit: Reuters

Benchmark indices Sensex and Nifty drifted lower in early trade on Monday (August 17, 2026) amid rising crude oil prices and persistent geopolitical tensions in West Asia.

The 30-share BSE Sensex declined 284.85 points to 77,717.05 during initial trading. The 50-share NSE Nifty dipped 69.25 points to 24,297.05.

From the Sensex pack, Infosys, Tata Consultancy Services, HCL Tech, Tech Mahindra, Hindustan Unilever and State Bank of India were the biggest laggards.

Brent crude, the global oil benchmark, traded 0.43% higher at $88.86 per barrel.

"Crude oil remains the principal concern, with Brent holding near $88 a barrel after renewed U.S. warnings against Iran pushed prices higher on Friday (August 14), keeping the geopolitical risk premium firmly embedded in energy markets," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a research analyst firm, said.

In Asian markets, Japan's Nikkei 225, Shanghai's SSE Composite index and Hong Kong's Hang Seng index traded higher.

"Indian equity markets are expected to remain range-bound with a cautious bias as persistent geopolitical tensions in the Middle East continue to restrain risk appetite," Ponmudi R., CEO of Enrich Money, an online trading and wealth-tech firm, said.

Foreign Institutional Investors (FIIs) bought equities worth ₹508.12 crore on Friday (August 14), according to exchange data.

On Friday (August 14), the Sensex was down 70.71 points, or 0.09%, to settle at 78,009.25. The Nifty dipped 29.85 points, or 0.12%, to end at 24,366.

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