Thursday, 12 November 2026 IPO data updated 8 minutes ago

Indian Stock Market Falls for Third Straight Session as Crude Oil Crosses $110

Indian Stock Market Falls for Third Straight Session as Crude Oil Crosses $110

Indian stock markets declined for the third consecutive session on October 22, 2026, as rising crude oil prices and escalating geopolitical tensions in the Middle East increased concerns over inflation. The Nifty 50 fell 0.73% to 22,647.90, while the BSE Sensex dropped 0.49% to 73,343.98 during morning trading.

Brent crude prices climbed above $110 per barrel amid fears of supply disruptions following attacks in Saudi Arabia. As India imports a large share of its crude oil requirements, higher prices can increase the country's import bill, put pressure on the rupee and raise inflation risks.

The sell-off extended across the broader market, with small-cap and mid-cap indices declining around 1.2%. Fifteen of the 16 major sectoral indices traded lower. Shares of HDFC Bank and Reliance Industries also came under pressure, while oil-sensitive sectors such as paints, tyres and oil-marketing companies faced selling.

Investors are also monitoring the possibility of further interest rate hikes to control inflation. Going forward, crude oil prices, geopolitical developments and corporate earnings are likely to influence market direction. Persistent volatility may continue if oil prices remain elevated.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.