News

Market Report- Rising crude prices weighs on Indian markets

The benchmark indices were under pressure on July 23, 2026, as rising crude oil prices and escalating tensions in West Asia have weakened investor sentiment. Majority of the sectors were in red. Among index heavyweights only Eternal, Trent, M&M and Ultratech Cement were in green. At 9.34 am, Sensex slipped by 0.33% or 318 points to 23,915. The Nifty dipped 0.40% or 80 points to 23,914.

Rupee Check-

Rupee opened at 96.49/$ Vs. July 22, 2026, close of 96.57/$.

Global Update-

• Asia stocks gained on AI chipmaker rally as oil surges amid Red Sea tanker attacks.
• US markets end marginally lower, Nasdaq down over 0.5%.
• European markets close in the green, all major indices go up nearly 1% each.
• Oil prices jump after Houthis attack 2 Saudi Arabian tankers in red sea, Brent Tops $96/bbl.