Oil Surge and Market Slide
As of July 23, 2026, global crude oil prices surged toward the $100-per-barrel threshold, driven by escalating West Asia tensions and reported disruptions affecting regional energy supply lines. The spike in energy costs has reignited inflation anxieties worldwide, heavily dampening investor risk appetite and weighing on major international equities.

Indian Markets Extend Losing Streak
Weighed down by the crude oil shock and persistent foreign capital outflows, Indian benchmark indices extended their losses to a fourth consecutive session on Thursday. The BSE Sensex declined 363.66 points (-0.47%) to settle at 76,391.39, while the Nifty 50 dipped 126.65 points (-0.53%) to close below the key 23,900 mark at 23,869.60. Heavy selling pressure was observed across realty, energy, and financial services, though select auto stocks managed to limit deeper losses.

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