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Indian Shares Fall as Oil Jumps on Renewed Escalation in the Middle East
Crude oil prices jumped on Gulf tensions, and market breadth was positive even as heavyweights dragged the benchmark lower.
- On Monday, July 13, 2026, Indian equity benchmark indices, the BSE Sensex and Nifty, started the trading session on a weak note as renewed geopolitical tensions heightened risk aversion across financial markets.
- Escalating tensions in the Gulf and Iran's reported closure of the Strait of Hormuz drove oil prices higher, weighing on the Rupee and acting as the primary headwind for Asian equities.
- The 30-share Sensex tumbled 606.04 points, or 0.78 per cent, to open at 76,963.35, while market breadth remained positive with 1,662 stocks advancing against 938 stocks declining on the NSE.
- Within the Sensex pack, TCS, HCL Tech, and NTPC gained, with TCS rising nearly 0.82 per cent, while Indigo, Maruti, Tata Steel, Asian Paints, and UltraTech Cement were among the losers, with Indigo falling over 2.81 per cent.
- Regionally, South Korea's Kospi and Shanghai's SSE Composite index traded in the red, even as Foreign Institutional Investors purchased equities worth Rs 2,603.72 crore on July 10, 2026, following the previous week's winning streak.
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Sensex falls 500 points, Nifty slips below 24,100 as US-Iran conflict escalates. What lies ahead?
Indian stock markets edged lower on Tuesday, with major indices Sensex and Nifty falling. Escalating Middle East tensions contributed to rising oil prices, impacting investor sentiment negatively. Several prominent companies like HCL Technologies and Bajaj Finance saw significant share price drops. While some sectors like IT and Metal showed marginal gains, the overall market breadth remained bearish.
·India
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Due to the renewed escalation between Iran and the USA, crude oil is again becoming more expensive, which is felt at the petrol station and the stock exchanges.
·Munich, Germany
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Coverage Details
Total News Sources28
Leaning Left3Leaning Right9Center2Last UpdatedBias Distribution64% Right
Bias Distribution
- 64% of the sources lean Right
64% Right
L 22%
14%
R 64%
Factuality
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