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Markets Slip in Early Trade as Sensex Drops 460 Points Amid Crude Oil Surge
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News18•07-10-2026, 10:00
Markets Slip in Early Trade as Sensex Drops 460 Points Amid Crude Oil Surge
- •Benchmark indices Sensex and Nifty declined in early trade following two consecutive sessions of gains.
- •The 30-share BSE Sensex dropped 460 points to 72,599.05, while the NSE Nifty fell 164.80 points to 22,610.85.
- •The downturn was driven by rising crude oil prices and investor caution ahead of the Reserve Bank of India monetary policy decision.
- •Major laggards included Titan, Asian Paints, Bharat Electronics, Maruti, Axis Bank and Mahindra & Mahindra.
- •Foreign Institutional Investors offloaded equities worth Rs 2,961.30 crore on the previous trading day.
Key Questions Answered
Benchmark indices Sensex and Nifty declined in early trade on Wednesday, with the BSE Sensex falling 460 points to 72,599.05 and the NSE Nifty dropping 164.80 points to 22,610.85.
Investors maintained caution ahead of the Reserve Bank of India's monetary policy decision, with Reserve Bank Governor Sanjay Malhotra scheduled to announce the rate decision following the Monetary Policy Committee meeting.
Brent crude traded 1.01 percent higher at USD 101.6 per barrel, while ongoing FPI outflows and persistent foreign institutional investor selling of Rs 2,961.30 crore contributed to the market decline.
