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Business
Indian Stock Markets Dip Early as Crude Oil Surges to $91 a Barrel
✍️ The Meghalayan Express
🗓 18 Aug 2026, 03:49 PM
👁 47
Indian equities fell in the first session after global crude prices jumped to $91 a barrel, sending a warning signal to investors.
Indian stock indices opened lower in early trading as global crude oil prices surged to $91 a barrel, marking the highest level in recent weeks.
The benchmark Nifty 50 and Sensex slipped by 0.6% and 0.5% respectively, with technology and banking stocks bearing the brunt of the sell‑off. Market analysts linked the decline to heightened geopolitical tensions in the Middle East, which have pushed oil prices higher.
Despite the dip, some sectors such as energy and defense showed resilience, buoyed by expectations of sustained demand. Market participants are now closely monitoring oil price movements and global economic data for further guidance on the direction of the Indian market.
The benchmark Nifty 50 and Sensex slipped by 0.6% and 0.5% respectively, with technology and banking stocks bearing the brunt of the sell‑off. Market analysts linked the decline to heightened geopolitical tensions in the Middle East, which have pushed oil prices higher.
Despite the dip, some sectors such as energy and defense showed resilience, buoyed by expectations of sustained demand. Market participants are now closely monitoring oil price movements and global economic data for further guidance on the direction of the Indian market.