Markets tumble in early trade as rising oil prices dent sentiment; Sensex drops 553 points

Market benchmark indices Sensex and Nifty declined in early trade on Tuesday (July 14, 2026), dragged by a sharp rally in crude oil prices due to the renewed flare-up in West Asia.

Fresh foreign fund outflows and a weak trend in global peers also put pressure on the markets.

Also Read: West Asia war LIVE: U.S. strikes Iran for third night as Trump says deal still ‘possible’

The 30-share BSE Sensex dropped 552.99 points to 77,063.41 in early trade. The 50-share NSE Nifty declined 160.45 points to 24,050.55.

From the Sensex pack, InterGlobe Aviation, HCL Tech, Bajaj Finance, Mahindra & Mahindra, UltraTech Cement and Larsen & Toubro were the biggest laggards.

Bharti Airtel, Tata Consultancy Services, Adani Ports and Tata Steel were among the winners.

Brent Crude, the global oil benchmark, quoted 1.63% higher at $84.60 per barrel.

“There are some headwinds blowing again which might impact the Indian market in the near-term. The escalation of U.S.-Iran conflict has pushed Brent crude to $84. If this spike continues it will again start impacting India’s macros,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi traded 3.71% lower. Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index were also quoting lower.

U.S. markets ended in negative territory on Monday (July 13, 2026).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,062.27 crore on Monday (July 13, 2026), according to exchange data.

On Monday (July 13, 2026), the Sensex went up by 47.01 points, or 0.06%, to settle at 77,616.40. The Nifty eked out a marginal gain of 4.10 points, or 0.02%, to end at 24,211.